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.
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.
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
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.
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
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
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
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
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
at block #6,466,700(estimated time: 2024-03-08 06:03 (+UTC)), enable claim loyalty bonus for KAR/USDCet
Karura Network has introduced two sub-programs to enhance KAR's role as a fundamental utility. The first sub-program is KAR Staking, which aims to align stakeholders, participants, and network infrastructures. The target KAR Staking APR is 10%, and the target staking rate is 30% to 50%. The second sub-program is KAR Liquidity Pair, which fosters liquidity within the Karura ecosystem. The first pair is KAR-USDCet, and the target APR is 10% - 16%. The proposal covers the initial two months' incentives, and further incentive adjustments will be proposed in the following weeks. The proposal includes transferring 883,332 KAR from Karura Treasury to incentives reward vault account, setting KAR staking incentive reward rate, starting bootstrap KAR/USDCet pair on Karura Swap, and enabling claim loyalty bonus for KAR/USDCet.