2/11 Most protocols require a DEX with sufficient liquidity, so that comes first.
At this very moment, 4 DEXes are racing to be the first to launch on Terra 2.
@PhoenixFinan, @Astroport_fi, @Terraswap_io, and possibly the Prism Swap DEX by
@Prism_Protocol.
3/11 Keep an eye on those Twitter accounts to see who wins the race.
Once we have a DEX, a stablecoin will be crucial. Sounds like USDC via
@Axelarcore bridge is a possibility.
According to high-level convos, native USDT is also a possibility. 👀
4/11 (For those who are loath to use a fiat-backed stable, keep in mind that a new decentralized stable could be easily developed in the future.
UST taught us many lessons, and we can improve.
Innovative small-scale algo-stable or collateralized stable are possibilities.)
5/11 Simultaneous with the launch of DEXes will be liquid staking providers.
@StaderLabs, @Prism_Protocol, and the new
@Eris_Protocol are all vying to give you a liquid staking derivative of LUNA.
6/11 As DEXes are launching and accumulating liquidity, we will probably see NFT activity emerge.
@RandomEarth_io, @Knowhere_art, and the innovative new
@Soil_Protocol to support Terra 2.
I sense a strong potential for Terra 1 commemorative NFTs.
7/11 Once DEXes are in place with stables and liquidity - then the real fun begins.
Terra 2 becomes a Cosmos DeFi Hub, with a powerful suite of DeFi tools.
@Nebula_Protocol, @Sig_Finance, @Prism_Protocol, @Anchor_protocol, @EdgeProtocol, and
@Mars_Protocol.
8/11 Nebula lets you package assets into clusters, similar to ETFs. Buy a self-rebalancing crypto index, and use it as collateral, too.
Sigma lets you write options on any crypto asset. Also, provides options vaults, which generate organic yield.
9/11 Prism lets you separate the principal and yield components of yielding assets. Currently only perps, but maturities under development. Maturities create the yield curve for yielding assets, a first in crypto.
And a trio of money markets set to launch as well.
10/11 Once this DeFi suite is running, Terra 2 will be the only place in Cosmos for: options, indexes, maturities, and will have several different money markets to choose from.
Expect to see many synergistic integrations within the Terra 2 DeFi suite.
11/11 Now you know roughly what to expect from Terra 2 in the next 3 months.
Thread is informed speculation, not a guarantee. Watch protocol Twitter feeds for specific details.
Several projects skipped for brevity.
Comment about all the other awesome Terra 2 projects. (: