After several months of anticipation, the launch of the Terra Classic (LUNC) DeFi platform Terraport has finally happened. With the 16:00 (UTC) specified in the project's plan delayed by mere minutes due to the loading of liquidity pools, today marked the day of the token distribution event for the ecosystem's governance token, TERRA.

A quick dive into the platform exposed the DEX capabilities which permit the exchanging of three main tokens: the Terra Classic (LUNC), TerraClassicUSD (USTC), and TERRA. As for the liquidity pools, investing in them means you can expect your funds to generate fees from trades made with those pairs of assets, the amount varying, of course, depending on the contributions. The collected fees automatically land at the pool in real-time and are returned upon withdrawing.

The Terraport is an attempt to revive the Terra Classic blockchain. Seen as a DeFi platform, it gives access to token swaps, staking, liquidity provision and an entertainment segment, while all features can only be unlocked by V2 of the launchpad. The subsequent iteration, V3, will even integrate a cross-chain pool functionality.

Meanwhile, Terraport plans to invigorate LUNC's burn initiative by devoting 27% of fees collected through the platform to repurchase and burn the asset. This will bring true utility to the Terra Classic Ecosystem itself, which the launchpad, when the time comes, will be expected to facilitate the entry of new projects.



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