12182 | Request to Inject Liquidity for Garuda Defi as Outlined by Proposal 12171
Request to Inject Liquidity for Garuda DeFi as Outlined by Proposal 12171
- Author: Garuda DeFi
- Proposal Type: Community Pool Spend
- Date: May/2025
- Receiver: terra132qeqedz0yztuztj0rjav4rzlkashpsdxsmh64jpgp2ul0wdlkzquzvln6 (Multisig wallet from Proposal 12171)
Self-Presentation
Garuda DeFi is a fully permissionless decentralized exchange (DEX) built on the Terra Classic blockchain, designed to empower users and developers with on-chain freedom. It provides not only trading but also a complete suite of DeFi infrastructure—all without KYC or centralized control.
Garuda DeFi’s core modules include:
- Factory Token – Instantly launch CW20 tokens with no approval required
- Factory Pool – Create your own liquidity pools in seconds
- Factory Farming – Set up farming rewards directly from any pools
- Factory Staking – Enable custom staking pools for community incentives
- Advanced Trading Chart – Visualize realtime DEX data
Users retain full control over their assets and tools. Whether you’re a builder deploying a protocol or a trader seeking deep LUNC liquidity, Garuda DeFi delivers transparent, user-first infrastructure.
- Permissionless Access: No gatekeeping, anyone can deploy, farm, or stake
- Roundthe-Clock Liquidity: Community-powered pools and continuous trade access
- Security & Trust: Smart contracts audited by SolidProof with a 100/100 trust score
- Verified Team & Company: KYC Gold Tier certified by SolidProof for maximum transparency
Dex Fees
Garuda DeFi charges a fair 0.5% trading fee per swap:
- 0.2% to Liquidity Providers
- 0.3% to GDEX Shares (protocol treasury and ecosystem growth)
Operator Introduction
Garuda Universe is a Validator and Web3-native builder focused on DeFi, NFT Marketplace, and GameFi innovation on Terra Classic.
- Backed by solid security (KYC Gold by SolidProof audit verified)
- DeFi innovation across farming, staking, crossreward pools, and NFT liquidity
- Active contributor to Terra Classic’s ecosystem growth and builder economy
Summary
This proposal requests a total of 25,000 USDC and the equivalent of $25,000 in LUNC from the Community Pool to seed liquidity for a USDC/LUNC pair on Garuda DeFi.
This aligns with the phased liquidity framework approved under Proposal 12171.This effort supports the long-term growth of Terra Classic DeFi and expands user options for decentralized, non-custodial trading.
Liquidity will be deployed transparently via a multisig wallet governed by the community, with a locked liquidity strategy and monthly reporting.
Motivation
The Terra Classic chain currently lacks deep, decentralized liquidity for the LUNC/USDC pair. This results in:
- Overdependence on centralized exchanges for stable swaps
- Fragmented onchain volume and user slippage
- Reduced access to DeFi protocols like lending, staking, and arbitrage
- Poor liquidity infrastructure for tax revenue generation and LUNC burns
Garuda DeFi will also independently launch a farming program for the USDC/LUNC pair to boost volume and incentivize liquidity providers.
This farming initiative is fully funded by Garuda DeFi and is not part of the requested community pool spend.
The combined effect of community-seeded liquidity and farming rewards will rapidly deepen liquidity and strengthen on-chain utility for LUNC.
Request Details
- USDC Requested: $25,000
- LUNC Requested: Equivalent of $25,000 at time of distribution
- Recipient: Communitydesignated multisig wallet : terra132qeqedz0yztuztj0rjav4rzlkashpsdxsmh64jpgp2ul0wdlkzquzvln6 (same as Proposal 12171)
- Deployment Site: Garuda DeFi DEX
Ecosystem Benefits
Deploying a LUNC/USDC pool on Garuda DeFi will:
- Strengthen LUNC’s onchain liquidity with a trusted, decentralized pair
- Attract new users through permissionless farming.
- Drive TVL, swap volume, and onchain tax burn revenue
- Enable arbitrage, staking strategies, and crosschain bridging opportunities
- Boost user experience via charting tools, NFT integrations, and order book (upcoming)
Governance and Community Control
- LP tokens remain under community multisig control
- No profits go to any private entity
- All activities governed by community proposals and transparent reporting
- Deployment follows same framework as Proposal 12171
- Garuda Universe Validator will vote “ABSTAIN” on this proposal to maintain neutrality and fairness to the community as the proposal authors.
- Due to conflict of interest Garuda Universe will not sign as an MS signer to add community funds or liquidity to Garuda DeFi platforms
Deployment Pool Strategy
Liquidity will be deployed into Garuda DeFi’s primary USDC/LUNC pool
Voting Options
✅ YES – Approve $25,000 USDC + $25,000 equivalent LUNC for Garuda DeFi liquidity deployment
❌ NO – Reject and retain current community pool structure
⚪ ABSTAIN – No opinion
⛔ NO WITH VETO – Proposal is malicious or against community interest
Source from:
- https://validator.info/terra-classic/governance/12182
- https://common.xyz/terra-luna-classic-lunc/discussion/1261334-request-to-inject-liquidity-for-garuda-defi-as-outlined-by-proposal-12171
