Read full proposal: https://rfc.decent.partners/t/onboard-brale-and-glodollar-to-kusama-assethub/57

Onboard Brale and GloDollar to Kusama AssetHub

Date: 21/12/2023
Proposal to: Kusama common good fund
Summary: Onboard Brale and Glo Dollar to Kusama 
Approval: Simple Majority
Read full proposal: https://rfc.decent.partners/t/onboard-brale-and-glodollar-to-kusama-assethub/57

Spend sent in parallel to three separate verified beneficiary accounts.

Scheduled as two payments:

- 50% paid out to addresses 1 block after confirmation.
- 50% paid out 1209600 blocks after confirmation (12 weeks).

Optimistic grant assumes core integration and launch functions are completed within 12 weeks. 

Glo Consortium integrations and marketing are likely to continue beyond the 12 weeks. 

Any issues will be reported at least 2 weeks ahead of scheduled payment due date.

Kusama governance retains oversight of second payment.

If necessary second payment can be rescheduled or cancelled.

Unused volatility buffer returned to treasury. 

Beneficiary: Brale
Website: https://brale.xyz  
Verified address: F9ob8GJg7CCMpUKrR6PJdS9tpgDBKSw4CWNjGpEPgahnTVJ
Responsibilities: Issuance, regulations, insurance, redemptions, custody, audits.
Grant: $125,000
Volatility buffer 10%: $12,500
Total: $137,500
Date: 2023-12-21
KSM EMA30: $27.77
Total KSM: 4951

Beneficiary: Glo Dollar
Website: https://glodollar.org 
Verified address: Fy3bL9Qw8LUpQCvv8tsoWNQcH8onZggg2PYT7bdL5LbhDTn
Responsibilities: Marketing, market making, partnerships and integrations
Initial liquidity: $25k KSM and $25k USDGLO
Glo consortium integrations & announcements: $75k
Total grant: $125,000
Volatility buffer 10%: $12,500
Total: $137,500**
Date: 2023-12-21
KSM EMA30: $27.77
Total KSM: 4951

Total USD: $275,000
Total KSM: 9902

Beneficiary: Decent Partners
Website: https://decent.partners 
VAT number: GB306867875
Verified address: FvrbaMus8iASyrQYkajQWDxsYvG5gb72PFPuvy8TvkFFVGn
Responsibilities: Research, strategy, business development, stakeholder relations, proposal development.
10% Network Service Fee (NSF): $25,000
+10% volatility buffer: $2,500
Total: $27,500
-- GBP: £21,750
-- VAT @ 20%: £4,350
-- Total GBP: £26,100
Total USD: £33,100
Date: 2023-12-21
KSM EMA30: $27.77
Total KSM: 1192

Total spend to be approved:

Grants: $275,000 (inc volatility buffer)|
Network Services: $33,100 (inc VAT, volatility buffer)
Total: $308,100
Total KSM: 11094


- Problem Statement: The problem is that the Brale and Glodollar assets are not currently available on the Kusama AssetHub, limiting their accessibility and usability for users.
- Audience: The intended audience is the Polkadot community and stakeholders who are interested in the integration of Brale and Glodollar assets into the Kusama AssetHub.
- Significance: The integration of Brale and Glodollar assets into the Kusama AssetHub will increase their availability and usability, providing more options for users and enhancing the overall ecosystem.
- Proposed Solution: The proposal suggests onboarding Brale and Glodollar assets to the Kusama AssetHub, allowing users to easily access and utilize these assets.
- Expected Outcomes: The expected outcome is that the integration of Brale and Glodollar assets into the Kusama AssetHub will enhance the overall ecosystem, providing more options for users and increasing the value proposition of the platform.

#326 Onboard Brale and Glo Dollar to Kusama AssetHub