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Blockchain developers are already creating new financial projects for Terra 2.0, although compensation for the first version of the blockchain has not been fully paid.
The new version of the Terra blockchain will receive its own decentralized exchange. At least, this is promised by the developers of the Phoenix Finance project. According to the announcement, the development of the new project will be engaged in native “Terra-developers, who for years have fully devoted themselves to the creation of DeFi.”
The developers claim that Phoenix Finance will become the flagship market maker based on Terra 2.0, but it is unclear what specific projects Phoenix Finance employees were previously engaged in.
It is expected that at the start the project will receive support for terra (LUNA) stablecoins (like USDC and USDT), tokens based on Terra 2.0, assets through cross-chain bridges (like bitcoin and ether) and others. Whether the Phoenix Finance project will be checked by well-known audit companies for flaws or shortcomings, the developers did not specify.
Earlier, the editors wrote that the blockchain developers of Terra began to leave the project. For example, the Terra Name Service (TNS) has announced the migration of .ust domains to Terra 2.0.
Recall that the Terra community still agreed to a new version of the failed Terra ecosystem, despite the initial skepticism. According to the details of the concept, as part of the “revival”, validators should reset the rules of the network, limiting the volume of UST tokens to 1 billion.
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