What happened on Inlock this April?

We’re only halfway through April yet we have a bunch of news, events and developments coming up on Inlock, so here is a quick review!

Introducing the Terra Network, LUNA token, and Terra USD to the Inlock Platform

Terra network and its two native tokens, LUNA and Terra USD, have joined the Inlock portfolio, allowing our clients to earn returns in the Savings Account by depositing their existing LUNA and UST tokens.

What are the benefits of these assets?

The Terra network allows developers to create custom blockchains and build their own decentralized applications based on Terra.

Terra USD is a stablecoin that follows the exchange rate of the US dollar, currently ranked as the fourth most popular stablecoin in the world.

One of the main purposes of Luna is to reduce the volatility of stablecoins and help maintain their price.

Additional collateral assets are available for borrowing!

In addition to the 4 previous assets, SOL, ADA and LINK can now be used as collateral for loans! Now a total of 7 different currencies can be used as collateral when borrowing, these include BTC, ETH, LTC, BNB, LINK, ADA and SOL.

With the release of the new coins, we have also added new swap pairs to the list!

From now on, you can swap SOL & USDC and our new coins as well Luna » USDT and UST, UST » Luna and USDT

We also launched our Easter game on the 12th of April, all our clients can still join in until the 18th!

What are the steps to follow?

Deposit at least 1000 UST to your Inlock Savings Account and keep it there for 90 days, until the 17th of July 2022. The $100/$55/$30/$20 rewards will be distributed based on the membership levels.

Extra $10 for Pioneers, if their invitee is participating in the promotion!

More details: https://inlock.io/inlock-easter-2022/