This proposal aims to enhance liquidity and support the trading of jitoSOL and LDOT tokens on Acala by implementing the following key actions. Improved liquidity and trading capabilities for jitoSOL and LDOT tokens on Acala. Enhanced DeFi opportunities for users, with additional incentives to engage in the liquidity pool. Broader adoption and integration of jitoSOL within the Acala network.
Register jitoSOL token metadata to ensure proper identification and representation within the Acala ecosystem.
Update the DEX pre-deploy contract to support the trading requirements of the jitoSOL-LDOT pair.
Deploy the liquidity pool (LP) token contract for the jitoSOL-LDOT pair, which will facilitate users’ ability to provide liquidity and earn rewards.
Configure the liquidity pool on the Euphrates network to support the jitoSOL-LDOT pair, creating new trading opportunities within the ecosystem.
At block #7,304,110 (Estimated time: November 7, 2024, 02:30 AM UTC), the jitoSOL-LDOT bootstrap phase will be initiated, allowing initial liquidity contributions to set the price and prepare the pool.
At block #7,317,403 (Estimated time: November 9, 2024, 02:30 AM UTC), reward incentives for the Euphrates LP jitoSOL-LDOT pool will go live, providing monthly rewards of 700,000 ACA for liquidity providers.