Polygon, Juno and Fantom blockchains are trying to atract Terra-based projects, following the collapse of its ecosystem.
Last week, the collapse of the TerraUSD (UST) stablecoin led to a knock-on effect of a 99.9% price crash for its related token Luna (LUNA). During the incident, the network was halted twice to stem the bleeding and while it has been restarted, several on-chain functions are still disabled. The incident led to the total value of assets on Terra falling from over $31 billion to around $400 million, នេះបើយោងតាម ទៅ DeFiLlama ។
Facing a major liquidity crunch, some developers behind Terra-hosted applications have packed their bags for other chains. Among those who decided to close down their Terra protocols included various NFT and DeFi-based projects like គូហ្គីរ៉ា, មន្ទីរពិសោធន៍ Stader, LunaBulls, LunarFlip, and Hero NFT.
In response to this migration, blockchain teams are making bids to attract these developers by offering them supportive capital and other resources.
Ryan Wyatt, CEO of Polygon Studios — the NFT, gaming, and metaverse arm of Polygon — បាននិយាយថា: នៅលើ Twitter នោះ his team was closely collaborating with Terra-based projects to help them migrate to its chain.
“We will be putting capital and resources against these migrations to welcome the developers and their respective communities to our platform,” Wyatt stated.
Polygon wasn’t the only blockchain that appealed to developers building products in the Terra ecosystem.
Juno, an interoperability-focused smart contract network, introduced a new governance សំណើរ asking approval for incentives for 1 million JUNO tokens ($7 million) for Terra projects who wish to move their apps. Juno’s proposal notified that several Terra projects had expressed interest in migrating to Juno Network. Juno’s blockchain shares similarity with Terra’s technical architecture as both of them rely on the Cosmos SDK (the code used by projects in the Cosmos ecosystem).
The Fantom blockchain also បានប្រកាស that it is offering grants, marketing and ecosystem connections to Terra projects looking for a new blockchain.
Beyond this, representatives and founders from other blockchains — Regen Network, FetchAI, ស្តាហ្គូស និង ពិធីសារចាក់ — have also encouraged migrating Terra-based projects to consider their chains.
សម្រាប់រឿងរ៉ាវបែកបាក់ជាច្រើនទៀតសូមប្រាកដថាធ្វើតាម The Block on Twitter.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
Source: https://www.theblockcrypto.com/post/147037/polygon-juno-and-fantom-blockchains-try-to-lure-terras-projects?utm_source=rss&utm_medium=rss