As the HRMP channel between Altair and Karura will soon be operational, it’s time to take the next step and list AIR/aUSD on Karura Swap!
Listing AIR/aUSD on Karura Swap is the first step to ensure people can trade AIR on a DEX natively on Kusama, increasing community involvement in the ecosystem and token availability. Further pairs will be added subject to community discussion.
To incentivise users to add liquidity to the upcoming AIR/aUSD pool, we propose to allocate a total of 1M AIR from the community treasury to be used as liquidity mining rewards during the first 30days. Acala will further support this initiative by providing some aUSD rewards.
The listing will consist of a 48-hour bootstrapping period during which only new liquidity can be added and no trading is permitted . Following our community’s approval to use the 1M AIR for liquidity mining, a detailed proposal will be posted on the Acala forum.
