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Register LKSM as a foreign asset on Kintsugi
Executed

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)

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0 vKINT
Nay
0 vKINT
Turnout
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Metadata
Proposer
Hash
Delay
02022-09-02 17:16:48
End
02022-09-02 17:16:12
Threshold
Call
Table
Json
callIndex0x1800
sectionassetRegistry
methodregisterAsset
args
metadata
decimals12
name0x4c6971756964204b534d
symbol0x4c4b534d
existentialDeposit0
location
v1
parents1
interior
x2
0
parachain2000
1
generalKey0x0083
additional
feePerSecond233100000000
coingeckoId0x6c69717569642d6b736d
assetIdnull
TimelineLatest activity 1mo ago
2022-08-16 07:51:48
Proposed
Index
#59
2022-08-25 08:07:12
FastTracked
2022-08-25 08:07:12
Started
referendumIndex
58
voteThreshold
SuperMajorityAgainst
2022-09-02 17:16:12
Passed
referendumIndex
58
2022-09-02 17:16:48
Executed
result
ok
Comments

I'm more excited about being able to use LKSM as a vault collateral than introducing aUSD. Can't wait to amp up our APR from using LKSM!!

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