#18
Mint 500M BSX & Launch Basilisk Liquidity Mining
Democracy
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Executed

This referendum, if approved, will kick off Basilisk’s Liquidity Mining programme by:

  • Minting 500,000,100 BSX - this will come from the BSX supply allocation of 38,000,000,000 BSX tokens for Liquidity Mining incentives [tokenomics]

  • Creating a BSX “Global Farm” to distribute the 500M BSX over a ~3 month period to applicable “Yield Farms”

  • Creating the following 3 “Yield Farms” with 1x multiplier:

  1. BSX <> KSM

  2. BSX <> USDT

  3. BSX <> TNKR

Parameters:

  • Target TVL in each Yield Farm of $222,222

  • Loyalty multiplier starting at 1x and trending towards 2x throughout life of farms

  • Target APR between 20% and 40% depending on how long LP has been in the farm (up to $222,222 TVL in each farm) - total APR scales down beyond this

  • Rewards are paid in BSX at a rate linked to the amount of BSX in the LP position at the time of deposit into the farm

Edited
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50%Aye
50%Nay
Aye
0 BSX
Nay
0 BSX
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0 BSX
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Metadata
Proposer
Hash
Delay
02023-02-16 14:38:06
End
02023-02-16 14:33:29
Threshold
Call
Table
Json
callIndex0x0502
sectionutility
methodbatchAll
args
calls
0
callIndex0x9602
sectioncurrencies
methodupdateBalance
args
whobXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
currencyId0
amount0x000000000000001b1ae531d5ffca4000
1
callIndex0x0202
sectionbalances
methodforceTransfer
args
sourcebXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
destbXj4uMHTtPgSrBzdJtKzThUBZ9YNGMW8PB5mPGjc7fCcRB1xr
value100000000000000
2
callIndex0x7000
sectionxykLiquidityMining
methodcreateGlobalFarm
args
totalRewards500000000000000000000
plannedYieldingPeriods1314000
blocksPerPeriod1
incentivizedAsset0
rewardCurrency0
ownerbXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
yieldPerPeriod152207001522
minDeposit1000
priceAdjustment1000000000000000000
3
callIndex0x0503
sectionutility
methoddispatchAs
args
asOrigin
system
signedbXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
call
callIndex0x7003
sectionxykLiquidityMining
methodcreateYieldFarm
args
globalFarmId1
assetPair
assetIn0
assetOut5
multiplier1000000000000000000
loyaltyCurve
initialRewardPercentage0x000000000000000006f05b59d3b20000
scaleCoef50000
4
callIndex0x0503
sectionutility
methoddispatchAs
args
asOrigin
system
signedbXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
call
callIndex0x7003
sectionxykLiquidityMining
methodcreateYieldFarm
args
globalFarmId1
assetPair
assetIn0
assetOut14
multiplier1000000000000000000
loyaltyCurve
initialRewardPercentage0x000000000000000006f05b59d3b20000
scaleCoef50000
5
callIndex0x0503
sectionutility
methoddispatchAs
args
asOrigin
system
signedbXj4uMHTyQyvNCLHKBv6ztwkPSx8tgsrxuFtAFfWDYntXtohw
call
callIndex0x7003
sectionxykLiquidityMining
methodcreateYieldFarm
args
globalFarmId1
assetPair
assetIn0
assetOut6
multiplier1000000000000000000
loyaltyCurve
initialRewardPercentage0x000000000000000006f05b59d3b20000
scaleCoef50000
TimelineLatest activity undefined
2023-02-14 12:15:30
Started
referendumIndex
13
voteThreshold
SimpleMajority
2023-02-16 14:33:29
Passed
referendumIndex
13
2023-02-16 14:38:06
Executed
result
ok
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