Statemine Common Good Lease Renewal

Democracy

2yrs ago

0 Comments

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 Lease Extension: Proposal to extend Statemine's lease by 2 years (16 periods).
Role in Kusama Network: Serves as an entry point for assets, especially those backed by off-chain reserves.
Future Functionality: Will handle more "system level" tasks, like managing KSM balances.
XCMv3 Integration: Will support asset locking over XCM, enabling use in other parachains.
Protocol Extension: Becoming an integral part of the Kusama protocol.
Release Information: Updates are published in the Cumulus repo.
Public Referendum: Proposal will be put to a public vote if supported.
Proposal Hash: 0x4272f0f5d52548e488339bf52861af98904a7f7509b5a067c1ba713b4af813e8.