{"id":391001,"date":"2022-01-07T22:00:00","date_gmt":"2022-01-07T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/"},"modified":"2022-01-07T22:00:00","modified_gmt":"2022-01-07T19:00:00","slug":"finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/","title":{"rendered":"# Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31\u2013Jan. 7"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41a2c71279b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41a2c71279b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/#Terra_Research_proposes_new_utility_for_TerraUSD_and_LUNA\" >Terra Research proposes new utility for TerraUSD and LUNA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/#New_service_Aave_Arc_aims_to_enhance_institutional_adoption_in_DeFi\" >New service Aave Arc aims to enhance institutional adoption in DeFi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/#WonderFi_acquires_parent_company_of_Bitbuy_for_162M\" >WonderFi acquires parent company of Bitbuy for $162M<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\/#Token_performances\" >Token performances\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31\u2013Jan. 7  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Welcome to the latest edition of Cointelegraph\u2019s decentralized finance <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter.<\/p>\n<p>The new year is upon us, and the expectations for DeFi innovation, utility and mainstream adoption are greater than ever. Read on to hear about the inaugural stories of 2022.<\/p>\n<p>Reading this article, you&#8217;re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Terra_Research_proposes_new_utility_for_TerraUSD_and_LUNA\"><\/span>Terra Research proposes new utility for TerraUSD and LUNA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Decentralized algorithmic stablecoin issuer Terra published an ambitious proposal via its research team this week to expand the interchain deployment of its TerraUSD (UST) stablecoin across five projects on Ethereum, Polygon and Solana.<\/p>\n<p>Titled \u201cUST Goes Interchain: Degen Strats Part Three,\u201d the lengthy governance post extensively detailed the methods and procedures in which Terra\u2019s native token, LUNA, and $139 million of TerraUSD (UST) could be deployed to \u201cbring awesome UST use-cases to Ethereum DeFi.\u201d<\/p>\n<p>In the proposed strategy, which has gained 3,500 views and six replies from community members who self-titled themselves Lunatics, Terra would deposit between $250,000 and $50 million in UST in a bid to boost the stability of each of the new partner projects. It is expected that a community-led governance vote will occur in the near future to determine confirmation. <\/p>\n<p>DeFi liquidity provider and market maker Tokemak would receive $50 million in UST for a maximum of six months, and lending and borrowing platform Rari Fuse would receive $20 million in UST across the same period. Yield aggregator Convex Finance would receive $18 million, while OlympusDAO would get $1 million in UST bonds and $425,000 in LUNA incentives for three months.<\/p>\n<p>The distribution of UST across a plethora of projects will support Terra in accelerating quantitative ambitions such as that of its market capitalization within the stablecoin market. At the time of writing, Tether\u2019s USDT leads the way with <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately $78 billion, with Circle\u2019s USDC in second with $43 billion, followed by Binance\u2019s BUSD at $14 billion, and finally UST with a market cap of $10 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cBond $1m UST with Olympus and 3,3 the OHM forever\u201d<\/p>\n<p> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/eCDH9fG0Wt\">https:\/\/t.co\/eCDH9fG0Wt<\/a><\/p>\n<p>\u2014 OlympusDAO  (@OlympusDAO) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/OlympusDAO\/status\/1478939328407650305?ref_src=twsrc%5Etfw\">January 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a recent tweet, Terra founder Do Kwon divulged his ambitions to propel the network native asset UST to the forefront of the stablecoin market, ahead of stalwarts USD Coin, Tether and Binance USD (BUSD), among others. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"New_service_Aave_Arc_aims_to_enhance_institutional_adoption_in_DeFi\"><\/span>New service Aave Arc aims to enhance institutional adoption in DeFi<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Decentralized lending platform Aave announced the launch of its permissionless lending and liquidity pool, Aave Arc, this week with the ambition of fostering greater institutional participation in fully regulated and compliant decentralized finance services. <\/p>\n<p>Thirty organizations were granted primary whitelist entry to the service, including digital asset custodian Fireblocks, alongside Anubi Digital, Canvas Digital, SEBA Bank, GSR and crypto yield aggregator Celsius.<\/p>\n<p>Following the successful completion of prerequisites such as Know Your Customer and Anti-Money Laundering protocols, these firms will gain exclusive access to \u201csecurely participate in DeFi as liquidity suppliers and borrowers\u201d in a market that has soared 10 times in total value locked over exactly 12 months \u2014 from $30 billion to $300 billion.<\/p>\n<p>Aave CEO and founder Stani Kulechov shared remarks on the potential for the expansion of the DeFi market with the implementation of this new service, stating:<\/p>\n<blockquote><p>&#8220;DeFi represents a powerful wave of financial innovation including transparency, liquidity, and programmability\u2013and it\u2019s been inaccessible to traditional financial institutions for far too long. The launch of Aave Arc allows these institutions to participate in DeFi in a compliant way for the very first time.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Without staking, institutional crypto investors cannot escape inflation<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"WonderFi_acquires_parent_company_of_Bitbuy_for_162M\"><\/span>WonderFi acquires parent company of Bitbuy for $162M<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DeFi platform WonderFi Technologies agreed to purchase First Ledger Corp, the parent firm of the first regulated crypto exchange in Canada, Bitbuy, this week for an impressive $162 million in a bid to expand the presence of cryptocurrency and DeFi across the country. <\/p>\n<p>Backed by renowned billionaire investor Kevin O\u2019Leary, WonderFi detailed its method of funding the takeover through the issuance of 70 million new shares, paying $15.7 million in upfront cash in addition to $23 million in deferred cash via a vendor-take back note due in 12 months. Alongside this, the team stated that it was going to \u201cretain substantially all current Bitbuy employees and enter into employment agreements with key members of the management team.\u201d<\/p>\n<p>Established in 2016, Bitbuy became licensed by the Ontario Securities Commission as a fully regulated crypto exchange in Canada after last November. The platform has over 375,000 users who have transacted more than $3.4 billion. In May 2020, the Toronto-based exchange launched the world\u2019s first 1:1 Bitcoin deposit insurance scheme for its customers. <\/p>\n<p>Commenting on the importance of licensed marketplaces within the digital asset ecosystem, WonderFi CEO Ben Samaroo stated:<\/p>\n<blockquote><p>\u201cThe integration of Bitbuy\u2019s product suite will accelerate and expand the reach and scope that WonderFi can offer to the market, and will drive long-term growth and value for the company.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Kevin O\u2019Leary says his crypto holdings could reach 20% of his portfolio<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Token_performances\"><\/span>Token performances\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Analytical data reveals that DeFi\u2019s total value locked slightly decreased by 6.5% across the week to a figure of $131.8 billion, largely in line with the overall market downturn.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/9c06b762-8964-4622-b65e-b4f031d081da.png\"><\/figure>\n<p>Data from Cointelegraph Markets Pro and TradingView reveals that DeFi\u2019s top 100 tokens by market capitalization have mainly been bullish over<strong> <\/strong>the last seven days.<\/p>\n<p>Secret (SCRT) took the lead this week with 26.6%. Chainlink (LINK) grew by 24.2%, while Fantom (FTM) almost exactly replicated last week\u2019s gains with a further rise of 23.4%. Yearn.finance (YFI) and Dai \u2014 yes, the stablecoin \u2014 claimed fourth and fifth places this week with 8.2% and 0.03%, respectively. <\/p>\n<p><strong>Interviews, features and other cool stuff<\/strong><\/p>\n<ul>\n<li>DAOs are the foundation of Web3, the creator economy and the future of work<\/li>\n<li>3 key metrics show DeFi\u2019s TVL on the verge of a new ATH<\/li>\n<li>Oracle tokens turn bullish as blockchain projects focus on interoperability<\/li>\n<\/ul>\n<p><em>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us again next Friday for more stories, insights and education in this dynamically advancing space.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/finance-redefined-terra-expanding-ust-and-luna-and-aave-arc-seeks-institutional-adoption-dec-31-jan-7\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Finance Redefined: Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31\u2013Jan. 7 &#8221; Welcome to the latest edition of Cointelegraph\u2019s decentralized finance newsletter. The new year is upon us, and the expectations for DeFi innovation, utility and mainstream adoption are greater than ever. Read on to hear about the inaugural&#8230;<\/p>\n","protected":false},"author":1,"featured_media":391002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvODUyZjA0YmItNzkwZi00ZjczLThjYzQtZDE3MGFjNjBhMjY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[92664,74894,74983,74868,122378],"class_list":["post-391001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aave","tag-blockchain","tag-decentralization","tag-defi","tag-terra"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=391001"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/391002"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=391001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=391001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=391001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}