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The Composers #13 - Terra

Welcome to The Composers, Serum's new podcast series based on our weekly Twitter Spaces. Who is composing with Serum to deliver the next generation of decentralized finance (DeFi) services? This week, we are joined by Terra, built to lead decentralized and open-source public blockchain protocol for algorithmic stablecoins. Using a combination of open market arbitrage incentives and decentralized Oracle voting, the Terra protocol creates stablecoins that consistently track the price of any fiat currency. Users can spend, save, trade, or exchange Terra stablecoins instantly, all on the Terra blockchain. Luna provides its holders with staking rewards and governance power. If you enjoyed this video, follow Project Serum on YouTube for more! Timestamps: 0:00 Introductions 00:58 What is Terra? 03:02 Decentralized economy needs decentralized money 05:25 Short term and long term goals for UST 08:39 Ecosystem applications on Terra 12:53 Anchor, How does it work and sustainability 15:52 Fintech on the front / DEFI in the back approach 19:13 Multichain future 23:18 innovation on NFT, metaverse and gaming 25:30 Convergence Ideas 29:05 Tips for the hackathon participants Learn more about Serum: https://linktr.ee/projectserum Learn more about Terra: https://www.terra.money/ Speakers: https://twitter.com/0xwagmi / http://twitter.com/octalmage https://twitter.com/terra_money Follow Project Serum Twitter: https://twitter.com/ProjectSerum