• XDEFI Wallet announces Terra integration and a liquidity program based on the Pylon Protocol to support the Terra ecosystem

  • XDEFI Wallet, the browser wallet designed for speed, announced today its integration with Terra, the fourth largest blockchain ecosystem in terms of total value locked in (TVL). While the integration was live for a few weeks and was being tested, it is now available to all XDEFI Wallet users.

    “I believe that UST serves a unique purpose as a decentralized stablecoin and will become a key component of the crypto ecosystem,” said Émile Dubié, CEO and co-founder. Terra’s killer app is its user-friendly and UX-focused environment, which caters to broader web3 adoption. It’s really exciting to see Terra develop as a Layer 1 and to see projects spring up around UST.”

    Terra is a programmable Layer 1 blockchain protocol that provides a stablecoin suite backed by algorithmic fiat. Terra’s native LUNA token absorbs Terra’s stablecoins’ short-term volatility. According to DeFiLlama, Terra has over US$8.6 billion in TVL, and LUNA, the Terra blockchain’s native asset, reached US$18 billion earlier this year. Over 60 projects are ready to launch on Terra within the next 6–8 weeks, and over 100 have recently announced plans to launch by early 2022.

    “We’re thrilled to welcome XDEFI as a non-custodial wallet supporting the Terra ecosystem,” said Do Kwon, CEO and Co-Founder of Terra. XDEFI’s integration with Terra provides LUNAtics with one of the industry’s fastest and most user-friendly multi-chain wallets, including a customizable NFT display that will soon feature Terra’s thriving NFT market.”

    XDEFI Wallet also supports the following chains: Bitcoin, Ethereum, Polygon, Binance Smart Chain, Binance Chain, THORChain, Litecoin, and Bitcoin Cash. Avalanche, Arbitrum, Solana, and other operating systems will be supported by XDEFI Wallet in the future.

    XDEFI Wallet also announced that they will be collaborating with Pylon to establish a Terra liquidity program. Pylon is a DeFi savings and payments product suite based on user deposits and based on stable yield-bearing protocols such as Terra’s Anchor Protocol. Through customisable deposit contracts and yield redirection, Pylon enables long-term value providers and their consumers to engage in sustainable exchanges.

    “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,” said Woojin Lim, Co-Founder of Pylon Protocol. We’re excited to collaborate on improving Terra’s ecosystem.

    Half of the funds raised through Pylon will be used to fund early-stage Terra ecosystem projects. The community will have the opportunity to vote on how the funds should be distributed.

    XDEFI Wallet is supported by a number of DeFi-focused funds and venture investors, including Mechanism Capital, DeFiance Capital, Alameda Research, Sino Global Capital, Animoca Brands, Morningstar Ventures, and CoinGecko, as well as DeFi builders such as Darren Lau, Mark Zeller, Scoopy Trooples, and Mariano Conti.

    Earlier this month, XDEFI Wallet announced the public release of its next-generation browser wallet on the Chrome Store, with over 35,000 users to date. Include information about IDO.

    XDEFI Wallet Information

    XDEFI is the fastest DeFi and NFT wallet in the world. Users of the XDEFI Wallet can use “Ape Mode,” a revolutionary approach that ensures transactions are processed in the next block on the Terra, THORchain, Ethereum, and EVM blockchains. In addition, the wallet displays NFTs from all chains in a single drag-and-drop grid. The XDEFI Wallet team of around 20 people is based all over the world and is backed by the biggest names in DeFi and NFTs.

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