This proposal follows execution of referendum #78 and the ongoing discussion #102 regarding conversion of the remaining Wormhole (Acala) assets to Wormhole (Moonbeam) assets. Thus far responses have been clearly in favour, and whilst we should allow the discussion to continue regarding whether this is a full transition or partial, it makes sense that we should at least partially transition further liquidity in order to more appropriately balance the liquidity.
This proposal, if approved, will:
- Suspend trading & adding liquidity for WBTC (Wormhole Acala) (AssetId 3)
- remove the following LP:
- Liquidity position #1674 - 11.027 shares of WBTC Wormhole (Acala)
- create the following OTC order:
- Swap 10 WBTC Wormhole (Acala) for 9.975 WBTC Wormhole (Moonbeam) [0.25% premium]
- Add the following liquidity to the Omnipool:
- 249.63 WETH Wormhole (Moonbeam)
After this is executed, WBTC (Wormhole Acala) will no longer be tradable in the Omnipool and it will not be possible to add additional liquidity. LPs of WBTC (Wormhole Acala) are advised to withdraw their liquidity as the position will no longer be accruing fees.
1yr ago
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