## Background
Karura aUSD liquidation has a triple cushion/protection system. It will attempt to sell the collaterals on the DEX first, if the price does not meet the required levels, then it will attempt to sell it on auctions, and if that’s unsuccessful, then the collaterals will be collected by the CDP treasury. These collected collaterals can later be sold to clear aUSD debt.

Karura CDP treasury currently has 18,686 collected KSM collateral. The proposal below will outline steps to sell off these KSM to clear aUSD debt.

## Proposal Summary
The goal will be to maximize the amount of aUSD that can be recouped from selling off the collected KSM to repay aUSD debt. There are two on-chain mechanisms at our disposal: auctions and DEX. Auctions will likely result in selling collaterals at a discount, while using the DEX will have better chances to maximize the amount of aUSD recouped.

The following steps will be required to execute via DEX

1. Delegate the KSM to a proxy account that only allows DEX transactions (no balance transfer or other actions are allowed)
2. A trading bot will be using this proxy account to execute trades with the following principles:
  a. Execute small enough trades to avoid slippage
  b. Stop trading if the current KSM trades cannot cover the aUSD debt
  c. Restart trading if projected KSM trades can cover aUSD debts
  d. Randomize trading windows to avoid front-running

3. aUSD traded will directly be deposited back to CDP treasury to cover debt

## Proposal Hash
0x030208030300016d6f646c6163612f63647074000000000000000000000000000000000000000005010082c0e07e7d0d963b5a83937311d816771583ba26513ded06f1d889531c00d7010400000000030300016d6f646c6163612f63647074000000000000000000000000000000000000000005010082c0e07e7d0d963b5a83937311d816771583ba26513ded06f1d889531c00d7010900000000

## Proposal Context
CDP treasury vault address (qmmNufxeWaAUp4SVa1Vi1owrzP1xhR6XKdorEcck17RF498
) delegate DEX swap and Homa transaction proxy to be used by trading bot (rFibBR3JY6BQgWS6owJJz3fgC9Mwp5EzFwPB42Zzg4fUzA5)



Liquidate Collected KSM Collateral

Context
We distribute stable asset rewards manually through our multisig account in the current setup. Due to the manual operations from multisig wallet, we distribute rewards on a weekly basis which we want to shorten to a daily basis. To make the above happen, we deployed a smart contract on EVM+ that disperse funds automatically when we trigger a reward distribution. The EVM contract has been deployed on Karura and it’s been tested extensively. 
Proposal
To use the new EVM+ address deployed in the stable asset pallet, we need to change the fee recipient and yield recipient addresses to the EVM+ address: qbK5taeJoMcwJoK3hZ7W8y2KkGu1iDRUvjrg9xQMsUKrrv7 in polkadot format and 0x05fC4e64B4242ef130F14Da7DFBCd0fD0266bFe7 in EVM format. 
The above call is in the proposal #11: https://karura.subsquare.io/democracy/proposal/11
Preimage hash: 0xa9e6724797d27faecdaec4a9b822acfc158f4fa4b017c6751460a36fbce8c91e
Once the above call is completed, we can distribute the stable asset rewards automatically. 


Proposal to change fee/yield address for the stable asset pallet

https://acala.discourse.group/t/iads-retrieval-of-ausd-in-3usd-pool/2004

 IADS Retrieval of aUSD in 3USD Pool

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.

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.

### Flow

- Accepts existing open request channel from Picasso
- Sends open request to Picasso

### Requires

12 KSM to be on Parachain 2000(Karura) account


### Detailed flow

- Sends XCM message to Kusama
- Puts 2 KSM into holder from Parachain 2000 account
- Sets 2 KSM as payment asset
- Executes batch transaction https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/extrinsics/decode/0x1802083c01270800003c0027080000e803000000900100
- Accepts open channel request from Picasso 2087
- Sends open channel request to Picasso 2087 with default parameters
- Remaining fee assets are returned back to Parachain 2000 account

Open HRMP cross-chain communication channel between Picasso and Karura

# Value:
Picasso enables IBC(trustless bridge) assets transfers and transactions. 

# Enacts:
1. Accepts open request channel from Picasso
2. Sends open request to Picasso

# Requires:
11 KSM to be on Parachain 2000(Karura) account

# Detailed flow:
1. Sends XCM message to Kusama
2. Puts 1 KSM into holder from Parachain 2000 account
3. Sets 1 KSM as payment asset
4. Executes batch transaction https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/extrinsics/decode/0x1802083c01270800003c0027080000e803000000900100
5. Accepts open channel request from Picasso 2087
6. Sends open channel request to Picasso 2087 with default parameters
7. Remaining fee assets are returned back to Parachain 2000 account 

Open HRMP channel with Picasso


0xab09f75407c8c21796daebb610424d547e1dc078121cb2d107d84cd3805b69cf

PHA is locked due to a bug. Request unlocking.

Untitled - public proposal #6

Untitled - public proposal #5

Untitled - public proposal #4

**TL:DR**

PolarisDAO proposed listing ARIS on Karura Swap

**References**

https://linktr.ee/PolarisDAO
https://polaris-dao.gitbook.io/polarisdao/
Token Economics: https://polaris-dao.gitbook.io/polarisdao/phase/token-economics

**Description**

An investment-based Ventures DAO focused on the Polkadot ecosystem. Manage fungible tokens and NFT assets and conduct secondary market transactions. Helps creators unfamiliar with Crypto&NFTs access the broad NFTs market, Invest in and serve creators, providing financial and technical support.

**Motivation**

ARIS is a governance token for PolarisDAO, used for protocol governance and voting on disbursement of funds. A cross-chain link between Statemine and Karura has been opened, and Karura, as the DeFi hub of Kusama, will bring more expansion and integration to ARIS.

**Register ARIS asset details in Karura**

{
  name: PolarisDAO
  symbol: ARIS
  decimals: 8
  minimalBalance: 10,000,000
}


List ARIS on Karura #3

This proposal simply submits this remark to the Karura blockchain. However, if passed, this remark will represent the desire of KAR token holders to further decentralize the validator set nominated by the LKSM proxy-controlled staking account on the Kusama network.

If passed, this proposal asks the Karura Council to act in good faith to submit the following encoded call on the Kusama network using the account: `GRSJgcaG9vv2kRewF11hiCaYdD8dwjCbtnvM112tAmqJ8B1`

Encoded call data: `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`

In summary, this call changes the set validators currently nominated by the LKSM account by replacing the 4 least profitable "P2P.org" validators with well-established independent validators:
	
Replace
`HsxGLNhJabLdnCpY2gQzfevq5BiiMn4dvEj6r6Z1xggq3nJ` (P2P.ORG / 74)
with
`Hf8C626KBAjitMV7w8AhQWDCiPgUU47htEwbomq5mDMKeyL` (bLd Nodes | ValidatorAlliance)
	
Replace
`GZTCN6mH74Wvr6KnqF2pDiJmE1xjPuATdeKo4YAuf4yY3AE` (P2P.ORG / 121)
with
`Ez4AsHErY6svADTciHB4VqdjmEUQsJKfZtsLFoe75sxiNYg` (Alice und Bob / node1)
	
Replace
`DMYLmrFzzxqqhQwKjiq9yycvGMXTKfA9Jo1go1mfT4R7Xrb` (P2P.ORG / 127)
with
`GcYjMe8hksoYUB6sdWBbgWGJL22pZFg1FmDBALqbRSds2fZ` (Bricksz)
	
Replace
`DzSj1Z9PoqM6shYfgn3FTVpavhxF9Jo25kmgGU3NGGfo7qY` (P2P.ORG / 119)
with
`GqC37KSFFeGAoL7YxSeP1YDwr85WJvLmDDQiSaprTDAm8Jj` (Adam_Clay_Steeber)

These are the only changes made to the validator set nominated in the extrinic hash: `0x8622a7cffa58fd13dec5d06ab9084d0d78fd8518688a3f28a5be30b89623aaa0`