Summary
Now that staking and governance are live on Interlay, we would like to open an XCM channel with Moonbeam in order to facilitate transfers and further cross-chain developments and defi initiatives in between the 2 parachains.
Discussion Point
Any arguments against opening this XCM channel?
We want to quickly open an XCM channel with Moonbeam as this will open many potential applications and use cases, such as liquidity pools, tokens to be considered as collateral or the option for users to transfer their iBTC to Moonbeam to be used there.
We want to understand if the community has any strong argument against this action. If we don't see any strong opposition, we will proceed to open the channel and fast track any needed proposal towards opening this XCM channel.
Author: Alex @Interlay
good idea, can't wait for it