Listing RMRK on Karura

Now that $RMRK is registered in Karura’s app UI and the chain recognizes it, it is time to bootstrap a pool and get some liquidity going. For this, we propose the following parameters, more or less directly copied from Karura’s BNC launch but adapted to both a KSM and a kUSD pool.

Proposal 1

  • Enable Bootstrap for RMRK/kUSD pool at #1,381,000 (estimated Monday, 24th Jan)
  • 48 hours of bootstrapping period ends at #1,394,000 (estimated Wed, 26th Jan)
  • Minimum liquidity target is 10,000 RMRK OR 250,000 kUSD
  • Minimum contribution requirement is 0.1 RMRK OR 1 kUSD

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

  • Not Before the ending block has passed AND
  • Either the pool has 10,000 RMRK OR 250,000 kUSD in liquidity
  • Both RMRK & kUSD has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

  • You can contribute liquidity for RMRK, or kUSD, or RMRK & kUSD at the same time. The actual exchange rate of RMRK/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 .

Proposal 2

  • Enable Bootstrap for RMRK/KSM pool at block 1,381,000 (estimated Monday, 24th Jan)
  • 48 hours of bootstrapping period ends at block #1,394,000 (estimated Wed, 26th Jan)
  • Minimum liquidity target is 10,000 RMRK OR 1000 KSM
  • Minimum contribution requirement is 0.1 RMRK OR 0.05 KSM

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

  • Not Before block the ending block has passed AND
  • Either the pool has 10,000 RMRK OR 1000 KSM in liquidity
  • Both RMRK & KSM has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

  • You can contribute liquidity for RMRK, or KSM, or RMRK & KSM at the same time. The actual exchange rate of RMRK/KSM 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 .

Incentives

There will be an LP incentive program. Details will be announced soon!

Onchain Referendum

8 Likes

Dear,

I’m very happy to see RMRK coming inside Karura, it’s a great step for Kusama Ecosystem.

I don’t see incentive program for LP for this 2 pools proposal.
Do you planned to make an incentive for LP holder for this 2 pools ?
With some KAR & RMRK to farm ?

Best Regards,

No Risk - No Fun

1 Like

Yes, there will be incentives. Details will be announced soon!

1 Like

Would be nice to see a pair with KAR as well no ?

Mais oui mais oui !
Let’s go for it !

That would be great.

If the proposition is adopted, it would be nice if the communication comes with a short tutorial on how to bring RMRK tokens on the correct chain (the question will be raised by users anyway in the various discords/telegrams :wink: ).

太搞笑了吧,上个币都要几个月半年,还投票,直接上啊,再不上都要归零了。。。

Excelent news Bruno, LP using RMRK and kUSD its wonderful!

哪里跟你说要几个月半年,写的东西用眼睛看了?

会看日历不?国产土狗的狗腿子??
上线几个月死了一个kar,搞出来了个屁,傻逼!

搞出来了啥?pha?sdn?qtz?rmrk?
哦,上了一个厉害的bnc。分分钟割韭菜,哈哈
你就说你是不是脑残?

Looking forward to it, hope the implements will be doing great!

woah-easy-there-tiger