Project Gweihir, a Chainlink external adapter for Kusama chain data.

This on-chain proposal is for Project Gweihir. All details of the project can be found here. In short, we would like to build an open-source Chainlink external adapter for Kusama chaindata and a proof-of-concept dApp. This infrastructure will allow smart contracts on Ethereum to use Kusama chaindata.

Previous discussion and context can be found here.

We are asking for ~2,811 KSM = ~$83,000 using EMA14 on Kraken. We came to this number by taking the weighted average price of all KSM-USD trades on Kraken from December 1st, 2022 at 18:00 UTC to December 15th, 2022 at 18:00 UTC (13,274 data points). That came out to a KSM price of ~$29.73 USD. This EMA14 figure can be verified using Kraken's API.

We chose enactment at block #16000000 to put this in the tax year of 2023.

Thanks for all the support and feedback!

Adam Steeber
CTO - Steeber Solutions LLC

p.s. though some UIs say that medium spender can only spend up to 500 KSM, this figure was increased to 3,333 KSM in v0934 when the QUID unit increased by 10x.

Project Gweihir Proposal Summary

Objective: Develop an open-source Chainlink external adapter for Kusama chaindata and a proof-of-concept dApp.
Purpose: Enable Ethereum smart contracts to use Kusama chaindata.
Funding Request: Approximately 2,811 KSM (~$83,000) based on the EMA14 price from Kraken.
Price Calculation: The KSM price was calculated using a weighted average from December 1-15, 2022, resulting in ~$29.73 per KSM.
Enactment Block: Set for block #16000000 to align with the 2023 tax year.
Previous Discussion: Available on Polkassembly.
Technical Adjustment: The spending limit for medium spenders was increased to 3,333 KSM in v0934.
Contact: Adam Steeber, CTO of Steeber Solutions LLC.

Source

This on-chain proposal is for Project Gweihir. All details of the project can be found here. In short, we would like to build an open-source Chainlink external adapter for Kusama chaindata and a proof-of-concept dApp. This infrastructure will allow smart contracts on Ethereum to use Kusama chaindata.

Previous discussion and context can be found here.

We are asking for ~2,811 KSM = ~$83,000 using EMA14 on Kraken. We came to this number by taking the weighted average price of all KSM-USD trades on Kraken from December 1st, 2022 at 18:00 UTC to December 15th, 2022 at 18:00 UTC (13,274 data points). That came out to a KSM price of ~$29.73 USD. This EMA14 figure can be verified using Kraken's API.

We chose enactment at block #16000000 to put this in the tax year of 2023.

Thanks for all the support and feedback!

Adam Steeber
CTO - Steeber Solutions LLC

p.s. though some UIs say that medium spender can only spend up to 500 KSM, this figure was increased to 3,333 KSM in v0934 when the QUID unit increased by 10x.