candidates

members

proficients

fellows

senior_fellows

experts

senior_experts

masters

senior_masters

grand_masters

Able to spend up to 333,333.3333 KSM from the treasury at once

treasurer

beneficiary

Approved

[Treasurer] Referendum #580

TimedOut

wrong preimage used. please ignore

- DOT can be used on Kusama through a special bridge.  
- Around 4900 DOT are on Kusama right now.  
- DOT can be sent to Kusama’s Treasury for spending.  
- A rate is set to control how much DOT can be spent (1 DOT = 10 USDC/USDT).  
- Kusama uses a rate of 1 KSM = 4 DOT for spending limits.  
- DOT and KSM have different decimal places (DOT: 10, KSM: 12).  
- This rate helps Kusama’s treasury understand DOT amounts correctly.  
- The rate is set by a governance vote.

Executed

Set Asset rate for DOT/KSM to enable treasury spends of DOT through Kusama OpenGov

- A team will build a simple app called [kusama.app](https://kusama.app) for newcomers.  
- It helps people start projects or groups easily, even without Web3 knowledge.  
- No wallet or tokens needed to begin.  
- The app will include basic tools for managing groups and assets.  
- First step (Q2): Design and a working prototype.  
- Second step (Q3): A working DAO governance system.  
- Budget: 8000 KSM.  
- Curators will oversee the project.

Rejected

KSM RFP #3 - Kusama.App ~ $100K price!

- A new tool is being made to help launch funding requests (RFPs) easily.  
- Prize money: $10,000, with extra rewards for helpers.  
- Supervisors will manage the project and return unused funds.  
- The tool will work with popular wallets and have a simple online form.  
- It will check balances and create voting proposals automatically.  
- The project has three steps, each with a payment and deadline.  
- Everything will be open-source and shared publicly.  
- A finder’s fee is offered to those who help pick the right team.

KSM RFP #2 - RFP Launcher Dapp - $12k Total Prize!

- A project to create a private money transfer system for Kusama Hub  
- Prize pool: $43,000 with extra rewards for finders and supervisors  
- Supervisors will oversee the project and return unused funds  
- Timeline runs from March to July 2024  
- Project includes smart contracts, a user-friendly website, and security features  
- Work is split into 3 milestones with payments for each step  
- All code will be open-source and shared publicly  
- Goal is to make private transfers easy and safe on Kusama Hub

KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!

- Bifrost wants to borrow 50,000 KSM for 18 months  
- They will use it to help vKSM (liquid staking token) work better  
- Bifrost has paid back loans before with extra KSM as interest  
- They made 8,370 KSM profit for Kusama Treasury so far  
- vKSM lets users stake KSM and still vote in governance  
- New features help users earn more with vKSM  
- Bifrost plans to connect KSM and DOT soon  
- They will repay 55,437 KSM (50,000 + interest) later

Treasury proposal: KSM liquidity subsidy for KSM liquid staking token - vKSM

Please vote nay: Proposal with incorrect params

### Summary

- **Bifrost** is a Liquid Staking app-chain on Polkadot, enabling users to earn staking rewards and DeFi yields across multiple chains.
- It has a high Total Value Locked (TVL) of over $70M and supports liquid staking for various networks like Kusama (vKSM), Ethereum (vETH), and more.
- Bifrost is requesting 50,000 KSM from the Kusama Treasury for 18 months to provide liquidity for KSM and vKSM pairs.
- This proposal is similar to successful previous requests in 2022 and 2023, which brought substantial income to the Kusama Treasury.
- Bifrost plans to repay the loan with interest, enhancing Kusama's network security and user participation in staking.
- The proposal includes plans for new features like Leveraged Staking and Chain Abstraction for KSM liquid staking.
- Bifrost aims to facilitate capital flow in KSM staking and empower KSM staking across Kusama and Polkadot.

- Will, the Ecosystem Janitor, wants to remove four bounties from the list.
- Three bounties were submitted by Tom StakePlus, totaling 100,000 KSM.
- One bounty was supported by Alex (former HA), worth about 5,500 KSM.
- All these bounties were voted on by the community but did not pass.
- Alex said the team won't continue with these bounties.
- Will believes enough time has passed since Tom's attempts.
- Will wants to keep the bounty list relevant.
- **Note:** Bounty 27 needs the curator to accept it.

WHO: Will, Paradox, Ecosystem Janitor

WHAT: Putting four bounties to rest, totaling 100,000 KSM and 5500KSM, that did not pass community vote

PRICE/TIMEFRAME/RESOURCES: Not specified

Three grifts and a comrade

- Referendum 382 issued three payouts totaling 3 KSM from the Kusama Asset Hub Treasury.
- The first payout of 1 KSM was successful.
- The second payout of 1 KSM will be available after block number 23105000.
- The third payout of 1 KSM will be available after block number 23255000 but will be voided.
- The voiding of the third payout can be verified on-chain using Polkadot-JS UI.
- The voiding process is part of testing the void spend functionality.

Test VoidSpend functionality for Treasury Payouts

Funding Brale integration into Kusama Asset Hub to introduce branded stablecoins (v3)

Bounty Closure Proposal: n.16 and n.21

### Summary of Virto Team Proposal

- **Funding Request**: The Virto team seeks funding at a reduced rate of 260 KSM per 6-day period for the remainder of 2024.
- **Purpose**: To develop light and modular client-side tools, specifically the VirtoSDK, which is multi-platform and usable in embedded hardware.
- **Focus Areas**: The team will create pallets and propose changes to enhance the PolkadotSDK, focusing on practical functionalities like reversible payments, powerful DAOs, and decentralized chat room controls.
- **Community Involvement**: They plan to test and refine these functionalities in their parachain, Kreivo, and invite community suggestions for new features.
- **Long-Term Goal**: The team aims to become self-sufficient by offering solutions as a service and tackling social inequality through the local incentives protocol.

Virto team proposes to continue developing VirtoSDK, a modular and multi-platform tool, at a reduced rate of 260KSM per 6-day spend period until the end of 2024. They will develop pallets and propose changes to enhance the PolkadotSDK, with a focus on practical functionalities. Their long-term goal is to tackle social inequality by implementing the local incentives protocol.

Virto 2024

### Summary of Virto Team's Proposal

- **Objective**: Develop decentralized applications to combat social inequality and support local economic development.
- **Tools**: Created VirtoSDK, a toolkit simplifying blockchain interactions for users without specialized knowledge.
- **Platform**: Built Kreivo, a parachain for testing and managing decentralized communities and secure payments.
- **Expansion**: Plans to implement the Local Incentives Protocol to boost local economies.
- **Community Engagement**: Seeks support from the Kusama community for innovation and practical blockchain solutions.
- **Funding**: Requests 333 KSM weekly, with quarterly reviews to determine continued funding.
- **Transparency**: Ensures accountability through on-chain transactions and open governance.
- **Long-Term Goals**: Aim to become self-sustainable and attract more communities to the ecosystem.

Virto team requests 333 KSM/week for Kreivo, a common-good parachain that facilitates secure payments and managing decentralized communities, and VirtoSDK, a toolkit that simplifies interactions with Substrate-based chains. They aim to make blockchain technology more accessible and practical for a wide range of applications. The total cost is 63,332 USD/month for 10-12 FTE, with quarterly community reviews to determine if the team should continue to be funded.

Virto team - Kusama agents continuous funding

Bad preimage -  please vote nay

- The proposal is about adding Brale and Glo Dollar to Kusama AssetHub.
- The community now knows more about the treasurer track.
- Kusama's confirmation time is now 48 hours, not 3 hours.
- Fixed a mistake in a payment amount (2475 was corrected from 24755).
- Brale's technical integration will take 16 weeks instead of 12 for extra audits.
- More details on launching Kusama and Polkadot stablecoins in later phases.
- A graphic was added to explain the phases.

WHO: Not specified
WHAT: Onboard Brale and Glo Dollar to Kusama AssetHub v2
PRICE/TIMEFRAME/RESOURCES: Not specified, but Brale technical integration expected to take 16 weeks instead of 12 weeks to allow for extra audits. Opportunity to launch Kusama and Polkadot branded stablecoins in phase 2a/2b.

Onboard Brale and Glo Dollar to Kusama AssetHub v2 - inc ability to create Kusama & Polkadot branded stablecoins

Onboard Brale and Glo Dollar to Kusama AssetHub

- This referendum tests using a scheduler for managing bounties on the Treasurer track.
- Bounties need approval, funding, curator assignment, and closing, with specific delays between steps.
- Funds will be disbursed to a specific account used for validator payouts and cleanup scripts.
- The referendum uses a batch of three actions: approving a bounty, scheduling curator assignment, and scheduling bounty closure.
- The curator assignment is delayed by 86,400 blocks to match the funding period.
- The bounty closure is scheduled 14 days after approval, allowing time for claims.
- Adjustments to timing can reduce delays, but careful planning is needed.

WHO: Will, Paradox

WHAT: Test use of the scheduler on the Treasurer track by scheduling actions through the lifecycle of a bounty

PRICE/TIMEFRAME/RESOURCES: Not specified.

Proof of Concept - Using the Scheduler on the Treasurer Track

- **Issue**: Deposits from Treasury spend proposals are locked due to the decommissioning of Governance 1.0 on Kusama.
- **Referendum 301**: Enacted the decommissioning, causing the deposit issue.
- **Referendum 301 Solution**: Proposes to slash and refund deposits to proposers.
- **Similar Action**: Similar to Referendum 73 on Polkadot.
- **Invalid Proposals**: Proposals 291, 292, 293, 294, and 296 are identified as spam and excluded from the refund.
- **Excluded Bonds**: Bonds from rejected proposals are also not included in the refund.
- **Objective**: To resolve the deposit lock issue and refund valid proposers.

WHO: Kusama community 
WHAT: Slash Kusama Gov 1.0 treasury deposits and refund corresponding amounts to proposers in a batch call 
PRICE/TIMEFRAME/RESOURCES: Not specified

Rejecting Kusama Gov1.0 Treasury Proposals and Facilitating Bond Reimbursement whenever appropriate

- Bounty 14 on Kusama is being closed.
- It is replaced by Bounty 24 on Polkadot.
- The bounty funded the Moderation Team, but they now get funding from Polkadot.
- Closing the bounty will return leftover funds to the treasury.
- The curator was already removed because their expiration date passed.
- This allows anyone to remove the curator without permission.

WHO: Will | Paradox | Ecosystem Janitor

WHAT: Proposing the closure of bounty 14 on Kusama as it is replaced by bounty 24 on Polkadot. 

PRICE/TIMEFRAME/RESOURCES: Not specified.

Closing Bounty 14 - Moderation Team Bounty

Cleanup on aisle 24 - Tech Ed test bounty

Untitled

WHO: Will | Paradox | RCJ
WHAT: Close bounty 23 and bounty 22
PRICE/TIMEFRAME/RESOURCES: Not specified.

To close erroneous and spam bounties

- **What is Bifrost?**  
  Bifrost is a blockchain project that helps people use their staked KSM (Kusama) tokens in other ways, like trading or lending, without losing their staking rewards.

- **What is vKSM?**  
  vKSM is a special token created by Bifrost that represents staked KSM. It allows people to use their staked KSM in different apps while still earning rewards.

- **What is the Proposal?**  
  Bifrost is asking the Kusama Treasury for 50,000 KSM to help grow the vKSM market. They will pay it back with interest after one year.

- **Why is this Important?**  
  This helps more people use KSM in different ways, like trading or lending, which makes the Kusama ecosystem stronger and more useful.

- **How Will the Money Be Used?**  
  The 50,000 KSM will be used to create trading pairs (like KSM and vKSM) on different apps, making it easier for people to trade and use their staked KSM.

- **What Happens Next?**  
  Bifrost will follow a plan to borrow the KSM, use it to grow the vKSM market, and then pay it back with interest by July 2024.

- **What Has Bifrost Done Before?**  
  Last year, Bifrost borrowed KSM and successfully grew the vKSM market. They paid it back with interest, and now they want to do it again to keep growing.

- **Why Trust Bifrost?**  
  Bifrost has a good track record, and they have already paid back their last loan with interest. They are working to make the Kusama ecosystem better for everyone.

Bifrost requests 50,000 KSM from Kusama Treasury to provide liquidity for vKSM and KSM pair. The loan will be repaid with interest on July 20, 2023. Bifrost aims to facilitate capital flow of KSM staking and enhance the consensus security of Kusama network. The funds will be managed transparently through Kusama and Bifrost governance. Bifrost has achieved significant growth in the past year and has ongoing developments and collaborations.

[11] Origin: Treasurer