Satellite.money Phoenix Network LUNA support

Discussions
1

We all use Axelar network and Axelar assets around cosmos and in general.

i am shocked to see the Phoenix 1 network is not their on satellite money.

we all want to earn a nice APR of Axelar assets from terra liquidity alliance erisprotocol. But their is no simple way of moving assets between them.

Axelar assets are highly incentivized in liquidity alliance erisprotocol, like $500k yearly or more.

Why has Axelar not opened the satellite money market for phoenix Network?

Then I found out I needed to bridge to osmosis, then Ibc transfer back to axelar then back to terra.

Everyone is not so nerd to know everything to route the transaction.

Why are we damaging the use case of Axelar assets around the cosmos by not showing the frontend market of Phoenix Network on the satellite money?
Terra liquidity alliance erisprotocol is the one who is providing massive $500k incentives/100% APR to Axelar assets and we are making harder for axelar community to reap the benefits

Kindly help to fix it

1 Like
2

Hello I am a newbie on Axelar, your comment is the first I have read. I am a bit familiar with cross-chains and i really get your concerns. Not to add the fear of doing something bad and loose your assets. :sweat_smile:

3

The main issue is we all use Axelar satellite markets, but due to not having Phoenix Network LUNA, all traffic of satellite markets related to Phoenix and Terra Liquidity Alliance Erisprotocol is diverted to Osmosis pools to swap, and then it is being deployed in Liquidity Alliance Erisprotocol.

The people have to move axelar assets to use liquidity alliance by providing not direct support in dropdownmenu in satellite money is damaging the traffic and growth of satellite money.