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](https://docs.bsx.fi/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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- A referendum is being proposed to start Basilisk's Liquidity Mining program.
- 500,000,100 BSX tokens will be created for this program.
- A BSX "Global Farm" will be created to distribute the tokens over a 3-month period.
- Three "Yield Farms" will be created with a 1x multiplier.
- The farms will have target TVL, loyalty multiplier, and APR parameters.

#18 Mint 500M BSX & Launch Basilisk Liquidity Mining

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