Terra Phoenix Mobilizes Community Ahead of POL Vote as Orbital Command Backs Proposal
Momentum is building within the Terra Phoenix ecosystem as Orbital Command has officially cast a yes vote on Proposal 4844, a significant initiative that aims to deploy thirty million LUNA in Protocol Owned Liquidity. This decision marks a major step toward strengthening the network’s liquidity infrastructure, aligning validator incentives, and creating new revenue streams for the community pool. With voting scheduled to close on December second, community leaders are encouraging broader participation and discussion on the Terra Phoenix governance forum.
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Enhancing Liquidity Through Strategic Pool Deployment
At the core of the proposal is the strategic allocation of community owned LUNA into two key liquidity pools on Astroport. These pools, pairing ampLUNA with USDC and LUNA, are designed to deepen trading liquidity, reduce slippage, and improve overall market efficiency for the Terra Phoenix ecosystem. The plan involves converting only one quarter of the total LUNA allocation into USDC, ensuring that most assets remain within the native token economy. This conversion is executed through trusted partners, including Ignite OTC via Boost DAO and the Liquidity Alliance portal operated by Eris Protocol. By concentrating liquidity where it is most needed, the initiative aims to support healthy price discovery and strengthen market confidence.
Strengthening Validator Alignment Through ampLUNA
A major component of the proposal is the conversion of approximately fifteen million LUNA into ampLUNA, a liquid staking derivative central to the Eris Amp Governance system. This move empowers validators who actively lock their LUNA within the governance framework, allowing them to compete for increased delegations. Strengthening validator alignment not only promotes decentralization but also enhances the long term security and reliability of the network. The proposal strategically positions ampLUNA as a key instrument for both governance participation and economic coordination among validators.
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Community Revenue and Burn Mechanisms Under Consideration
Another focal point of Proposal 4844 is the utilization of liquidity pool fees generated from the deployed assets. The community is currently weighing two potential approaches. The first option involves compounding the fees, allowing the community pool to accumulate long term value and expand its strategic reserves. The second option proposes burning the fees to reduce LUNA supply, a deflationary measure that could support token value over time. Both paths present compelling benefits, and the proposal invites community members to help determine the most effective long term strategy.
A Call for Broader Community Engagement
As the vote progresses, governance advocates stress that the strength of Terra Phoenix lies in active community involvement. With Orbital Command’s early support setting the tone, now is a crucial moment for stakeholders to join the discussion, voice their perspectives, and help shape the direction of the ecosystem.
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Dr. Olajide Samuel juggles the demands of medical studies with a passion for cryptocurrency. A seasoned blogger, Olajide shares his vast global knowledge of the crypto space, offering insights to enthusiasts. Despite his busy schedule, his commitment to crypto remains strong, and he actively seeks ways to contribute to its future.
