The Terra Classic community is achieving extraordinary things. $SPYx, a tokenized version of the S&P 500 stocks, can now be traded on the Terra Classic chain. A significant portion of transaction fees continues to be burned in the form of $LUNC and $USTC .
You can trade through the $SPYx / $USDC pair on LSF Exchange (LUNCSwapFun). A tokenized version of the MSCI index is reportedly also set to be listed soon. Additionally, shares of major companies such as Tesla, SPCX, and Google will soon be available to trade on the Terra Classic chain.
How does this work? For the first time, exposure to real-world stock markets—bridged from the Ethereum chain by Payward and Kraken through xStocksFi—is being brought to the Terra Classic chain. It is worth noting that no burn mechanism applies to the bridged assets themselves; however, the transaction fees paid continue to be burned. This development is expected to further increase the burning of $LUNC $USTC
and $USTC .
You can trade through the $SPYx / $USDC pair on LSF Exchange (LUNCSwapFun). A tokenized version of the MSCI index is reportedly also set to be listed soon. Additionally, shares of major companies such as Tesla, SPCX, and Google will soon be available to trade on the Terra Classic chain.
How does this work? For the first time, exposure to real-world stock markets—bridged from the Ethereum chain by Payward and Kraken through xStocksFi—is being brought to the Terra Classic chain. It is worth noting that no burn mechanism applies to the bridged assets themselves; however, the transaction fees paid continue to be burned. This development is expected to further increase the burning of $LUNC $USTC
and $USTC .