Whitelisted by  Fellowship #114

Kusama Subsidy Repayment Step 1: Withdraw LP from Stable Pool

Summary

This proposal aims to withdraw KSM subsidy from Bifrost, and repay to Kusama Treasury, with proportion of 54,247.34 BLP withdrawn from stable pool.

Withdraw BLP

  • Bifrost borrowed 50,000 KSM subsidy from Kusama Treasury in July, 2023, and distributed the liquidity in two batches:
    1. Batch 1: Zenlink pool, with proportion:
      • vKSM: 20,365,146,282,000,000 (12 decimals)
      • KSM: 24,926,067,326,354,038 (12 decimals)
    2. Batch 2: Liquidity migrated from Zenlink to Bifrost Stable pool, with propotion:
      • vKSM: 20,132,678,847,817,602 (12 decimals)
      • KSM: 25,000,000,000,000,000 (12 decimals)
  • Now, this proposal aims to withdraw proportion from Bifrost Stable pool, with interest of past 14 months, the estimated LP proportion would be:
    • BLP: 54,247.34 (equals to 54,279.2367 KSM for Treasury repayment)
      • vKSM: 22,831.5036
      • KSM: 21,027.2313
Edited
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Decision7d
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256KBNC
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2.5MBNC
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Bifrost treasury received:

Edited

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