Themis announced partnership with Terra

Themis announced this Wednesday, January 19, through its Twitter account, its new association with Terra, contributing USD 10 million in liquidity to the Themis protocol.

Image about Themis post on Twitter

“When protocols and projects within the ecosystem collaborate to build something bigger, they fit together and strengthen the entirety of DeFi. That is why we are launching a new series of articles announcing partnerships and integrations with other projects that help build this great decentralized digital world we live in. The first is Terra”, he said through an article published on the Medium platform.

According to the firm, between the industry-leading decentralized stablecoin $UST, its vibrant smart contract platform, its thriving cross-chain DeFi environment, and its synthetic assets, the Terra ecosystem is booming.

In addition, he assured that Terra believes in Themis so much that they have decided to add $10 million in $UST to their loan liquidity pool.

Also read: Geode Finance announced partnership with Saddle Finance

About Terra

It is a public blockchain protocol that implements a set of algorithmic decentralized stablecoins that support a thriving ecosystem that brings DeFi to the masses.

“The Terra Protocol is a network of open source stablecoins controlled by its stakeholders. More demand for Terra stablecoins (UST) = more value capture by LUNA, Terra’s decentralized reserve asset”, he added.

About Themis

The company explained that with Themis, you will be able to receive a loan using your Uniswap v3 NFTs as collateral, something that no other protocol currently offers.

This way, your liquidity will stay in the pool generating returns while unlocking additional value to use as you wish – the ultimate lego of money!

In his view, in addition to collateralizing his NFTs, Themis allows him to lend, farm and even bid on liquidated positions at a Dutch auction. Themis collateralized NFTs will offer much more utility than just Uniswap v3 soon.

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