Summary

This referendum proposes the following changes:

Snowbridge-wrapped USDC:

Set as sufficient asset
Set existential deposit to $0.01 (MinBalance: 10 000)
Set metadata:
- Name: USDC (Snowbridge)
- Symbol: USDC
- Decimals: 6 (it is currently 6, this just adds that to the metadata)

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

Edited

The proposal is about adding new types of wrapped money called USDC and USDT on the Polkadot platform.
USDC and USDT are set to be important and useful assets.
The minimum amount needed to keep these assets is just $0.01.
Their names, symbols, and that they have 6 decimal places will be officially noted.
Other important assets like ETH and KSM are also recognized on Polkadot.
This change is believed to help people use valuable and stable assets easily.
The proposal can be changed later if needed.

Source

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:

Set as sufficient asset
Set existential deposit to $0.01 (MinBalance: 10 000)
Set metadata:
- Name: USDC (Snowbridge)
- Symbol: USDC
- Decimals: 6 (it is currently 6, this just adds that to the metadata)

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

Edited

Set Snowbridge-wrapped USDC & USDT as sufficient assets, set their ED to $0.01, and set their metadata on Asset Hub

Summary

Snowbridge-wrapped USDC:

Snowbridge-wrapped USDT:

Summary

Snowbridge-wrapped USDC:

Snowbridge-wrapped USDT: