Folks, I've been balls deep in research around the Terra-Luna eco-system for the past 4 weeks. I'm really impressed with what they have done, and the work TerraFormLabs has focused on bridging into Ethereum.
My Dudes. The way Terra.money integrates into one of their primitives Anchor Protocol is really ingenious, I encourage you all to read it, essentially in a tl;dr
- It is a money market, but only allows productive staking assets as collateral (LUNA, DOT, stETH, SOL)
- It augments the rate for a target fixed rate of 20% APY on stablecoins for the TerraUSD (UST)
- Anchor Protocol also listed the Anchor SDK for easy integration.
- They have bridged Anchor across to Ethereum, in the form of https://orion.money/ - thus allowing for high returns in DAI, USDC, USDT, BUSD, wUST
- Orion.money DAI APY currently is base 13.3% APY, and if boosted with Orion tokens hits the native Anchor/Terra rate of 20% APY
https://docs.anchorprotocol.com/developers-earn/anchor-earn-sdk
Question for the devs:
Can we get into this somehow, can we boost our repayments via Orion Money - as essentially a second bucket to invest "the global credit card" into?
How will this go down with our friends at Yearn?
Cheers
Virt