{"id":359338,"date":"2021-10-28T20:45:00","date_gmt":"2021-10-28T17:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/xdefi-wallet-integrates-terra-and-launches-liquidity-program\/"},"modified":"2021-10-28T20:45:00","modified_gmt":"2021-10-28T17:45:00","slug":"xdefi-wallet-integrates-terra-and-launches-liquidity-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/xdefi-wallet-integrates-terra-and-launches-liquidity-program\/","title":{"rendered":"# XDEFI Wallet integrates Terra and launches liquidity program"},"content":{"rendered":"

“# XDEFI Wallet integrates Terra and launches liquidity program <\/strong>”
\n<\/p>\n

XDEFI Wallet, a <\/strong>browser-based service for DeFi and NFT assets, has officially integrated the layer-1 blockchain protocol Terra on its platform following a number of weeks of testing and development.<\/p>\n

With the addition of Terra, the platform now supports 9 blockchain networks including Bitcoin, Ethereum, and Polygon. It has also expressed intentions to incorporate\u00a0Solana, Avalanche, and Arbitrum in the future. <\/p>\n

Earlier this month, XDEFI launched their public cross-wallet extension onto Google Chrome\u2019s web store, with the stated intention of enabling easy-accessibility for the browser’s users.<\/p>\n

In late September, XDEFI raised $6 million from a recognised number of venture capital crypto firms including Mechanism Capital, Alameda Research and CoinGecko, as well as a series<\/a> of private individual investors. <\/p>\n

CEO and co-founder \u00c9mile Dubi\u00e9 commented on the benefits of Terra\u2019s native algorithmic stablecoin TerraUSD (UST):<\/p>\n

\u201cI believe that UST serves a unique purpose as a decentralized stablecoin and will become a key component of the crypto ecosystem. Terra’s killer app<\/a> is its accessible and UX-focused environment that caters for wider web3 adoption. It is truly exciting to see how Terra has developed as a Layer 1 and to see projects flourishing around UST.”<\/p><\/blockquote>\n

Related: 3 reasons why Terra (LUNA) price hit a new all-time high<\/em><\/strong><\/p>\n

XDEFI also revealed plans for the creation of a liquidity program on Terra in partnership with DeFi protocol Pylon. The program will aim to support debut projects on the Terra ecosystem and grant the community governance opportunities as to the types of projects selected. <\/p>\n

According to analytical data<\/a> from DeFi Llama, the Terra blockchain facilitates $9.75 billion in total value locked, or TVL, across eight assets, the most popular of which are Anchor Protocol, Lido Finance and decentralized blogging platform Mirror who record $3.94B, $2.95B and $1.27B, respectively.<\/p>\n

CEO and Co-Founder of Terra, Do Kwon, shared his excitement on the potential impact\u00a0XDEFI could have on the Terra ecosystem:<\/p>\n

\u201cWe\u2019re thrilled to welcome XDEFI as a non-custodial wallet supporting the Terra ecosystem. XDEFI integrating Terra provides LUNAtics with one of the fastest and most user-friendly multi-chain wallets in the industry, including a customizable NFT display which is soon to feature Terra\u2019s booming NFT market.\u201d<\/p><\/blockquote>\n