In Brief:
- XDEFI Wallet announced its joint venture with Terra, the 4th largest blockchain ecosystem by total value locked (TVL).
- In a series of tweets, XDEFI also informed about its integration with Orion and Anchor protocol.
- To organically introduce $XDEFI tokens into the Terra ecosystem, XDEFI will set up a liquidity program on Terra with Pylon.
On Thursday, XDEFI Wallet, the quick wallet built for speed, announced its joint venture with Terra which is the 4th largest blockchain ecosystem by total value locked (TVL).
Although Terra has been live for quite a number of weeks and undergoing testing, it is now live to all XDEFI Wallet users.
Expecting UST to be a key component of the crypto ecosystem, Émile Dubié, CEO and co-founder of XDEFI said, “It is truly exciting to see how Terra has developed as a Layer 1 and to see projects flourishing around UST.”
Riding high on success, XDEFI informed about its integration with Orion and Anchor protocol to bring in their protocols within the wallet. As their tweet-thread read, “The goal is to allow users to stake $UST easily, contribute to its adoption and earn yield inside their XDEFI Wallet.”
XDEFI Wallet also announced their integration with Pylon to set up a liquidity program on Terra. The program is designed to organically introduce XDEFI tokens into the Terra ecosystem. The program aims to support debut projects on the Terra ecosystem and allow this group some governance opportunities as to the types of projects selected.
Speaking of Pylon, it is a suite of DeFi savings and payments products powered by user deposits that are built on stable yield-bearing protocols such as Terra’s Anchor protocol. Pylon assists in sustainable exchanges between long-term value providers and their consumers; this is done through customizable deposit contracts and yield redirection.
On the other hand, XDEFI stands as the world’s fastest DEFI and NFT Wallet. With its groundbreaking “Ape Mode”, transactions are processed in the next block, across Ethereum, THORchain, Terra and also EVM blockchains.
Not just Terra, XDEFI also supports eight more blockchain networks including Bitcoin, Ethereum, Binance Smart chain, Binance Chain, THORChain, Litecoin, Bitcoin Cash, and Polygon. It has also expressed the desire for future collaboration with other blockchains like Solana, Avalanche and Arbitrum.
DeFi services are gradually advancing towards mass adoption. Incidentally, in September, 1inch had integrated with BitPay Wallet so as to give access to user’s best deal across multiple liquidity resources. Thus, making it easy for both DeFi and users!
