Proponent: Decent Partners
Request: $125,000 equivalent in KSM (7day TWAP) paid retroactively
Payment to: Decent Partners organisation on krievo.
Members: Three organisations - decent, Brale, Virto.
Address:
Contact: DP Matrix inc decent, Brale and VIrto members.
- Note - the full integration will go live sometime after Wedneday 27th November.
- Note - this proposal is paired with a concurrent $300k liquidity incentive proposal to match $300k of dUSD from Brale in the KSM:dUSD Asset Hub pool.
- Note - we will be putting the proposals on-chain this Wednesday 21st November. Voters are welcome to abstain until they see dUSD live on AssetHub.
The integration of Brale into Kusama AssetHub represents a critical development for stablecoin infrastructure across both the Kusama and Polkadot ecosystems.
By leveraging the Kusama-Polkadot bridge, Brale’s backend now allows any organisation operating within these ecosystems to issue stablecoins that are interoperable across over 15 connected blockchains.
This proposal seeks retroactive funding of $125,000 in KSM to reimburse Brale for completing its integration with Kusama AssetHub, which has established a significant public good.
Brale’s integration enables any organisation in Kusama or Polkadot, via the Kusama-Polkadot bridge, to create its own stablecoin that is instantly interoperable across more than 15 blockchains via Brale's backend infrastructure including:
Ethereum, Base, Solana, Optimism, Polygon, Ethereum Classic, Celo, Hedera, Avalanche, Cosmos Vechain
Unlike USDT/C Brale share yield generated by stablecoin issuance with their partners in a steadily ratcheting commercial agreement in favour of the partner.
This model is analogous to YouTube sharing ad revenues with creators through their partner programme, except Brale are democratising the creation, issuance and distribution of fiat currencies not online video.
Context
Integration as a Public Good: Brale’s infrastructure allows any organisation on Kusama or Polkadot to issue its own stablecoin, fostering economic sovereignty and innovation. The Kusama-Polkadot bridge ensures this functionality is accessible across both ecosystems, greatly expanding its potential utility.
First Implementation: decent/dUSD serves as a model for other collectives. Yield generated is redirected transparently into new creator collectives illustrating how stablecoins can underpin decentralised economies and generate sustainable revenue tied to real-world adoption. You can think of decent as Tether with a soul.
Brale is providing an initial $300,000 in dUSD to the new KSM:dUSD liquidity pool, ensuring robust liquidity to facilitate initial asset exchange.
A separate concurrent treasury proposal seeks $300k of matching KSM to add to the pool.
Brale, as a founding member of the Decent Partners collective, is focused on fostering new organisations and economic models within the Krievo blockchain ecosystem and is keeping their fee within the ecosystem - with the funds used to bootstrap adoption.
The requested $125,000 in KSM will be converted into dUSD through the KSM liquidity pool and allocated as follows:
As a reference implementation, decent/dUSD—the first stablecoin in the Polkadot ecosystem where yield is recirculated into the native economy —has been successfully launched on Asset Hub.
dUSD has AssetID XXX.
It will be integrated into the Krievo blockchain and Virto App.
dUSD’s role is to demonstrate the potential for on-chain collectives to build their own network economies and benefit from revenues tied to the adoption of their branded stablecoins.
In addition to its technical contributions, Brale has also added $300,000 in dUSD to a new KSM:dUSD liquidity pool significantly enhancing liquidity within the Kusama and Polkadot Asset Hub ecosystems.
Funds are paid to the Decent Partners organisation on Krievo.
These funds are governed by the members aka the Partners.
Decent Partners is a digital cooperative of member organisations developing the decent/dUSD economy.
It is a metaDAO… a DAO of DAOs.
Decent Partners exists as both an on and off-chain entity and is therefore able to hold on-chain assets and sign off-chain agreements.
Founding members of Decent Partners are decent, Virto and Brale organisations.
Each member organisation operates under their own governance structures facilitated by Krievo’s OpenGov based systems.
Funded organisations adopting dUSD have a path to becoming Decent Partners.
Each member gets 1 vote in the organisation.
Votes are approved optimistically - proposals submitted by member orgs pass unless other members organise to block the proposal.
Funds will be paid out as advances to new Krievo orgs in a manner similar to a record label.
Organisations commit to using decent/dUSD as their payment infrastructure
They also pledge their brand IP as NFTs to the Decent Partners reserve on Kabocha.
Advances are recouped automatically based on income to the organisations.
Organisations generate income from either:
Decent Partners represents the interests of the overall collectives - acting as a decentralised record label.
Partners receive licensing requests from external organisations and agree terms collectively.
The off-chain legal entity of Decent Partners executes licensing agreements.
Organisations receiving advances commit to using dUSD for payments.
dUSD yield is pooled into the Decent Partners organisation and is governed by members.
As the economy grows, so does the yield, enabling the sustainable expansion of the economy.
Network equity
Kabocha is Krievo’s first satellite chain and its KAB token acts as a fungible token representing the underlying assets of the NFT reserve.
Organisations driving economic adoption are rewarded with a 1:1 automated issuance of KAB, Kabocha’s native token.
Customers of organisations automatically receive 2% cashback in KAB on their purchases.
This ties the issuance of Kabocha to an inflationary schedule directly tied to economic impact and also ensures increasing decentralisation of the token when compared to staking rewards.
As well as committing their KSM fee to driving adoption of dUSD, Brale will be governance approval a $125k equivalent fee in KAB - at $0.1 per token.
Public Good Infrastructure:
Brale’s integration enables any organisation on Kusama or Polkadot to create a stablecoin interoperable with over 15 blockchains.
This capability fosters innovation and economic diversity within Kusama, Polkadot, and beyond.
dUSD as a Reference Implementation:
Demonstrates how stablecoins can drive economic adoption and revenue generation.
Acts as a model for collectives to develop their own branded economies.
Loan and Licensing Model:
Collectives receive dUSD as recoupable loans and pledge their brand assets as intellectual property (IP) to the Decent Partners reserve on Kabocha.
Licensing of these IPs generates revenue, transparently redistributed within the collective after loan recoupment.
Network Equity Through Adoption:
KAB tokens are minted based on real economic activity:
1:1 for each dUSD of economic demand created.
2% cashback in KAB for customers/supporters of participating collectives.
Establishes Brale’s infrastructure as a public good for decentralised stablecoin innovation across Kusama and Polkadot.
Strengthens Kusama’s and Polkadot’s financial ecosystems with a sustainable, decentralised model.
Inspires other collectives to create their own branded stablecoins, fostering diversity and economic sovereignty.
Enhances liquidity and usability of both KSM and dUSD within the network.