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Community Update — December 2023
Looking back on the last month of 2023, we saw the Terra ecosystem moving into the spotlight. The Terra Delegation Committee was formed, AllianceDAO successfully launched with incredible NFT artwork, and Enterprise DAO and Station Wallet added support for a plethora of new chains. After taking a breather over the holidays, the LUNAtic community is ready to conquer 2024!
Let’s dive into everything that happened within the Terra ecosystem in December 👇
🌎 Ecosystem Updates
- The first Terra Delegation Committee (TDC) was formed to guide TFL’s LUNA stake received from the TFL Community Grant.
- Ura launched XP rewards, which can be earned by swapping, providing liquidity, and delegating to Ura’s Terra validator to qualify for a veURA airdrop allocation.
- AllianceDAO released its backstory with 10 top-secret planetary dossiers leading up to the AllianceDAO launch and the start of the NFT claim period. Make sure to claim your NFT until January 12th if you participated in the Game of Alliance! 🪐
- Lusa, the water planet.
- Ozara, the mysterious desert planet.
- Sindari, the fire planet.
- Kita, the land of eternal winter.
- Zando, the jungle planet.
- Crutha, the rock planet.
- Pampas, the meadow planet.
- Minas, where mining is a way of life.
- Gredica, where dangerous flowers encircle the globe.
- Cristall, where amethysts grow like mountains. - Cavern Protocol was busy building, updating its web app and libraries, integrating new wallets, and simplifying the onboarding flow.
- Astroport reached a new high of $18M in trading volume, with Terra contributing close to 40%.
- Levana introduced the upcoming Levana token (LVN) launch and airdrop.
- TFL deployed another $450K in liquidity to the DYDX/LUNA pool on Ura to enable swapping in and out of these assets on Terra with ease.
- Warp Protocol shared how the Enterprise team used Warp jobs to seamlessly migrate existing DAOs during the Enterprise DAO v2 upgrade.
- Astroport published Astro(re)port #8, covering the biggest protocol news from November.
- Ura and Capapult (now Solid) launched two Dual-Incentives pools (CAPA/LUNA, and SOLID/axlUSDC), earning LPs both Ura XP and CAPA rewards.
- AllianceDAO launched a Telegram channel for DAO members. Remember to claim your NFT by January 12th, 2024 at 2:55 pm UTC 🖼️
- Stader extended the date for unstaking LunaX on Terra via their dApp to January 31st, 2024. All maintenance activities, including auto-compounding and updating the exchange rate, have concluded.
- Participate in the Ark Protocol NFT testnet to help test Ark ahead of launch and earn a free POAP and whitelist spot for their upcoming NFT collection.
- Solid (previously Capapult) announced the winners of the Solid Rebranding Contest 🏆
- The AllianceDAO NFTs were integrated into the Necropolis NFT marketplace, powered by BackBone Labs.
- The congestion on the Terra network due to an “inscription” mint was resolved quickly by the TFL Core Team in close coordination with Terra validators. To mitigate similar future issues, the team is exploring a dynamic fee model.
🏦 Governance Updates
- The Enterprise team published two proposals to enable Enterprise DAO on Osmosis and Stargaze. Both passed with over 98% in favor.
🤝 Integrations & Listings
- Station added support for dYdX, Celestia, and Stargaze, allowing Station users to send, receive, and swap tokens, connect to apps, stake, and vote on governance proposals on these chains.
- Pulsar added support for Alliance assets across Terra, Migaloo, and Carbon.
- Pulsar also added support for Capapult, allowing users to track all of their positions in a single place.
- Enterprise DAO added support for Juno, Neutron, Stargaze, and Osmosis, enabling DAOs to create and deploy cross-chain treasuries on these chains.
🎥 Media Features
- @galactic_punks hosted a ‘Punk FM’ space on Dec 1st to chat about the Galactic Punks DAO’s future direction on Terra.
- @terra_money hosted Talking Terra with TFL on Dec 7th to discuss some of Terra’s latest developments. (TerraSpaces recording here.)
- @The_AllianceDAO celebrated the AllianceDAO launch on Dec 12th with an NFT mint party. (TerraSpaces recording here.)
- @enterprise_dao invited Juno team members on a space on Dec 18th to talk about Enterprise DAO cross-chain treasuries on Juno. (TerraSpaces recording here.)
- @The_AllianceDAO hosted its first community town hall on Dec 20th to discuss the launch, Alliance rewards, goals, and more. (TerraSpaces recording here.)
🎧 Follow TerraSpaces Audio Vaults on Apple Podcasts, Spotify, and Google Podcasts to listen back to previous Terra community Twitter Spaces.
✏️ Community Post Highlights
- @mc_ust shared a thread on TFL’s Terra liquidity deployment (worth over $17M in blue chip assets) on Astroport, Ura, and White Whale.
- @lunatic317 discovered a surge in activity on Terra and shared @fleece_cannon’s Cosmosverse Keynote covering what’s being built on Terra.
- @0xham3d_eth published an analysis covering TFL’s recent liquidity injection into Ura and increased activity on the DEX.
- @MrRefractor reminded everyone that the popular “Liquid Restaking” narrative is already here on IBC-connected chains via the Alliance module.
- @orbital_command shared a graphic showing the ~300% TVL growth on Terra over the last month due to TFL’s liquidity deployments.
- @TheRyanLion explained the AllianceDAO NFT rewards mechanism and utility, alongside some NFT artwork 🔥
- @Rebel_Defi reminded the community to claim their AllianceDAO NFTs.
- @oracles summarized the key takeaways from TFL CEO Chris Amani’s Cosmoverse Keynote in a thread.
- @Rebel_Defi shared insights about how to put your assets to work on Terra.
- @orbital_command published another Terra Weekly, aggregating all the happenings within the Terra ecosystem, including the launch of AllianceDAO and DeFi updates on Terra.
💬 Closing Note
As we bid farewell to 2023, let’s celebrate the achievements, partnerships, and milestones that helped shape this remarkable year. The Terra community has truly come together to build something extraordinary, and with so much more on the horizon, we’re poised for a promising and eventful 2024 🌖
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Until next time!
Additional Resources
The future of Web3 is being built on Terra — take full advantage of it:
- Explore projects building in the Terra ecosystem
- Build on Terra using Terra’s robust, open-source development suite
- Join the LUNAtic community on a variety of platforms
- Read the Terra Docs to discover all things Terra
- Visit Terra.money to browse other helpful resources
Community Update — December 2023 was originally published in Terra on Medium, where people are continuing the conversation by highlighting and responding to this story.
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