Picasso will be bidding for a Kusama parachain from the next 5 slots
Crowdloan participation will be capped at 100,000 KSM, an amount which Composable Finance believes will amply position us for Kusama parachain procurement. Crowdloan stakers will earn 20% of PICA token supply: 2,000,000,000 PICA. KSM staked in Picasso crowdloan will be used to mint kUSD then swapped to USDT, which Composable Finance intends to stake in yield farms.
composablefi.medium.com/the-launch-of-the-picasso-crowdloan-vault-strategy-update-dee65ed00a0d
