List Khala Network native token $PHA on Karura, and list PHA/kUSD pair on Karura Swap.
This proposal also include some future plans based on top of first move.
- Enable token transfer between Karura and Khala
- List $PHA on Karura Network as assets
- List PHA/kUSD pair on swap, and enable $PHA holders provide liquidity on swap
- Enable mint kUSD based on $PHA
- Earn $KAR for staking PHA/kUSD LP
- Support assets like ETH, USDC, DAI from Ethereum-Khala bridge, and support BNB, BUSD, DOT from BSC-Khala bridge after Khala launch the bridges.
- Enable Karura assets transfer to Khala PhaSe Wallet for privacy protection after Khala launch the function
- There are more than $100 millions cap as $PHA on Khala Network at the moment
- Khala Network can engaged Karura good TVL as it’s one of the running Parachain
- Khala Network can bring real use case like privacy Defi to Karura users.
- After proposal passed on Khala end, we can also provide reward pool to engage $KAR holders
Marvin Tong, Founder of Phala Network, Council member of Khala Network