Read on Twitter
1/15 A thread on why the $LUNA ecosystem will be at the forefront of #DeFi for the masses in 2021 and beyond 
2/15 The masses aren't going to use metamask, interact with contracts, toggle gas fees and chase complex yield. The masses associate all of this complexity with risk let alone being able to comprehend the technical aspects of it all.
3/ Why do you think @CelsiusNetwork is up 30x in the last year with almost $9B in assets, 400k users despite having some of the worst yield in crypto, is centralized and nobody in CT talking about it.
4/15 Because of its amazingly simple and easy to understand UI and UX that reflects the existing banking services and apps people use everyday.
5/15 Volatile but high interest rates and complex yield aggregating tools etc. are amazing for the niche market and finance industry. But for the masses this is a scary new world.
6/15 For #DeFi to become the future of finance for the masses, protocols and applications that have seamless and familiar user experiences will win out. This doesn't just mean UI but also easy to understand concepts.
7/15 The $LUNA Terra team has been building apps following these ideals with amazing tech completely hidden by beautiful front ends where people using these apps won't even necessarily know they are interacting with crypto.
8/ CHAI is the first application built on $LUNA, a payment gateway primarily operating in Korea with merchants actually accepting the KRT (Terra Korean Won). CHAI has integrated with some of the biggest Korean e-commerce platforms and even Samsung Pay.
9/15 This is real world crypto use with:
- $1.4M USD in daily payments
- >60k daily transactions
- >2.2m total users
CHAI has hired Uber's ex-APAC Strategy Head to expand into the rest of Asia and integrate with Mastercard globally in 2021.
- $1.4M USD in daily payments
- >60k daily transactions
- >2.2m total users
CHAI has hired Uber's ex-APAC Strategy Head to expand into the rest of Asia and integrate with Mastercard globally in 2021.
10/15 @mirror_protocol is the second application, essentially your favorite stocks, ETFs and more in synthetic form tradeable on Ethereum, Luna, BSC and soon on every major blockchain. In just 2 months it has $440M in TVL and $45M in peak daily trading volume.
11/15 Just check how slick the @mirror_wallet UI is.
12/15 @anchor_protocol is the third application to be released this month, that promises to provide guaranteed stable interest rates for both borrows and lenders. Stable and reliable savings rates are critical for the masses.
13/15 Bonus: @d0h0k1 the CEO has also hinted at loans with 0% interest rates. Oh, and it was co-developed by a Harvard economics professor.
14/15 Finally, all of these apps and services will be wrapped up in one single interface, @alice_finance. Just like your favorite bank has all your loans, savings, mortgage, stocks, credit cards in one app.
15/15 Again most people won't even know they're interacting with crypto and #DeFi.
