Gauntlet Risk Parameter Recommendation (11/29/2022) 

Gauntlet Risk Parameter Recommendation (11/21/2022)

- Picasso is a platform that connects different blockchains together.
- It helps Karura assets to have access to Picasso dapps.
- This will increase the usefulness and value of aUSD and other Acala tokens.
- Picasso will set up pools for aUSD and KAR on Pablo.
- It requires 12 KSM to be on Parachain 2000(Karura) account.

Open HRMP cross-chain communication channel between Picasso and Karura

Update auction collateral size limit.

#69 Runtime Upgrade - Upgrades Substrate/Polkadot/Cumulus version to v0.9.28

Gauntlet Risk Parameter Recommendation (11/01/2022)

SubSquare has created a tool called Picasso that allows for trustless bridge asset transfers and transactions. To use Picasso, you need to have 11 KSM on the Parachain 2000 (Karura) account. The process involves sending an XCM message to Kusama, putting 1 KSM into the holder from Parachain 2000 account, setting 1 KSM as payment asset, executing a batch transaction, accepting an open channel request from Picasso 2087, and sending an open channel request to Picasso 2087 with default parameters. Any remaining fee assets are returned back to Parachain 2000 account.

Open HRMP channel with Picasso

Gauntlet Risk Parameter Recommendation (10/14/2022)

Runtime Upgrade - Update Substrate/Cumulus version

#63 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus version

Execute Honzon Fungibility Pallet to make aUSD fungible between Acala & Karura

Execute Interprotocol aUSD Distribution Scheme (IADS) V0

#60 Runtime Upgrade - Fix XCM transfer issue

Runtime Upgrade - Fix EVM bug

#58 Runtime Upgrade - Enable honzon-bridge

#57 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus to v0.9.24

Taiga protocol will receive funds to distribute as incentives to LP participants in the 3-pool (USDC-USDT-aUSD) stablecoin. The incentives consist of 10,000 taiKSM and 85,486.4 LKSM, which will be distributed in 12 tranches over a 12-month period. The first batch will include 7,213.86 LKSM and 833.33 taiKSM, and the remaining batches will be evenly distributed via an on-chain scheduler. The exact amount to be distributed each period to LPs will be determined by Taiga protocol based on various factors. The proposal includes removing the temporary reward proxy and initiating a scheduler to transfer the funds to the 3pool rewards vault. The referendum can be found at [https://karura.subscan.io/referenda/56](https://karura.subscan.io/referenda/56).

#56 - Release Incentive Grants to Taiga 3-Pool 

#55 Runtime Upgrade - Upgrade Substrate/Polkadot/Cumulus version and enable ERC20 Xcm transfer

Karura has received a grant of 22k KSM from Kusama Treasury to support the bootstrap of aUSD, USDT, and USDC liquidity on Karura/Kusama. The grant will be used to create a 3-pool powered by the Taiga protocol. 

A dedicated keyless vault called the `Grant Vault` has been set up on Karura to receive the 22k KSM. 

A temporary `LKSM/taiKSM Mint Proxy` account has been created to split the 20k KSM roughly 50% as LKSM and 50% as taiKSM. The `LKSM/taiKSM Mint Proxy` will be destroyed after completing the operations, and only `Grant Vault` can transfer the funds via governance. 

An `aUSD Vault Management Proxy` account has been set up to generate aUSD liquidity from the 2k KSM and manage the positions. 

Follow-on proposals will release the funds in 12 tranches over a 12-month period to Taiga protocol, who will distribute them for the 3-pool LP participants.

#54 - Proposal to Setup Keyless Vault to Receive & Manage Kusama Treasury Grant

#53 Runtime Upgrade - New DEX aggregator pallet and other improvements

PHA is locked due to a bug. Request unlocking.

#52 Runtime Upgrade - Fix transaction fee handling and other improvements

#50 Runtime Upgrade - Fix Taiga protocol integration with ERC20

#49 Runtime Upgrade - Stablecoin protocol code improvements

#48 Runtime Upgrade - Upgrade Substrate/Cumulus/Polkadot and improve ERC20 integration.

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Democracy Referenda