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LUNA Course Waving: Terra 2.0 Validator Presents Speculative Roadmap

 


The Terra 2.0 blockchain is less than a week old, but community members and network validators are already looking to the future with confidence.


The pseudonymous Terra Network Validator "Orbital Command" published a possible roadmap for the coming three months of Terra 2.0.


The first step is the introduction of a decentralized exchange ( DEX ) on the new blockchain. Orbital Command added that four DEXs are currently fighting to be the first to launch on Terra 2.0. These include the DEXs Phoenix Finance, Astroport, Terraswap and possibly Prism Protocol.


Once a DEX is launched on the blockchain, the next step should be the launch of a stablecoin. However, this does not mean that there will be another UST. It would be more likely that Circle's USDC would be bridged to Terra 2.0 via the Axelar Network. The USDT would also be a good option here, the validator added.

However, the validator also stated that “a new decentralized stablecoin could easily be developed in the future.”


“UST taught us a lot and we can improve. Innovative small-scale algorithmic stablecoins or secured stablecoins would be one possibility.”


Liquid staking providers are also to be introduced as soon as the DEX runs on the blockchain. Stader Labs, Prism Protocol and Eris Protocol already offer a liquid staking derivative of LUNA and could also offer the service on Terra 2.0.


In addition, non-fungible tokens (NFTs) should also become more important as DEX liquidity increases, Orbital Command said. RandomEarth, Knowhere Art and Soil Protocol have already pledged their support for Terra 2.0. "I see great potential for Terra 1 Commemorative NFTs," added the Validator. But who wants to invest in an NFT of a collapsed ecosystem ?


Once all these steps are in place, Terra 2.0 could become a Cosmos DeFi hub with a powerful suite of DeFi tools like the Anchor Protocol. The validator expressed confidence in the new chain's DeFi derivatives and money markets:


“Once this DeFi suite is up and running, Terra 2.0 will be the only place in Cosmos where users will have options, indices, maturities, and different money markets to choose from. Therefore, expect many synergistic integrations within the Terra 2 DeFi suite.”


Orbital Command stated that the roadmap is purely speculative and none of it has been confirmed by Terraform Labs.


LUNA course tumbling

Earlier in the week, Binance completed the first phase of the LUNA airdrop , which pushed prices higher until the end of May. However, a large part of these profits has already fizzled out again.


According to Coingecko , LUNA is already down 12% to $6.40. Since Tuesday's weekly high of $11.33, the price is down 43% and since the starting price a few weeks ago, the LUNA price has fallen a total of 66%.


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