How Does Alliance Work?
How does Alliance work, and how are Alliances formed? In this video, we explain how Alliance—an open-source Cosmos SDK module—strengthens blockchain economies by enabling them to form mutually beneficial relationships, similar to trade agreements between countries. We also explore how blockchain communities can utilize Alliance to redirect staking rewards to incentivize various activities that benefit their ecosystem—such as liquidity provision, application development, and liquidation bidding—using Alliance assets.
Alliance is live on five blockchains—Terra, Migaloo, Carbon, Chihuahua, and Kujira—with new Alliance assets being added all the time. For users interested in staking Alliance assets to earn Alliance yield, click ‘Stake Alliance assets’ on alliance.money, and check out the Alliance Dashboard to monitor staking stats across networks 📊
Alliance Rewards Program: Terra is currently running a program to reward the first ten chains that integrate Alliance and whitelist one or more LUNA Liquid Staking Tokens (LSTs) as Alliance assets with a positive yield (i.e., The total $ value provided via the RewardWeight exceeds the total $ value of LUNA LSTs acquired via the TakeRate). Eligible chains will have their LSTs whitelisted as Alliance assets on Terra, enabling their stakers to earn boosted yield via LUNA rewards.
Chain teams and communities interested in integrating the Alliance module can follow the steps in the integration guide by clicking ‘Integrate Alliance’ on alliance.money 🤝
Let us know your Alliance questions in the comments below 👇