Context
We distribute stable asset rewards manually through our multisig account in the current setup. Due to the manual operations from multisig wallet, we distribute rewards on a weekly basis which we want to shorten to a daily basis. To make the above happen, we deployed a smart contract on EVM+ that disperse funds automatically when we trigger a reward distribution. The EVM contract has been deployed on Karura and it’s been tested extensively.
Proposal
To use the new EVM+ address deployed in the stable asset pallet, we need to change the fee recipient and yield recipient addresses to the EVM+ address: 23AdbsfTWCWtRFweQF4f3iZLcLBPwSHci9CXuMhqFirZmUZj in polkadot format and 0x081Efb42231FCa2Cfa81cdEDb6B68433ce61c486 in EVM format.
The above call is in the proposal #21: https://acala.subsquare.io/democracy/proposal/21
Preimage hash: 0xaadfddc63259f517a7c182ba5f178f8e6e6834cff9f60f4a8327d25270a4fd0d
Once the above call is completed, we can distribute the stable asset rewards automatically.

This project's goal is to create a new metadata protocol friendly to offline devices and implement it in the most critical tools available: Ledger and Kampela, as well as create tools to port it to other wallets and key management devices, including Polkadot Vault. This will involve changing the runtime code to support a new method of transaction signing that would include a proof of metadata used for transaction rendering to the user.

- They want to distribute rewards more frequently.
- They created a smart contract to automatically distribute the rewards.
- They need to change some addresses to make it work.
- They have a proposal to make the changes.
- Once the changes are made, the rewards will be distributed automatically.

Proposal to change fee/yield address for the stable asset pallet

No Active Proposals