Dear Moonbeam community!
Due to Multichain bridge no longer serving its function in transferring assets between EVM chains and Polkadot, we propose to burn Multichain’s XC-20 tokens and redeem the underlying Polkadot-native assets. The purpose is to make these assets available for use elsewhere for the benefit of the entire Polkadot ecosystem.
XC-20 tokens ids:
- xcWBTC:
278750993613512357835566279094880339619
- xcETH:
228256396637196286254896220398224702687
- xcUSDC:
337110116006454532607322340792629567158
Referenda link: Please ignore - created in error. | Polkassembly
I think there is a bit of context missing, since I’m not sure I follow the line
ok we destroy the xc-20 of multichain
What do you mean by redeem the polkadot native assets?
That is, the tokens that were transferred to Equilibrium via these xc20 are returned?
but I understand that those xc20(wrapped) must be claimed in ethererum, the original chain, right? Or what i missing
What do you mean by redeem the polkadot native assets?
Creation of one local asset requires to lock 10000 GLMR tokens. We have created 3 such assets and want to destroy them and unlock 30000 GLMR tokens.
Current proposal was created with error. I will create a new one soon
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Ok this is much more clear thanks for the answer
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