**UPDATE: we have found issues in testing, so the execution of this proposal will need to be delayed**

## Background
The integration of JitoSOL will enhance liquidity and yield opportunities for our users, aligning with our vision to be the central Liquidity Layer X for all blockchains. After Euphrates opens the JitoSOL pool, the team will refer to the scale and further discuss what kind of liquidity these JitoSOL will be converted into. Before this, users can stake/unstake without restrictions.

## Proposal Content
1. Transfer 500,000 ACA as reward token (incentive for the 1 month) from Acala Treasury account to AF Account.
2. At block #6,518,500 (Estimated Time:2024-07-05 02:19:33 +UTC), open JitoSOL pool.
3. At block  #6,520,000 (Estimated Time:2024-07-05 07:19:37 +UTC), update ACA reward rate to 500,000  ACA per month, and last 1 month for JitoSOL pool.


- A new integration called JitoSOL will be added to enhance liquidity and yield opportunities for users.
- The team will discuss what kind of liquidity these JitoSOL will be converted into after opening the pool.
- Users can stake/unstake without restrictions before the pool opens.
- 500,000 ACA will be transferred as a reward token for the first month from Acala Treasury account to AF Account.
- The JitoSOL pool will open at block #6,518,500 and the ACA reward rate will be updated to 500,000 ACA per month for the last month at block #6,520,000.

calls

#308·REJECT - Euphrates - open JitoSOL pool

Background

Proposal Content