According to Odaily, Levana Protocol, a derivative platform within the Cosmos ecosystem, has initiated a new proposal on the Neutron forum. The proposal suggests deploying 140,000 NTRN as long-term liquidity (xLP) to the new NTRN/USD Perps market on Neutron.
The move is seen as a strategic step by Levana Protocol to enhance the liquidity of the NTRN/USD Perps market. The deployment of such a significant amount of NTRN tokens is expected to provide a substantial boost to the market's liquidity.
This proposal, if accepted, could potentially have a significant impact on the dynamics of the NTRN/USD Perps market. The increased liquidity could lead to more stable prices and potentially attract more participants to the market. However, the proposal is still under discussion on the Neutron forum, and the final decision has yet to be made.
