Poll: AIR/aUSD listing with liquidity mining rewards

Altair Governance Proposals
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Discussion regarding this proposal can be found in this previous post. Thanks to everyone who inputted! The proposal will now be put to a poll.

The poll is open until 4/5/2022

Poll description:

For:
Using 1M AIR to incentivise AIR/aUSD LPs on Karura Swap during the first 30 days.

Against:
Do nothing.

Please vote below:

  • For
  • Against

0 voters

1 Like
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Good day Nicolo
You definitely got my Aye!

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The poll is now closed! An on-chain proposal will follow shortly

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Update: the council will submit an on-chain proposal that allows using 1M AIR for liquidity mining rewards to bootstrap the AIR/aUSD pool in Karura Swap. The proposal consists of two steps:

  • send 1M AIR from Altair’s Treasury account to a temporary hot wallet in Altair with the address: kAHS3pSGHqPymTUmcCoVXUt8PVVgPgfWHG98yHvz8UiLeXpii

  • once the proposal is approved and executed, we will make an XCM transfer of 1M AIR + fees from said hot wallet to the following address in Karura controlled by the Acala team: qmmNufxeWaAVN8EJK58yYNW1HDcpSLpqGThui55eT3Dfr1a

4 Likes