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


currencyId

amount

source

dest

value

totalRewards

plannedYieldingPeriods

blocksPerPeriod

incentivizedAsset

rewardCurrency

owner

yieldPerPeriod

minDeposit

priceAdjustment

asOrigin

call

- 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.

Mint 500M BSX & Launch Basilisk Liquidity Mining

Democracy

#13 Mint 500M BSX & Launch Basilisk Liquidity Mining