LeoFinance - Coinhall's Stake To Subscribe (Terra Blockchain)

What is so interesting to me about the Terra Blockchain is the applications they have to offer within blockchains I have not ever seen before. Maybe I am bias since I study more on Terra than other blockchains but there simply is some interesting projects I can not seem to ignore. This next one is actually a website that provides up to date present values of assets locked up in several of the most popular Terra protocols that are currently operating. This post is a brief overview of coinhall.org and its very unique offering of a stake to subscribe feature.

Coinhall

Currently most swapped pools will be listed on coinhall's front page. Essentially the site collects data of the most popular Terra protocols such as Astroport, Loop, Nexus, Mirror, Anchor, Terraswap, and many more. As the website continues to grow it collects information of the pools from all these exchanges. It has become a one stop site for comparison of all the most popular and up and coming real liquidity pools.

The original reason for developing the site was two parts. Original token swaps on Terra came with some fake tokens as it is easy to make a token that is named similar to Luna but actually worth nothing but get traded. Coinhall went on a mission to collect actual tokens that could be traded and ignored the fake tokens. This would help investors vet out what was good to trade and what to avoid.

The second part of why Coinhall was developed is its charts. Often price of a token is difficult to determine therefore traders and investors have difficulty in deciding when they want to buy or sell certain tokens. With price versus time charts the investors has more data to analyze and make better judgement as to when they felt comfortable to buy and sell. Coinhall would essentially have charts on many tokens and chart indicators for users to utilize.

One of the most popular charts is none other than a bLuna : Luna ratio and the one shown above are prices from Astroport but presented by Coinhall.

In addition to provide price versus time charts the website can allow user to link wallet and trade through Coinhall but on the different exchanges. This allows rapid and easy of assets from different protocol pools but all on one site. For instance I see a LOOP liquidity pool earning more in APR I would move my funds in Astroport and invest in LOOP all through the Coinhall site.

Stake To Subscribe

Since Coinhall is a website collecting data and storing it for future use it requires assets to keep running and updating. The developers came up with a service subscription currently broken into three tiers with a potential 4th coming at specific Luna staked values.

What makes the subscription to its service so unique is that they accept staking of Luna on their validator. This means by using Coinhall's validator you still earn rewards for your staked Luna while also open up specific tools and services only available to staked Luna customers.

Two benefits comes of this. First there is no additional fees required to maintain such a subscription hence users who subscribe once stake their Luna with Coinhall's validator there are members until they unstaked. Its literally a one time payment/action and never have to look at again. The second benefit is leveraging the use of your staked Luna. In the example of staking Luna on Terra Station the stakers earn a specific amount of rewards. Beyond that they can not use their staked Lunas. With Coinhall the same staked Lunas can be used to subscribe onto it's website service and earn the staked rewards.

Conclusions of Coinhall

A single site that accumulates most of the active and trustworthy pools on the Terra blockchain is on Coinhall.org. There are subscription services to enhance users experience on the website. On top of all that Coinhall's roadmap is to include other blockchains liquidity pools. Up next on the roadmap is the Osmosis protocol which is on Cosmos blockchain.

A lot of potential in user case with data that is extracted from multiple Terra protocols and summarized for ease of interpretation. Add in that the prices are instantaneous in real time and the convenience to have it as a single platform to trade through multiple Terra protocols makes it easily a go to daily website.

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!