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## Summary

This proposal will enable following changes:
- Enable LCDOT/DOT pair via Bootstrap
- Enable LCDOT/aUSD pair via Bootstrap
- Enable ACA/aUSD pair via Bootstrap
- Enable ACA Incentive Program， and staking incentives for LCDOT/DOT, LCDOT/aUSD, and ACA/aUSD
- Enable DOT and LcDOT as collaterals to mint aUSD

## 1. List LCDOT/DOT on Acala Swap via Bootstrap
- bootstrap will start at ˜UTC 2:00am Feb 9th (block #369120) and last 24 hours ends ˜UTC 2:00am Feb 10th (block #376050)
- target LCDOT: 12,000 LCDOT
- target DOT: 10,000 DOT

## 2. List LCDOT/aUSD on Acala Swap via Bootstrap
- bootstrap will start at ˜UTC 2:00am Feb 10th (block #376050) and last 24 hours ends ˜UTC 2:00am Feb 11th (block #382980)
- target LCDOT: 20,000 LCDOT
- target aUSD: 200,000 aUSD

## 3. List ACA/aUSD on Acala Swap via Bootstrap
- bootstrap will start at ˜UTC 2:00am Feb 15th (block #411000) and last 24 hours ends ˜UTC 2:00am Feb 16th (block #417930)
- target ACA: 50,000 ACA
- target aUSD: 100,000 aUSD

## 4. Enable DOT as collateral
- will start at ˜UTC 2:00am Feb 10th (block #376050)
- Liquidation Ratio: 1.6
- Min collateral ratio: 2.0
- Liquidation penalty: 0.15
- Stability fee: 0.03
- Debt ceiling: $50M

## 5. Enable LcDOT as collateral
- will start at ˜UTC 2:00am Feb 10th (block #376050)
- Liquidation Ratio: 2.25
- Min collateral ratio: 2.75
- Liquidation penalty: 0.15
- Stability fee: 0.03
- Debt ceiling: $5M

## 6. Enable ACA Incentive Programs

#### Total 1,000,000 ACA Rewards for 6 Months Incentive Programs.

- This will be distributed to different pools on Acalaswap
- Allocation to each pool will be adjusted every month and according to new assets became available e.g. once LDOT becomes available, more incentive will be shifted from DOT to LDOT to increase capital efficiency.

### LCDOT/DOT
#### LCDOT-DOT LP Token Staking Incentive, 1st Month share 50,000 ACA in Rewards
- Stake LCDOT-DOT LP token to receive rewards
- Starts: 2022-02-10 at ˜UTC 4:00AM (block #376625)
- 1st Month Reward: Total 50,000 ACA
- Loyalty Bonus: 60% (20k base rewards + 30k loyalty bonus)
- Reward payout: Every 5 blocks
- The program is expected to run for 6 months

### LCDOT/aUSD
#### LCDOT-aUSD LP Token Staking Incentive: 1st Month share 75,000 ACA in Rewards
- Stake LCDOT-aUSD LP token to receive rewards
- Starts: 2022-02-11 at ˜UTC 4:00AM (block #383555)
- 1st Month Reward: 75,000 ACA
- Loyalty Bonus: 60% (30k base rewards + 45k loyalty bonus)
- Reward payout: Every 5 blocks
- The program is expected to run for 6 months

### ACA/aUSD
#### ACA-aUSD LP Token Staking Incentive: 1st Month share 100,000 ACA in Rewards
- Stake ACA-aUSD LP token to receive rewards
- Starts: 2022-02-16 at ˜UTC 4:00AM (block #418505)
- 1st Month Reward: 100,000 ACA
- Loyalty Bonus: 60% (40k base rewards + 60k loyalty bonus)
- Reward payout: Every 5 blocks
- The program is expected to run for 6 month

## Please note

- Participate via Earn - LP Staking
- APY is adjusted in real-time with on-chain rewards and number of participants, and specific APY is subject to the page display at the time
- Early reward redemption: users can choose to redeem rewards in advance (before the program ends). If rewards are redeemed early, the base reward will be redeemed to the account, and the Loyalty Bonus will be returned to the pool shared by other LPs.
- LP tokens can be withdrawn at any time. No further rewards will be distributed for withdrawn LPs, but existing rewards will not be affected.

## Referendum

- https://acala.subscan.io/referenda/2
- https://acala.subsquare.io/democracy/referendum/2

PolkaWorld proposes a social contract with the Polkadot treasury for operations and maintenance from June to August 2023 with main goal to continue supporting the Chinese community's education on Polkadot. Activities include publishing articles, hosting meetups, conducting online broadcasts, producing educational videos, and interviewing ecosystem teams. PolkaWorld emphasizes its extensive collaboration since 2019 and highlights past contributions, such as article publications and event hosting. The proposal underscores a commitment to regular reporting and provision of review processes for accountability.

Reward 20 collators of the Polkadot System Parachains for 2 month operational expenses. The tip amount varies from 59-512 $DOT.

- There is a proposal to make some changes to the Acala platform.
- They want to list different pairs of tokens on Acala Swap through a process called Bootstrap.
- They also want to enable DOT and LcDOT as collaterals to mint aUSD.
- There will be incentive programs where people can stake their tokens and earn rewards.
- The proposal is open for voting in a referendum.

Enable Pairs & Incentive Programs & Enable Collaterals

No Active Proposals