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Harmony (ONE) Announces Full-Stack Partnership With Terra

Harmony (ONE) Announces Full-Stack Partnership With Terra
  • Harmony (ONE) announces its new integration and partnership with Terra.
  • The founder of Harmony shared his excitement about this partnership.
  • Harmony shares all the details of the full-stack partnership.

On Wednesday, Harmony (ONE), an open and fast blockchain network, announces its new integration and partnership with Terra.

Furthermore, Harmony shares the details of the full-stack partnership. Noting, Harmony will be integrated into the Terra Shuttle Bridge. Also, the ONEAnchor savings account (i.e., fixed yield) product availability shall benefit the Harmony community. ONEAnchor is aligned with Harmony’s vision of bringing millions of people to decentralized finance.

In addition, Terraform Labs will support vetted projects building UST on Harmony in security audits and grants through Terraform Capital. Lastly, Terra and Harmony will collaborate for the upcoming Hackathon called “Bridging Wall Street to Web3”.

Stephen Tse, Founder of Harmony shared his excitement on this partnership saying,

We are excited to work with Terra to continue our journey of building in a multi-chain future. Terra and Harmony are bridging to build a vibrant cross-chain finance ecosystem with UST stablecoin, ONEAnchor fixed-rate lending, and our upcoming $1M Hackathon. We look forward to the promising potential of this partnership.

Of note, Harmony is an open platform for assets, collectible, identity, and governance. Harmony’s secure bridges offer cross-chain asset transfers with Ethereum, Binance, and other chains. Meanwhile, Terra is a large and growing ecosystem focused on programmable money and other financial primitives.

Terra’s CEO and Co-founder, Do Kwon is also thrilled with this expansion. He shared that their portfolio of Decentralized Finance products is growing and believes that working with Harmony brings UST and Anchor to another growing ecosystem. Apart from this, they look forward to seeing new developer innovations for multi-chain DeFi.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.