BNB Network Offers Support to Terra Developers – Bits Media

The BNB ecosystem team is ready to support Terra blockchain developers, wanting to migrate from a dying network.

Cryptocurrency exchange Binance officially offered the developers of the collapsed Terra ecosystem (LUNA) support. The site's BNB team announced, that will commit to providing investment and support to projects, who are considering moving from the Terra network. One of the first Terra projects, which will begin integration with the BNB network, will become Stader Labs - a company, specializing in liquid staking solutions and working with four blockchains: NEAR, Ivy, Solana and Fantom.

Users will be able to stake BNB on Stader and earn income through the platform. The company also plans to issue betting derivatives, representing staking BNB assets, which users will be able to use in decentralized finance protocols (DeFi).

Binance reminded Terra developers about its BNB Chain Fund on $1 billion, focused on promising projects, willing to work in the BNB network and able to qualify for investments and grants. The stock exchange says, that they will strive to support projects, moving from the Terra network, providing additional tokenomic, network and marketing support.

BNB Investment Director Gwendolyn Regina (Gwendolyn Regina) stated in an interview with Cointelegraph, that there are many talented developers in the Terra ecosystem, and the BNB team is trying to provide them with the opportunity to work and create. The team is interested in DeFi, NFT and GameFi, so, Regina says, it is open to proposals from projects specializing in these technologies. The director also confirmed, what about the BNB network, even before the collapse of Terra, partners such as Synapse collaborated, Mirror Protocol и Wormhole.

Recall, проект Terraform Labs рухнул всего за три дня, что привело к панике со стороны инвесторов и обвалу всего криптовалютного рынка.