Proponent: a3exf9eKEVPGXSyFA9T8wBFsAFY5YecUDR8N133juhnt2HkPa (web3alert.io) 
Date: 12.08.2022
Requested KINT: 4428 EUR / 2.8 = 1581 KINT (based on 7day avg rate by Coingecko)
Short description: Web3alert.io maintenance costs for Kintsugi at the rate of 600 EUR/month (+ VAT) for the period 1 August 2022 to 1 February 2023.

![Kintsugi](https://miro.medium.com/max/1400/1*CwnkMbmZwoOfiA-2uOI5XA.png)

https://web3alert.io is a service that listens for events on Kintsugi and sends notifications about them to messengers. At the moment, Web3alert supports Telegram, Discord and Slack.

[Medium story about the Kintsugi integration on Web3alert](https://medium.com/@web3alert/web3alert-integrates-with-kintsugi-af3e9423fe52)

[See the full proposal here](https://docs.google.com/document/d/1M2YEVzi9RoOcT8LOzEBn03IKgDI9izbQTCKH8ZxjBXo/edit?usp=sharing)

Treasury spend for Maintenance of web3alert.io Kintsugi integration for 6 months

**Summary**
We would like to register $LKSM as an asset on Kintsugi as a first step towards considering it as a vault collateral and to facilitate other developments on Karura and Kintsugi side.

**Proposal**
Several parachains have already developed or enabled a way for users to stake their KSM or DOT while still being liquid. This has been done via liquid tokens, one of them being LKSM. 
Enabling this kind of asset will mean more capacity for vaults using their LKSM as collateral but also that vaults can compound the earnings they are already getting by staking KSM. 

We would like to register the asset fairly quickly in order to have as much time as possible for tests. Therefore, we request that this proposal be upgraded directly to a referendum.

**Resources**
Kintsugi Governance 101: https://docs.interlay.io/#/kintsugi/governance
Governance guides: https://docs.interlay.io/#/guides/governance (incl. how to make a proposal)

Register LKSM as a foreign asset on Kintsugi

Maintenance of web3alert.io Kintsugi integration for 6 months

I burned [0.0575407](https://kintsugi.subscan.io/extrinsic/0x91c5d58a4d1b796939de630b856f7a945ff663c376837c26de49710002885817) kBTC without getting KSM in return.
turn them from the treasury in equivalent KINT