Fireblocks started supporting dApps on the Terra protocol

Users of the custodial platform have invested $250 million in the Terra ecosystem in 3 days since the integration was launched

26.04.2022 - 15:45

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What’s new? Fireblocks, a digital asset custody platform, has announced that it has granted institutional access to DeFi in the Terra (LUNA) ecosystem. Fireblocks users can now securely access all the decentralized applications (dApps) built on the Terra blockchain. The sum of investments by the platform’s users in the Terra ecosystem has exceeded $250 million in 3 days since the integration was launched.

Source: Twitter.com

What is known about Terra? It is an open-source blockchain protocol for creating dApps ranging from DeFi and payment platforms to games and NFTs. The platform also issues algorithmic stablecoins: Terra USD, Terra KRW, and Terra SDT. The native blockchain token is LUNA.

What is known about Fireblocks? The company was founded in 2018 and offers institutional investors a platform for secure storage of funds, access to DeFi services, and the ability to stake crypto assets.

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