## KAR Staking Sub-Program

At the heart of this program is the aim to align stakeholders, Karura ecosystem participants, protocol functionalities, network infrastructures, ecosystem growth, and KAR utility within the Karura Network. By doing so, we seek to optimize network growth and sustainability while enhancing KAR’s role as a fundamental utility.

- Target KAR Staking APR: 10%
- Target Staking Rate: 30% to 50%

APR will vary depending on market conditions and participation. This proposal covers the initial two months’ incentive, and further incentive adjustments will be proposed in the following week.

## KAR Liquidity Pair Sub-Program

We understand the importance of fostering liquidity within the Karura ecosystem. To achieve this, we’re introducing long-term incentivized liquidity pools on Karura Swap, powered by KAR. The first pair is KAR-USDCet with the following parameters

- Target APR: 10% - 16%
- Target liquidity $300k - 600k

APR will vary depending on market conditions and participation. This proposal covers the initial two months’ incentive, and further incentive adjustments will be proposed in the following month.

Sub-programs of other liquidity pairs will be available in separate proposals.

## Proposal Contents

1. Transfer 883,332 KAR from Karura Treasury to incentives reward vault account (qmmNufxeWaAVN8EJK58yYNW1HDcpSLpqGThui55eT3Dfr1a)
a. 716,666  KAR for KAR staking
b. 166,666 KAR for KAR-USDCet pair
c. This is the first two months’ incentives

2. at block #5,386,400(estimated time: 2023-10-10 06:05 (+UTC)), set KAR staking incentive reward rate to 300,000 KAR for the first month. base reward 240,000 KAR, loyalty bonus 60,000 KAR

3. at block #5,386,700(estimated time: 2023-10-10 06:03 (+UTC)),  start bootstrap KAR/USDCet pair on Karura Swap
a. minimum contribution is 15 KAR or 1 USDCet
b. bootstrap target is 150,000 KAR or 10,000 USCet
c. it will not end before block #5,401,100

4. at block #5,401,100(estimated time: 2023-10-12 06:03 (+UTC)) :
a. end bootstrap for KAR/USDCet pair. 
b. set KAR/USDCet incentive reward rate to 166,666 KAR for first two months. base reward 83,333 KAR, loyalty bonus 83,333 KAR

5. at block #5,602,400(estimated time: 2023-11-09 05:03 (+UTC)), increase KAR staking incentive reward rate to 416,666 KAR for the second month. base reward 333,332.8 KAR, loyalty bonus 83,333.2 KAR

6. at block #6,466,700(estimated time: 2024-03-08 06:03 (+UTC)), enable claim loyalty bonus for KAR/USDCet

proposalHash

votingPeriod

delay

Initial Stage of the KAR Staking and Karura Swap Liquidity Mining Program 🚀

## Summary
This is a full release for Acala & Karura that fixes issues for ACA/KAR staking, liquid crowdloan, and EVM pallets.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.21.0

# Referendum
https://karura.subscan.io/referenda/94
https://karura.subsquare.io/democracy/referendum/94

#94 Runtime upgrade - Bug fixes and improvements

## Summary
This is a full release for Acala & Karura that upgrades Substrate/Cumulus/Polkadot to v1.0.0. This also includes KAR staking pallet.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.20.0

# Referendum
https://karura.subscan.io/referenda/93
https://karura.subsquare.io/democracy/referendum/93

#93 Runtime upgrade - Update Substrate/Cumulus/Polkadot version to v1.0.0

https://acala.discourse.group/t/kar-emission-upgrade/2181

KAR Emission Vote

This proposal will convert aUSD to aSEED in the on-chain assetRegistry (token name as aUSD SEED and token symbol as aSEED), read more [here](https://wiki.acala.network/acala-exodus-upgrade/ausd-seed-aseed#ausd-conversion)

Karura preimage:
`0x7a070081246155534420534545441461534545440c00e40b54020000000000000000000000`

Refer: https://acala.discourse.group/t/aseed-i-ausd-to-aseed-conversion/2175


aSEED I: aUSD to aSEED conversion

https://acala.discourse.group/t/karura-proposal-revert-ausd-quota-initiated-for-the-fungibility-pallet/2171

Revert aUSD quota initiated for the fungibility pallet

## Background
Following the passing of the vote for the generation of the Exodus Plan, this is to propose aSEED (Karura) I setting risk parameters of aUSD including stop aUSD minting, liquidation etc in preparation for aUSD conversion to aSEED (Karura). Below are the risk parameters to be adjusted: 
+ Liquidation Ratio = 0%
+ Debt Ceiling = 0
+ Stability Fee = 0
+ Liquidity Penalty = 0

## Reference
+ [General direction vote](https://voting.opensquare.io/space/karura/proposal/QmUuHgFt4fN4iKU6JzW2utx2cykz4Er3EyhLHRwYEjDk3r)
+ [The Exodus Plan](https://acala.discourse.group/t/acala-exodus-plan/2125)


aSEED (Karura) I Setting risk parameters of aUSD

## Summary
This is a runtime upgrade for Karura that upgrades Substrate/Cumulus/Polkadot to v0.9.40. This also includes Eth Call V2 format and various improvements to Acala EVM+.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.18.0

# Referendum
https://karura.subscan.io/referenda/88
https://karura.subsquare.io/democracy/referendum/88

Runtime Upgrade - Update Substrate/Cumulus/Polkadot version to v0.9.42

## Proposal

The following suggestion is proposed to optimize for risk management for Karura.
+ Decrease Debt Ceiling of KSM from 25M to 10M
+ Decrease Debt Ceiling of LKSM from 5M to 2M
+ Decrease Debt Ceiling of KAR from 3M to 1M

Risk parameters are best adjusted according to market conditions to balance insolvencies, liquidations, and capital efficiency. A lower debt ceiling helps mitigate the risk associated with excessive debt exposure and enable the protocol to remain solvent and resilient in volatile market conditions.

Karura Risk Parameter Change Proposal - May 2023

https://acala.discourse.group/t/proposals-to-fix-problems-caused-by-a-special-case-handling-issue-in-taiga-stable-asset-pallet-on-karura/2078/10?u=xlc

Resume full functionality of Taiga stable asset pallet on Karura

This is a runtime upgrade for Karura that fixes issue for Taiga stable asset pallet.

Release note: https://github.com/AcalaNetwork/Acala/releases/tag/2.17.0 

Runtime upgrade to fix Taipa stable asset pallet

https://acala.discourse.group/t/proposal-1-to-fix-problems-caused-by-a-special-case-handling-issue-in-taiga-stable-asset-pallet-on-karura/2078

Proposal 1 to fix problems caused by a special case handling issue in Taiga stable asset pallet on Karura

## Summary
This is a runtime release for Karura to include some compatibility fixes for upcoming XCM v3 upgrade on Kusama.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.15.0

# Referendum
https://karura.subscan.io/referenda/80
https://karura.subsquare.io/democracy/referendum/80



#80 Runtime Upgrade - XCM v3 compatibility fixes

Untitled - motion #421

## Summary
This is a full release for Acala & Karura that upgrades Substrate/Polkadot/Cumulus version to v0.9.33 and fix an issue about XCM transfer ERC20.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.12.0

# Referendum
https://karura.subscan.io/referenda/77
https://karura.subsquare.io/democracy/referendum/77

#77 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus to v0.9.33 and bug fixes

https://acala.discourse.group/t/proposal-to-claim-credit-users-affected-by-statemine-kusama-version-issues/2009

Proposal to claim/credit users affected by Statemine & Kusama version issues

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-12-20-2022/1975

Gauntlet Risk Parameter Recommendation (12/20/2022)

# Summary
This is a full release for Acala & Karura that upgrades Substrate/Polkadot/Cumulus version to v0.9.31 and implemented sanity checks for some parameter updates.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.11.0
# Referendum
https://karura.subscan.io/referenda/73
https://karura.subsquare.io/democracy/referendum/73

#73 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus version v0.9.31

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-11-29-2022/1964

Gauntlet Risk Parameter Recommendation (11/29/2022) 

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-11-21-2022/1961

Gauntlet Risk Parameter Recommendation (11/21/2022)

This proposal will update auction collateral size limit as
7,000 KAR
70 KSM
700 LKSM
to reduce liquidation impact in response to current volatile market conditions.

Update auction collateral size limit.

# Summary
This is a runtime release for Karura that upgrades Substrate/Polkadot/Cumulus version to v0.9.28 and implemented few minor fixes for EVM+ and minor improvements for Taiga protocol.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.10.0


#69 Runtime Upgrade - Upgrades Substrate/Polkadot/Cumulus version to v0.9.28

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-11-01-2022/1929/1

Gauntlet Risk Parameter Recommendation (11/01/2022)

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-10-14-2022/1919/3

Gauntlet Risk Parameter Recommendation (10/14/2022)

# Summary
This is a runtime release for Karura that upgrades Substrate/Cumulus version

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.9.5-karura


Democracy External Proposals