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#370 Migrate 25k KSM to Asset Hub Treasury

Proposer:
GcDZ...sL9p
 
in Treasury
2nd Apr '24

This referendum moves 25k KSM (roughly 10%) of the Kusama Treasury from its account on the Relay Chain to its account on Asset Hub. It also sets the asset rate of KSM to 1 (since the conversion of KSM to KSM is unitary). Having an asset rate value is required to spend from the Treasury on Asset Hub.

This requires root privilege, but once the funds are on Asset Hub, it will allow normal operation with the Treasurer and XSpender tracks.

Having the funds on Asset Hub will enable new Treasury features like staged spends (detailed by @muharem on the forum). When this works successfully, I will propose the same thing on Polkadot, where we can take advantage of more features like USDC/T spends and funding sub-treasuries.

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Proposal Passed

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Summary
Passed
50%Aye
AyeNay
50%Nay
Ayes(285)
0.00 KSM
Nays(9)
0.00 KSM
Support
0.00 KSM
Voting Details
Approval0.00%Threshold0.00%
Support0.00%Threshold0.00%
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#508 Remove Gabe from the fellowship
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"Members are expected to faithfully uphold the following tenets.
Clarifications to the rules should be in agreement with these tenets. Acting in clear breach of these tenets may be considered by voters as grounds for non-promotion, demotion or, in extreme cases, exclusion from the Fellowship.


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#509
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KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!

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#509 KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!
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This RFP was adapted over several weeks on AAG to turn a treasury proposal in discussion to an RFP with refined scope and oversight.

To apply for the prize pls fill out this form.  


Prize Pool: $43,000
Finder’s Fee: $2,000 **
Supervisors: $5,000

Supervisors (Bounty Curators)

  • Flipchan
  • Byte (Erin)
  • James Slusser

Excess or unused funds will be returned to the treasury by Bounty Curators.

Timeline

Monday, March 17 - AAG Discussion & this forum post! ✅
Monday, March 24 - Single-ref Bounty + Curators ✅
4 Weeks after Bounty Funding - Submission Deadline Thursday
July 31 - Project Completion (Pending Kusama Hub Launch)

Project Scope

Smart Contract Development

  • A Solidity-based smart contract deployed on Kusama Hub
  • ZK enabled for private deposits & withdrawals
  • Compatibility with all Kusama Hub assets

User Interface

  • Browser-based, mobile-ready UI hosted on IPFS
  • Support for: Deposits, Withdrawals, Transfers, XCM Transfers
  • Compatible with popular ecosystem wallets (Nova Wallet, Talisman, Subwallet)

Anti-correlation Attack Mitigations:

  • Fixed deposit amounts (e.g. 1, 10, 100, 1000 units)
  • Batch payouts for withdrawals to multiple users
    Interoperability
  • Ability to receive assets via XCM from any Kusama-connected parachain and transfer them to Kusama Hub for use in shielded pool.

Open-Source Delivery

  • All code (smart contracts and UI) published under the MIT license
  • Publicly accessible repositories Project updates shared transparently via Polkassembly, Subsquare, or Polkadot Forum from Team with Milestone deliveries
  • Developer & User documentation

Milestones

Milestone 1, Initial Pools & Basic UI:
$16,200 USD
1 month

  1. Tests - Smart contract test
  2. Smart contract - ZK shielded smart contract with KSM and multi asset support on Westend or Paseo
  3. Basic UI - A basic UI for interacting with the smart contract

Milestone 2, UI + XCM:
$9,900
1 month

  1. Tests - tests for all features
  2. User interface design - UI design
  3. XCM transfers - XCM transfer assets in UI
  4. Fixed amount transfer only - Allow fixed amount transfers in the UI

Milestone 3, Mainnet Deployment:
$16,900
1 - 1.5 months

  1. Contract Migration to Kusama Assethub - Migrate contract from Testnet to Kusama Hub
  2. Public documentation - Documentation for using Kusama shield and developer integration documentation
  3. Test - tests for contract
  4. V1 UI - User tested & something we can be proud of

** re: Finder’s Fee: this payment is set aside to incentivize a broad search for the right implementor. Finder’s Fees are paid out at time of team engagement. Teams that submit themselves can collect their own Finder’s Fee at completion of project.

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Deciding