List $LUNA as Collateral Asset on Ethereum

Summary

I propose to add $LUNA to CREAM for lending and borrowing.

For

Add $LUNA to CREAM

Against

Do nothing

Motivation

LUNA is the native token of the Terra blockchain. Terra is the #3 blockchain in terms of on-chain fees right behind Bitcoin and Ethereum. It grew by a lot (+3000%) since the start of 2021 and now entered the Top-20. Besides that, Terra has real usage and adoption; it serves over 2.5M users with applications running on top of it: CHAI, Mirror and Anchor.

Background

Website: https://terra.money
Forum: https://agora.terra.money
Twitter: https://twitter.com/terra_money
Telegram: https://t.me/TerraLunaChat
Telegram ANN: https://t.me/terra_announcements
Discord: https://discord.com/invite/TYCdya8
CoinGecko: https://www.coingecko.com/en/coins/terra-luna

Specification

ERC-20 Contract Address (Wrapped LUNA): https://etherscan.io/token/0xd2877702675e6ceb975b4a1dff9fb7baf4c91ea9

1 Like

Thoughts? Ideas? Feedback?

We can discuss here and afterwards we post it to Snapshot for voting.

great proposal, fully support it

$LUNA could be added to Cream Ethereum as well as to Cream Binance Smart Chain

Terra Bridge just went live to bridge assets from Terra to Ethereum and BSC (https://twitter.com/terra_money/status/1372760157101334530).

Terra Bridge: https://bridge.terra.money