- Treasury/
- Proposals/
- #428/
Liquidity subsidy for KSM/dUSD Liquidity Pool on Kusama Asset Hub
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
The KSM Collective on krievo has proposed using treasury funds to create an initial liquidity pool for KSM and dUSD on AssetHub. The goal is to boost dUSD adoption, strengthen Kusama's DeFi ecosystem, and generate fees for the KSM Collective. They are requesting $300,000 plus a 10% volatility buffer, with any excess being returned. Brale has committed an initial $300,000 in dUSD to match the requested KSM allocation. The beneficiary is the KSM Society organization on krievo, and the LP fees will be retained by KSM Collective and Brale. The first usage will be the exchange of Brale's $125k fee from KSM to dUSD, with the beneficiary being the Decent Partners collective.