Statemine Common Good Lease Renewal

Democracy

4yrs ago

Tabled

Content

AI Summary

This is a proposal to extend the lease of Statemine, a common good chain dedicated to balances and fungible and non-fungible assets, by about two more years (16 lease periods).

Besides continuing its role as an entry point into the Kusama network for assets, especially those backed by off-chain reserves, in the next year Statemine will also start taking on more "system level" functionality, namely regarding KSM balances. With the rollout of XCMv3 and additional features like asset locking over XCM, future chains dedicated to subsystems like staking and governance will rely on Statemine to lock KSM for use in other parachains.

While this two-year lease is longer than leases available on auction, it is meant to represent Statemine becoming an extension to the Kusama protocol itself.

Releases are published in the Cumulus repo.

If people agree that this proposal as configured is worth a vote, then we will put it to public referendum.

Hash: 0x4272f0f5d52548e488339bf52861af98904a7f7509b5a067c1ba713b4af813e8

Statemine is a special chain for managing assets on the Kusama network.
The proposal is to extend Statemine's lease for about two more years.
Statemine helps new assets join the Kusama network, especially those backed by off-chain reserves.
In the future, Statemine will handle more system-level tasks, like managing KSM balances.
New features like asset locking will make Statemine important for other parachains.
The longer lease shows Statemine is becoming a key part of the Kusama network.
If people agree, the proposal will be voted on in a public referendum.