Terra 🌍 Powered by LUNA πŸŒ•
Terra 🌍 Powered by LUNA πŸŒ•

@terra_money

6 Tweets 6 reads Oct 22, 2021
1/ Proposal 128 to initiate IBC on Terra has passed, meaning that IBC is now live on the Terra mainnet :)
station.terra.money
Stay tuned for once the relayer channels are set up, and users can begin transferring tokens between Terra and the Cosmos ecosystem from Station.
2/ IBC is a standardized pathway for transferring arbitrary messages across IBC-compatible chains, particularly Cosmos SDK chains where IBC is a native feature.
Standardization of communication protocols lays at the heart of the Internet, and it's a core primitive of @cosmos.
3/ With so many bridges in crypto melding once isolated blockchains into a vibrant interconnected ecosystem, it’s only natural that users will gravitate towards standardization, particularly with fragmented bridging solutions.
4/ For Terra, IBC paves the inter-chain highways of DeFi with $UST as its leading stablecoin, asset quote currency, and exchange medium.
Asset transfers, data availability proofs, and more can all be seamlessly ported between Terra and IBC-enabled chains in the Cosmos ecosystem
5/ Special thanks to @osmosiszone, @keplr, @sifchain, and @emerisHQ for working to integrate Terra relay channels on their wallets and DEXs.
6/ Time to unleash the floodgates of $UST, $LUNA, and Terra’s booming ecosystem on Cosmos.
Welcome to IBC πŸŒ•

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