Terra Assets Crossing Over To BeethovenX! (Fantom Chain)

Over on BeethovenX, a Fantom DEX, there are some new and interesting pools that users can invest in. Interesting because some of the assets in the new pools are tokens of the Terra ecosystem.

Clair de Lune

Clair de Lune started out less than a week and has a composition of 25% wrapped FTM, 50% wormhole Luna and 25% wormhole UST. For those who don't know wormhole is a protocol to move Terra assets onto other chains as a form of wrapped token equivalent only that its not called wrapped but wormhole.

To make the conversion of Luna and UST to respectable wormhole assets is quite easy. Over on bridge.terra.money you would bridge liquid Luna or UST onto Fantom as wormhole version of the asset. Once on Fantom Opera wallet such as Metamask you basically can deposit into BeethovenX's Clair de Lune pool and earn over 60% APR in Beets tokens. On top of that earn UST on a daily basis!

This is the daily rewards for those who participate in the pool.

My Beautiful Dark Twisted Decentralized Dollar

Another pool related to the Curve war is nicknamed the 4pool which has become very popular. This is where four stable coins combine together to make a pool. The pool yield's close to 20% APR but what is also great is that the rewards come in three tokens. Beets, Fraxs and UST.

The pool also open within the past week and consists only stable coins includes yearn finance USDT, FRAX, and USDC. Of course this is news because the fourth asset in the pool is no other than stable coin UST.

Conclusions

4pool stable coins already ranked 8th in TVL on Beethoven while Clair de Lune is 14th. The pools are not even up a week yet and demand for Terra assets on Fantom Opera is sizable. BeethovenX as a whole protocol has close to 400 million TVL.

As UST grows in different blockchains so will the value of Luna as it influences more chains across the cryptocurrency ecosystem. These new pools on BeethovenX is proving that Terra chain is spreading in a positive way across multiple chains.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!
CubDefi = LEO Finance's Defi with CUB Token