This proposal follows execution of referendum #78 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:
Suspend trading & adding liquidity for WBTC (Wormhole Acala)(AssetId 3)
remove the following LP:
Liquidity position #1674 - 11.027 shares of WBTCWormhole (Acala)
After this is executed, WBTC (Wormhole Acala) will no longer be tradable in the Omnipool and it will not be possible to add additional liquidity. LPs of WBTC (Wormhole Acala) are advised to withdraw their liquidity as the position will no longer be accruing fees.
SubSquare is proposing to make some changes to the way people can trade and add liquidity to certain assets. Here's what they want to do:
Stop people from trading and adding liquidity for WBTC (Wormhole Acala)
Remove a certain liquidity position
Create a new way for people to swap 10 WBTC (Wormhole Acala) for 9.975 WBTC (Wormhole Moonbeam) with a small extra cost
Add some new liquidity to the Omnipool
After these changes happen, people won't be able to trade or add liquidity for WBTC (Wormhole Acala) anymore, so they should take out their money if they have any in that asset.