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The proposal is to increase the weight limit of the `ump trasact` used by XCM to allow more functions like `contribute` and `staking`. This will improve the flexibility of parachains and benefit the Kusama ecology. Bifrost, a service that helps parachains participate in crowdloan with locked assets and provides liquidity through staking derivatives, uses xcm transact to achieve this. However, the current ump-service-weight threshold does not allow it, causing the call to fail. The original thread and referenda can be found on the provided links, and the hash is `0x370695c3d94646368444225c6473fc0081af1a3f08074471d3155ec8497811cf`.

Increasing `ump service limit` threshold value

Untitled - public proposal #47

Authorize Staking precompile and smart contract interaction

- The Litentry registrar is a service that helps verify users' identities automatically using cryptography.
- It checks if users own their email, Element, and Twitter accounts by sending them special links.
- Once users confirm the links, the service confirms their ownership and removes their data for safety.
- The service uses secure tokens to make sure only the right user can verify their accounts.
- If the connection to the system gets lost, it automatically reconnects to keep things running smoothly.
- Users get simple instructions to click buttons or links to complete the verification.
- This service makes the verification process faster, cheaper, and easier for users.

A registrar service on Kusama focusing on automatic verifications

- The proposal suggests changing Kusama's currency by making 100 KSM equal to 1 new KSM, similar to what was done with DOT.
- This change would make calculations easier and avoid using small decimals.
- Kusama currently uses two more decimals than DOT, making it harder to compare the two.
- Redenominating Kusama would make it simpler to compare with DOT, like comparing apples to apples.
- However, changing Kusama's currency is very complicated and requires a lot of work, especially since transfers are already enabled.
- The main focus right now should be on deploying parachains, which are very important for the DOT ecosystem.
- The proposer regrets suggesting the change, as it could cause confusion and is not a priority at this time.
- They ask if it’s possible to add this feature in the future when it’s more convenient.

Now is not the Time; Vote Against This Proposal 

### Wasm Smart Contracts Bounty Proposal

- **Purpose**: Encourage WebAssembly smart contract development on Polkadot parachains.
- **Initiators**: A coalition of teams.
- **Objectives**:
  - Create audited Ink!/Ask! smart contract showcases.
  - Develop an incubation program.
  - Build a React Hooks library called "UseInk".
- **Approval Process**: 
  - Council approval required first.
  - Followed by a community vote via Referendum.
- **Budget and Details**: Available on the bounty page [here](https://polkadot.polkassembly.io/bounty/19).
- **Preimage Status**: Submitted but not yet paired due to application issue.
- **Proposal Hash**: `0xad5bd919076c71a6acba8ffafe12dfaf8ef83e40d69a56ee1ae1d5ffaa9f429e`.

Approval of Wasm Smart Contracts Bounty - bounty 19

### Summary

- **Proposal**: Open a bi-directional channel between Moonriver and Shiden.
- **Purpose**: Facilitate the transfer of MOVR and SDN tokens between the two chains.
- **Asset Registration**: Register SDN as xcSDN with specific details (multilocation, decimals, name, symbol).
- **Technical Steps**:
  - Moonriver will propose to open and accept HRMP channels with Shiden.
  - Shiden will accept the HRMP channel from Moonriver.
  - Execute extrinsics on the relay chain to set up the channels.
- **Asset Details**: xcSDN will have a specific asset ID and XC-20 address.
- **Execution**: Use XCM messages to manage asset transfers and channel setup.

Open/Accept HRMP channel to/from Shiden and Register SDN Asset

- This proposal is about whether to keep a human verification step for identity checks on Kusama.
- If the proposal passes, it will add a comment on the blockchain saying to keep human verification.
- Not voting means agreeing to remove the human check.
- The human verification is currently done twice for each identity check, but it might be reduced or removed.
- Reasons to remove it: it takes time, automatic checks are now good enough, it costs more, and users might prefer lower fees.
- If people value the human check, alternatives will be considered.
- The decision might also affect Polkadot.

Human verification for Registrar #1

I just test how the proposal on the chain connects to polkassembly

### Moonbeam Runtime Upgrade to Version 1504

- **Security Issue**: A security problem was found and reported through Moonbeam's Immunefi bug bounty program.
- **Upgrade Proposal**: The Moonbeam Council suggests upgrading to runtime version 1504 to fix the issue.
- **Fix Details**: The upgrade will restore DELEGATECALL for Ethereum standard precompiles and smart contracts, but keep it disabled for custom precompiles.
- **Release Note**: More information about the upgrade can be found in the release note on GitHub.
- **Security Announcement**: Detailed information about the security issue is available in a blog post.
- **Bug Bounty Program**: Learn more about Moonbeam's bug bounty program on Immunefi.
- **Verification**: The Blake2_256 Hash for the proposal is `0xadf9d791567b5170326a535af19d2fec6b8d3931cca1083a625b6aeb58e75c0d`.

Runtime Upgrade 1504 - Moonriver Network

- The proposal suggests changing the value of KSM (Kusama) to match DOT (Polkadot).
- It would increase KSM units from 10 million to 1 billion, making 1 old KSM equal to 100 new KSMs.
- The change doesn’t affect the total value or ownership of KSM, just the way it’s counted.
- Developers say this change would require a lot of work and could cause confusion.
- The proposal isn’t necessary for Kusama’s network to work well or for auctions to happen.
- Kusama is already running smoothly, unlike Polkadot when it made a similar change.
- The main goal is to make KSM easier to use and calculate, like DOT.
- The proposal doesn’t change the smallest unit of KSM, called Planck.

Redenomination KSM for better parallel chain slot auction testing.（The revision：I'm sorry about my proposal ）

- The proposal suggests changing the KSM (Kusama) denomination by increasing its total amount by 100 times.
- Current KSM balances will also increase by 100 times (1 old KSM = 100 new KSMs).
- The distribution of KSMs stays the same, so everyone keeps the same share of the network.
- The precision of KSM will change from 12 decimal places to 10 decimal places.
- The smallest unit of KSM, called Planck, remains unchanged.
- The change makes calculations easier, similar to what happened with Polkadot's DOT.
- The proposal only changes what is called a "KSM" and doesn’t affect the network technically.
- The system remark is a special note encoded in the proposal.

Proposal for redenomination of KSM

- The proposal is inspired by Polkadot and adjusted for Kusama.
- It suggests slowly adding more validator slots over time.
- The plan is to increase slots by 1 every 6 hours (1 era).
- This increase will repeat for 400 eras.
- The goal is to avoid a sudden jump in validators.
- The network aims to reach up to 1000 validators gradually.

A proposal to gradually increase the number of validators

### Summary

- Kusama version 0.9.19 changed how weight is converted to KSM for fee payments.
- Before 0.9.19, the conversion rate was 0.27 KSM per unit of weight.
- After 0.9.19, the rate is now about 0.41 KSM per unit of weight.
- This update affects the XCM-Transactor, which needs to be adjusted.
- The new conversion rate is 0.41485177350 KSM per weight.
- A proposal (#17) has been made to update this value.
- The proposal uses a specific function to set the new conversion rate.

Set new relay transactor info in Moonriver

### Summary of Proposal to Register xcUSDT on Moonriver

- **Objective**: Register USDT from Statemine as xcUSDT on Moonriver.
- **Details**:
  - Multilocation: `{ "parents": 1, "interior": {"X3": [ { "Parachain": 1000}, {“PalletInstance”: 50},{ "GeneralIndex": 1984 }]}}`
  - Decimals: `6`
  - Name: `Tether USD`
  - Symbol: `xcUSDT`
- **Asset ID**: Extracted from Tether’s official website.
- **Fee Calculation**: Based on the current KSM to USD price ratio.
- **Proposal Hash**: `0x0ea6d0cf368bc6f02a0397837a00b32f2bf25745a64ed9265cef0c4f8a0ff535`
- **Technical Steps**:
  - Register the asset using `assetManager.registerAsset`.
  - Store a revert code using `system.setStorage` for smart contract interaction.
- **Outcome**: xcUSDT will be assigned asset ID `133057993812922544048267207069832508503` and XC-20 address `0xFFFFffFf641a099723723c870F7368C47f96F457`.

Register USDT from Statemine as xcUSDT on Moonriver

### Summary of Proposal to Update XCM Version on Moonriver

- **Current XCM Version**: Kusama currently uses XCM Version 1 to communicate with Moonriver.
- **Proposed Update**: The proposal suggests updating the supported XCM version to Version 2.
- **Proposal Details**: The proposal is Proposal #17 with the hash `0x1fbe2211015409a8a4ab90235a19436e63690e333356e965f3f842389bb1ef31`.
- **Technical Steps**: 
  - Kusama expects Moonriver to respond to a Query ID with the supported version.
  - The Query ID can be verified using the chain state.
  - The update involves sending a XCM message with specific instructions.
- **Hex-Encoded Call Data**: The hex-encoded call data for the update is `0x67000101000204037929030200000000`.

Updated XCM Supported Version on Kusama

### Summary of HRMP Channel Proposal

- **Proposal Acceptance**: We propose to accept an HRMP (Horizontal Relay-routed Message Passing) channel between Bifrost (Kusama) and Moonriver.
- **Previous Failure**: The previous proposal failed due to improper execution on Kusama.
- **Main Use Case**: Initially, the channel will be used to transfer BNC tokens from Bifrost to Moonriver, with potential for other uses later.
- **Technical Execution**: The acceptance requires executing a specific extrinsic on Kusama, involving several steps like withdrawing assets, buying execution time, and transacting call data.
- **Collateral Requirement**: The parachain's sovereign account needs to hold at least 5 KSM as collateral and additional KSM for execution fees.
- **Proposal Details**: The proposal has a specific hash and call data, which can be viewed on Moonriver's extrinsic decoder.
- **Hex-Encoded Call Data**: The call data for accepting the channel is provided in hex format.

Accept HRMP Channel from Bifrost to Moonriver

### Summary of HRMP Channel Proposal

- **Proposal**: Accept an HRMP channel between Bifrost and Moonriver.
- **Initial Use**: Transfer BNC tokens from Bifrost to Moonriver.
- **Fast-Tracked**: Due to high block production times, the proposal was expedited.
- **Technical Steps**:
  - Execute acceptance in Kusama using specific extrinsics.
  - Use XCM messages to withdraw assets, buy execution time, and execute call data.
- **Collateral**: Requires ~5 KSM per channel direction, plus fees for XCM execution.
- **Referendum**: Referendum #77 with hash *0xb9a83527d40a4d28321346eb73e9ad5431d3cc82d7330a12fab098324f750f96*.

### Summary of Proposal to Register xcAUSD on Moonriver

- **Objective**: Register aUSD (Acala Dollar on Karura) as xcAUSD on Moonriver.
- **Details**:
  - **Multilocation**: `{ "parents": 1, "interior": {"X2": [ { "Parachain": 2000}, { "GeneralKey": "0x0081" }]}}`
  - **Decimals**: 12
  - **Name**: Acala Dollar
  - **Symbol**: xcAUSD
- **Fee**: Karura (KAR) fee for executing the XCM.
- **Proposal**: Proposal #79 with hash `0xc0d55701c24731f46df65f6feffdbd68acae2c4276b3b4c750cfdbd154ad4e40`.
- **Technical Steps**:
  - Register the asset using `assetManager.registerAsset`.
  - Store a revert code using `system.setStorage` for smart contract interaction.
- **Outcome**: xcAUSD will be assigned asset ID `214920334981412447805621250067209749032` and XC-20 address `0xFfFffFFfa1B026a00FbAA67c86D5d1d5BF8D8228`.

Register Acala Dollar from Karura as (xcAUSD) on Moonriver

- The proposal will add 2 validators every 3600 blocks (1 era) for 336 times.
- This will happen over about 3 months.
- At the end, there will be 672 more validators than the starting number.
- If the network has problems, the plan can be stopped using a special command.
- The plan was checked quickly but not fully tested.

Gradual Validator Count Ramp-up (+672 Validators/~3 Months)

500 validators

### Summary

- This proposal updates the `UnitsPerSecond` fee for all registered XC-20 tokens.
- The `UnitsPerSecond` fee is set when a token is registered and is adjusted based on token price changes.
- The goal is to keep the XCM transfer fee around $0.02.
- The fee update is calculated using a script that fetches token prices from Coingecko.
- The proposal has a specific hash and call data for Moonriver.
- The script used for calculations can be found on GitHub.
- The fee update was based on token prices from August 24th.

Update XCM Fee Information for All Registered XC-20s

### Proposal Summary

- **Objective**: Register the foreign asset USD Coin (Moonbeam Wormhole).
- **Asset Address**: The USDC Wormhole contract on Moonbeam is located at [0x931715FEE2d06333043d11F658C8CE934aC61D0c](https://moonscan.io/address/0x931715FEE2d06333043d11F658C8CE934aC61D0c#code).
- **Usage**: USDC will be available as a base asset in prediction markets.
- **Fee Payment**: USDC can be used to pay fees.
- **Fee Conversion**: The initial fee factor is approximately 0.038 USDC per ZTG.

Onboard USD Coin (Moonbeam Wormhole)

- Kevin Li is the founder of Exoplanet Capital, focusing on blockchain investments.
- He graduated from the Chinese Academy of Fiscal Sciences.
- Kevin has 20 years of experience in Investment Banking and Venture Capital.
- He started buying Bitcoin in November 2013.
- Kevin is a validator and nominator in the Kusama network.
- He believes in the freedom, creativity, and inclusiveness of Kusama.
- Kevin hopes to contribute to the Kusama ecosystem through investments.
- He aims to provide good service for Chinese investors using Kusama.

Democracy Public Proposals