Terra ecosystem update proposals fueling LUNA’s rise to new all-time highs
Amid a raging cryptocurrency market with many prominent tokens achieving new highs, Terra’s LUNA token also reached an all-time high (ATH) earlier this week. That said, this recent price discovery was not on the back of larger market movements, but the platform’s own recently proposed ecosystem-centric updates.
Earlier today, TerraForm Labs proposed to increase its stablecoin UST’s visibility across layer-1 platforms that are hosting popular DeFi protocols. A recent Twitter announcement read,
“TFL is requesting roughly $3 million in $LUNA liquidity mining incentives from the Community Pool over 3 months for $UST pools across leading DeFi apps/protocols on various major layer ones.”
It added,
“The goal is to deepen UST liquidity in strategically
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