Summary
This proposal will enable incentive rewards KAR/KSM & KSM/kUSD Pools as outlined below
If passes, the incentive program will begin at block #270,605 (~3-4 hours after KSM/kUSD bootstrap earliest end time, read more on listing here 28)
- Total ~65,000 KAR rewards per month (precisely 1.5 KAR per period or every 5 blocks) to those who staked KAR/KSM LP tokens
- Loyalty Bonus: 50%
- The program is expected to run for a year
- Reward amount is expected to be adjusted on a monthly basis
While this is not mandated on-chain, but for completeness of the incentive program, there is also a provision to retrospectively airdrop KAR rewards for those who have provided liquidity prior to a certain block number.
The KAR/KSM pool is opened without additional incentive on purpose, that is to verify the protocol’s built-in ongoing incentive scheme - relying on trading volume and trading fees. The result has been promising.
This retro airdrop is a way to say thank you to the early adopters and chaos embraces. More details will be disclosed.
- Total ~125,000 KAR rewards per month (precisely 3 KAR per period or every 5 blocks) to those who staked KAR/KSM LP tokens
- Loyalty Bonus: 30%
- The program is expected to run for 6 months
- Reward amount is expected to be adjusted on a monthly basis
Read more on Liquidity Program and Loyalty Bonus here 30
In addition to trading fees and liquidity mining incentives, kUSD pool LPs also help maintain the stability of kUSD, hence earn some of the stablecoin surpluses.
This is currently set at ~1.5% APY (precisely 56,238,214,645*10^-18 per period or every 5 blocks) payable in kUSD.
Read more here 9.
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2021-08-05 11:38:45
