### 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.

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Enable Karura aSEED Collateral Redemption Function

- 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

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

Karura runtime upgrade to 2270

#114: Runtime upgrade

Update incentives for KAR staking and KAR/USDC LP staking

#112 - Runtime upgrade - Update Polkadot SDK and upgrade Acala EVM+

Proposal: [Marketing campaign for Karura with Playnation]

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

Gate.io is a digital asset exchange platform used by millions of people around the world. They are planning to host a trading competition for KAR in the next few days. Karura Foundation will provide $10k worth of KAR as a reward for activating the trading volume and depth of KAR in Gate. 

There are three activities in the KAR trading campaign. 

Activity 1: Users who make no less than $200 spot trading volume in KAR will share $8,000 GROW portionally.

Activity 2: New users who register during the activity period for a Gate.io account will receive $10 each, first come, first served. New users who have no less than $50 fiat trading volume will have the opportunity to receive an additional $5.

Activity 3: Users who invite friends during the activity period to register for a Gate.io account will receive $5 for each invitee.

The total budget for the campaign will be 77,519 KAR tokens, and the campaign period will be 1 week.

Proposal for KAR Trading competition reward on Gate.io Exchanges.

Perform least swap with para id 2233

#107 - Runtime upgrade - Update Polkadot SDK and upgrade Acala EVM+

- The aSEED treasury has some tokens and wants to make more money.
- They plan to do this by staking and other ways.
- They want to meet certain goals to make their tokens worth more.
- They suggest staking all KSM via LKSM and staking all KAR.
- They also want to bond some KAR for staking and convert some KSM to LKSM.

Stake aSEED(Karura) Treasury Tokens

Refund KSM for failed XCM transfer

- Acala 2.0 Exodus plan includes aSEED conversion.
- CDP positions on Karura with outstanding debt will be settled at pre-approved prices.
- Collaterals for unpaid debt will become part of aSEED treasury.
- CDP owners have 1 week to repay debts and withdraw collaterals to avoid conversion.
- After conversion, there will be a vote for redemption rules.

Exodus Stage 2 - aSEED(Karura) conversion

Refund KSM for failed XCM transfer 

Update Predeployed Token Contracts for KSM & LKSM

[Retroactive] Subsquare maintenance request for 2023

#99 - Runtime upgrade - Update Polkadot SDK and support XCM NFT transfer

Voting - Adjust the reward rate for KAR staking and KAR/USDC LP staking

- There was an issue with a recent upgrade to Kusama that caused some transfers to not be fully executed.
- This means that some KSM (a type of cryptocurrency) that were sent to Karura did not get credited to the correct account.
- To fix this, a proposal was made to mint (create) the missing KSM on the correct account at Karura.
- A list of the transfers that were impacted can be viewed on a website called GitHub.
- This is important because it helps make sure that people's cryptocurrency transfers are completed correctly.

Restore partially executed XCM transfers

#96 Runtime upgrade - Bug fixes and improvements

Karura Network has introduced two sub-programs to enhance KAR's role as a fundamental utility. The first sub-program is KAR Staking, which aims to align stakeholders, participants, and network infrastructures. The target KAR Staking APR is 10%, and the target staking rate is 30% to 50%. The second sub-program is KAR Liquidity Pair, which fosters liquidity within the Karura ecosystem. The first pair is KAR-USDCet, and the target APR is 10% - 16%. The proposal covers the initial two months' incentives, and further incentive adjustments will be proposed in the following weeks. The proposal includes transferring 883,332 KAR from Karura Treasury to incentives reward vault account, setting KAR staking incentive reward rate, starting bootstrap KAR/USDCet pair on Karura Swap, and enabling claim loyalty bonus for KAR/USDCet.

Democracy External Proposals