Reference: Terraport: Objectives and Actions for the Optimization of the Ecosystem
Introduction:
This proposal outlines two key token allocation initiatives and a technical update aimed at strengthening the visibility, growth, and security of the Terraport DEX:
1. Allocation of LUNC for CoinMarketCap Listing:
- Objective: Utilize $LUNC from the Terraport governance fund to finance the listing of $TERRA on CoinMarketCap.
- Rationale: A CoinMarketCap listing significantly increases the visibility and accessibility of $TERRA to a wider audience. This enhanced exposure can attract new users, boost trading volume, and contribute to the overall growth of the Terraport ecosystem.
- Benefits:
- Increased awareness and recognition of $TERRA within the cryptocurrency community.
- Improved accessibility for potential investors and traders.
- Enhanced credibility and trust in the Terraport platform.
- Potential increase in trading volume and liquidity.
2. Allocation of LUNC from the Governance Fund:
- Objective: Utilize $LUNC accumulated in the Governance Fund to finance development and growth initiatives for the Terraport ecosystem.
- Rationale: The $LUNC accumulated in the Governance Fund represents a valuable resource that can be strategically deployed to fuel further development and expansion of the platform.
- Proposed Initiatives:
- Marketing and Community Growth: Initiatives to expand the Terraport community, increase user engagement, and promote the platform to a broader audience.
- Liquidity Incentives: Programs to incentivize liquidity provision and trading activity on the platform, such as the creation of farms that provide rewards in $LUNC.
3. Updating the Governance Exclusion List:
- Objective: Add the contract addresses of Terraport to the governance exclusion list, preventing them from holding voting power.
- Rationale: This preventative measure ensures that contracts, not being entities with decision-making capacity, cannot influence future governance processes. This helps maintain the integrity of the voting system and ensures that decision-making power remains in the hands of the community.
Considerations:
The community is encouraged to provide feedback on the proposed initiatives and suggest alternative allocation strategies.
Conclusion:
This proposal represents a strategic investment in the future growth and success of the Terraport DEX. By allocating tokens for a CoinMarketCap listing and funding key development initiatives, we aim to improve the platform’s visibility, functionality, and overall value proposition.
Call to Action:
The Terraport community is invited to carefully review this proposal, provide constructive feedback, and actively participate in the governance process.