Taiga Mainnet Soft Launch
tl;dr
- Taiga Mainnet soft launch on Karura set to 3/8/2022 11:00 HKT
- Benefits for LPs:
- Qualify for $TAI usage airdrop
- Qualify for upcoming crowdsale whitelist
- Earn trading, redemption fees and staking yield in taiKSM
- Reduced impermanent loss for KSM/LKSM trading pair - Benefits for Traders:
- Qualify for $TAI usage airdrop
- Low slippage and highly efficient swap execution
It has been nearly 12 months since our initial engagement with Web3 Foundation and building alongside the Acala team. We are thrilled to announce the Taiga Mainnet soft launch on Karura will take place on 3/8/2022 11:00 HKT
To celebrate this milestone, we are introducing a liquidity event to reward our early supporters and the Karura DeFi community. This is a fantastic opportunity to earn yield and secure exclusive access.
Here are the essentials you need to know in order to get ready for the soft launch!
Video tutorial - https://www.youtube.com/watch?v=ERTJ9xnkUuI
Start Date: 3/8/2022 11:00 HKT
Website: https://apps.karura.network
New LPs
For anyone who is new to the Karura and/or Taiga ecosystem, welcome! You can deposit KSM and/or LKSM to mint taiKSM. In return you will receive taiKSM where you can stake to unlock earnings and attain exclusive access.
Follow our full tutorial or the steps outlined here to mint, stake and redeem taiKSM:
Traders
Calling all KSM holders, Taiga protocol on Karura Swap enables the most efficient swap execution for your KSM assets (KSM-LKSM).
Follow our full tutorial or the steps outlined here to trade:
Benefits as LPs
As LPs, providing KSM liquidity to the taiKSM pool will offer a number of benefits, including:
- Reduced impermanent loss
- Earn swap and redemption fees, paid out in taiKSM*
- 0.25% swap fees
- 0.3% redemption fees - Earn yields generated from LKSM, paid out in taiKSM*
- taiKSM retains the underlying staking yield generated from LKSM - Usage in Taiga protocol will qualify you for:
- Usage based $TAI airdrop**
- Whitelist for upcoming crowdsale events (Tapio and/or Taiga)
Benefits as Traders
As Traders, you will enjoy the most efficient swap execution for the KSM asset pairs. Taiga protocol is powered by the Stable Asset system, benefits include:
- Extremely efficient trading and low risk, using uniform, closely pegged assets (low slippage, fast execution)
- Usage in Taiga protocol will qualify you for:
- Usage based $TAI airdrop**
*taiKSM accumulated via swap, redemption fees and yield generated from LKSM will be distributed at a specified block height (to be announced).
**Usage will be measured based on wallet activities within the Taiga protocol. Interactions such as swap, mint, stake, duration and quantity of taiKSM staked will be used to calculate usage factor which will impact the qualified airdrop.
Resources
Guides center — shorturl.at/bkKNO
taiKSM video tutorial — https://www.youtube.com/watch?v=ERTJ9xnkUuI
About Tapio & Taiga
Tapio is a synthetic asset protocol enabling efficient liquidity for uniform assets on Polkadot. It is designed to mitigate liquidity silos by synthesizing different formats of assets into a highly usable synthetic asset in the Polkadot ecosystem. Taiga is an experimental protocol on Kusama and the sister project of Tapio.
Tapio officially started in early 2021 when we received the Web3 Foundation Open Grant and the inaugural Acala Ecosystem Grant. Our team is composed of engineers, financiers, security experts and serial entrepreneurs based in Canada, China and the U.S.
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