Proposal to Register Asset xcUSDC

Created by

0xbc7ce8....8f5a0c8b

568 days ago

General Admin [2]

Approved

Forum Post

TL:DR

This proposal is to Register xcUSDC as an XC-20

Summary

We propose to register Statemint USDC token as xcUSDC, with the following details:

  • Multilocation: { "parents": 1, "interior": {"X3": [ { "Parachain": 1000 }, {"PalletInstance": 50}, { "GeneralIndex": 1337 }]}}
  • Decimals: 6
  • Name: USD Coin
  • Symbol: xcUSDC

xcUSDC will have the following asset ID and XC-20 address:

  • Asset ID: 166377000701797186346254371275954761085
  • XC-20 address: 0xFFfffffF7D2B0B761Af01Ca8e25242976ac0aD7D

On-Chain Proposal Reference

On-Chain Referenda #15 with the associated hash: 0x1071b8c3a284064e9e8ac271d9c5aafceb1086294a02dca4dd7c31a78419bc8d

Technical details:

This proposal just registers USD Coin as xcUSDC, as HRMP channels were already stablished.

The asset will be registered with the metadata described in the summary. The setAssetUnitsPerSecond was calculated using the value for a $1 USDC value, targeting a XCM transaction cost of 0.02$.

If you are interested, the hex-encoded call data for this proposal in Moonbeam is:

0x1e0008690000010300a10f043205e5142055534420436f696e1878635553444306000100000000000000000000000000000001690100010300a10f043205e514cea9bc010000000000000000000000001b000000

All URLs are provided by the proposal creator.

Links and documents

SubscanPolkassembly

Timeline

Submitted

9/8/2023, 9:51:42 PM

Decision Deposit

9/9/2023, 3:04:30 PM

10,000 GLMR

Deciding Phase

9/9/2023, 3:04:30 PM

Confirming Stage

9/23/2023, 4:03:18 PM

Confirmed

9/24/2023, 4:28:00 PM

Executed

9/25/2023, 5:01:18 PM

Metadata (Preimage)

Author

0xbc7ce80a....8f5a0c8b

Hash

0x1071b8c3a284064e9e8ac271d9c5aafceb1086294a02dca4dd7c31a78419bc8d

Module

Utility

Call

batch

Created block

4392882

Votes

Referendum #15

Aye

100.00%

Nay

0.00%

≈ 6.4M GLMR

≈ 0 GLMR

Support

≈ 3.6M GLMR

Issuance

≈ 1.2B GLMR