Bifrost is equesting a KSM initial liquidity subsidy for their KSM staking liquidity derivative - vKSM. The team aims for this allocation to further improve the incentives for users to nominate and pledge tokens, to provide liquidity for staked KSM and promote the capital utilization of KSM in various defi scenarios and applications and to further improve the incentives for users to nominate and pledge tokens. All info on the initiative based on the Liquidity Standard Guidelines can be found on [the proposal](https://kusama.polkassembly.io/treasury/177): thank you to the community for leaving your feedback! **Please note the motion is an external motion to be voted by Council and after by the community** (I made a mistake on **motion 503**, passing it for Council vote only: please reject that one as this is an error). 

Previous discussion: [https://kusama.polkassembly.io/post/1606](https://kusama.polkassembly.io/post/1606)

Schedule a majority-carries referendum to be tabled next once it is legal to schedule
an external referendum.

The dispatch of this call must be `ExternalMajorityOrigin`.

- `proposal_hash`: The preimage hash of the proposal.

Unlike `external_propose`, blacklisting has no effect on this and it may replace a
pre-scheduled `external_propose` call.

Weight: `O(1)`

Approve a proposal. At a later time, the proposal will be allocated to the beneficiary
and the original deposit will be returned.

May only be called from `T::ApproveOrigin`.

# <weight>
- Complexity: O(1).
- DbReads: `Proposals`, `Approvals`
- DbWrite: `Approvals`
# </weight>

- Bifrost is requesting a subsidy for their KSM staking liquidity derivative called vKSM.
- The subsidy will improve incentives for users to stake and provide liquidity for KSM.
- The goal is to promote the use of KSM in different defi scenarios and applications.
- The proposal can be found on the provided link.
- The motion will be voted on by the Council and then by the community.

#505 Treasury proposal: KSM initial liquidity subsidy for KSM staking liquidity derivative - vKSM