Terra’s ecosystem is flourishing. Third-party projects are popping up seemingly every day & opportunities for community members to contribute to the growth of TeFi are abundant.
We love the avid work and efforts of the community, so we want to help amplify what’s possible with financial incentives. In that light, we’re delighted to introduce Terra’s Community Bounty Program in collaboration with TerraBitesPod and LearnTerra.
Content Bounty Program: – Every Friday, 3 bounty topics will be posted on the “Bounties” tab of learning Terra.com. Winning submissions (top 3 per topic; a total of 9) will be announced on the following Friday alongside the new hosted bounties on Learn Terra.
To submit content: – Draft a post (min. ~1,500 words) for 1 of the 3 bounty topics that week from your own Medium account. – Submit the published Medium post link to the Google Form by 5 PM PST on Wednesday of the corresponding week. – Share submissions on social channels.
Submissions will be judged by TFL & TerrabitesPod based on the following criteria: – Quality of the content – Style, formatting, & grammar – Social engagement.
Prizes per bounty (total of 3): 1st Place — $350 2nd Place — $100 3rd Place — $50. We’ll be distributing $1,500 in UST rewards per week.
Initially, TFL will bootstrap the program by funding the first month’s bounties directly, then transitioning the bounty funding to a principal-protected, yield-based deposit contract using pylon protocol.
The first week’s bounties are currently live on the “Bounties” tab of learn-terra, and you can find links to them below as well.
We’re looking for a seasoned editor to help provide feedback to writers submitting content and help judge submissions.
It doesn’t matter if you’re a seasoned DeFi analyst or newcomer to the Terra ecosystem; as long as you’re willing to write informative posts for the broader community, this is your chance to shine.
Community response: Fees are still quite high on Terra compared to Polygon etc. Will this drop further or stay like it is now? Using Anchor with LUNA costs like 100x the tx costs of polygon + AAVE.
For those who do not know: Anchor Protocol allows Terra stablecoin deposits to earn stable yield,
powered by block rewards of leading proof-of-stake blockchains. Terra stablecoins offer instant settlements, low fees, and seamless cross-border exchange – loved by millions of users and merchants.
Mirror Protocol allows the creation of fungible assets, “synthetics,” that track the price of real-world assets. Mirror synthetics are intended to be used as key building blocks in smart contracts and to bring
the world’s assets to the blockchain.
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