To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.
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#512 Adjust (only) ideal bulk proportion
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Setting a realistic target for coretime sales
Background
This proposal aims to adjust the parameter that controls the ideal target for coretime sales to a value that better reflects the expected demand of Kusama cores. This change will help stop coretime prices from being driven to near-zero and instead drive prices to a more realistic value, benefiting the Kusama ecosystem.
The main utility of KSM is to pay for coretime (which gets burned), but current prices are virtually 0, making it hard for the system to benefit from its main product offering. Elastic scaling will help grow demand for coretime and thus KSM, and there might also be new sources of KSM demand like Kreivo's memberships, but we need to adjust the core business model.
Proposed Change
This proposal focuses solely on adjusting the ideal_bulk_proportion parameter:
- Setting
ideal_bulk_proportion: From100%to40%
The proportion of cores available for sale which should be sold.
If more cores are sold than this, then further sales will no longer be considered in determining the sellout price. In other words, the sellout price will be the last price paid, without going over this limit.
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.
This modified proposal addresses those concerns by focusing only on the coretime sales parameter, which has received broader support. By setting a more realistic target for bulk coretime sales (40% instead of 100%), we can help discover coretime's true value while maintaining the current inflation rate that supports validator operations.
Note that this number is not set in stone; it's a starting point that can help us better discover coretime's true value. The parameter can be adjusted in the future based on market response and ecosystem needs.
Future Considerations
This proposal is part of a broader effort to optimize Kusama's economic parameters. A future proposal focused on inflation may be developed in collaboration with validators to ensure any changes to inflation include conditions for newly minted KSM that benefit both validators and the broader ecosystem.
As a Kusama community member, I believe this focused change represents a balanced approach that addresses immediate concerns while setting the stage for future improvements.
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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
- Tests - Smart contract test
- Smart contract - ZK shielded smart contract with KSM and multi asset support on Westend or Paseo
- Basic UI - A basic UI for interacting with the smart contract
Milestone 2, UI + XCM:
$9,900
1 month
- Tests - tests for all features
- User interface design - UI design
- XCM transfers - XCM transfer assets in UI
- Fixed amount transfer only - Allow fixed amount transfers in the UI
Milestone 3, Mainnet Deployment:
$16,900
1 - 1.5 months
- Contract Migration to Kusama Assethub - Migrate contract from Testnet to Kusama Hub
- Public documentation - Documentation for using Kusama shield and developer integration documentation
- Test - tests for contract
- 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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