12176 | Request to Inject Liquidity for Terraport DEX as Outlined by Proposal 12171
Source from:
- https://validator.info/terra-classic/governance/12176
- https://common.xyz/terra-luna-classic-lunc/discussion/1158271-request-to-inject-liquidity-for-terraport-dex-as-outlined-by-proposal-12171
Requesting USDC/LUNC Pool Deployment (25,000 USDC + $25,000 LUNC Equivalent)
- Author: Terraport
- Proposal Type: Community Pool Spend
- Status: Draft
- Date: 16th, April 2025
- Receiver: Multisig Wallet Outlinded by Proposal 12171 (TBA)
Self Presentation
Terraport is an autonomous DeFi platform using smart contracts on the Terra Classic blockchain and based on a circular economy model capable of infinite self-sustaining. The entire ecosystem is powered by a native deflationary token called $TERRA, which will be used to access various features of the platform.
Terraport’s goal is to bring utility to the entire Terra Classic ecosystem and make DeFi accessible to everyone. You can receive daily rewards in different ways while burning $LUNC in an automated system handled by users.
You are be able to access directly from your DeFi Wallet without registration or KYC verification. Unlike CEXs (centralized exchanges) like Binance, KuCoin or Coinbase, Terraport doesn’t hold your funds when you trade: you have 100% ownership of your cryptocurrencies. Thanks to the Liquidity Pools, you will never have limits or interruptions, so you can trade 24/7.
Terraport was born to be a safe and anonymous place for users to trade, earn and invest funds.
- Decentralization: Terraport is controlled by Governance, collectively all users who have an interest in the growth of the project and own $TERRA.
- Security: Terraport smart contracts are audited by CertiK, to ensure that everything is running properly as described in the White Paper.
- KYC: The team also passed CertiK’s institutional KYC process achieved the Gold badge in 2023
- Bug Bounty: Terraport is enrolled in CertiK’s Bug Bounty program.
Summary
This proposal requests a total of 25,000 USDC and an equivalent $25,000 worth of LUNC from the Community Pool to seed liquidity for a **
