Thanks to Basti for helping us with the Whitelisting part of this <3
See discussion: https://polkadot.subsquare.io/posts/408
Summary
This referendum proposes the following changes:
Snowbridge-wrapped USDC:
Snowbridge-wrapped USDT:
- Set as sufficient asset
- Set existential deposit to $0.01 (MinBalance: 10 000)
- Set metadata:
- Name: Tether USD (Snowbridge)
- Symbol: USDT
- Decimals: 6 (it is currently 6, this just adds that to the metadata)
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:
- ETH (Snowbridge)
- WETH (Snowbridge)
- KSM (P<>K Bridge)
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:
https://docs.google.com/document/d/e/2PACX-1vRbLwGg2PW-uxyO4PLNrm350HDteBMTc7X3_vy_hYkJdLu2BJSnohh83nJiQvU3rRTGpD0xNqRX9EWG/pub
Cheers,
Leemo, N4DRO, lolmcshizz and Crane