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


The proposal outlines developments for Subsquare and Dotreasury, including retroactive work and new features. Subsquare enhancements involve Collectives support, governance statistics, and UI improvements. Dotreasury plans for a dark mode, spend statistics, and better filtering options. With a comprehensive budget estimate, the proposal aims to enhance user experience and functionality across both platforms within the Polkadot ecosystem.

Create 78 promotional and educational videos in Chinese about Polkadot ecosystem.

- This referendum is about starting a Liquidity Mining program for Basilisk.
- They will mint 500,000,100 BSX tokens for this program.
- They will create a BSX "Global Farm" to distribute the tokens over 3 months.
- They will also create 3 "Yield Farms" for different token pairs.
- The rewards for participating in the farms will be paid in BSX tokens.

#13 Mint 500M BSX & Launch Basilisk Liquidity Mining

No Active Proposals