Funding a Decision Deposit Sponsor

Summary

Requested amount: 3,333 KSM

Recipient: GqdJv3Kgva6AckTFT8N8ZGXzAuXWU5RjK4auNvKCEu7jmzV

Timeline: ~6 months (then refunded back to the Treasury)

Communication Channel: https://t.me/KSM_DD_SPONSOR

Discussion Context: https://kusama.polkassembly.io/post/2610

Problem

There are many well-intentioned individuals in the ecosystem that would like to try bold experiments on Kusama, but lack the necessary funds to place large decision deposits on the more powerful openGov tracks. This bottlenecks experimentation on the network, limiting it to the whims of whales who may not have the creativity or understanding to push innovation on Kusama.

Pushing a powerful referendum into the decision period should be expensive to prevent malicious attacks, but it inherently prevents highly reputable and good users who don't have tens of thousands of dollars from pushing new and exciting ideas without winning the whim of a whale.

Proposed Solution

I propose funding a multisig-managed governance proxy whose signatories consist of a good number of ecosystem agents with super majority threshold. This configuration ensures that only governance actions could be taken with these Treasury funds. The social layer of the signatories ensures that we only use these funds to place decision deposits and not to vote on referenda or delegate to anyone.

If the ecosystem approves and funds this initiative, we will first test it by placing the decision deposit on a root track referendum that will schedule a balances.forceTransfer of the 3,333 KSM back to the Treasury at block #24,300,000, effectively limiting the timeline of this experiment. Since the longest decision period is ~200,000 blocks, we will need to cease decision deposit activity by block #24,000,000 to ensure that the funds are free to transfer back to the Treasury. After the funds get transferred back to the Treasury, we can assess how this experiment performed.

This will be a passive experiment, meaning that we won’t actively try to elicit referenda from the community. Rather, we will field sponsorship requests on a case-by-case basis as they come in. The amount being funded will only allow us to sponsor one root track referendum OR many other-track referenda at a time. This means we’ll need to be selective in the case of multiple referenda requesting sponsorship. Given the experience of the signatories we hope the ecosystem can trust our discretion in placing deposits.

Signatories

Eduardo Cardoso

EkQWFRUHmSt8qCwmgYv8TNSaFu1Xo5DaDAHBZbZZFxXMwDr

Professional with extensive experience (more than 20 years) and award-winning projects. BizDev with creative approach and specialist in content, product planning, brand, technology and media, among other subjects related to innovation in Communication, Branding, Design and Advertising. Resume link.

Rafael Yahlomi

EY8GTvBftdX9FgcwNAEcShiLzGuWbFcgueFweQdpatz7cYK

PhD. in economics (distinction in Asset pricing),12 years quant developer (R, Python), 4 years nodes operator, Validator/Collator on multiple DOTSAMA projects (Polkadot 1kv, Kusama 1kv, Moonbeam & Moonriver). LinkedIn.

Tommi Niemi

EtommijqrHDFWFvBxP515oUbkXx9vK2qohzrmwpCXbU7Yx2

Tommi, ecosystem validator for around 3 years and IBP infrabuilder for South East Asia at Rotko Networks, is a full-stack developer. Maintains open Proxmox Ansible rolebooks for running blockchains(Unlabored).

Adam Steeber

GqC37KSFFeGAoL7YxSeP1YDwr85WJvLmDDQiSaprTDAm8Jj

B.S of Economics from the University of Minnesota, Twin Cities: August 2017. 7 years of sales and marketing experience. 4 years of business & project management: CTO/ CFO of Steeber Solutions LLC. At least 1 year of FT experience in media, content creation, and social media management. Started in the Kusama ecosystem in April of 2021 as an independent validator, receiving enough organic nominations (outside of TVP) to be elected in the active set. Expanded into RMRK technology and was inducted in the TVP in fall of 2021. Went full time into the ecosystem at the beginning of December 2021. Earned expertise in RMRK 2.0.0 development working on numerous projects. Moved on to data developments on Kusama with a Treasury-funded Chainlink integration. Currently an overall ecosystem agent, working for the betterment of Polkadot and Kusama both technically and socially.

Account Details

4-threshold multisig: EXo39uH9JZFu7Sijc79RmQUoWkamK25EEzpjCdikhrqW8sX

Governance pure proxy which will receive the funds from this spend:
GqdJv3Kgva6AckTFT8N8ZGXzAuXWU5RjK4auNvKCEu7jmzV