This proposal recommends that Astroport on Terra Classic be transitioned into a community-administered DEX, with adminship rights governed by Terra Classic governance, rather than pursuing the costly and risky path of building a brand-new DEX from scratch.
Astroport is already battle-tested, deeply integrated into wallets and tooling, widely recognized, and trusted by users and developers. Gaining adminship allows Terra Classic to immediately strengthen its on-chain economy, increase volume, and accelerate ecosystem recovery with minimal execution risk.
Background
Astroport was historically the flagship AMM for the Terra ecosystem and remains:
- Integrated into most Terra-compatible wallets
- Referenced across tooling, dashboards, and indexers
- Familiar to users, developers, and liquidity providers
- Proven at handling high on-chain volume
Rather than fragment liquidity and developer effort by launching yet another DEX, Terra Classic can reclaim and steward an existing pillar of its ecosystem.
Proposal Objectives
- Place Astroport adminship under Terra Classic community governance
- Preserve Astroport as neutral, public infrastructure
- Use Astroport as the primary liquidity and price-discovery layer for LUNC and native assets
- Accelerate stablecoin repeg, volume growth, and ecosystem revival
Why Adminship > Building a New DEX
- Immediate Network Effects
A new DEX starts at zero:
- No liquidity
- No trust
- No integrations
- No users
Astroport already has:
- Wallet integrations
- Existing LPs and traders
- Familiar UX
- Historical liquidity depth
Adminship activates value instantly instead of bootstrapping from nothing.
- Proven Security & Reliability
Building a new DEX introduces:
- Smart contract risk
- Audit costs
- Exploit vectors
- Long testing cycles
Astroport:
- Has years of production usage
- Has survived high-stress market events
- Is already audited and reviewed by the community
Lower risk, lower cost, higher confidence.
- Faster Volume & Fee Generation for LUNC
With adminship, the community can:
- Prioritize LUNC, USTC, and native stablecoin pools
- Optimize fee structures to increase on-chain volume
- Route arbitrage and price discovery back onto Terra Classic
This directly supports:
- Burn mechanisms
- Oracle reliability
- Community pool funding
- Validator sustainability
- Unified Liquidity Instead of Fragmentation
Launching multiple DEXs:
- Splits liquidity
- Increases slippage
- Confuses users
- Weakens price discovery
A community-administered Astroport:
- Centralizes liquidity
- Strengthens all pools
- Makes Terra Classic easier to understand and use
One strong DEX is better than five weak ones.
- Ecosystem Credibility & Reputation
Astroport is a recognized brand across Cosmos and DeFi.
Adminship signals:
- Maturity
- Stability
- Long-term commitment
- Professional ecosystem management
This improves:
- Partner confidence
- External integrations
- Developer onboarding
- Institutional perception
- Governance-Controlled, Not Privately Owned
Under this proposal:
- Admin keys are controlled by governance
- Changes require on-chain approval
- No private entity can extract rent
- The DEX remains neutral public infrastructure
This aligns Astroport with:
- Decentralization principles
- Validator incentives
- Community-first development
- Foundation for Future Expansion
With adminship, Astroport can evolve into:
- The core liquidity hub for repegged stablecoins
- A launchpad for native Terra Classic assets
- A base layer for rollups, sidechains, and cross-chain liquidity
- A settlement layer for real-world asset tokens
All without rebuilding the wheel.
Economic Rationale
|Path|Time to Market|Risk|Cost|Adoption|
New DEX:
|6–12 months|High risk|High cost|Uncertain|
|Astroport Adminship|Immediate|Low|Minimal|Proven|
Adminship offers asymmetric upside with limited downside.
Conclusion
Terra Classic does not need another experimental DEX.
It needs:
- Liquidity
- Volume
- Trust
- Stability
- Coordination
Astroport already delivers these.
By transferring Astroport adminship to community governance, Terra Classic can:
- Reclaim its DeFi core
- Strengthen LUNC economics
- Accelerate ecosystem recovery
- Avoid unnecessary risk and duplication
This is the fastest, safest, and most capital-efficient path forward.
signed,
Nicolas Boulay , Luncverse Validator and your friendly neighbourhood Cookie DO
