- Problem Statement: Bifrost Finance seeks a loan of 50,000 KSM from the Kusama treasury to provide initial base liquidity for the KSM and vKSM pair, aiming to enhance the Kusama ecosystem and drive KSM-related economic growth and adoption.
- Significance: The loan will provide liquidity for staked KSM, promote capital utilization of KSM in various DeFi scenarios, improve incentives for users to nominate and pledge tokens, and increase treasury funds utilization.
- Proposed Solution: Bifrost will develop an SDK for cross-chain vKSM mint/redeem calling convenience, facilitating cross-chain liquidation for vKSM/KSM. The loan will be 100% repaid in full plus interest.
- Expected Outcomes: The proposal aims to kick-start the usage of vKSM across various DeFi applications within the Kusama and broader Polkadot ecosystem, driving KSM related economic growth and adoption. The loan will be repaid with an additional 19% staking interest, totaling around 54,750 KSM.

#1606 Treasury propoal: KSM initial liquidity subsidy for KSM staking liquidity derivative - vKSM

No Active Proposals