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The $10 Million Arm Of Terraform Labs Will Back DeFi Projects On Ethereum
Summary: Terraform Labs, the team behind the stablecoin project Terra, announced the launch of Terraform Capital, a strategic investment fund seeded with $10 million, to support the DeFi project on Ethereum and stack value to the Terra ecosystem. The qualified projects must integrate Terra assets, LUNA, TerraUSD, mAssets or any other inter-chain stablecoin in a meaningful ...
Terraform Labs, the team behind the stablecoin project Terra, announced the launch of Terraform Capital, a strategic investment fund seeded with $10 million, to support the DeFi project on Ethereum and stack value to the Terra ecosystem.
The qualified projects must integrate Terra assets, LUNA, TerraUSD, mAssets or any other inter-chain stablecoin in a meaningful way. The Terraform Capital Committee will determine the most promising projects once every two weeks.
The selected project must undergo a security audit, a team of experts from Quantstamp, Sennl, Solidified, and Cryptonics, etc. to complete the audit within two weeks.
By Mary Liu
Tags: DeFi,Ethereum,LUNA,mAssets,Stablecoin,Terraform Capital,Terraform Labs,TerraUSD
Link: The $10 Million Arm Of Terraform Labs Will Back DeFi Projects On Ethereum [Copy]
