Spending Tracks Reconfiguration

Greetings everyone!

After discussing these changes with many people in the ecosystem, I have finally prepared a referendum that will reconfigure Kusama's runtime accordingly. This referendum will change the following parameters in the spending tracks:

Track	Spend Limit	Max Deciding	Min Approval	Preparation Period	Confirmation Period	Decision Period
Small Tipper	No Change	200 -> 6	No Change	1 mins -> 3 hrs	No Change	No Change
Big Tipper	No Change	100 -> 3	No Change	10 mins -> 6 hrs	No Change	No Change
Small Spender	333 KSM -> 100 KSM	50 -> 7	No Change	4 hrs -> 24 hrs	No Change	No Change
Medium Spender	3,333 KSM -> 1,250 KSM	50 -> 2	No Change	4 hrs -> 24 hrs	No Change	No Change
Big Spender	33,333 KSM -> 2,500 KSM	50 -> 1	50% -> 66%	4 hrs -> 24 hrs	48 hrs -> 24 hrs	No Change
Treasurer	No Change	No Change	50% -> 66%	2 hrs -> 48 hrs	3 hrs -> 48 hrs	14 days -> 28 days

For now, the preimage is unnoted. However you can verify the hash by using srtool v0.11.0. The call is:

utility.withWeight(
  system.setCode(
    <adam-spending-reconfig wasm blob>
    ),
  1000000000000,
  10000000
)

You can find the summary of changes on Github here.

Treasury reconfiguration discussions here and here.

I made a video going through the whole process of this referendum but it got removed from Youtube due to copyright strikes on the music in the background. I uploaded it to Twitter though so hopefully it will stay up there.

srtool output:

✨ Your Substrate WASM Runtime is ready! ✨
Summary generated with srtool v0.11.0 using the docker image paritytech/srtool:1.70.0:
 Package     : kusama-runtime v0.9.43
 GIT commit  : 700acb8e1fc20d53c71f7fdfea44dbe09d171c59
 GIT tag     : v0.9.43
 GIT branch  : adam-spending-reconfig
 Rustc       : rustc 1.70.0 (90c541806 2023-05-31)
 Time        : 2023-07-12T03:09:55Z

== Compact
 Version          : kusama-9431 (parity-kusama-0.tx23.au2)
 Metadata         : V14
 Size             : 6.76 MB (7087543 bytes)
 setCode          : 0xb33c31bd19d662efa286825b762e12f4b5c5f3efe52adb9364f0536b85c23411
 authorizeUpgrade : 0x39d7596c5ff88184df84e1c8b97c990c770d3b504e1a14184f7cc1a7dc11554f
 IPFS             : QmTM2YunEtFS16M7U82tBVDXZoSqj6Ygj4BFvPoEzbD9Nq
 BLAKE2_256       : 0x6931efb33b54eb6415b0bc5872623049eb5c5d130dc8fff31597c2c4791b81a7
 Wasm             : runtime/kusama/target/srtool/release/wbuild/kusama-runtime/kusama_runtime.compact.wasm

== Compressed
 Version          : kusama-9431 (parity-kusama-0.tx23.au2)
 Metadata         : V14
 Size             : 1.41 MB (1482916 bytes)
 Compression      : 79.08%
 setCode          : 0x47c4c4406c953aa037361422b6633ad3238f324b065999e55f50ea30fc11f08d
 authorizeUpgrade : 0x5643d874b0e71ad9a5dd2341e29e06e28ca2b19db770298785adc1db527f7afc
 IPFS             : QmNt3L38axQ9q4ibhx3FaNKLF4CwX7WkWpPU6CAycbVtGw
 BLAKE2_256       : 0x6320cbe21cd6ddf5fdc371a6d2da568d4b179dc5648eb2559e2e801370375b99
 Wasm             : runtime/kusama/target/srtool/release/wbuild/kusama-runtime/kusama_runtime.compact.compressed.wasm

Respectfully,

Adam

Kusama Referendum Summary

Referendum Purpose: A referendum is being proposed to reconfigure Kusama's runtime, specifically the spending tracks.
Changes in Spending Tracks:
- Small Tipper: Max Deciding changed from 200 to 6, Preparation Period from 1 min to 3 hrs.
- Big Tipper: Max Deciding changed from 100 to 3, Preparation Period from 10 mins to 6 hrs.
- Small Spender: Spend Limit reduced from 333 KSM to 100 KSM, Max Deciding from 50 to 7, Preparation Period from 4 hrs to 24 hrs.
- Medium Spender: Spend Limit reduced from 3,333 KSM to 1,250 KSM, Max Deciding from 50 to 2, Preparation Period from 4 hrs to 24 hrs.
- Big Spender: Spend Limit reduced from 33,333 KSM to 2,500 KSM, Max Deciding from 50 to 1, Min Approval from 50% to 66%, Preparation Period from 4 hrs to 24 hrs, Confirmation Period from 48 hrs to 24 hrs.
- Treasurer: Min Approval from 50% to 66%, Preparation Period from 2 hrs to 48 hrs, Confirmation Period from 3 hrs to 48 hrs, Decision Period from 14 days to 28 days.
Verification: The changes can be verified using srtool v0.11.0.
Github Summary: A detailed summary of the changes is available on Github.
Treasury Discussions: Discussions about the treasury reconfiguration are available here and here.
Video Explanation: A video explaining the referendum was removed from YouTube but is available on Twitter.
srtool Output: The runtime was compiled using srtool v0.11.0 with specific details provided in the output.

Spending Tracks Reconfiguration - runtime v9431

Kusama Referendum Summary