XDEFI Wallet announces liquidity program on Pylon within Terra integration

XDEFI Wallet, a high-speed, scalable browser wallet, announced an integration with Terra (LUNA/USD), Invezz learned from a press release. By TVL, Terra is the fourth biggest blockchain ecosystem. The integration is now live to all XDEFI Wallet users.

Émile Dubié, CEO and cofounder of XDEFI Wallet, said:

LUNA absorbs Terra stablecoin volatility

Terra offers a suite of algorithmic fiat-pegged stablecoins. The programmable Layer 1 blockchain protocol’s native token absorbs short-term stablecoin volatility. Terra has over $8.6 billion in TVL, while LUNA reached $18 billion earlier this year. In the next 1-2 months, over 60 projects are ready to launch on Terra, to be joined by another 100 by early next year.

Do Kwon, CEO and cofounder of Terra, said:

XDEFI Wallet also supports Bitcoin (BTC/USD), Ethereum (ETH/USD), Polygon (MATIC/USD), and several other blockchains.

XDEFI to set up liquidity program on Pylon Protocol  

XDEFI Wallet will also set up a liquidity program within the framework of the Terra integration on Pylon, a suite of DeFi savings and payments products backed by user deposits building on Terra’s Anchor Protocol and other yield-generating protocols.

Woojin Lim, cofounder of Pylon Protocol, said:

Half of the funds raised via Pylon will be invested in early-stage Terra ecosystem projects. The community will vote on fund allocation.