Proposal #4813
Passed on 07 Jun 2024 with 78.2% of the votes for yes.
Yes
78.2%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
07 Jun 2024
Asked
384.6K
LUNA · 0.2% of the pool
78.24%
of votes cast
21.75%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This proposal aims to enhance liquidity within the Terra ecosystem by establishing a bribe market for incentives, distributed via the Alliance Module.
ERIS is asking USD 200,000 for development and USD 50,000 for auditing, to be paid in 384,615 LUNA at the current price of USD 0.65, to support the development of this solution.
The initiative seeks to bootstrap deep onchain LUNA stablecoin liquidity, thereby increasing chain activity. It creates new utility for LUNA holders by reducing the circulating supply through lockups and generating revenue for voters. Additionally, it creates PoL by implementing a take rate for LPs and creating a fair, market-based distribution mechanism for DEXes to compete for incentives. Furthermore, it will deliver the components required for the URA DEX roadmap.
We strongly believe that the success of this proposal will create a central building block for Terras future ecosystem development.
See [Hidden link]