## TL:DR

This batched proposal is to Accept/Open an HRMP channel with Integritee and to register the TEER token

## Summary

We propose to open a bi-directional channel between Moonriver and Integritee . Initially, the main use case will be to transfer MOVR and TEER between the two chains, but it can be further expanded to other use cases. The proposal also includes the TEER asset registration as xcTEER, with the following details:

Multilocation: *{ "parents": 1, "interior": {"X2": [{ "Parachain": 2015 },{"GeneralKey": [84, 69, 69, 82]}]}}*

Decimals: *12*

Name: *TEER*

Symbol: *xcTEER*

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

Asset ID: 105075627293246237499203909093923548958

XC-20 address:  0xffffffff4f0cd46769550e5938f6bee2f5d4ef1e

## Proposal

Referendum #97 with the following hash: *0x25705e878e771d2fcb969e329851eb3a52f9df93b64c602a31b092c94a074d7f*

## Technical details:

The procedure for opening the channels is as follows:

Integritee: already proposed to open an HRMP channel to Moonriver

Moonriver: democracy batched proposal:

Open Moonriver to Integritee HRMP channel

Accept Integritee to Moonriver HRMP channel

Register TEER asset as an XC-20 

Integritee: democracy proposal to accept Moonriver to Integritee HRMP channel

Once the HRMP channels are ready, XCM based cross-chain transfer will be possible. The extrinsics that need to be executed on the relay chain, are:

To open the HRMP channel from Moonriver: *hrmp.hrmpInitOpenChannel(recipient: 2015, proposedMaxCapacity: 1000, proposedMaxMessageSize: 102400)*, which its hex-encoded call data is *0x3c00df070000e803000000900100*

To accept the HRMP channel to Moonriver: *hrmp.hrmpAcceptOpenChannel(sender: 2105)* , which hex-encoded call data is *0x3c01df070000*

The *proposedMaxCapacity *and *proposedMaxMessageSize *are set to the values of Kusama’s *configuration.activeConfig.hrmpChannelMaxCapacity* and *configuration.activeConfig.hrmpChannelMaxMessageSize* values, respectively.

These extrinsics need to be called from the parachain’s sovereign account as origin, via a democracy proposal. The proposal will use *polkadotXcm* pallet to send XCM message to the Relay Chain with the following items:

Withdraw asset: take funds out of the Sovereign Account of the origin parachain (in the relay chain) to a holding state

Buy execution: buys execution time from the relay chain, to execute the XCM message

Transact: provides the call data to be executed

Deposit asset (optional): refunds the leftover funds after the execution. If this is not provided, no refunds will be carried out

The asset will be registered with the metadata described in the summary. The *setAssetUnitsPerSecond* was calculated using the value for TEER value on June 7th 2022, targeting a XCM transaction cost of 0.02$.

If you are interested, the hex-encoded call data for this proposal in [Moonriver](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fwss.api.moonriver.moonbeam.network#/extrinsics/decode) is:

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

As a prerequisite, the parachain’s sovereign account must contain at least 10 KSM to be locked as collateral (5 for each channel direction), plus some KSM to pay for XCM execution fees.

The proposal aims to create a yield farming dashboard for dotsama, facilitating easier participation and management of liquidity positions across various protocols. It builds upon existing infrastructure to streamline the user experience, with milestones including the development of monitoring tools and integration of on-chain transactions. The initiative addresses the fragmented nature of dotsama's ecosystem, providing a unified platform for users to track, manage, and engage with yield farms.

Produce 6 Full Educational Videos (polkadot + top parachains).

Create 12 Short Videos.

Post 6 Tweet Threads.

Post 12 tweets/retweets.

Telegram Outreach: 24 posts to educate and engage the broader community.

Host 6 spaces.

Monthly 'Powered by Polkadot' branded content.

Send a batch of dispatch calls and atomically execute them.
The whole transaction will rollback and fail if any of the calls failed.

May be called from any origin.

- `calls`: The calls to be dispatched from the same origin. The number of call must not
  exceed the constant: `batched_calls_limit` (available in constant metadata).

If origin is root then call are dispatch without checking origin filter. (This includes
bypassing `frame_system::Config::BaseCallFilter`).

# <weight>
- Complexity: O(C) where C is the number of calls to be batched.
# </weight>

- The proposal is to open a channel between Moonriver and Integritee.
- They want to transfer MOVR and TEER between the two chains.
- They also want to register the TEER token as xcTEER.
- They have provided technical details and a proposal hash.
- They need to have enough KSM in the sovereign account for collateral and fees.

#97 Open/Accept HRMP channel to/from Integritee and Register TEER Asset

No Active Proposals