This proposal follows execution of referendum #69 (nice) 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:
It will also remove/ destroy the following positions:
Which were withdrawn in referendum #69, but due to issues relating to size of the numbers did not 100% withdraw the positions and destroy the NFT. The value of these 2 positions is insignificant but this should be cleared up regardless.
SubSquare is discussing a proposal to transition some of their assets from Wormhole (Acala) to Wormhole (Moonbeam). This is because they want to balance their liquidity better. The proposal will remove some Liquidity Positions and create some OTC orders for swapping assets between the two platforms. It will also remove/destroy some positions that were withdrawn in a previous referendum but not fully cleared. The proposal is still being discussed, but responses so far have been in favor of the transition.