This proposal aims to Accept/Open an HRMP channel with Zeitgeist and register xcZTG.
XCM Disclosure: Zeitgeist Network
Summary
We propose to open a bi-directional channel between Moonbeam and Zeitgeist and to register Zeitgeist’s native currency ZTG as xcZTG. Initially, the main use case will be to transfer ZTG between the two chains to create a trade pair in Stellarswap and offer it to any dApp on Moonbeam that wants to utilize it. Another potential use-case of the channel is to offer prediction markets and the Futarchy governance mechanism in the near future to Moonbeam and any dApp on Moonbeam. Further use cases shall be evaluated over the course of time.
On-Chain Proposal Reference
On-Chain Referendum #16 with the associated hash:
0x400041010257c999579fe50beea6f97ef8d07fd930bd7ff086e4d2f5d6d5c8a0bb8d08f1bad50000000164000000
Technical Details
Zeitgeist already has an open hrmp channel request to Moonbeam on Polkadot:
[
{
sender: 2,092
recipient: 2,004
}
]
{
confirmed: false
age: 0
senderDeposit: 100,000,000,000
maxMessageSize: 102,400
maxCapacity: 1,000
maxTotalSize: 102,400
}
]
The on-chain proposal on Moonbeam does:
- Accept Zeitgeist’s open hrmp channel request
- Request to open a hrmp channel to Zeitgeist
- Register xcZTG on Moonbeam
xcZTG has the following metadata:
Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2092 }, { GeneralKey: { length: 2, data: "0x0001000000000000000000000000000000000000000000000000000000000000" } ] }}
Decimals: 10
Name: Zeitgeist
Symbol: xcZTG
and furthermore:
Asset ID: 150,874,409,661,081,770,150,564,009,349,448,205,842
XC-20 address: 0xFFFFFFFF71815AB6142E0E20C7259126C6B40612
The setAssetUnitsPerSecond was calculated using a token price of $0.03, targeting a XCM transaction cost of 0.02$.
The hex encoded call data for the call executed by the proposal is:
0x1e020c6b09002c080000e803000000900100010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008006b09012c080000010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008001e0008690000010200b12006020001000000000000000000000000000000000000000000000000000000000000245a65697467656973741478635a54470a000100000000000000000000000000000001690100010100b12039b8fac8d508000000000000000000001e000000
