XDEFI Wallet Unveils Integration with Terra and Announces Liquidity Program on Pylon Protocol to Support The Terra Ecosystem -Breaking
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XDEFI Wallet reveals Integration with Terra and Announces a Liquidity Program via Pylon Protocol in Support of The Terra EcosystemXDEFI Wallet is a browser wallet that’s optimized for speed. Today, it announced its integration with. This 4th largest ecosystem in blockchain by total value locked (TVL). Although the integration had been live for a few weeks, and was still in testing, all XDEFI Wallet customers now have it.
Émile Dubié, CEO and co-founder, said “I 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 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.”
Terra, a Layer 1 programmable blockchain protocol, offers a range of fiat-pegged stablecoins. Terra’s native LUNA token absorbs the short-term volatility of Terra’s stablecoins. DeFiLlama reports that Terra holds more than US$8.6 Billion in TVL. Earlier this year, LUNA (the native asset of Terra’s blockchain), hit US$18.4 billion. Over 60 projects are ready to launch on Terra in the next 6 – 8 weeks and over 100 have recently stated plans to launch by early 2022.
Do Kwon is the CEO and co-founder of Terra.
“We’re 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’s booming NFT market.”
XDEFI Wallet also supports Terra. It can support 8 additional chains:,., Polygon and Binance Smart Chains, Binance Chains, THORChains, THORChains, THORChains, and. XDEFI Wallet will soon support, Arbitrum, among others.
XDEFI Wallet has also stated that Pylon will work with them to create a Terra liquidity program. Pylon is a suite of DeFi savings and payments products powered by user deposits that build on stable yield-bearing protocols such as Terra’s Anchor Protocol. Pylon allows for long-term, sustainable trades between long term value providers with their customers through customized deposit contracts and yield redirection.
Woojin Li, co-founder and CEO of Pylon Protocol said:
“Our protocol is excited to partner with XDEFI Wallet to open up Pylon Pools on Pylon Gateway, Terra’s premier launchpad, and introduce yield-based deposit contract pools. We’re looking forward to working together in growing Terra’s ecosystem.”
Pylon will raise half of all funds to finance early stage projects in the Terra ecosystem. Voting will allow the community to decide how funds should be distributed.
XDEFI Wallet has been backed by a variety of DeFi-centric funds, venture investors and have recently raised US$6M through Mechanism Capital, DeFiance Capital and Sino Global Capital.
XDEFI Wallet released the first-generation browser client wallet for the Chrome Store this month. The product has received over 35,000 user reviews to date. {Add info about IDO}
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