**We have an idea on how to make the Kusama network and its parachains great again. **
The first step in this plan is to list all parachain tokens on Basilisk, the DEX created by HydraDX for the Kusama protocol.
We would like to request funding from the Kusama and Basilisk Treasuries for opening XCM channels between Basilisk and other parachains, start trading and engage the community. This funding would cover liquidity mining incentives and some operational expenses, with the ultimate goal of launching liquidity mining campaigns on Basilisk. We are going to operate both – TECHNICAL and COMMUNITY sides. Curio and Quartz have approved and are ready to provide liquidity, while six others are currently in negotiations. Our ultimate aim is to connect all parachains with tradable tokens in this initiative.
TECHNICAL SIDE
There are some developers who are willing to do this work for a reasonable amount of money. Parachains will not need to spend any money or work hours from their employees to connect their project to Basilisk, as we will help with all the necessary steps. The devs will also prepare the XCM on Basilisk's end. The only thing the parachain needs to provide is liquidity on Basilisk, as a second asset in pools or/and KSM pair.
COMMUNITY WORK
We will work with parachains to convince them of the importance of this proposal and the importance of token accessibility. We will informally cover the campaign surrounding Basilisk and Kusama parachains' activities using our robust and active community, which has over 60k subscribers.
QUESTION
We'd like to know the thoughts of the Basilisk council and community. We hope it will be partially funded by the Kusama treasury and Basilisk, making it an affordable proposal. As fans of both Kusama and Basilisk, we aim for their long-term success.
We're open to discussing grants or bounties on Basilisk with council members and curator candidates as well as discuss all processes and estimate a reasonable amount of resources needed, keen to involve more Basilisk/HydraDX community members in this initiative.
Alex PromoTeam
Blockchain Activist | Entrepreneur | Polkadot Head Ambassador | Astar Agent | PromoTeam Member | HydraDX and Basilisk early supporter and fan.