Council motion 7: Proposal for Runtime Upgrade 6

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The Altair council has proposed a motion for Runtime Upgrade 6 on Altair, which will contain the following:

  • XCM integration with Karura - allowing for AIR and kUSD to be transferred from/to Karura

Link to the motion in the portal: Polkadot/Substrate Portal

Link to the motion on Subscan: Subscan | Aggregate Substrate ecological network High-precision Web3 explorer

Link to Github release: Release Altair v0.10.13 Release · centrifuge/centrifuge-chain · GitHub

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It will be followed by another motion to fast-track Runtime Upgrade 6 so it will be enacted as soon the referendum vote ends.

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Once the proposal has become a referendum, all token holders can use their AIR to vote on it. The referendum will be open for people to vote on for ~5700 blocks (~2 days with an average block time of 30 sec).

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Runtime Upgrade 6 is a prerequisite for opening the HRMP channels between Altair >< Karura so another council motion will follow shortly after to put this to a referendum vote as well. There will be a separate post about this.

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Remember, that you don’t lose your AIR by voting on referenda - they are just locked for the duration of the vote. After that, they will be available for transfer again. You can make your vote count for more by voting with conviction which means that you can vote with up to 6X the amount of tokens you have, by locking them for a longer period of time.

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If you want to know how voting with conviction works, you can check this manual.

4 Likes

Council motion 7 has passed. Council motion 8 to fast track it is now being voted on.

Link to the motion in the portal: Polkadot/Substrate Portal

Link to the motion on Subscan: Subscan | Aggregate Substrate ecological network High-precision Web3 explorer

As soon as this motion has passed, there will be a referendum vote where all token holders can vote with their AIR.

This post will be updated as soon as the referendum vote is live.

3 Likes

Council motion 8 to fast track Runtime Upgrade 6 has passed.

The vote for referendum 3 is now open for ~ 5700 blocks (around 2 days with an average block time of 30 seconds) so you can use your AIR tokens to vote on it.

You can vote here.

Link to the referendum on Subscan: Subscan | Aggregate Substrate ecological network High-precision Web3 explorer

Referendum 3 for Runtime Upgrade 6 has successfully passed with a SimpleMajority at block 1024405 and was enacted shortly after at block 1024584.

Link to the referendum on Subscan: Subscan | Aggregate Substrate ecological network High-precision Web3 explorer

1,282,056.73 AIR voted AYE (86 %)

208,000 AIR voted NAY (14%)

The next step is to open the HRMP channels between Altair and Karura, and there will be a new Forum post regarding this, once the motion has been initiated by the council.

Thank you for voting everyone!

1 Like