Kusama Subsidy Distribution: Step 1

Summary

The 50,000 KSM liquidity loan will be deployed to Zenlink in the existing Swap vKSM-KSM pair:

• The total 50,000 KSM will be split in percentage of vKSM and KSM in AMM: According to the current pool share, 25,000 KSM worth of vKSM (at current mint rate 1.227588 KSM) and the rest of KSM will be provided as the liquidity.

• The total liquidity position will be 20365.146282 vKSM - and roughly 25,000 KSM (in live rate) to the existing Zenlink Swap vKSM-KSM Pair. (Zenlink) ;

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.

   Liquidity provide on Zenlink

   • 20365146282000000 vKSM (12 decimals)
   • 24926067326354038 KSM (12 decimals)