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Liquidity Pools on Launch

On launch, Pablo will be the only way of swapping for PICA through dual asset constant product pools, based on the BalancerFi weighted math implementation of (x * y = K) for:

  • KSM/USDT
  • PICA/USDT
  • PICA/KSM

Pablo’s native token, PBLO, is set for launch in late Q1 2023.

Liquidity providers(LPs) directly benefit from the success and adoption of Pablo. LPs are provided LP-tokens relative to the funds they add to a liquidity pool on Pablo. A percentage of the total buy/sell order and swap fees are distributed to liquidity providers. Then the accumulated fees are added back to the pool, effectively resulting in a pro-rata redistribution to LPs based on the LP-token share they redeem and the total value of the pool.

Pablo is uniquely positioned as the hub for cross-chain transactions in DotSama, and community backed liquidity. The initial pools are a mere first step on our path to deep cross-chain liquidity and will be followed by stableswap and liquidity Bootstrapping pools with improved trading opportunities and customization.

How fees work on Pablo

Transaction Fees

Transaction fees are paid by any user posting transactions on-chain. All Fees are calculated based on the “weight” of a transaction representing the computational load and storage cost. The asset used for fees can be changed via BYOG (Bring Your Own Gas) to a configured fee asset of the user's choice.

Swap Fees

Transactions through Pablo native liquidity pools for asset swaps and buy/sell orders incur fees at 0.3% of the total amount traded and are paid by the trader in the input asset.

Initialization of pools

According to this passed proposal at the following link: https://picasso.subscan.io/council/2, the initial pools are seeded by the treasury at $150m FDV for PICA with $50,000 of liquidity, and the 30 day price of KSM for the KSM/USDT pool with $50,000 of liquidity as well. On Tuesday, the 27th of December, trading began at 19:00 UTC (14:00 EST) on Pablo.