$LUNC THE UTILITY WAR
CHAPTER 07
THE DeFi OPPORTUNITY
We have infrastructure, We have applications, We have cross-chain connectivity.
Now comes the bigger question, Champs:
CAN TERRA CLASSIC TURN ALL OF THIS INTO FINANCIAL ACTIVITY?
For clarity sake, DeFi can create real reasons to use a blockchain:
Via Swaps, Liquidity, Lending, Trading, Yield and Cross-chain finance
#Terra_Classic already has DeFi applications and CosmWasm smart-contract infrastructure.
But here's the uncomfortable part, Champs
Having DeFi products ≠ having a strong DeFi economy.
Current on-chain DeFi liquidity remains small, with recent data putting #Terra_Classic's TVL around the $1M range and daily DEX volume in the thousands of dollars.
So the opportunity is not simply to
BUILD MORE DeFi.
But It's to
BUILD, ATTRACT LIQUIDITY, ATTRACT USERS, CREATE ACTIVITY, GENERATE FEES AND RETAIN USERS
And that is the DeFi flywheel, Champs.
#LUNC #USTC #TerraClassic #DeFi