List kBTC/aUSD pair on Karura Swap and incentive program for kBTC/aUSD liquidity providers

Summary

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

Proposal

  • Enable Bootstrap for kBTC/aUSD pool at block #1783144 (est. 2022/04/19 11:30 UTC)
  • 48 hours of bootstrapping period ends at #1790903 (est. 2022/04/21 11:30 UTC)
  • Minimum liquidity target is 1,25 kBTC OR 50,000 aUSD
  • Minimum contribution requirement is 0.00025 kBTC OR 10 aUSD

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

  • The Not Before block #1790903 (est. 2022/04/21 11:30 UTC) has passed AND
  • Either the pool has 1,25 kBTC OR 50,000 aUSD in liquidity
  • Both kBTC & aUSD has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

  • It will start at block #1783144 til #1790903 (roughly 48 hours)
  • NO trading is allowed during this period
  • You can contribute liquidity for kBTC, or aUSD, or kBTC & aUSD at the same time. The actual exchange rate of kBTC/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 is added.
  • You should only participate if you want to become a liquidity provider for the pool. Please be aware of **various risks** 4 associated with being a liquidity provider .

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

Incentive Program

Interlay has allocated 17,000 KINT for an incentive program for the liquidity provider of kBTC/aUSD pool with total duration of 180 days.

  • Total Incentives
    • 17,000 KINT
    • 100,000 aUSD from the Acala foundation
  • Duration: from block #1790903 to # 2500851 ( est. 2022/10/21 at 11:30 UTC)
  • Loyalty Bonus Percentage: 50%
    • Claim rewards before loyalty program ends will void loyalty bonus, which is 50% of the rewards. Read more on the AcalaSwap wiki under “Incentive Program”
    • Claim rewards after loyalty program ends (# 2500851 ) will be eligible for the loyalty bonus.

Additional Links

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