[Archived Upload from January 2022]

TerraLuna, the ultimate lock & key I’ve been looking for.

My passion for commerce + interest in blockchain has lad me to forming one of my highest conviction bets on the Terra Ecosystem. What’s unique here is the dual-pronged approach for stable payments on Terra via UST and the ability to participate in the upside via the burn mechanism of Luna. I personally don’t believe in maximalism but it seems like TFL has concocted an ecosystem that is impossible to ignore. Earn 20% on your savings with Anchor and spend in real—life with stablecoins on Kado.

The only issue with living in stablecoins is getting to the promised land, is getting to Terra Station. Because of the DeFi layers, multiple swaps must be done which incur heavy gas fees since we’re using Ethereum as our gateway. A better fiat on/offramp would remove the need to even buy Ethereum on Coinbase and go through the swap headaches. You could however buy Luna on Voyager, but it’s a terrible platform.