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Proposal #17
Register LDOT as a foreign asset on Interlay
Tabled

Summary
We would like to register $LDOT as an asset on Interlay as a first step towards considering it as a vault collateral and to facilitate other developments on Karura and Interlay side.

Proposal
Several parachains have already developed or enabled a way for users to stake their DOT while still being liquid. This has been done via liquid tokens, one of them being LDOT.
Enabling this kind of asset will mean more capacity for vaults using their LDOT as collateral but also that vaults can compound the earnings they are already getting by staking DOT.

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
Interlay Governance 101: https://docs.interlay.io/#/interlay/governance
Governance guides: https://docs.interlay.io/#/guides/governance (incl. how to make a proposal)

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This proposal has been turned into referendum.
Metadata
hash
0xb200884ea5bbacac49d45ff1cdf545fbc90d4d4f19c5ad2d1a2f6cba2a4de6c8
deposit
0 vINTR
proposer
Call
Table
Json
callIndex0x1800
sectionassetRegistry
methodregisterAsset
args
metadata
decimals10
name0x4c697175696420444f54
symbol0x4c444f54
existentialDeposit0
location
v1
parents1
interior
x2
0
parachain2000
1
generalKey0x0003
additional
feePerSecond20427078323
coingeckoId0x6c69717569642d7374616b696e672d646f74
assetIdnull
TimelineLatest activity 1mo ago
2022-08-16 09:54:48
Proposed
Index
#17
2022-08-18 16:10:30
Tabled
Referenda Index
#17
Deposit
250 vINTR
2022-08-18 16:10:30
Started
referendumIndex
17
voteThreshold
SuperMajorityAgainst
2022-08-25 22:26:48
Passed
referendumIndex
17
2022-08-27 01:47:48
Executed
result
ok
Comments

This is a no-brainer to vote YES on, as LDOT is a low-risk yield bearing form of DOT. It uses a different protocol to the stablecoin (homa not honzon), and even despite the huge exploit on Acala - LDOT has not been affected in any negative way whatsoever.

Much how many eth protocols accept stETH for their defi dApps (e.g. Ribbon), it makes perfect sense for Interlay to accept LDOT.

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