Snapshot Vote on Perpetual Protocol's Proposal to Launch on Terra is Live
A snapshot vote on Perpetual Protocol, a decentralized perpetual contracting protocol, to launch on Terra is now live. Previously, Terraform Labs proposed to deploy Perpetual Protocol on Terra with the aim of driving the use of $UST on Optimism. The proposal also suggests Terraform Labs offer market makers a 5% interest rate, 12-month $10 million $UST loan that allows market makers to use $UST to market make on Perpetual Protocol.