Governance V2 went live for Kusama on 22nd Nov (22/11/22). Polkassembly successfully launched the governance v2 [dashboard](https://kusama.polkassembly.io/gov-2) on the same date allowing the community to start participating in the new truly decentralized governance..

As of 18th January, 72 referendums have been created across various tracks. We recently witnessed the power of OpenGov when two governance bodies voted in a simultaneous and coordinated way to approve an on-chain proposal and help improve the overall network.

The proposal is intended to fund the expenses made while development of OpenGov.
The milestones & respective costs include all the necessary product, research, development, design and management work to reach the defined goals. Read the full proposal [here](https://docs.google.com/document/d/1vWOiKBG_lARiy0EXDATxvt0htJ_N_LmtOnzirutAvns/edit?usp=sharing).
We are also excited to see how OpenGov improves on-chain governance for the Polkadot & Kusama ecosystem while inspiring other blockchains to learn and adapt to such governance models.

Proposer: Polkassembly

Proponent: F1wAMxpzvjWCpsnbUMamgKfqFM7LRvNdkcQ44STkeVbemEZ

Cost: $92,210 - 3238 KSM.

Full Proposal: https://docs.google.com/document/d/1vWOiKBG_lARiy0EXDATxvt0htJ_N_LmtOnzirutAvns/edit?usp=sharing
Discussion Post: https://kusama.polkassembly.io/post/2150



Propose and approve a spend of treasury funds.

- `origin`: Must be `SpendOrigin` with the `Success` value being at least `amount`.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

- Governance V2 was launched for Kusama on November 22nd.
- There have been 72 referendums created so far.
- OpenGov is a proposal to fund the expenses for developing OpenGov.
- The proposal costs $92,210 - 3238 KSM.
- The full proposal can be found at the provided link.

#75 Treasury Proposal for Polkassembly Opengov Development.