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.
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.
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.