Polkassembly Logo

Create Pencil IconCreate
Chat with KlaraComing Soon
OpenGov
View All Big Spender

Kusama Hydration: Treasury LP

inBig Spender
8 months ago
Executed

Requested Amount: 33,333 KSM

Date (Discussion): 21-01-25

Short Description: Strengthen KSM on-chain liquidity by providing 33,333 KSM as liquidity into the Hydration Omnipool - opening up value flows between Kusama and Polkadot. The funds remain under the control of the Kusama Protocol and OpenGov after successfully launching KSM trading on Hydration.

Please read the full proposal here.

Summary

The goal of this proposal is to contribute towards building an accessible, deep layer of native liquidity on Polkadot and connecting that with Kusama - encouraging value flows between the sister chains without the need for a centralised intermediary.

If approved, this proposal will provide 33,333 KSM from the Kusama Treasury into the Hydration Omnipool - after KSM is launched for swaps on Hydration, the liquidity position will remain under the control of the Kusama Protocol and OpenGov.

The requested KSM would be added to the Omnipool as single-sided liquidity, in the same way that 1,000,000 DOT were added through ref #560 - this would be the most liquid trading venue for KSM on Polkadot and finally provide a simple and trustless way to move value between Polkadot and Kusama. No more hops on CEX required to make the move!

Comments (13)

8 months ago

totally agree with this proposal. but i think 333333 KSM (~1M $ at the current value) is too small. Could the team add more? Imo 100k KSM (3M $) is good for trading on Hydration

8 months ago

@DuUR...bJWG We can ofc request more KSM if that is the outcome of this discussion!

8 months ago

I strongly support this proposal.
This will help the ecosystem not only to move assets between Polkadot and Kusama but hopefully open the door for more activity on Kusama.

Such a gateway placed in a known and well-working DeFi is a no-brainer.

This solution also reduces dependency on centralized exchanges, aligning with Kusama rebellious ethos.

Load more comments
PleaseLogin to comment

Requested

DOT
3.33M DOT

Proposal Passed

Summary

0%

Aye

AyeNay

0%

Nay

Aye (68)0.0 DOT

Support0.0 DOT

Nay (0)0.0 DOT

Help Center

Report an Issue
Feedback
Terms and Conditions
Github

Our Services

Docs
Terms of Website
Privacy Policy

A House of Commons Initiative.

Polka Labs Private Limited 2025

All rights reserved.

Terms and ConditionsTerms of Website
Privacy Policy