This referendum opens the XCM channel to Bifrost. This will allow Kintsugi assets to be transferred to Bifrost and used there.
This is the first part of two referenda to open bi-directional communication with Bifrost. The second referendum will accept the open channel to Kintsugi.
Note: Bifrost needs to pass a referendum as well to accept this open channel.
Request to upgrade to 7 day referendum: As we want to move quickly on opening new xcm channels in order to make room for discussions on use cases for kBTC, we would like to upgrade this proposal already to a 7 day referendum.
A referendum is being held to allow Kintsugi assets to be transferred to Bifrost.
This is the first of two referendums to open communication with Bifrost.
Bifrost needs to pass a referendum as well to accept the open channel.
The proposal is to upgrade the referendum to 7 days to move quickly on opening new XCM channels.
This will make room for discussions on use cases for kBTC.