Open HRMP channel with Picasso
Democracy
3 Comments
Executed

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
Edited
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Metadata
Proposer
Hash
Delay
02022-10-26 12:30:42
End
02022-10-24 10:51:18
Threshold
Call
Table
Json
callIndex0x3300
sectionpolkadotXcm
methodsend
args
dest
v1
parents1
interior
herenull
message
v2
0
withdrawAsset
id
concrete
parents0
interior
herenull
fun
fungible1000000000000
1
buyExecution
fees
id
concrete
parents0
interior
herenull
fun
fungible1000000000000
weightLimit
unlimitednull
2
transact
originTypeNative
requireWeightAtMost1000000000
call
encoded0x1802083c01270800003c0027080000e803000000900100
3
depositAsset
assets
wild
allnull
maxAssets1
beneficiary
parents0
interior
x1
accountId32
network
anynull
id0x70617261d0070000000000000000000000000000000000000000000000000000
TimelineLatest activity undefined
2022-10-19 06:59:24
Started
referendumIndex
65
voteThreshold
SuperMajorityApprove
2022-10-24 10:51:18
Passed
referendumIndex
65
2022-10-26 12:30:42
Executed
result
ok
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.

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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.

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

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