List CSM/aUSD pair on Karura Swap

This proposal will start the bootstrapping period for trading pair Token/aUSD on Karura Swap.


Enable Bootstrap for CSM/aUSD pool at block # 1809255 (est. 23:30 April 26th UTC)

15 hours of bootstrapping period ends at # 1811642 (est. 14:30 April 27th UTC)

Minimum liquidity target is 2,500,000 CSM OR 50,000 aUSD

The minimum contribution requirement is 50 CSM OR 1 aUSD

No trading is allowed during Bootstrap, and trading can only be enabled once the following criteria are met:

The Not Before block # 1811642 (est. 14:30 April 27th UTC) has passed AND

Either the pool has 2,500,000 CSM OR 50,000 aUSD in liquidity

Both CSM & aUSD has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

It will start at block # 1809255 til # 1811642 (roughly 15 hours)

NO trading is allowed during this period

You can contribute liquidity for Token, or aUSD, or Token & aUSD at the same time. The actual exchange rate of Token/aUSD can only be known once the Bootstrap is completed.

At the time of your contribution, you are allocated a number of LP tokens, and indicative LP shares of the pool, which are subject to change as more liquidity are added.

You should only participate if you want to become a liquidity provider for the pool. Please be aware of various risks associated with being a liquidity provider.

If you just want to trade, then please wait till the trading is enabled.

Incentive Program

Crust Network has allocated a total of 3,000,000 CSM for the incentive program. 50,000 CSM will be distributed to the liquidity providers in the Bootstrap period(15 hours), and 3,000,000 CSM will be a 45 days period campaign.

Total Incentives

3,000,000 CSM+ 10,000 aUSD

Duration: from block #1811642 to #1983846

Loyalty Bonus Percentage: 50%

Claim rewards before the loyalty program ends will loss the loyalty bonus, which is 50 % of the rewards.

Claim rewards after the loyalty program ends (#1983846) will be eligible for the loyalty bonus.

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