Terra (LUNA)stablecoin on Terra and Cosmos (ATOM) proposed a proposal to create token liquidity.
Terraform Labs (TFL) Today, February 15th, for the creation of deep stablecoin and Cosmos token liquidity on Terra. USDC-USDT and ATOM-LUNA submitted a proposal to whitelist liquidity pool (LP) tokens.
A new proposal to establish deep stablecoin and ATOM token liquidity on Terra by whitelisting $USDC – $USDT oath $ATOM – $LUNA LP tokens from @astroport_fi as Alliance assets have just been posted.
Make your voice heard and join the discussion! 👇https://t.co/0wnCkyPB9q
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) February 15, 2024
If the proposal is approved, the specified stablecoins will be whitelisted by the Astroport liquidity protocol as Alliance assets, TFL will collaborate with Astroport participants to create a stable USDC-USDT pool and an ATOM-LUNA PCL pool before adding Alliance assets.
At this point, it was stated that this offer is compatible with Terraform Labs CEO (CEO) Chris Amani’s plan to have the deepest stablecoin liquidity in Cosmos.
Terraform Labs also announced that new offers will be made available for other liquidity pools such as TIA-LUNA, DYDX-LUNA and more in the future.
After this news Terra (LUNA), LUNC and USTC The price increased. LUNA and LUNC have increased by approximately 13% in the last 24 hours, while USTC has increased by 35%.
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!