[Whitelisted Caller] Register CurioDAO ERC-20 token on Kusama AssetHub
4 months ago
Executed
Registers CurioDAOs ERC-20 on Kusama AssetHub as a foreign token, so that the token can be bridged from Ethereum to Polkadot AssetHub, to Kusama AssetHub.
Link to ERC-20: https://etherscan.io/address/0x0e186357c323c806c1efdad36d217f7a54b63d18
Comments (2)
Proposal Passed
Summary
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Aye
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Aye (51)0.0 DOT
Support0.0 DOT
Nay (5)0.0 DOT
We raise the following questions concerning this ref:
We're publishing these questions because we believe transparent answers would help voters make fully informed decisions. With limited time remaining in the voting period, we hope these questions contribute to community due diligence.
We welcome responses from the proposer, other experts, and community members who may have relevant information.
@Colorful Notion
We would like to thank the community for taking the time to review the proposal to register the Curio Gas Token (CGT2.0) on Kusama AssetHub, and for raising thoughtful and important questions. We greatly appreciate the commitment to transparency, accountability, and diligence in decision-making within the Polkadot/Kusama ecosystem. Below, we provide detailed answers to each of the points raised, with the aim of supporting informed and constructive dialogue ahead of the conclusion of the voting period.
Who controls the address (0x44F0D89A9e4e709fda50B0D4e88874Cc6C3397d0) that receives the entire 100,000,000 token allocation at deployment?
This address is controlled by CurioDAO. After the deployment of CGT2.0, token distributions were made to CGT holders as part of a recovery plan following the exploit attack in March 2024. The current balance on this address represents the active CGT supply on the Curio Chain (reserved for future bridging into the Curio Chain).
What governance safeguards have been implemented in this new token system to prevent potential voting power manipulation?
Curio Gas Token (CGT2.0) is not connected to the previous governance protocol, which was exploited in March 2024 and is no longer in use.
To prevent manipulation, the following safeguards are implemented:
In the future, governance will be powered by OpenGov – a decentralized governance system with no centralized roles, adaptive approval thresholds, and secure delegation without loss of control over funds.
Will there be an airdrop of CGT2.0 tokens to original CGT token holders? If so, what distribution mechanisms will be implemented?
The airdrop of CGT2.0 to original CGT holders already took place in April 2024. More details are available in the recovery plan here: https://investcurio.medium.com/curiodaos-recovery-plan-1255427f35de
What will the CurioGasToken (CGT2.0) token be used for beyond just the contract code? How does it relate to any compensation plans referenced in public reports?
CGT2.0 is the main utility token in CurioDAO’s ecosystem. It is used in products such as:
Additionally, with the integration of CGT2.0 across Ethereum, Polkadot, and Curio Chain via Snowbridge and XCM, it will serve as a governance token within the Curio Chain under the OpenGov framework.
The CGT2.0 airdrop to compensate former CGT holders was completed in April 2024. Full details: https://investcurio.medium.com/curiodaos-recovery-plan-1255427f35de
What are the token distribution plans and how will the initial allocation be used?
The original CGT token was previously distributed according to the tokenomics outlined here: https://capitaldex.exchange/docs/Curio_Governance_Token_CGT.pdf
In April 2024, the migration (swap) from CGT (Curio Governance Token) to CGT2.0 (Curio Gas Token) was executed as part of the recovery plan.
What additional contracts might interact with this token?
Any DeFi protocol can integrate and interact with Curio Gas Token (CGT2.0). It is a standard ERC-20 token.
What technical features does CGT2.0 include to address potential governance vulnerabilities?
CGT2.0 is a standard ERC-20 token based on OpenZeppelin contracts, and includes no custom mint/burn logic or embedded governance features.
It is not connected to the legacy Curio governance system, which was decommissioned in March 2024 after the exploit.
Has the contract undergone external security audits, and if so, by whom?
The CGT2.0 contract uses OpenZeppelin’s audited ERC-20 implementation, which is widely recognized for its reliability and security: https://www.openzeppelin.com/
What governance controls are in place to prevent potential security issues in the future?
We plan to use OpenGov – a modern and decentralized governance mechanism – as the foundation for decision-making within the CurioDAO ecosystem. Token holders will be able to bridge CGT2.0 from Ethereum to Curio Chain, participate in voting, and submit their own proposals for the development of the project.
To ensure the security of the governance process, we will implement a set of measures to protect against manipulation and technical vulnerabilities:
Technical restrictions on token issuance:
Built-in security mechanisms in OpenGov:
At the initial stages, we will use voting without automatic execution (e.g., tokenization of RWAs). Later, on-chain voting will be available with the ability to perform actions on behalf of the network (such as treasury fund transfers, opening XCM channels, etc.)
All of this together will create a robust governance system that is resistant to manipulation and aligned with the principles of decentralization.
What is the relationship, if any, between this CurioGasToken (CGT2.0) and the Substrate-based JAMTON project referenced on parachains.info?
Curio Gas Token (CGT2.0) is the core utility token of the CurioDAO ecosystem, which focuses on real-world assets (RWAs). It is developed by the same team building the JAMTON project. CurioDAO on the JAMTON will provide infrastructure for RWA tokenization across both the Polkadot and TON ecosystems.
CGT2.0 will be integrated with JAMTON to enable interoperability and deeper RWA liquidity.
How does this CurioGasToken (CGT2.0) token relate to the stTON token also mentioned in connection with JAMTON?
More information about stTON can be found in our JAMTON Treasury Proposal: https://gateway.pinata.cloud/ipfs/bafybeia4j3m5hia2vvb3uczq3jmr4whikxtwwtajp4eo6k4g2ghmp7pjny
stTON enables staked TON to enter the Polkadot ecosystem via JAMTON. It also serves as part of the backing for the DOTON liquid staking token. CGT2.0 is unrelated technically but is planned to be bridged into JAMTON as the main asset representing CurioDAO RWA market, thus expanding the Curio ecosystem into Polkadot and TON via JAMTON.
Why wasn't any potential connection between CurioGasToken (CGT2.0) and JAMTON included in the proposal?
The connection between Curio Gas Token (CGT2.0) and JAMTON has already been established via Snowbridge.
What's the relationship between the existing Curio Chain parachain's CGT token and the proposed CGT2.0 token?
Our intention is to unify CGT2.0 (on Ethereum) and Curio Chain CGT as one token via bridging through Snowbridge and Polkadot/Kusama AssetHub. Ultimately, it will be one ecosystem token with seamless interoperability between Ethereum and Curio Chain.
How do the existing ~30M CGT tokens on the Kusama parachain relate to the new 100M tokens?
The 100M CGT2.0 tokens were initially minted on Ethereum. Separately, CGT tokens were issued on Curio Chain.
To eliminate this separation, we plan to bridge CGT2.0 into Curio Chain using Ethereum-Polkadot bridges:
This will result in a unified 100M token supply across Ethereum and Curio Chain, enabling users to bridge freely between networks.
What is the relationship between this new CGT2.0 token and the previous Curio tokens referenced in public reports from March 2024?
CGT2.0 (Curio Gas Token) is the migrated version of the original CGT (Curio Governance Token), which was deprecated following an exploit in March 2024. The old CGT token is no longer in use. CGT2.0 is the active token in the CurioDAO ecosystem.
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We hope these responses have clarified the key aspects of CGT2.0 – including its technical design, purpose, and its relationship to prior CurioDAO initiatives. We remain open to further questions and welcome continued dialogue with the community. Together, we believe we can ensure the transparency, security, and long-term sustainability of this project in alignment with the values of decentralization.
Learn more about CurioDAO by following the links below:
CurioDAO linktree: https://linktr.ee/CurioDAO
CurioDAO on X: https://x.com/curio_invest
CurioDAO Telegram: https://t.me/CurioInvestCommunity
CurioDAO products:
Rollapp: https://rollapp.store
@Colorful Notion I have asked CurioDAO to respond to your questions.
I would like to highlight that the token is already registered on Polkadot, and all this proposal does is to register the token on Kusama too. This is to allow bridging the token between Polkadot and Kusama, which is used for integration and dApp testing with CurioDAO.