Kusama Treasury Fund: Step 1

Summary

This proposal is the 1st step on Kusama Treasury Fund Roadmap.

Proposal

Vote: Polkadot/Substrate Portal

Technical details

The procedure for the spending is as follows:

  1. Currencies::update_balance issues an additional 50,000 KSM on the treasury address (eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F);
  2. Mint 25,000 KSM to vKSM through VtokenMinting::mint method.
  3. Add 25,000 KSM and the corresponding vKSM liquidity to zenlink liquidity pool through the ZenlinkProtocol::add_liquidity method.