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Origin for signaling that the network wishes for some change

wish_for_change

TimedOut

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

- Kusama is considering a $30 million deal with ABO Digital for stablecoin financing over 3-5 years.
- Stablecoins help reduce payment volatility and support growth in the Kusama/Polkadot ecosystem.
- Benefits include low risk, automation, and no middlemen.
- Downsides are slow acquisition, fixed terms, and lack of flexibility.
- The deal allows Kusama to draw funds as needed, with no obligation to use the full amount.
- ABO Digital gets a 10% discount on KSM tokens, aligning their profits with Kusama's success.
- The deal is higher risk but could lead to better strategic planning and lower costs over time.
- Kusama will also integrate Brale for native stablecoin minting, keeping yields within the ecosystem.

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 has a new Foundation in the Cayman Islands to help the community with legal protections, but it doesn’t include Kusama.
- Kusama might need its own similar Foundation in the future.
- The team is working with legal experts to make this happen faster and cheaper.
- A British Virgin Islands (BVI) entity might work better for Kusama’s needs.
- The team has already worked with legal partners for Polkadot’s Foundation.
- If the proposal passes, they will ask for funding to start the legal work.
- If it doesn’t pass, they will find another way to help Kusama.

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.

This is a ReferendumV2 post. It can only be edited by the proposer of the post .

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Referenda Wish For Change

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

Managing the composition of the fellowship

Able to spend up to 8.3333 KSM from the treasury at once

Able to spend up to 33.3333 KSM from the treasury at once

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

Able to spend up to 3,333.3333 KSM from the treasury at once

Able to spend up to 33,333.3333 KSM from the treasury at once

[2] Origin: WishForChange