Terra (LUNA) has proposed a proposal to create stablecoin and Cosmos (ATOM) token liquidity on Terra.
Today, February 15, Terraform Labs (TFL) submitted a proposal to whitelist USDC-USDT and ATOM-LUNA liquidity pool (LP) tokens to create deep stablecoin and Cosmos token liquidity on Terra.
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.
Following this news, Terra (LUNA), LUNC and USTC prices 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.