Add Terra Blockchain to Curve ecosystem.
Primary use of Terra is Stablecoins; this is Curve’s relative strength and provides a unique opportunity for veCRV holders. The TVL of Terra has seen rapid growth (second only to Ethereum) and Curve can seize this opportunity to be a dominant protocol there.
Primary purpose of Terra is stablecoin use. This seems like an ideal place for Curve to excel at what it’s best at. I am not here to shill Terra. I just discovered it recently (maybe I’m out of touch, or a borderline ETH maxi), but the purpose of the blockchain seems to align with Curve’s strength (stablecoins). On Defi Llama, the Terra Blockchain is second in TVL only to Ethereum with a TVL of ~$18B (That’s more than Fantom and Solana combined!) If I understand correctly, this presents an opportunity for veCRV holders to collect additional fees and would serve the people using the Terra blockchain by providing Curve’s services to them.
More fees for veCRV holders.
If Terra Blockchain is highly successful without Curve, or an authorized fork of Curve, a formidable Curve competitor could emerge which could bridge to other networks and adversely affect existing fees.
According to Terra’s own reporting, over 2 million people use their services across multiple countries; these people would benefit from Curve’s highly efficient trading mechanism.
- Any new work will take resources and time away from other potential upgrades, enhancements, etc.
- If the authorized fork on Terra fails, it could adversely affect overall reputation of Curve
Post a link to your proposal if it’s already been created