Proposal #8

Open HRMP channel with Picasso

Democracy
3 Comments
Tabled
  • Content
  • AI Summary
Reply
Up
Share
Second
No current seconds
This proposal has been turned into referendum.
  • Call
  • Metadata
  • Timeline2
Comments

Picasso aims to become the DeFi hub of Kusama, connecting parachains with the broader Cosmos ecosystem. Through opening this XCM channel, Karura assets will have access to Picasso dapps, thereby increasing the utility and TVL of aUSD and other Acala tokens.

Reply
Up

For example, we will setup pools for aUSD and KAR on Pablo, as well as integrating them within our later released pallets such as CosmWasm. This opens up the possibility to also support these tokens within our IBC bridge that will launch in the future too.

Reply
Up

Replaced by https://karura.subsquare.io/democracy/proposal/9 because of weight error.

Reply
Up