How to contribute liquidity in BNC/kUSD Bootstrap pool

Introduction:

On October 19th, a 48-hour BNC/kUSD Bootstrap swap pool was launched in Karura when the block number #782000 was reached. This Bootstrap needs to reach the set standard target: 20,000 BNC or 200,000 kUSD liquidity. As of now, the liquidity target has been over 500%+ completed, the addresses holding kUSD/BNC can still continue to participate. At the end of Bootstrap, the BNC/kUSD trading pair will be launched and the liquidity incentives of 200k BNC & 25k KAR will be activated.

At the same time, the incentive plan will also provide generous mining rewards:

BNC reward

Reward Eligibility: Provide liquidity for BNC/kUSD at Karura Swap
Award period: 3 months
Reward: 200,000 BNC

KAR reward

Reward Eligibility: Provide liquidity for BNC/kUSD at Karura Swap
Award period: 3 months
Reward: 25,000 KAR

*After Bootstrap ends, you can claim your LP and participate in reward mining.

Preliminary preparation:

  1. BNC or kUSD (both Tokens can add liquidity, kUSD can be obtained through Karura Swap, or mint kUSD: Mint kUSD - Karura Apps)
  2. KAR or KSM (used to pay parachain fees)

Tutorial

How to contribute BNC/kUSD

Step 1: Go to https://bifrost.app/, select “Wallet”, and jump right into the BNC Cross-chain.

Step 2: Press “cross-out” and input the number of BNC that you want to transact to Karura.

Step 3: Confirm the transction and go to Karura Platform
, scroll down and check out your BNC balance.

Step 4: Go to Swap and get right into the kUSD-BNC Bootstrap.

Step 5: Choose the Token you want to contribute (kUSD,BNC or both of them), input number and tap Bootstrap.

Step 6: Sign and finish the liquidity contributing.

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