Terraformer Releases New Flagship Product for the Terra Ecosystem

CryptoMode Terraformer Terra

March 18, 2022 — Terraformer, which aims to be the World Engine for the Terra Ecosystem, providing the toolbox for DeFi transactions, has launched the first trading aggregator on Terra, its most important product for the platform. This is a full routing trading aggregator, part of ‘Phase I’ of its products line-up, which also includes aggregated data and analytics tool, and a Terro IDO stats database, with the ultimate goal to create a super aggregator dApp for Terra that will address some of the biggest pain points for users.

Terra currently lacks such an aggregated DEX, resulting in three major DEXes that effectively fragment its liquidity pools. This presents challenges to users trying to find the best rate for their token swap and can lead to unnecessary arbitrage situations. Terraformer wants to free the entire Terra ecosystem of this inefficiency once and for all. With an aggregated DEX built to route to all major DEXes, users will save time and money, while the Terra ecosystem attracts more user traffic and trading volume. 

It’s worth noting that Terraformer won’t necessarily compete with existing DEXes, because it will channel a large proportion of its volume to respective DEXes that provide liquidity. Having said that, Terraformer also creates its own liquidity pools for certain token pairs on its native AMM, and constructs yield mechanisms as it deems appropriate. 

Terraformer’s new aggregated data and analytics and Terra IDO stats database to be released soon will serve something of a dual purpose. Both are designed to increase transparency and assist users in their trading, but they’ll also function as a conversion funnel for visitors using Terraformer’s products.

These new products are great additions to Terraformer’s existing launchpad service, which  offers a hub for early-stage Terra startups to supercharge their growth in an organic way while building out their initial token supplies and communities, and provides them with the resources they need to realize their vision. This includes helping projects find a path to funding, typically through IDO with a diverse set of models to choose from, such as auction, fixed-rate swap, or LBPs.

Building on the success of these new launches, Terraformer will also be looking to the rollout of the next phase, which will introduce the first ever NFT aggregator on the Terra network, coming up in Q2.

About Terraformer

Launched in September 2021, Terraformer has rapidly positioned itself for growth on the Terra blockchain. Offering an innovative suite of DeFi and NFT tools, Terraformer is also attracting a dedicated and engaged user base on the strength of its commitment to providing information transparency and capital efficiency. Terraformer is yet to release its own native tokens in the coming months, with a versatile set of utilities. Terraformer is dedicated to building on the Terra blockchain and aspires to be The World Engine for the Terra ecosystem.

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