9 months ago
Date: 02 May 2022 - 14:54

Flux and Terra will collaborate to integrate their ecosystems and deliver users the best of Web3. The cooperation will focus on deep integration leveraging the ecosystemsrsquo respective strengths Fluxnbspwrote on their Medium page.nbspBuilding the internet of the futurenbspFluxrsquos goal is to make the required resources and infrastructure available to developers to deploy their dApps on Web3 seamlessly.nbspAccording to Terrarsquos whitepaper it aims to become the first stable platform and usable currency on the blockchain achieving decentralization for merchants mainstream users and developers.By collaborating Terra is one step closer to its goal of achieving full decentralization in transitioning to Web3. Flux will also make progress by adding Terrarsquos stateoftheart applications to its decentralized infrastructure.nbspComponents of the collaborationIn the beginning the Flux and Terra collaboration will include the development of Terra on the Flux ecosystem. The Flux token will launch on the Terra blockchain correspondingly.nbspThe Flux ecosystem uses tokens on other blockchains to make the Fusion crosschain bridge possible. It has improved access to DeFi as a result.nbspZelcore the official wallet and blockchain app suite of Flux will support not only Luna but also KRW UST SDT and other Terranative tokens. Support for many CW20 tokens will be integrated too.nbspDirect access to centralized exchangesnbspAll tokens available on the Zelcore backend can be exchanged or imported. The suite offers direct access to Binance FTX Kraken and other centralized exchanges.nbspFlux CSO Daniel Keller commentedThe entire Flux team is looking forward to working with Terra. I have a lot of respect for the Terra team. They set a clear goal and vision for themselves and theyrsquore delivering on that vision with great dedication. I love their approach to DeFi and all the great opportunities their ecosystem provides for everyone in the blockchain space. Irsquom excited to think about the great potential of working with them and integrating our respective ecosystems. And Irsquom most of all happy that Flux can help them decentralize by deploying their applications on our powerful network of Flux Nodes. Flux has found a new friend and ally in the quest to bring Web3 to the masses. I think itrsquos fair to say that the future for Web3 looks brighter as every day goes by.nbspThe post Flux and Terra collaborate to integrate ecosystems appeared first on Coin Journal.

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A 600page document proposes changes to the definition of an exchange that could extend to include DeFi protocols.

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