Algorithmic money market Terra will provide liquidity for TerraUSD trade pairs on decentralized finance exchange SynFutures, as per a release shared with CoinDesk. By shauryamalwa
Algorithmic money market Terra will provide liquidity for TerraUSD trade pairs on decentralized finance exchange SynFutures, as per a release shared with CoinDesk.
SynFutures is accessible via Polygon, Binance Smart Chain, and Arbitrum, and processed over $266 million in trading volumes over the past week,. The protocol is backed by major crypto investors, such as Polychain Capital and Pantera, among others. As of Wednesday, users can trade a variety of assets against USD Coin , FRAX, and wrapped ether . The upcoming UST pairing would allow users of both ecosystems to gain access to newer markets and trading opportunities.
The announcement comes as the Terra ecosystem sees explosive growth with both UST and LUNA seeing increased activity. UST is currently the crypto market’s largest decentralized stablecoin by capitalization. It is backed by both
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