Description
This vote, if passed, will approve CP163: AIR to CFG Token Swap Pre-Altair Chain Deprecation.
The primary objective of this proposal is to create a fair and equitable mechanism for swapping Altair (AIR) tokens to Centrifuge (CFG) tokens as part of the deprecation of the Altair chain on Kusama and the migration of Centrifuge’s governance and operations to Ethereum.
Implications
- Burn of all Treasury-held AIR tokens.
- Creation of a dedicated EVM-based smart contract deployed on Ethereum and UI/UX front-end to accommodate swap by Centrifuge team.
- ~2,475,000 of the 115M newly minted CFG tokens for strategic initiatives (CP149) being allocated for the swap.
Link to the proposal on GitHub: https://github.com/centrifuge/cps/blob/main/cps/CP163.md
Link to the RFC on the forum: https://gov.centrifuge.io/t/cp163-air-to-cfg-token-swap-pre-altair-chain-deprecation/7028
Do you agree with this proposal?
Please vote Yes, No or Abstain.
