Time to celebrate the sister chains can talk and share with each other!
I'm excited to announce the creation of a KSM/DOT liquidity pool on Kusama's AssetHub. With the recent launch of the Polkadot-Kusama bridge, this pool aims to enhance the synergy between these sibling networks that share more than just code, offering improved liquidity and seamless asset swaps, while also helping to bring more attention from the Polkadot community to Kusama, showcasing our innovative capabilities.
To ensure the long-term success and growth of this pool, I propose implementing an incentives plan for liquidity providers. The plan would feature:
This structure aims to align incentives with the long-term health of the Kusama ecosystem while leveraging the advanced capabilities of the Kreivo parachain.
I'm reaching out to our community to start a discussion on how we can best support and grow this pool. Your input is crucial in refining this incentives structure and ensuring its success. What are your thoughts on this initiative? How can we improve the proposed plan?
Let's collaborate to make this pool a cornerstone of interoperability within our shared ecosystem, and a showcase of Kusama's innovative spirit!
Great idea, I would like to collaborate on this.
We should differentiate asset transfer (bridge) with asset conversion (swaps). I assume you are looking to implement swaps, hence the liquidity needed.
I spent some time researching atomic swaps between KSM and DOT. Apart from the tech, there are some legal and financial challenges:
As reference, there is an implementation of