#37
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

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Business
Metadata
Proposer
Index
37
Threshold
4
Hash
0x207258411745dee84b56cdfa1ccacd6c8878527a79eb7c9a121382a598e24300
Call
Table
Json
callIndex0x0707
sectiondemocracy
methodfastTrack
args
proposalHash0xe18360b66c1d8b451c27b102d63c2a06f56ffc65df0f73af4413ef81d3d06cd8
votingPeriod14400
delay22
TimelineLatest activity undefined
2023-02-14 12:03:54
Proposed
fastTrack
4/4
Aye(4)
Nay(0)
2023-02-14 12:03:54
Vote
2023-02-14 12:05:30
Vote
2023-02-14 12:07:12
Vote
2023-02-14 12:13:00
Vote
2023-02-14 12:15:30
Closed
2023-02-14 12:15:30
Approved
2023-02-14 12:15:30
Executed
Result
Succeed
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