Poll: AIR/aUSD listing with liquidity mining rewards

Altair Governance Proposals
#1

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
RFC: AIR/aUSD listing with liquidity mining rewards
Council Motion 17: Proposal to use 1M AIR for liquidity mining on Karura Swap
Council Motion 16: Proposal to use 1M AIR for liquidity mining on Karura Swap
#2

Good day Nicolo
You definitely got my Aye!

#3

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

2 Likes
#4

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