#6 Incentive Program (KAR/KSM & KSM/kUSD Pools)

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Summary

This proposal will enable incentive rewards KAR/KSM & KSM/kUSD Pools as outlined below

Timing

If passes, the incentive program will begin at block #270,605 (~3-4 hours after KSM/kUSD bootstrap earliest end time, read more on listing here)

KAR/KSM Pool

  • Total ~65,000 KAR rewards per month (precisely 1.5 KAR per period or every 5 blocks) to those who staked KAR/KSM LP tokens
  • Loyalty Bonus: 50%
  • The program is expected to run for a year
  • Reward amount is expected to be adjusted on a monthly basis

Retro Airdrop

While this is not mandated on-chain, but for completeness of the incentive program, there is also a provision to retrospectively airdrop KAR rewards for those who have provided liquidity prior to a certain block number.

The KAR/KSM pool is opened without additional incentive on purpose, that is to verify the protocol’s built-in ongoing incentive scheme - relying on trading volume and trading fees. The result has been promising.

This retro airdrop is a way to say thank you to the early adopters and chaos embraces. More details will be disclosed.

KSM/kUSD Pool

  • Total ~125,000 KAR rewards per month (precisely 3 KAR per period or every 5 blocks) to those who staked KAR/KSM LP tokens
  • Loyalty Bonus: 30%
  • The program is expected to run for 6 months
  • Reward amount is expected to be adjusted on a monthly basis

Read more on Liquidity Program and Loyalty Bonus here

KSM/kUSD LP triple dip

In addition to trading fees and liquidity mining incentives, kUSD pool LPs also help maintain the stability of kUSD, hence earn some of the stablecoin surpluses.

This is currently set at ~1.5% APY (precisely 56,238,214,645*10^-18 per period or every 5 blocks) payable in kUSD.

Read more here.

Proposal

Vote here & read about the democracy process here



2 Likes

Good day, team and mates. I am trying 2nd time to vote for proposal, but couldn’t see how to do it. Could someone guide please?

Here’s a quick little guide. See if this helps. It talks about an old proposal, but the way to vote is the same. https://twitter.com/joshkessler_/status/1420429704109170688?s=20

1 Like

Thnx. I already made the same steps, but I don’t see Vote button.

1 Like

Mate, I saw it in your guide) But there were no such button in my page. Maybe I don’t have enough voting power?