Terra: How UST Unlocks A New Class of DeFi Products & Yield Farming Opportunities
Do Kwon is the founder of Terra. He walks you through the major developments that are coming down the pipeline in the Terra ecosystem. Topics covered include the various dog coins that have been launched on Terra’s smart contracting platform, various stablecoin models that have been introduced, and a strong focus on UST and the risks inherent to it. We talk a bit about newly launched Defi products like Abracadabra and how UST and Magic Internet Money ($MIM) will stabilize each other for countercyclical action when the market expands or contracts. Do reveals a new product called Ozone, which will enable insurance and leveraged borrowing of stablecoin assets to then allow users to compound yield in ways they couldn’t do before.