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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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Metadata
Proposer
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1
Hash
0x27e5bab5166d5c8b2cd8ce53045069f66658c8a33ffdd92b25e78276dcddf8ed
Call
Table
Json
callIndex0x4604
sectiondemocracy
methodfastTrackDefault
args
propIndex59
delay3
TimelineLatest activity 1mo ago
2022-08-25 08:07:12
Proposed
2022-08-25 08:07:12
Executed
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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