ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Source of YieldAPR Range (Min)APR Range (Max)AdvantagesDisadvantages
2
Proposal 1TAI0.09%1.46%1/ least supply shock on KSM
1/ especially in such market condition, need to consider liquidation risk of collateralized vault position, requires close monitoring of position. May not be ideal in environments with high price volatility
3
50% LKSM & 50% aUSDKAR0.30%12.48%2/ using aUSD as a form of incentive reduces volatility on overall yield2/ high collateralization ratio leads to low capital efficiency of LKSM
4
LKSM1.96%19.24%3/ promotes aUSD adoption as LPs can use aUSD directly in the ecosystem
3/ using half of the LKSM to mint aUSD would give up additional yield from collateral staking. Making the total projected yield for Proposal 3 to be the lowest amongst all proposals
5
aUSD0.39%3.85%
6
LKSM collateral staking0.31%3.08%
7
taiKSM swap fees1.30%1.30%
8
4.36%41.40%
9
10
Proposal 2TAI0.09%1.46%1/ balanced mix of yield tokens received by LPs
11
50% LKSM & 50% taiKSMKAR0.30%12.48%
2/ both LKSM and taiKSM incentives provide additional collateral staking option to further unlock yield
12
LKSM1.96%19.24%3/ second highest overall projected yield amongst all proposals
13
taiKSM1.81%24.18%
4/ 50% of LKSM plus 35% of the underlying composition of taiKSM will be in the form of LKSM, totaling to 85% of the subsidy will be in the form of LKSM, which provides further security to the Kusama network
14
LKSM collateral staking0.31%3.08%5/ less supply shock on KSM relative to directly distributing the full subsidy in LKSM
15
taiKSM collateral staking
0.33%4.35%
16
taiKSM swap fees1.30%1.30%
17
6.10%66.09%
18
19
Proposal 3TAI0.09%1.46%1/ simple operation to earn moderate yield1/ greatest level of supply shock on KSM amongst all proposals
20
100% LKSMKAR0.30%12.48%2/ staking KSM for LKSM provides security to overall Kusama network
21
LKSM3.93%38.48%3/ moderate yield amongst all proposals
22
LKSM collateral staking0.63%6.16%
23
taiKSM swap fees1.30%1.30%
24
6.24%59.87%
25
26
Proposal 4TAI0.09%1.46%
1/ moderate supply shock on KSM relative to proposal 1 because taiKSM can be used in collateral staking to unlock higher yield relative to LKSM collateral staking
27
100% taiKSMKAR0.30%12.48%2/ taiKSM incentives can be used as collateral to borrow aUSD as an alternative option
28
taiKSM3.62%48.36%3/ provides the highest overall projected yield amongst all proposals
29
taiKSM collateral staking
0.65%8.70%
4/ 70% of taiKSM will be composed of LKSM, which also contributes to the overall security of Kusama network
30
taiKSM swap fees1.30%1.30%
31
5.96%72.30%
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100