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We should bootstrap KSM liquidity in the Polkadot ecosystem (and possibly vice-versa). This could be done by Kusama treasury.
Afaict the easiest way to do that is to first start with bootstrapping KSM liquidity in Hydration Omnipool. The reason this is easier to do than on other DEXs is that the liquidity provider (Kusama Treasury) wouldn't need a "pair" token to provide KSM liquidity, it can provide KSM only liquidity to the Omnipool.
Then, the Treasury (or any other ecosystem agent) can easily/easier provide KSM liquidity to other DEXs that work on token pairs by using the Hydration Omnipool to swap KSM for USDT (or whatever) and provide that KSM/USDT (or whatever) liquidity to other ecosystem DEXs.
Afaik people from Hydration are already looking into this, but are first asking for the ability to emulate Kusama Treasury gov proposals over P<>K bridge using Chopsticks.
Opening this here to raise visibility and coordinate on a clear plan.
The text was updated successfully, but these errors were encountered:
We should bootstrap KSM liquidity in the Polkadot ecosystem (and possibly vice-versa). This could be done by Kusama treasury.
Afaict the easiest way to do that is to first start with bootstrapping KSM liquidity in Hydration Omnipool. The reason this is easier to do than on other DEXs is that the liquidity provider (Kusama Treasury) wouldn't need a "pair" token to provide KSM liquidity, it can provide KSM only liquidity to the Omnipool.
Then, the Treasury (or any other ecosystem agent) can easily/easier provide KSM liquidity to other DEXs that work on token pairs by using the Hydration Omnipool to swap KSM for USDT (or whatever) and provide that KSM/USDT (or whatever) liquidity to other ecosystem DEXs.
Afaik people from Hydration are already looking into this, but are first asking for the ability to emulate Kusama Treasury gov proposals over P<>K bridge using Chopsticks.
Opening this here to raise visibility and coordinate on a clear plan.
The text was updated successfully, but these errors were encountered: