Terra would provide over $139 million in UST and LUNA to several leading DeFi projects on Ethereum, Solana, and Polygon to encourage interchain usage of the stablecoin.
Decentralized finance liquidity provider and market maker Tokemak on Ethereum would receive a $50-million deposit in UST for at least six months if the proposal passes.
Permissionless lending and borrowing platform Rari Fuse would receive $20 million in UST for six months. The funds would be deposited into three pools on Fuse to help UST become the “cheapest stable to borrow” on Fuse.would receive $18 million for six months. Terra would inject greater LUNA incentives for liquidity providers in several pools across the platform that use UST. Convex is one of the largest DeFi yield aggregators with a market capitalization of $1.9 billion.
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