### Summary
- The proposal suggests reopening the redemption function for aSEED on Karura to improve liquidity.
- aSEED supply is 2,836,865, backed by 9.16M KAR and 142.78K LKSM.
- Current book value is about $2,184,789.87, with 1 aSEED worth $0.77.
- The redemption function would allow users to redeem aSEED before it reaches $1.
- Steps include unstaking KAR, claiming rewards, and opening redemption at block #8440000.

proposal

Enable Karura aSEED Collateral Redemption Function

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frequency

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calls

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- Karura is closing HRMP channels with certain parachains/parathreads due to insufficient maintenance.
- This affects asset transfers between Karura and these parachains/parathreads.
- Affected parachains/parathreads include Parallel Heiko, Genshiro, Litmus, KICO, and Pichiu.
- Users need to transfer their assets before the channels close.
- A longer referendum period is suggested to give users more time.
- Karura's bridge front end will display an announcement with details.
- This change aims to protect user assets and mitigate risks.

Proposal to Close Some HRMP Channels

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Update the reward rate for KAR staking and KAR/USDC LP staking

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Karura runtime upgrade to 2270

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#114: Runtime upgrade

updates

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dest

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Council Motions