Ripple Effect of TFL's Strategic Investment in Astroport on Nov 14th
Liquidity Deployment Impact Dashboard: Delve into the repercussions of Terraform Labs' (TFL) precision liquidity injection into Astroport on November 14th. Explore the dynamic shifts in trade efficiency, user engagement, and the surge in Astroport's standing among global decentralized exchanges, shaping a comprehensive understanding of the Nov 14th liquidity event.
Introduction:
Terraform Labs (TFL) strategically infused approximately $10 million into Astroport across three key pools on the Terra network, gearing up for the impending AstroWars. This deployment unfolded within Astroport's innovative Passive Concentrated Liquidity (PCL) pools, showcasing heightened trade efficiency with reduced depth compared to conventional XYK pools. As decentralized exchange (DEX) aggregators increasingly tap into Astroport's liquidity across Cosmos-based chains, the platform experienced a remarkable 54% surge, reaching a liquidity pool exceeding $50 million on November 14th.
TFL's calculated allocation involved $4 million in the LUNA - USDC.axl pool, $3 million in the LUNA - WBTC pool, and another $3 million in the LUNA - WETH pool.
This substantial liquidity injection propelled Astroport to claim the 31st position among the top decentralized exchanges globally, based on total value locked (TVL) according to DeFiLlama, tracking over 1,000 DEX protocols.
This dashboard will scrutinize Terra's ecosystem and Astroport's activities in the three weeks leading up to and two weeks following this liquidity deployment, evaluating transaction metrics and user engagement across both Terra and Astroport.
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