List KINT/kUSD pair on Karura Swap and incentive program for KINT/kUSD liquidity providers

Summary

This proposal will start the bootstrapping period for trading pair KINT/kUSD on Karura Swap.

Proposal

  • Enable Bootstrap for KINT/kUSD pool at block #1631335 (est. 2022/03/14 12:30 UTC)
  • 48 hours of bootstrapping period ends at #1639975 (est. 2022/03/16 12:30 UTC)
  • Minimum liquidity target is 8850 KINT OR 100,000 kUSD
  • Minimum contribution requirement is 0.5 KINT OR 10 kUSD

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

  • The Not Before block #1639975 (est. 2022/03/16 12:30 UTC) has passed AND
  • Either the pool has 8850 KINT OR 100,000 kUSD in liquidity
  • Both KINT & kUSD has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

  • It will start at block #1631335 til #1639975 (roughly 48 hours)
  • NO trading is allowed during this period
  • You can contribute liquidity for KINT, or kUSD, or KINT & kUSD at the same time. The actual exchange rate of KINT/kUSD 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** 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 3500 KINT for an incentive program for the liquidity provider of KINT/kUSD pool with total duration of 30 days.

  • Total Incentives
    • 3500 KINT
    • 10 000 kUSD
  • Duration: from block #1639975 to #1769575
  • Loyalty Bonus Percentage: 70%
    • Claim rewards before loyalty program ends will void loyalty bonus, which is 70% of the rewards. Read more on the AcalaSwap wiki under “Incentive Program”
    • Claim rewards after loyalty program ends (#1769575) will be eligible for the loyalty bonus.

Additional Links

2 Likes