- Astroport’s ARC-64 is set to bridge $ASTRO for LP rewards to the Sei Network.
- ARC-71 part 2 envisions an enhanced PCL pool version on Terra after addressing a past liquidity issue.
The decentralized finance ecosystem buzzes with excitement as Astroport brings forth two transformative proposals ripe for community voting. With the crypto world eagerly awaiting these updates, let’s delve deeper into what each proposal entails. For a firsthand glimpse and to stay updated on these unfolding developments, check out Astroport’s official announcement on their tweet.
✦ Summoning the Astral Assembly ✦
Two new proposals await your vote:
1️⃣ ARC-64 would bridge $ASTRO for LP rewards to @SeiNetwork
2️⃣ ARC-71 part 2 adds an updated PCL pool type version on @terra_money 👇🧵 pic.twitter.com/TUSe15EtV7— Astroport ✦ (@astroport_fi) August 15, 2023
ARC-64: Forging Connections with Sei Network
The crux of ARC-64 lies in its capacity to establish a robust Inter-Blockchain Communication (IBC). It’s primed to transfer a colossal 10,402,412 $ASTRO from the Assembly Treasury contract rooted in Terra directly to Astroport’s satellite contract within the Sei Network’s mainnet. Once this sizable amount lands in the Sei Network, these $ASTRO tokens are designated to serve as rewards on Astroport’s Sei deployment. Such integration is not only poised to enhance the utility of $ASTRO but also has the potential to create a ripple effect on its market demand and valuation.
ARC-71 Part 2: Refining Terra’s Liquidity Dynamics
Shifting the spotlight to ARC-71 part 2, the focus sharpens on amplifying Terra’s liquidity offerings. The proposal orbits around the introduction of passive concentrated liquidity pools on Terra’s platform. But this isn’t the first we’ve heard of it. An earlier version of this PCL pool saw the light of day but was promptly overshadowed by a detected liquidity provisioning bug. However, with the reintroduction of ARC-71 part 2, Astroport reiterates its commitment to evolution, growth, and impeccable user experience.
For stakeholders and ardent community members, active participation in these strategic moves can translate to voting. Here are the crucial links to voice opinions:
Vote on ARC-64
Vote on ARC-71 part2
Astroport Disclaimers/Disclosures
In the rapidly evolving world of crypto, it’s essential to tread with caution. Platforms such as Astroport, Terra, Injective, and Neutron are still in their experimental phases. Users and potential investors are nudged towards a meticulous decision-making process, underpinned by extensive research. For an in-depth grasp of inherent risks, it’s imperative to peruse the Astroport disclaimers meticulously.
