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# Summary

This proposal will start the [bootstraping](https://wiki.acala.network/karura/defi-hub/swap/bootstrap-a-pool) period for trading pair BNC/kUSD on Karura Swap.

## Proposal

* Enable Bootstrap for KSM/kUSD pool at block **#782000** (est. 2021/10/19 13:00 UTC)
* **48 hours** of bootstrapping period ends at **#795800** (est. 2021/10/21 13:00 UTC)
* Minimum liquidity target is **20,000 BNC** OR **200,000 kUSD**
* Minimum contribution requirement is **0.1 BNC** OR **1 kUSD**

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

* The **`Not Before`** block #795800 (est. 2021/10/21 1300 UTC) has passed AND
* Either the pool has **20,000 BNC** OR **200,000 kUSD** in liquidity
* Both BNC & kUSD has >0 liquidity

If this referendum passes, and Bootstrap kicks off:

* It will start block #782000 till #795800 (roughly 48 hours)
* **NO trading is allowed** during this period
* You can contribute liquidity for BNC, or kUSD, or BNC & kUSD at the same time. The actual exchange rate of BNC/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** ](https://wiki.acala.network/karura/defi-hub/swap/lp-returns-and-risks) **associated with being a liquidity provider** .


**Note:** Please read carefully [how the Bootstrap works ](https://wiki.acala.network/karura/defi-hub/swap/bootstrap-a-pool), and [various risks ](https://wiki.acala.network/karura/defi-hub/swap/lp-returns-and-risks) associated with being a liquidity provider.

If you just want to trade, then please wait till the trading is enabled.

# Incentive Program

Bifrost Foundation have allocated 200,000 BNC for an incentive program for the liquidity provider of BNC/kUSD pool with total duration of 3 months. In additional to that, Acala Foundation also allocated 25,000 KAR as additional incentive to BNC/kUSD liquidity providers.

- Total Incentives
  - **200,000 BNC** or 66,666 BNC per month for 3 months
  - **25,000 KAR** or 8333 KAR per month for 3 months
- Duration: from block **#795800** to **#1443800**
- Loyalty Bonus Percentage: **70%**
  - Claim rewards before loyalty program ends will void loyalty bonus, which is 70% of the rewards. Read more [here](https://wiki.acala.network/karura/defi-hub/swap/lp-returns-and-risks#loyalty-bonus).
  - Claim rewards after loyalty program ends (#1443800) will be eligible for the loyalty bonus.

# Additional Links

- Previous discussion: [https://acala.discourse.group/t/list-bnc-kusd-pair-via-bootstrap-on-karura-swap/291](https://acala.discourse.group/t/list-bnc-kusd-pair-via-bootstrap-on-karura-swap/291)
- Subscan: [https://karura.subscan.io/referenda/22](https://karura.subscan.io/referenda/22)
- SubSquare: [https://www.subsquare.io/karura/democracy/referendum/22](https://www.subsquare.io/karura/democracy/referendum/22)
- Karura Forum: [https://acala.discourse.group/t/21-list-bnc-kusd-pair-on-karura-swap-and-incentive-program-for-bnc-kusd-liquidity-providers/383](https://acala.discourse.group/t/21-list-bnc-kusd-pair-on-karura-swap-and-incentive-program-for-bnc-kusd-liquidity-providers/383)

proposalHash

votingPeriod

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

Stay up to date, pls join [Community Discord #karura-governance ](https://discord.gg/BXuTqKUnqd)

# Summary

This is a runtime release that upgrades Substrate/Cumulus version to v0.9.10 and add the support of redeem LKSM.

# Technical Details

- Release page: [https://github.com/AcalaNetwork/Acala/releases/tag/1.5.1](https://github.com/AcalaNetwork/Acala/releases/tag/1.5.1)
- Runtime Wasm: [https://gateway.pinata.cloud/ipfs/QmVVQYC2STatG41rGzM4816afmLnRkxVwBkEMUw8EHD29k](https://gateway.pinata.cloud/ipfs/QmVVQYC2STatG41rGzM4816afmLnRkxVwBkEMUw8EHD29k)

# Related links:

- [https://karura.subscan.io/referenda/21](https://karura.subscan.io/referenda/21)
- [https://www.subsquare.io/karura/democracy/referendum/21](https://www.subsquare.io/karura/democracy/referendum/21)
- [https://acala.discourse.group/t/21-runtime-upgrade-general-upgrade-add-redeem-lksm-functionality/380](https://acala.discourse.group/t/21-runtime-upgrade-general-upgrade-add-redeem-lksm-functionality/380)

Read more on the democracy process and how to participate [here ](https://wiki.acala.network/karura/get-started/governance/participate-in-democracy).

#21 Runtime Upgrade - General upgrade & add redeem LKSM functionality

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# Summary

This runtime upgrade fixes XCM compatibility issue with XCM V1 & V2. This will restore the KSM crosschain transfer ability with Kusama and Liquid Staking minting feature.

# Technical Details

- Release page: [https://github.com/AcalaNetwork/Acala/releases/tag/1.4.4](https://github.com/AcalaNetwork/Acala/releases/tag/1.4.4)
- Runtime Wasm: [https://gateway.pinata.cloud/ipfs/QmVHqm7EGBPEmYGir2p3KpBEfukUDq9KnB1rGJrFQSFW7E](https://gateway.pinata.cloud/ipfs/QmVHqm7EGBPEmYGir2p3KpBEfukUDq9KnB1rGJrFQSFW7E)

# Related links:

- [https://karura.subscan.io/referenda/20](https://karura.subscan.io/referenda/20)
- [https://www.subsquare.io/karura/democracy/referendum/20](https://www.subsquare.io/karura/democracy/referendum/20)
- [https://acala.discourse.group/t/20-runtime-upgrade-restore-crosschain-functionality/369](https://acala.discourse.group/t/20-runtime-upgrade-restore-crosschain-functionality/369)

Read more on the democracy process and how to participate [here ](https://wiki.acala.network/karura/get-started/governance/participate-in-democracy).

Runtime Upgrade - Restore crosschain functionality

More details at [https://acala.discourse.group/t/open-hrmp-cross-chain-communication-between-bifrost-and-karura-parachain/316](https://acala.discourse.group/t/open-hrmp-cross-chain-communication-between-bifrost-and-karura-parachain/316)

Accept HRMP channel request from Bifrost

More details at [https://acala.discourse.group/t/open-hrmp-cross-chain-communication-between-bifrost-and-karura-parachain](https://acala.discourse.group/t/open-hrmp-cross-chain-communication-between-bifrost-and-karura-parachain)

Open HRMP channel request to Bifrost

Untitled - motion #97

# Summary

This runtime upgrade consists of the following functional changes:

- Adds support to Bifrost vsKSM
- Removes legacy migration

### Proposal
The proposal ( `parachainSystem.authorizeUpgrade(0xb3b3c05df889115452d3129e76a2f67f538f3c77e2b7cb284a810293678366aa)` ) is now available on the:
- [Polkadot App - Karura parachain - Democracy section](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkarura-rpc-2.aca-api.network%2Fws#/democracy).
- [Subsquare Referendum 16](https://www.subsquare.io/karura/democracy/referendum/16)
- [Karura Subscan Referenda 16](https://karura.subscan.io/referenda/16)

Read more on the democracy process and how to participate [here](https://wiki.acala.network/karura/get-started/governance/participate-in-democracy).

### Technical Details

- Preimage: `parachainSystem.authorizeUpgrade(0xb3b3c05df889115452d3129e76a2f67f538f3c77e2b7cb284a810293678366aa)`

![](upload://umiTlzX5Zwmjmwy1xRB3ay0ab1l.png)

- Hash: `0xc3e1e525be6e4a5a3d86521abb68b1f77306e967b2b797ad156424398dd5d292`
- Release page: [Release Karura 1.4.3](https://github.com/AcalaNetwork/Acala/releases/tag/1.4.3)
- Runtime Wasm: https://gateway.pinata.cloud/ipfs/QmNVhncQ1aCvZhMSYR1dtMT2NNuLXm4C323fALiPHcbgy4

You can verify the upgrade by following this [guide](https://wiki.acala.network/karura/get-started/governance/how-to-verify-a-runtime-upgrade).

Runtime Upgrade - Enable vsKSM from Bifrost

Stay up to date, pls join [Community Discord #karura-governance ](https://discord.gg/BXuTqKUnqd)

# Summary

This proposal will enable the following changes

* [LKSM staking incentive](https://wiki.acala.network/karura/defi-hub/incentive-program/lksm-splash-rewards#lksm-staking-rewards)
* Bootstrap for LKSM/KSM pool, read more on [Bootstrap here](https://wiki.acala.network/karura/defi-hub/swap/bootstrap-a-pool)
* [LKSM/KSM pool incentives](https://wiki.acala.network/karura/defi-hub/incentive-program/lksm-splash-rewards#lksm-ksm-pool-lp-staking-rewards)

## Bootstrap Details
* bootstrap **begins ~UTC 7:30 am Sep 28 (Block# 639000)** and lasts 2 hours **ends ~UTC 9:30 am Sep 28 (End block # 639600)**
* minimum liquidity target for **2500 LKSM is** OR minimum liquidity target for **250 KSM**
* each contribution requires a minimum of **0.1 KSM** OR a minimum of **1 LKSM**

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

* The `Not Before` block # 639600 has passed AND
* Either **the pool has 250 KSM** OR **2500 LKSM** in liquidity
* Both KSM & LKSM has >0 liquidity

## Mining Details
* Incentive start **~UTC 9:30 am Sep 28 (block # 639600)**
* Loyalty Program lasts for 4 months **ends ~UTC Jan 30 2022 (block #1503600)**

# Links
- [Acala Forum Post](https://acala.discourse.group/t/15-incentive-program-for-lksm-staking-lksm-ksm-liquidity-pool/328)
- [Subscan](https://karura.subscan.io/referenda/15)
- [SubSquare](https://www.subsquare.io/karura/democracy/referendum/15)
