Do Kwon, CEO and co-founder of Terraform Labs, the software development team behind the Terra (UST) blockchain, posted a Tweet to provide an update on Terra’s bridge ecosystem.
Terra users may now transfer value to Avalanche (AVAX), Solana (SOL), Osmosis (OSMO), Fantom (FTM), and Polkadot’s DeFi platform, Moonbeam, according to his post.
Mr. Do Kwon says, “With that wide tool set of connectors, Terra’s ecosystem turns into the simplest method to transfer money in the cryptocurrency industry.”
He also included a screenshot showing that funds may be sent to Harmony (ONE), Injective Protocol (INJ), Secret (SCRT), and Cosmos (ATOM).
In response to questions about the bridge’s technology, Do Kwon recommended treating it as a frontend for the multi-blockchain bridge platform Wormhole. UST holders may choose the bridge module to use in transacting; Wormhole, Axelar, and Shuttle bridge are all accessible at the same time.
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