This referendum, if approved, will "touch" the following Snowbridge assets:
- tBTC
- USDT
- USDC
- wstETH
- LINK
- SKY
- LDO
This will send an XCM message from Hydration parachain origin to Asset Hub with transact instruction to "touch" the above assets from Ethereum.
What is "touching an asset"?
Currently, Asset Hub has a limit of 64 consumers per account. Each asset an account stores takes up one consumer. As our parachain account reached this limit, it is necessary to call this for any additional asset that our parachain wants to operate with.
Code reference: https://github.com/paritytech/polkadot-sdk/blob/master/substrate/frame/assets/src/lib.rs
This is needed in order to send these assets to Hydration