#335 Encointer Retroactive Funding for Sep-Dec 2023
We ask the Kusama Treasury for CHF 89’000 ≃ USD 103’240 ≃ 2706 KSM for the period Sep-Dec 2023 (4 mt)
The Encointer team has scaled down significantly after rejected proposals on Polkadot but continues to deliver:
work done:
- Conceptualize a self-sustainable economy which can plausibly be reached within few years.
- integrate encointer runtime into fellowship repository (RFC22)
- stabilize and refactor Encointer mobile app to use PolkaDart
- grow Nyota community in Tanzania
- prepare community in Puerto Madryn, Argentina
- establish an association of acceptance points in Zurich to grow the network and close economic cycles
outlook:
- with a minimal but powerful team we aim to keep the Encointer parachain running and well-maintained
- we aim to focus on supporting and growing the global south communities where our tech promises the biggest impact at low costs
Appearance on AAG 102
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The project Encointer is commended for its innovative approach within the Kusama ecosystem, focusing on real-world applications of blockchain technology. By presenting solutions that validate blockchain currencies as practical units of exchange and stores of community value, Encointer demonstrates their potential to positively impact people's lives beyond speculative purposes. In a strategic move, Encointer has decided to concentrate resources on global south communities in Tanzania and Argentina, while transitioning the Zurich pilot community towards self-sustained grassroots initiatives. A report on the 2-year Leu Zurich pilot experiment is forthcoming. The project continues to receive strong support from its advocates for...See More
The summary for the provided text is as follows: The author expresses strong support for Encointer, a project in the Kusama ecosystem, stating it is innovative and essential for blockchains to have real-world impact. They have cast an AYE vote for Encointer. However, due to budget constraints, the project's focus will shift towards global south communities in Tanzania and Argentina, with the Zurich pilot community no longer receiving funding or professional support. A report on the two-year Leu Zurich pilot experiment is expected. The author remains curious about grassroots initiatives in Leu now....
AI-generated from comments
In my opinion, Encointer is exactly the kind of driven, experimental project we need more of in the Kusama ecosystem. I have voted AYE.
Voted Aye
update: In order to make the best use of our remaining funds, we have decided to focus on our global south communities (currently in Tanzania and upcoming in Argentina).
Our Pilot community in Zurich will no longer have a budget and a professional support team and we are curious about (self-sustained) grassroots initiatives in Leu now.
Our funds will, therefore, be used to maintain the platform and support emerging communities. Of course, you may also expect a report on the 2 year Leu Zurich pilot experiment.
Read our communication to Zurich's Leu Community (german)
Voted Aye
Encointer is doing the kind of work that is needed to make sure that blockchains find their place "IRL." The applications that Encointer presents set a precedent for the use of blockchain currencies as units of exchange and stores of community value that make differences in people's lives and set the case that validates blockchain currencies as more than speculative assets. Encointer will always get an AYE vote from me as it exemplifies the real use cases and the real issues that blockchain technology can help solve to realistically improve people's lives.
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Setting a realistic target for coretime sales
Background
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Proposed Change
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Rationale
A previous proposal (Referendum 507) included both this parameter change and an inflation reduction. However, community feedback, particularly from validators, raised concerns about the inflation reduction component. Validators expressed that reducing inflation would make validator operations unprofitable, potentially harming network decentralization and security.
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Project Scope Fields
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Funding Fields
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Timeline
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Milestones
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Registers the following assets on Kusama AssetHub (with the asset owner being Polkadot Assethub —
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Token |
Address |
Token Name |
ETH |
Ether | |
WETH |
0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2 |
Wrapped Ether (WETH) |
USDT |
0xdac17f958d2ee523a2206206994597c13d831ec7 |
Tether USD (USDT) |
USDC |
0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 |
USD Coin (USDC) |
Staked USDe |
0x9d39a5de30e57443bff2a8307a4256c8797a3497 |
Staked USDe (sUSDe) |
Pepe |
0x6982508145454ce325ddbe47a25d4ec3d2311933 |
Pepe (PEPE) |
LDO |
0x5a98fcbea516cf06857215779fd812ca3bef1b32 |
Lido DAO (LDO) |
Savings USDS |
0xa3931d71877c0e7a3148cb7eb4463524fec27fbd |
Savings Dai (sDAI) |
LBTC |
0x8236a87084f8b84306f72007f36f2618a5634494 | Liquid BTC (LBTC) |
EurC |
0x1abaea1f7c830bd89acc67ec4af516284b1bc33c |
Euro Coin (EURC) |
Sky |
0x56072c95faa701256059aa122697b133aded9279 |
SkyToken (SKY) |
Myth |
0xba41ddf06b7ffd89d1267b5a93bfef2424eb2003 |
Mythos (MYTH) |
tBTC v2 |
0x18084fba666a33d37592fa2633fd49a74dd93a88 |
Threshold Network tBTC v2 |
wstETH |
0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 |
Wrapped liquid staked ETH (wstETH) |
TONCOIN |
0x582d872a1b094fc48f5de31d3b73f2d9be47def1 |
Toncoin (TONCOIN) |
DAI |
0x6b175474e89094c44da98b954eedeac495271d0f |
Dai Stablecoin (DAI) |
SHIB |
0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce |
Shiba Inu (SHIB) |
WBTC |
0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 |
Wrapped Bitcoin (WBTC) |
tBTC (v1) |
0x8daebade922df735c38c80c7ebd708af50815faa |
tBTC (Keep Network v1) |
Kilt |
0x5d3d01fd6d2ad1169b17918eb4f153c6616288eb |
Kilt Protocol (KILT) |
LINK |
0x514910771af9ca656af840dff83e8264ecf986ca |
Chainlink (LINK) |
AAVE |
0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9 |
Aave (AAVE) |
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Voted Aye