**Proposal**
This proposal opens the XCM channel to Statemine. This will allow assets to be transferred in between Statemine and Kintsugi and open a path towards more assets that can be used as collateral types for vaults in the future.

This is the first part of two referenda to open bi-directional communication with Statemine. The second proposal will accept the open channel to Kintsugi.

Note: Statemine will need to pass a referendum as well to accept this open channel.

**Request for upgrade to referendum**
Since we want to proceed as quickly as possible with opening the channel so we can move the discussion to actual use cases for both communities, we request that this proposal be upgraded to a referendum.

SubSquare has proposed to open the XCM channel to Statemine, which will allow assets to be transferred between Statemine and Kintsugi. This will also open a path towards more assets that can be used as collateral types for vaults in the future. 

This is the first part of two referenda to open bi-directional communication with Statemine. The second proposal will accept the open channel to Kintsugi. 

Statemine will need to pass a referendum as well to accept this open channel. 

SubSquare has requested an upgrade to referendum to proceed quickly with opening the channel and move the discussion to actual use cases for both communities.

Request To Open XCM channel with Statemine - Part 1/2 (HRMP INIT)