Cancelled

#81 2 Auctions using scheduled after (Root): scheduling 2 more auction to replace the three missed auctions meant to be scheduled by referendum 72

Proposer:

GLVe...F7wj

in Democracy

27th Jan '23

Description

AI Summary

Votes Bubble

Timeline

Evaluation

On Chain Info

Stats

Auctions on Kusama are scheduled using the Scheduler Pallet. Referendum 72 was proposed on Kusama through root Track given that the Scheduler Pallet can’t be called by the Auctions Admin (this PR will change that). Due to voting turnout, Referendum 72 will not be executed before the first scheduled call, set to happen at block height #16_367_188. This means that the first batch of auctions for LP27 will not be executed, as the scheduler pallet does not allow the execution of an action in a past block (the other batches will be scheduled).

In order to alleviate the demand of auctions (teams that need to renovate their slot during LP27 to keep uptime of their parachains will not be able to do so, therefore having to interrupt their service to the community) we have proposed the following two referenda, up for vote now and scheduling 3 auctions from next week:

This referendum aims to schedule the following 2 auctions (after [the 1st one scheduled by this proposal) using the scheduler pallet via Root Caller. The new Scheduler call will need to execute before block #16_568_788. If submitted today (27/Jan), then it should work for every case scenario, based on the current support percentages.

Call

Scheduler: Root Admin
Auction Parameters: auctions.newAuction(duration: 14400, leasePeriodIndex: 27)
Encoded call Data: 0x1804041d0251a37492c47ff0c069dad8080818b5303493eb91feb718cc4cee7e3ebe39978ed4d1fc000102000000c089010000480001e16c

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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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#510 Secure Funds

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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.

Rationale:

The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.

Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.

To ensure responsible management, these remaining funds (400 KSM) should be safeguarded under Kusama governance.

Next Steps:

The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.

We urge the community to support this measure to protect DAO resources.

Evidence:

Rug on virtuals

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Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers.

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but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet

Then went to hydration and got sold.

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Adjust (only) ideal bulk proportion

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Setting a realistic target for coretime sales

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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`: From `100%` to `40%`

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.

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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.

Remove Gabe from the fellowship

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Members of the Fellowship Collective involved in projects flagged by the OG tracker should provide a proper explanation, return the funds to the Treasury, or face expulsion.

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24th Mar '25

Fellowship Admin

Fellowship Admin

#508 Remove Gabe from the fellowship

EJgd...JGQZ

24th Mar '25

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Members of the Fellowship Collective involved in projects flagged by the OG tracker should provide a proper explanation, return the funds to the Treasury, or face expulsion.

Invarch failed to provide the first two, so Gabe, a founding member of the team, does not meet the ethical standards required to have a voice in the Fellowship.

TENETS (extract from the fellowship manifesto)

"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.

(1) Sincerely uphold the interests of Polkadot and avoid actions which clearly work against it.
(2) Respect the philosophy and principles of Polkadot.
(3) Respect the operational procedures, norms and voting conventions of the Fellowship.
(4) Respect your fellow Members and the wider community"

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