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Origin for signaling that the network wishes for some change

wish_for_change

- Brale integration and dUSD stablecoin are now live on Kusama Asset Hub.
- Two proposals were approved: one to recoup integration costs and another to add liquidity to the KSM:dUSD pair.
- Brale and KSM Collective plan to add $300k each to the pair, but the Asset Conversion Pallet only allows one account to add liquidity.
- Three options are being considered: amending the pallet, waiting for smart contracts, or having Brale add liquidity on behalf of KSM Collective.
- Option 3 is likely to be chosen for speed, but it involves off-chain bureaucracy.
- The goal is to get the pair working first and address issues later.

Preparing

WFC: Update Kusama's asset conversion pallet to enable addition of single sided liquidity

### Summary of Coretime Pricing Issue

- **Current Problem**: The coretime price adapter on Kusama is driving prices down to nearly 0 KSM/month due to low demand, which is unrealistic compared to the actual cost of validating work.
- **Side Effect**: Low prices encourage hoarding of cores, making it inconvenient for new builders who need them.
- **Proposed Solution**: Implement a better pricing system that considers market demand and blockspace usage.
- **Temporary Fix**: Set a minimum price for coretime to prevent it from dropping too low.
- **Suggested Minimum Price**: 10 KSM, which is reasonable for builders and deters excessive hoarding.
- **Implementation**: Changes to the Polkadot SDK and Kusama runtime will be handled by the author or a trusted developer.

Rejected

Minimum coretime price

### Kreivo Proposal Summary

- **Goal**: Decide if Kreivo, the DAO Hub, should become a system parachain on Kusama.
- **Kreivo**: A parachain that helps create and manage DAOs, uses KSM as its native token, and offers a user-friendly experience.
- **System Parachain**: Kreivo could integrate more deeply with Kusama's governance, making DAOs more efficient and benefiting the entire Kusama ecosystem.
- **DAO Alliance**: Kreivo currently has a governance system controlled by a collective of DAOs. If it becomes a system parachain, upgrades would go through Kusama's OpenGov.
- **Benefits**: Kreivo already supports DAO creation with just 1 KSM, uses KSM for transactions, and works well with Kusama's governance.
- **Future**: If approved, Kreivo would change its root origin to Kusama, but still keep some control with the DAO Alliance.
- **Feedback**: The team is looking forward to community feedback and votes on this proposal.

WHO: Virto team and Kusama community.

WHAT: Proposal to determine whether Kreivo, the DAO Hub, should become a system parachain.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Make the DAO Hub Kreivo a system chain

- **Request**: Asking Parity/W3F to fulfill a promise to transfer 10 million DOT to the Kusama treasury.
- **2019**: Mentioned in a video at 9:00 minutes.
- **2021**: Mentioned in a video at 3:13 minutes.
- **2023**: Mentioned in a video at 92:02 minutes.
- **2024**: Mentioned in a live video at 51:11 minutes.
- **Purpose**: To ensure the promised transfer of DOT tokens to the Kusama treasury is completed.
- **Relevance**: These videos document the history and commitment of the transfer.

TimedOut

Wish for Change. Asking parity/w3f to fulfill the promise to hand over 10M dot into kusama treasury. 

- **Request**: Ask Parity/W3F to fulfill the promise of transferring 10M DOT to the Kusama Treasury.
- **2019 Video**: [Link](https://youtu.be/SOPqrCjhiUg?si=EavInWVlWb7gYCTX&t=540)
- **2021 Video**: [Link](https://youtu.be/VmSoHbVGo4k?si=JtXMTQOI2donT3eM&t=193)
- **2023 Video**: [Link](https://youtu.be/RvbsSq1a_8g?si=xqIOPBrJwbZgb02S&t=5522)
- **2024 Video**: [Link](https://www.youtube.com/live/War1weBu7yU?si=0bSQ5aVDb1ZEdvgf&t=3071)
- **Update**: Vote on the correct preimage using system remark instead of remark with event.
- **Referendum Link**: [Link](https://kusama.polkassembly.io/referenda/462)

Wish for Change. Asking parity/w3f to fulfill the promise to hand over 10M dot into kusama treasury.

### Summary of Update 3.9.24

- **Objective**: Develop a new liquidity pool for asset hubs to help early-stage teams bootstrap funding efficiently.
- **Cost Estimate**: $20-40k depending on complexity.
- **Polkadot 1.0**: Focused on parachain onboarding via crowd loans and auctions, with external financing.
- **Polkadot 2.0**: Replaced crowd loans with coretime sales, removing speculative incentives.
- **Asset Conversion Pallet (ACP)**: Simplifies asset swaps but has inefficiencies for new tokens.
- **Liquidity Bootstrapping Pools (LBP)**: A more efficient method for price discovery and token distribution.
- **Proposed Change**: Introduce a bespoke LBP design to Kusama Asset Hub for smoother project launches.
- **Treasury Participation**: Use on-chain governance to support meaningful project adoption.
- **Research Lead**: Daniel from the Virto/Krievo team will lead the research and implementation.

Polkadot proposes to develop a new liquidity pool for asset hub to enable early-stage teams to bootstrap initial funding in a sustainable manner. This would create tighter economic alignment between the treasury, native stablecoin integrations, and next-gen parachain teams. The proposal suggests introducing a bespoke LBP design to Kusama Asset Hub, which would lower barriers to entry for teams wishing to launch on coretime and smooth their path to liquidity in ACP and eventual CEX listings enabled by AH. The estimated cost for this proposal is $20-40k depending on eventual complexity.

WFC: Add a Liquidity Bootstrapping Pool (LBP) pallet to asset hub to enable initial price discovery and funding for next gen parachains.

- The post discusses concerns about the high cost of registering a new project on the Kusama network.
- It mentions that the last registration event on Kusama was 71 days ago, and a deregistration event occurred 51 days ago.
- The post questions whether Parity Technologies, the company behind Kusama and Polkadot, is intentionally harming Kusama.
- It highlights the high registration fees on Kusama, which are significantly higher than on Polkadot, despite Kusama having a much smaller market cap.
- The author suggests that the registration fee should be reduced to make Kusama more attractive to developers.
- They propose a specific fee of 120 KSM for registering a WASM file on Kusama, based on market cap and node count ratios.
- The post calls on KSM holders to scrutinize Parity's actions and consider the impact on Kusama's future.
- It also mentions an upcoming feature for off-chain runtime upgrades, which could maintain high registration costs and further deter developers from using Kusama.

Executed

The proposal is calling for Parity to reduce the price of registering a new project on Kusama, which is currently 1110 KSM (over $21k), compared to Polkadot's 3300 DOT (around $14k). The author suggests a price reduction to around 120 KSM to attract more developers and projects to Kusama. The proposal also urges KSM holders to take action and prevent Parity from pushing developers towards Polkadot.

Decrease the amount of reserved KSM when register thread id with code/genesis. Warning to all KSM holders and devs!

- **OpenGov and Treasury**: Important for Kusama community.
- **Kusama Community Goals**: Encourage parachain use and KSM burning.
- **Incentives for Parachains**: Rewards based on KSM held in sovereign accounts.
- **Example**: Three chains (A, B, C) with different KSM amounts.
- **Reward Distribution**: Proportional to KSM held (10% to A, 70% to B, 20% to C).
- **Funding Sources**: From treasury, decided by OpenGov.
- **Automation**: Automatic distribution based on KSM balances.
- **Preventing Abuse**: Possible adjustments to avoid misuse.

Kusama community proposes incentivizing parachains from treasury based on the amount of KSM coins on sovereign accounts. The distribution of KSM incentives to parachain/rollups will be automatic and proportional to the total KSM during the spending period. The proposal aims to drive development activity and real product on Kusama. The cost and timeframe for the proposal are not specified.

Wish for Change. Make Kusama Great Again.

### Summary

- Kusama and Polkadot protocols have a treasury and a burn mechanism to encourage spending.
- If the treasury doesn't spend all its funds in a period, it burns 2% of its balance, currently about 250k KSM.
- 10% of the 2% burn goes to the Kappa Sigma Mu society.
- The burn mechanism is hardwired and can't be adjusted by OpenGov without a runtime upgrade.
- This proposal suggests allowing OpenGov to control the burn parameters.
- Making the burn destination configurable could be part of the new inflation pallet.
- This would give tokenholders more control over the protocol.

Kusama proposes to allow OpenGov to change the parameters of the burn mechanism, which currently burns 2% of treasury funds if not spent. This will enable tokenholders to control the protocol and avoid unnecessary burns. The proposal suggests that it should be quite trivial to make the BurnDestination configurable on runtime/governance as part of the new inflation pallet.

WFC: Allow OpenGov to change the parameters of the burn redirect if not currently possible with upcoming inflation pallet

### Summary of Kusama Treasury Financing Proposal

- **Objective**: Secure $30 million in stablecoin financing over 3-5 years for Kusama ecosystem development.
- **Current Method**: Automated, low-risk dollar-cost averaging (DCA) for acquiring stablecoins, but it is slow and inflexible.
- **Proposed Alternative**: A $30 million financing deal with ABO Digital, allowing flexible draw-downs and strategic planning.
- **Benefits**: More active control over funding, potential for lower cost of capital, and better strategic planning.
- **Risks**: Higher risk due to market volatility, but aligns with Kusama's experimental nature.
- **Structure**: Convertible note with ABO Digital, giving Kusama the right but not the obligation to draw down funds.
- **Integration**: Future integration with Brale for native minting of stablecoins on Kusama.
- **Decision**: Requires approval by the Kusama community and establishment of a legal entity in the British Virgin Islands.

Kusama is negotiating a $30m financing deal with ABO Digital to acquire stablecoins for the treasury, allowing for more active strategic planning and budgeting. ABO Digital would receive a 10% discount on the spot price EM7/14/30 etc, and there is a structuring fee for the deal. The deal is a convertible note structure, meaning the Kusama treasury receives stablecoins immediately while ABO has 12 months to sell down their received KSM. The size of each call on the facility is up to the Kusama community, and there is no obligation to draw down from the funding. The stablecoins from this deal can be natively minted in Kusama AH, with the yield remaining within the ecosystem.

WFC: Negotiate a $30m structured financing deal between Kusama and ABO Digital to acquire stablecoins for the AH treasury via a series of strategic draw downs over the next 3-5 years.

### Polkadot Foundation Summary

- **Purpose**: Established to enable community service agreements and legal protections for DOT holders.
- **Location**: Operates through a proxy organization in the Cayman Islands.
- **Kusama**: Initially, the Foundation will not serve KSM holders but may consider a separate foundation for them in the future.
- **Legal Partners**: Collaborates with legal firms like Walkers and D2 Legal Tech for efficient and cost-effective processes.
- **Potential Structures**: A British Virgin Islands (BVI) entity might be more suitable for certain deals like the ABO Digital treasury financing.
- **Funding**: Proposes an initial £10,000 retainer for legal research and structuring, subject to OpenGov referendums.
- **Future Plans**: May extend similar foundations to other parachains or DAOs within the Polkadot ecosystem.

Polkadot proposes to establish a Foundation to serve only DOT holders initially, with a separate foundation to serve KSM holders later. The proposal aims to fast track the process in a cost-efficient manner with existing legal partners. The proposal includes submitting a funding proposal for legal research and structuring, with an initial £10,000 retainer with Walkers.

WFC: Establish a legal entity or entities to provide limited liability, contractual assurances and commercial interests specific to the Kusama collective

Wish for change: Place ongoing spend to Kappa Sigma Mu Society pot under direct governance oversight by exposing the burn and related parameters to OpenGov.

[2] Origin: WishForChange