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Test Transfer of 1 DOT from Kusama Treasury Back to Bill’s Account

inSmall Spender
7 months ago
Executed

Proposal: Test Transfer of 1 DOT from Kusama Treasury Back to Bill’s Account

Track: Track 32 - Small Spender

Request: 1 DOT (≈ 0.25 KSM at 1 KSM = 4 DOT)

Objective: This proposal aims to perform a live test of Kusama’s multi-asset treasury capabilities by executing a transfer of 1 DOT (a Polkadot asset) from the Kusama treasury to a known account. We will be using the verified BILL’s account, as he has already donated 2 DOT to the treasury (https://assethub-kusama.subscan.io/extrinsic/8552922-2). so this request takes back only half of that contribution, leaving the treasury net +1 DOT.

By using this modest amount, we ensure minimal risk while proving the end-to-end flow: governance approval, cross-chain asset handling, and receipt by the beneficiary once the DOT/KSM rate and bridge are in place.

Track and Configuration: We are using the Small Spender treasury track for this test. The Small Spender track on Kusama is designed for low-value spends and has a hard cap of 10 KSM-equivalent per proposal.

With the rate set in Referendum 521 ( 1 KSM = 4 DOT → 1 DOT = 0.25 KSM ), the requested 1 DOT corresponds to 0.25 KSM, which is just 2.5 % of the 10 KSM.

Transfer Details: The on-chain call will utilize the new Treasury.spend extrinsic (multi-asset spend version).

Under the hood, this call instructs the Kusama treasury’s sovereign account on Asset Hub to send 1 DOT to the beneficiary. The assetKind parameters will designate Asset Hub (parachain ID 1000) as the location and DOT’s asset ID on that chain, and the beneficiary will be given as an XCM multi-location corresponding to JFArxqV6rqPSwBok3zQDnj5jL6vwsZQDwYXXqb1cFygnYVt on Asset Hub. Because the asset rate for DOT is already set, the governance system will automatically validate that 1 DOT ≈ 0.25 KSM is within the Small Spender track’s limit before the referendum can be approved.

Rationale: This test has several important motivations:

  • Proof of Functionality &
  • Safety First &
  • Parameter Verification &
  • Demonstrating OpenGov Agility

Call Preimage (for reference): The precise call data will be constructed as a treasury.spend call. In human-readable terms, it will look like:

Treasury.spend( { location: { parents:0, interior:{ X1:{ Parachain:1000 } } }, assetId: { Concrete:{ parents:2, interior:{ X1:{ GlobalConsensus:"Polkadot" } } } } }, 10_000_000_000, { parents:0, interior:{ X1:{ AccountId32:"" } } }, null )
This call will be encoded and submitted as the preimage for the referendum.

Conclusion
By approving this proposal, the Kusama community will conduct a safe, low-value experiment to affirm our newfound ability to handle cross-chain treasury spends. We will transfer 1 DOT from the Kusama Treasury to Bill’s account JFArxqV6rqPSwBok3zQDnj5jL6vwsZQDwYXXqb1cFygnYVt, verify its receipt on Asset Hub, and thereby demonstrate that the Kusama treasury can seamlessly spend non-KSM assets, specifically DOT.

After enactment anyone may call treasury.payout() – we will do so immediately and post the Tx hash in the comments.

Comments (2)

7 months ago

I will abstain from vote, as I have a pretty obvious conflict of interest. But hopefully you will all see fit to return 50% of the DOT that I donated to the Treasury =)

7 months ago

Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is AYE.

The Small Spender track requires 50% participation and simple majority of non-abstain voters according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received six aye and zero nay votes from ten available members. Below is a summary of our members' comments:

In the recent referendum, a majority of voters expressed their support, casting affirmative votes. Comments included light-hearted remarks about wanting rewards in the form of "Bill coins" as a playful suggestion. Overall, the feedback reflected a positive sentiment towards the proposal, with all participants favoring the outcome.

The full discussion can be found in our internal voting.

Please feel free to contact us through the links below for further discussion.

Kind regards,
Permanence DAO
Decentralized Voices Cohort IV Delegate

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Requested

DOT
1.00 DOT

Proposal Passed

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