<img src="https://i.ibb.co/NTwRnJV/image.png" alt="image.png" />
Full proposal <a href="https://rfc.decent.partners/t/retroactive-funding-for-brale-s-public-good-stablecoin-integration-with-kusama-asset-hub-now-live/61" target="_blank" rel="noopener">here</a>.
Latest Brale deck inc Kusama/Polkadot: <a href="https://drive.google.com/file/d/1A_H8gVR0oSRupIEoluTF4Nik2jQSvLB8/view?usp=drive_link" target="_blank" rel="noopener">here. </a>(added 8.12.24).
Proponent: Decent Partners collective
Request: $125,000 + 10% volatility buffer any excess will be returned.
Total USD: $137,500 Total KSM: 4044 (EMA7 $34)
Beneficiary: <a href="https://app.virto.dev/">Decent Partners organisation</a> on krievo, sovereign account on relay chain.
Address: <a href="https://kusama.subscan.io/account/G2zmdwA3V1je5nrXdwDYGPC6hqvqaomoaHmNdMy1JPL7frh">G2zmdwA3V1je5nrXdwDYGPC6hqvqaomoaHmNdMy1JPL7frh </a>
Members: Four organisations with 1 vote each - decent, Brale, Virto, KSM collective.
Governance: optimistic approval - proposals pass by default unless majority organise to reject.
Contact: <a href="https://matrix.to/#/#decentpartners:matrix.org">Decent Partners public matrix</a> inc representatives from member organisations.
Summary
This proposal seeks retroactive funding of $125,000 in KSM to reimburse <a href="https://brale.xyz">Brale</a> for completing the integration of their community driven stablecoin issuance platform with Kusama AssetHub, which establishes a significant public good, unlocking exciting new opportunities for collectives.
By leveraging the Kusama-Polkadot bridge, Brale allows any organisation operating on either network to issue US regulated and yield generating stablecoins that can be exchanged at zero cost across 15 connected blockchains.
Ethereum, Base, Solana, Optimism, Polygon, Ethereum Classic, Celo, Hedera, Arbitrum, Avalanche, Cosmos, Coreum, Vechain.
The first stablecoin is decent/dUSD and it has been minted on Asset Hub with ID 50,000,002.
Brale have onboarded to krievo, joining the Decent Partners collective alongside decent, Virto and KSM collectives.
They are committing their KSM fee to driving adopton of dUSD.
A concurrent proposal requests <a href="https://rfc.decent.partners/t/liquidity-subsidy-for-ksm-dusd-liquidity-pool-on-kusama-asset-hub/62">a KSM liquidity subsidy </a>for kickstarting a KSM:dUSD trading pair on Asset Hub.
Brale are committing $300k of dUSD to the pool.
<img src="https://i.ibb.co/K7n6Q0C/image.png" alt="image.png" />

The aim of this referendum is to push business development (BD) for Polkadot by attracting top BD candidates with a successful track record in other chains. The proposal suggests using a bounty to fund and pay these candidates in small increments to assess their ability to deliver.

amount

beneficiary

- **Problem Statement:** Seeking retroactive funding of $125,000 in KSM to reimburse Brale for integrating their stablecoin issuance platform with Kusama AssetHub.
- **Significance:** Establishes a public good by enabling organizations on Kusama and Polkadot to issue regulated stablecoins across multiple blockchains.
- **Proposed Solution:** Leveraging the Kusama-Polkadot bridge to facilitate the issuance of stablecoins like decent/dUSD.
- **Expected Outcomes:** Unlocking new opportunities for collectives and driving adoption of dUSD through a KSM liquidity subsidy for a trading pair on Asset Hub.

#471 Retroactive Funding for Brale’s Public Good Stablecoin Integration with Kusama Asset Hub (now live)

No Active Proposals