Open HRMP cross-chain communication channel between Picasso and Statemine
Democracy
3 Comments
Passed

Picasso aims to become the DeFi hub of Kusama, connecting parachains with the broader Cosmos ecosystem. Through opening this XCM channel, Statemine assets will have access to Picasso dapps, thereby increasing the utility and TVL of USDT and other Statemine tokens.

For example, we will setup pools for USDT and KSM on Pablo, as well as integrating them within our later released pallets such as CosmWasm. This opens up the possibility to also support these tokens within our IBC bridge that will launch in the future too.

Flow

This message does the following:

  • Statemine sends message back to Kusama
  • Puts 1 KSM into holder from Parachain 1000 account
  • Sets 1 KSM as payment asset
  • Executes batch transaction 0x1802083c01270800003c0027080000e803000000900100
  • Accepts open channel request from Picasso 2087
  • Sends open channel request to Picasso 2087 with default parameters
  • Remaining fee assets are returned back to Treasury account F3opxRbN5ZbjJNU511Kj2TLuzFcDq9BGduA9TgiECafpg29
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Metadata
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Hash
Delay
02022-11-28 09:14:36
End
02022-11-28 09:14:36
Threshold
Call
Table
Json
callIndex0x1802
sectionutility
methodbatchAll
args
calls
0
callIndex0x0402
sectionbalances
methodforceTransfer
args
source
idF7fq1jSNVTPfJmaHaXCMtatT1EZefCUsa7rRiQVNR5efcah
dest
idF7fq1jSNVTPfJmaHaXCMtatT1EZefCUsa7rRiQVNR5efcah
value11000000000000
1
callIndex0x6300
sectionxcmPallet
methodsend
args
dest
v1
parents0
interior
x1
parachain1000
message
v2
transact
originTypeSuperuser
requireWeightAtMost1500000000
call
encoded0x1f000101000214000400000000070010a5d4e81300000000070010a5d4e800060003009435775c1802083c01270800003c0027080000e803000000900100140d01010000000004000101006d6f646c70792f74727372790000000000000000000000000000000000000000
TimelineLatest activity undefined
2022-11-21 08:35:00
Started
referendumIndex
248
voteThreshold
SuperMajorityApprove
2022-11-28 09:14:36
Passed
referendumIndex
248
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