The last Kusama runtime upgrade introduced an issue that may result some XCM transfer to be partially executed. For more details, please check [this post](https://forum.polkadot.network/t/xcm-upgrade-to-v3/4690).

The KSM are sent to the Karura sovereign account on Kusama however due to the issue, Kusama did not send XCM to Karura to allow Karura to credit the received KSM to destination account. In order to correct this, this proposal will mint those KSM on the destination account at Karura.

A list of impacted transfers into Karura are collected and can be view [here](https://gist.github.com/xlc/3099187a894461294a57b69736590b5e).



- 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

## Summary
This is a runtime upgrade for Acala & Karura that introduces new configurations for pallet incentives and minor improvement for xtokens precompile.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.22.0

# Referendum
https://karura.subscan.io/referenda/96
https://karura.subsquare.io/democracy/referendum/96

#96 Runtime upgrade - Bug fixes and improvements

## KAR Staking Sub-Program

At the heart of this program is the aim to align stakeholders, Karura ecosystem participants, protocol functionalities, network infrastructures, ecosystem growth, and KAR utility within the Karura Network. By doing so, we seek to optimize network growth and sustainability while enhancing KAR’s role as a fundamental utility.

- Target KAR Staking APR: 10%
- Target Staking Rate: 30% to 50%

APR will vary depending on market conditions and participation. This proposal covers the initial two months’ incentive, and further incentive adjustments will be proposed in the following week.

## KAR Liquidity Pair Sub-Program

We understand the importance of fostering liquidity within the Karura ecosystem. To achieve this, we’re introducing long-term incentivized liquidity pools on Karura Swap, powered by KAR. The first pair is KAR-USDCet with the following parameters

- Target APR: 10% - 16%
- Target liquidity $300k - 600k

APR will vary depending on market conditions and participation. This proposal covers the initial two months’ incentive, and further incentive adjustments will be proposed in the following month.

Sub-programs of other liquidity pairs will be available in separate proposals.

## Proposal Contents

1. Transfer 883,332 KAR from Karura Treasury to incentives reward vault account (qmmNufxeWaAVN8EJK58yYNW1HDcpSLpqGThui55eT3Dfr1a)
a. 716,666  KAR for KAR staking
b. 166,666 KAR for KAR-USDCet pair
c. This is the first two months’ incentives

2. at block #5,386,400(estimated time: 2023-10-10 06:05 (+UTC)), set KAR staking incentive reward rate to 300,000 KAR for the first month. base reward 240,000 KAR, loyalty bonus 60,000 KAR

3. at block #5,386,700(estimated time: 2023-10-10 06:03 (+UTC)),  start bootstrap KAR/USDCet pair on Karura Swap
a. minimum contribution is 15 KAR or 1 USDCet
b. bootstrap target is 150,000 KAR or 10,000 USCet
c. it will not end before block #5,401,100

4. at block #5,401,100(estimated time: 2023-10-12 06:03 (+UTC)) :
a. end bootstrap for KAR/USDCet pair. 
b. set KAR/USDCet incentive reward rate to 166,666 KAR for first two months. base reward 83,333 KAR, loyalty bonus 83,333 KAR

5. at block #5,602,400(estimated time: 2023-11-09 05:03 (+UTC)), increase KAR staking incentive reward rate to 416,666 KAR for the second month. base reward 333,332.8 KAR, loyalty bonus 83,333.2 KAR

6. at block #6,466,700(estimated time: 2024-03-08 06:03 (+UTC)), enable claim loyalty bonus for KAR/USDCet

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.

Initial Stage of the KAR Staking and Karura Swap Liquidity Mining Program 🚀

## Summary
This is a full release for Acala & Karura that fixes issues for ACA/KAR staking, liquid crowdloan, and EVM pallets.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.21.0

# Referendum
https://karura.subscan.io/referenda/94
https://karura.subsquare.io/democracy/referendum/94

#94 Runtime upgrade - Bug fixes and improvements

## Summary
This is a full release for Acala & Karura that upgrades Substrate/Cumulus/Polkadot to v1.0.0. This also includes KAR staking pallet.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.20.0

# Referendum
https://karura.subscan.io/referenda/93
https://karura.subsquare.io/democracy/referendum/93

#93 Runtime upgrade - Update Substrate/Cumulus/Polkadot version to v1.0.0

https://acala.discourse.group/t/kar-emission-upgrade/2181

KAR Emission Vote

This proposal will convert aUSD to aSEED in the on-chain assetRegistry (token name as aUSD SEED and token symbol as aSEED), read more [here](https://wiki.acala.network/acala-exodus-upgrade/ausd-seed-aseed#ausd-conversion)

Karura preimage:
`0x7a070081246155534420534545441461534545440c00e40b54020000000000000000000000`

Refer: https://acala.discourse.group/t/aseed-i-ausd-to-aseed-conversion/2175


aSEED I: aUSD to aSEED conversion

https://acala.discourse.group/t/karura-proposal-revert-ausd-quota-initiated-for-the-fungibility-pallet/2171

Revert aUSD quota initiated for the fungibility pallet

## Background
Following the passing of the vote for the generation of the Exodus Plan, this is to propose aSEED (Karura) I setting risk parameters of aUSD including stop aUSD minting, liquidation etc in preparation for aUSD conversion to aSEED (Karura). Below are the risk parameters to be adjusted: 
+ Liquidation Ratio = 0%
+ Debt Ceiling = 0
+ Stability Fee = 0
+ Liquidity Penalty = 0

## Reference
+ [General direction vote](https://voting.opensquare.io/space/karura/proposal/QmUuHgFt4fN4iKU6JzW2utx2cykz4Er3EyhLHRwYEjDk3r)
+ [The Exodus Plan](https://acala.discourse.group/t/acala-exodus-plan/2125)


- A proposal has been made to adjust risk parameters for aUSD to aSEED (Karura) conversion.
- This is in preparation for the Exodus Plan, which is a plan to move from one platform to another.
- The risk parameters being adjusted include liquidation ratio, debt ceiling, stability fee, and liquidity penalty.
- The proposal was made after a vote was passed for the Exodus Plan.
- You can find more information about the vote and the Exodus Plan in the provided links.

aSEED (Karura) I Setting risk parameters of aUSD

Register PEPE - Statemine asset #7373

## Summary
This is a runtime upgrade for Karura that upgrades Substrate/Cumulus/Polkadot to v0.9.40. This also includes Eth Call V2 format and various improvements to Acala EVM+.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.18.0

# Referendum
https://karura.subscan.io/referenda/88
https://karura.subsquare.io/democracy/referendum/88

Runtime Upgrade - Update Substrate/Cumulus/Polkadot version to v0.9.42

## Proposal

The following suggestion is proposed to optimize for risk management for Karura.
+ Decrease Debt Ceiling of KSM from 25M to 10M
+ Decrease Debt Ceiling of LKSM from 5M to 2M
+ Decrease Debt Ceiling of KAR from 3M to 1M

Risk parameters are best adjusted according to market conditions to balance insolvencies, liquidations, and capital efficiency. A lower debt ceiling helps mitigate the risk associated with excessive debt exposure and enable the protocol to remain solvent and resilient in volatile market conditions.

- Karura is a platform that needs to manage risk to stay safe.
- They want to decrease the amount of debt they allow people to take on.
- This will help them stay safe in case the market changes a lot.
- They want to decrease the debt ceiling for KSM, LKSM, and KAR.
- This will help them be more careful with how much money they lend out.

Karura Risk Parameter Change Proposal - May 2023

https://acala.discourse.group/t/proposals-to-fix-problems-caused-by-a-special-case-handling-issue-in-taiga-stable-asset-pallet-on-karura/2078/10?u=xlc

Resume full functionality of Taiga stable asset pallet on Karura

This is a runtime upgrade for Karura that fixes issue for Taiga stable asset pallet.

Release note: https://github.com/AcalaNetwork/Acala/releases/tag/2.17.0 

Runtime upgrade to fix Taipa stable asset pallet

https://acala.discourse.group/t/proposal-1-to-fix-problems-caused-by-a-special-case-handling-issue-in-taiga-stable-asset-pallet-on-karura/2078

Proposal 1 to fix problems caused by a special case handling issue in Taiga stable asset pallet on Karura

https://acala.discourse.group/t/karura-risk-parameter-change-proposal/2062/2

Karura Risk Parameter Change Proposal

Hi guys,

We are proposing to register the following ERC20 assets on Karura bridged from Ethereum by the Portal Wormhole bridge:
1. Arbitrum - ARB
2. Lido - LDO
3. Shiba Inu - SHIB
4. Polygon - MATIC
5. BNB - BNB
6. Uniswap - UNI
7. Binance USD - BUSD
8. Chainlink - LINK
9. Apecoin - APE
10. Wrapped Bitcoin - WBTC
11. Wrapped Ether - WETH
The main reason is to be able to transfer them to Calamari Network via XC , where they can anonimized using the MantaPay pallet.

Thank you for the attention.

Register ERC20 Assets

## Summary
This is a runtime release for Karura to include some compatibility fixes for upcoming XCM v3 upgrade on Kusama.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.15.0

# Referendum
https://karura.subscan.io/referenda/80
https://karura.subsquare.io/democracy/referendum/80



#80 Runtime Upgrade - XCM v3 compatibility fixes

## 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)



- Karura has a system to protect against losses when selling collaterals to repay aUSD debt.
- They have collected 18,686 KSM collaterals in their CDP treasury and want to sell them to repay aUSD debt.
- They plan to use DEX to sell the KSM collaterals to maximize the amount of aUSD recouped.
- They will delegate the KSM to a proxy account and use a trading bot to execute small trades and avoid slippage.
- The aUSD traded will be deposited back to CDP treasury to cover the debt.

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. 


- A company wants to give rewards to people.
- They used to give rewards once a week, but now they want to give rewards every day.
- They made a new computer program to help them give rewards automatically.
- They need to change some addresses to make the new program work.
- They made a plan to change the addresses and it's called proposal #11.

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

## Summary
This is a full release for Acala & Karura that upgrades Substrate/Polkadot/Cumulus version to v0.9.33 and fix an issue about XCM transfer ERC20.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.12.0

# Referendum
https://karura.subscan.io/referenda/77
https://karura.subsquare.io/democracy/referendum/77

#77 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus to v0.9.33 and bug fixes

https://acala.discourse.group/t/proposal-to-claim-credit-users-affected-by-statemine-kusama-version-issues/2009

Proposal to claim/credit users affected by Statemine & Kusama version issues

https://acala.discourse.group/t/gauntlet-risk-parameter-recommendation-12-20-2022/1975

Gauntlet Risk Parameter Recommendation (12/20/2022)

# Summary
This is a full release for Acala & Karura that upgrades Substrate/Polkadot/Cumulus version to v0.9.31 and implemented sanity checks for some parameter updates.

Release Note: https://github.com/AcalaNetwork/Acala/releases/tag/2.11.0
# Referendum
https://karura.subscan.io/referenda/73
https://karura.subsquare.io/democracy/referendum/73

Democracy Referenda