**Summary**

Polaris DAO’s native token ARIS has completed asset registration on Karura, and ARIS transfer between Statemine and Karura has been enabled.

**Proposal**

Enable Bootstrap for ARIS/KSM pool at block #1653970 (est. 2022/03/19 15:00 UTC)
48 hours of bootstrapping period ends at #1662610 (est. 2022/03/21 15:00 UTC)
Minimum liquidity target is 2,000,000 ARIS OR 1,000 KSM
Minimum contribution requirement is 200 ARIS OR 0.1 KSM

No trading is allowed during Bootstrap, and trading can only be enabled once the following criteria are met:

The **Not Before** block #1662610 (est. 2022/03/21 15:00 UTC) has passed AND
Either the pool has 2,000,000 ARIS OR 1,000 KSM in liquidity
Both ARIS & KSM has >0 liquidity
If this referendum passes, and Bootstrap kicks off:

It will start at block #1653970 til #1662610 (roughly 48 hours)
**NO trading is allowed** during this period
You can contribute liquidity for ARIS, or KSM, or ARIS & KSM at the same time. The actual exchange rate of ARIS/KSM can only be known once the Bootstrap is completed .
At the time of your contribution, you are allocated a number of LP tokens, and indicative LP shares of the pool, which are subject to change as more liquidity is added.
**You should only participate if you want to become a liquidity provider for the pool. Please be aware of various risks associated with being a liquidity provider .**

If you just want to trade, then please wait till the trading is enabled.

**Incentive Program**

PolarisDAO has allocated 500,000 ARIS for an incentive program for the liquidity provider of ARIS/KSM pool with total duration of 30 days.

Total Incentives
500,000 ARIS
**KAR** - There may be additional incentives from the Acala Foundation. TBA if applicable.
Duration: from block #1662610 to #1792210
Loyalty Bonus Percentage: 70%
Claim rewards before loyalty program ends will void loyalty bonus, which is 70% of the rewards.
Claim rewards after loyalty program ends (#1792210) will be eligible for the loyalty bonus.

List ARIS/KSM pair on Karura Swap and incentive program for ARIS/KSM liquidity providers

PolarisDAO's native token ARIS has been registered in Karura. The next step will be to start the token transfer between Statemine and Karura. Karura's ARIS will also be able to return to Statemine after #40 Runtime Upgrade is completed. OpenSquare is developing multi-chain asset support, and once completed, Karura's ARIS will also support governance voting.

PolarisDAO has had preliminary communication with Karura team on the issue of ARIS listing and trading. Bootstrap will be launched on Karura in the near future, and the specific date and launch parameters are being confirmed.

First, PolarisDAO will enable one trading pair in Karura, and when the trading volume meets the conditions, another trading pair will be enabled. There are two options for the first-time trading pair, ARIS/KSM and ARIS/KUSD. Both trading pairs have their own advantages and disadvantages. KSM is easier for people to participate in conveniently, and KUSD is more convenient for marking prices. PolarisDAO launched ARIS voting in the PolarisDAO space, ARIS holders please actively participate in the voting.