GM, we are looking to propose the following referendum on the root track. We are aware that there will be a stablecoin DCA posted on the root track shortly; as such, we have decided to post this here for discussion prior to posting it on the root track.
This referendum proposes the following changes:
It is worth mentioning that we believe a lot of the Polkadot DAO think the only sufficient assets on Polkadot Asset Hub are DOT, USDC (Native), and USDT (Native), but there are some additional ones, including:
This referendum basically adds to that list, we believe that it is beneficial to make obviously valuable (ETH/WETH for example) or stable assets (stables from Ethereum) sufficient. It is also entirely possible to remove sufficiency from an asset in the future.
View the full context:
Cheers,
Leemo, N4DRO, lolmcshizz and Crane
I support this proposal. While this not being the technical perfect solution, you sometimes need a pragmatic solution. As an ecosystem we should make the onboarding from the ETH side as friction-less as possible. One of the reasons we already made
ETHitself sufficient. Also given that we have the Polkadot native stable coins as sufficient, I don't see a reason why we should not repeat the same for the ETH side stable coins.Also as said in the proposal, the sufficient status could be revert in the future if we are certain that it doesn't impact users.
I would also propose to put this onto the Whitelisted caller track. We already have seen similar proposals on the Whitelisted caller track. So, I don't see any problem with accepting this proposal there as well.