OpenGov and treasury is a good thing and we need to use it properly.
We as a kusama community want to see as much as possible use cases on parachains and as much as possible burning of kusama with core time usage.
The best way to turn the table and create good vibe around kusama is to incentivise parachains from treasury depends how many KSM coins are on sovereign accounts of that parachains. This is only one metric that can't be abused.
For examle there are 3 chains on kusama: A, B, C chain. (during period of 28 days)a
A contains on severign account 10K ksm
B contains on severign account 70K ksm
C contains on severign account 20K ksm
So in total 100K KSM bridged from Kusama relay chain to rollups. Each of them will be rewarded proportionally on the sovereign accounts.
10% to A, 70% to B, 20% to C.
KSM for insentivice is from treasury and could be any what KUSAMA open gov will decide. for example
— % from all KSM in treasury.
— % from KSM collected during month,
— % from KSM that suppose to be burned as not spended.
The distribution to parachain/rollups could/should be done automaticly depends how many KSM on sovereign account was each block during the some period.
It could be done via extra pallet that check balances on sovereigns accounts each block and distribute KSM incentives to that accounts proportionally for total KSM during spending period duration.
This is the best and the fastest way to drive development activity and real product on kusama.
As open gov we still can try to fund some pallet developments, marketing but at the end of final use case for relay chain native currency is bridging as much as possible KSM to parachain/rollups.
To not let abuse the system of insentivise and not drive up only LSD via parachain/sovereign account — could be good to just apply some formula to that balance of sovereign parachain account that pull down total share of such LSD parachain use cases.
OpenGov and treasury is a good thing and we need to use it properly.
We as a kusama community want to see as much as possible use cases on parachains and as much as possible burning of kusama with core time usage.
The best way to turn the table and create good vibe around kusama is to incentivise parachains from treasury depends how many KSM coins are on sovereign accounts of that parachains. This is only one metric that can't be abused.
For examle there are 3 chains on kusama: A, B, C chain. (during period of 28 days)a
A contains on severign account 10K ksm
B contains on severign account 70K ksm
C contains on severign account 20K ksm
So in total 100K KSM bridged from Kusama relay chain to rollups. Each of them will be rewarded proportionally on the sovereign accounts.
10% to A, 70% to B, 20% to C.
KSM for insentivice is from treasury and could be any what KUSAMA open gov will decide. for example
— % from all KSM in treasury.
— % from KSM collected during month,
— % from KSM that suppose to be burned as not spended.
The distribution to parachain/rollups could/should be done automaticly depends how many KSM on sovereign account was each block during the some period.
It could be done via extra pallet that check balances on sovereigns accounts each block and distribute KSM incentives to that accounts proportionally for total KSM during spending period duration.
This is the best and the fastest way to drive development activity and real product on kusama.
As open gov we still can try to fund some pallet developments, marketing but at the end of final use case for relay chain native currency is bridging as much as possible KSM to parachain/rollups.
To not let abuse the system of insentivise and not drive up only LSD via parachain/sovereign account — could be good to just apply some formula to that balance of sovereign parachain account that pull down total share of such LSD parachain use cases.
Threshold
Threshold