Kusama Treasury has granted Karura 22k (20k as incentive grant and 2k as aUSD liquidity grant) KSM used for boostrapping 3-pool (aUSD-USDT-USDC) powwered by the Taiga protocol deployed on Karura. This grant is used to support
For more details of the proposal, please see here and here
Grant Vault hereafter) on Karura to receive 22k KSM sent from Kusama Relay chainGrant Vault address: ogexCmX6pBvvjvwe6VnuwHAM7cyNp5birY4RuzJ8qCQCw89LKSM/taiKSM Mint Proxy account, that will subsequently be used to split the 20k KSM roughly 50% as LKSM and 50% as taiKSM (synthetic KSM made from LKSM-KSM). TheLKSM/taiKSM Mint Proxy will be destroyed after completing the operations, and only Grant Vault can transfer the funds via governanceLKSM/taiKSM Mint Proxy address: pkGemTHxxdkg9inXsLzi8dVcRJXNbaYTNHAVQzGk9XcYjYNaUSD Vault Management Proxy account, that will subsequently be used to generate aUSD liquidity from the 2k KSM, and manage the positions. The aUSD Vault Management Proxy can only perform relevant aUSD vault management functionsaUSD Vault Management Proxy address: qqtn8NAj74sX5HRLWs6C84LadAFw3oVTxy7Ao2dmoCK2kCFRefer to the 3-pool program Proposal#2 for more details.
0x0302080c02001111111111111111111111111111111111111111111111111111111111111111008200000f29e2284e00000000000000000003030001111111111111111111111111111111111111111111111111111111111111111103020c05017095491dc941e21b9269fe67b322311df5daafd75f0bf8868afd8fa828b06329070000000005017095491dc941e21b9269fe67b322311df5daafd75f0bf8868afd8fa828b0632905000000000501400f360c98ee8df02f3addc462452f19813c080d077b9777ef8843ea49c2343d0000000000
[https://karura.subscan.io/referenda/54]https://karura.subscan.io/referenda/54
[https://karura.subsquare.io/democracy/referendum/54]https://karura.subsquare.io/democracy/referendum/54
Karura has received a grant of 22k KSM from Kusama Treasury to support the bootstrap of aUSD, USDT, and USDC liquidity on Karura/Kusama. The grant will be used to create a 3-pool powered by the Taiga protocol.
A dedicated keyless vault called the Grant Vault has been set up on Karura to receive the 22k KSM.
A temporary LKSM/taiKSM Mint Proxy account has been created to split the 20k KSM roughly 50% as LKSM and 50% as taiKSM. The LKSM/taiKSM Mint Proxy will be destroyed after completing the operations, and only Grant Vault can transfer the funds via governance.
An aUSD Vault Management Proxy account has been set up to generate aUSD liquidity from the 2k KSM and manage the positions.
Follow-on proposals will release the funds in 12 tranches over a 12-month period to Taiga protocol, who will distribute them for the 3-pool LP participants.