Full proposal here.
Proposal Overview
Proponent: KSM Collective on krievo
Objective: Use treasury funds to seed an initial liquidity pool for KSM and dUSD on AssetHub.
Related: Retroactive Brale integration fee proposal
Rationale: The pool will be used to kickstart dUSD adoption while simultaneously strengthening Kusama’s DeFi ecosystem and generating fees for KSM Collective.
Request: $300,000 + 10% volatilty buffer, excess will be returned.
Total USD: $330,000 Total KSM: 9706 (EMA7 $34)
Match commitment: Brale has committed an initial $300,000 in dUSD to match the requested KSM allocation
Beneficiary: KSM Society organisation on krievo, sovereign account on Kusama relay chain.
Address: Ftuq9bHvQb5NiU5JA7q79fxYn9FVBeRjNBHL3RH5raN9qck
Members: 10 members from across the ecosystem with more to add.
Representation: Virto, W3F, ChaosDAO, decent, Helikon, Lucky Friday. Governance: 1 member 1 vote, 30% minimum support
LP fees: Retained by KSM Collective (KSM) and Brale (dUSD).
First usage: Exchange of Brale’s $125k fee from KSM to dUSD with the beneficiary being the Decent Partners collective which is governed by initial membership of organisations - decent, Brale, Virto and KSM collective.
Contact: KSM society public matrix