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KSM.FUN is a parachain on the Kusama network that aims to provide a space for chaos, experiments, and fun. It offers several features, including:

1. UMP/DMP XCM transfer for parachain runtime to support KSM transfers.
2. Kusama (KSM) as the native currency forever.
3. OpenGov for KSM holders, similar to Kusama's open governance but faster.
4. A native decentralized exchange (DEX) with 0% trade fees.
5. Integration of Assets pallet to prevent rug pulls, allowing token creation only via launchpad extrinsic.
6. A simple user flow to create a new token, create a pool with KSM, deploy liquidity, and buy tokens in one extrinsic.

KSM.FUN won the last parachain slot auction in Kusama history and has since changed its name from Memecoinchain to KSM.FUN to attract more users and activity. The team behind KSM.FUN consists of three developers, two Rust blockchain substrate developers, and one Front-end Web3 developer. They have been actively developing bridges and DeFi for the Polkadot/Kusama ecosystem for the past four years.

The source code for KSM.FUN's parachain is available on GitHub, and a video演示 the functionality of creating new tokens and starting trading immediately can be found on YouTube. The creator welcomes feedback and opinions from the Kusama community.

Executed

medium_spender

Rust.dev proposes to deploy KSM.FUN as a parachain on Kusama, with a native currency, open gov for KSM holders, a native DEX, and 0% trade fees. The proposal includes the integration of Assets pallet and a simple user flow to create and trade new tokens. The project has been tested and the team includes 3 developers. The proposal is the first treasury proposal on Kusama and the timeframe and resources required are not specified.

Retroactive funding for development of KSM.FUN. Pre-launch phase on Kusama as parachain.

### 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.

TimedOut

wish_for_change

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 talks about Kusama and Polkadot, two blockchain networks.  
- It says the cost to register a new project on Kusama is much higher than on Polkadot.  
- Kusama costs **21,645$**, while Polkadot costs **14,390$**.  
- The writer thinks Kusama should cost **720$** based on market value.  
- They believe high costs are pushing developers away from Kusama.  
- The post asks Parity (the team behind Kusama) to lower prices.  
- A YouTube video link is shared, showing concerns about future costs.  
- The writer warns that Kusama may lose more developers if prices stay high.

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 help the Kusama community grow by funding projects.
- Kusama wants more parachains to use its system and burn KSM tokens.
- Parachains with more KSM in their accounts should get more rewards from the treasury.
- Example: If 3 parachains have 10K, 70K, and 20K KSM, they get 10%, 70%, and 20% of rewards.
- Rewards can come from treasury funds, monthly collections, or unspent KSM.
- A special tool can automatically check KSM balances and distribute rewards fairly.
- This system encourages real projects and prevents misuse of rewards.
- The goal is to move more KSM to parachains for better development.

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.

root

nay, wrong track. sorry.

### Proposal Summary

- **Purpose:** Increase funding for Kusama System Parachain Collators.
- **Reason:** Previous proposal failed due to last-minute vote changes and accusations of double spending.
- **Changes:** 
  - Added a video explanation.
  - Revised budget to align with the current market rate.
  - Elected a coordinator (Paradox) to oversee the process.
- **Coverage:** Funds five Kusama System Parachains: AssetHub, BridgeHub, Coretime, People, and Encointer.
- **Duration:** 6 months starting July 1, 2024.
- **Amount:** 7,926.62 KSM.
- **Details:** Includes infrastructure costs and staking rewards. Some budget items are provisional and can be reallocated if not used.

big_spender

WHO: Kusama System Parachain Collators
WHAT: Proposal for a bounty top-up to cover infrastructure costs and staking rewards for five Kusama System Parachains (AssetHub, BridgeHub, Coretime, People and Encointer) for a 6-month runway, aiming to incentivize the best performance, minimize censorship, and maintain liveliness by securing treasury funding for the operational costs.
PRICE/TIMEFRAME/RESOURCES: Funding amount of 7,926.62 KSM starting from July 1, 2024.

Bounty top-up of the System Parachain Collators funding on Kusama

- Encointer is asking for funding for its work from January to June 2024.  
- They fixed two concerns from a previous rejected proposal:  
  - No duplicate spending happened (explained in a video).  
  - Team members will take a 50% salary cut to lower costs.  
- The new request is for **CHF 49,350 (≈ 3,036 KSM)**.  
- Encointer helps communities create their own local money.  
- In 2024, they grew a community in Tanzania and improved their system.  
- They shared lessons from running a local money project in Zurich.

Encointer requests retroactive funding of CHF 49,350 for its expenses in Jan-Jun 2024. The proposal addresses concerns of duplicated spending and high treasury expenditure by producing a video and waiving 50% of team members' salaries. Encointer aims to build a common-good chain on Kusama for a more democratic and inclusive web3. Main achievements include community development, adoption of Encointer faucet, prototype for democratic community governance, and decentralization of infrastructure.

2nd Encointer Retroactive Proposal Jan-Jun 2024 (Waiving Salaries)

whitelisted_caller

Update Kusama v1.3.0

### Ideal Labs' Onchain Randomness Solutions

- **Objective**: Develop onchain randomness solutions for Substrate-based chains.
- **Projects**: Participated in Web3 Foundation's grant program and the decentralized futures program.
- **Drand Bridge**: Created a Drand bridge pallet for Substrate, enabling verifiable randomness.
- **Arkworks Extensions**: Built a node supporting efficient verification of Drand's pulses.
- **Smart Contracts**: Developed chain extensions and smart contract environments for ink! contracts.
- **Demo Application**: Created a rock-paper-scissors game using the randomness solution.
- **Benefits**: Enhances security, enables timelock encryption, and supports ecosystem growth.
- **Future Plans**: Seek retroactive funding to maintain and expand the pallet, aiming for broader network adoption.

Ideal Labs proposes retroactive funding to develop and maintain a drand to Substrate bridge, bringing verifiable randomness to Kusama. The proposal includes a drand bridge pallet, a node template supporting arkworks host functions, a chain extension, and a contract environment for using randomness in ink! smart contracts, along with a demo dapp. The goal is to provide an easy-to-use module for other networks to acquire secure verifiable randomness and timelock encryption capabilities. Resources and timeline are not specified.

Drand Bridge Pallet | Retroactive Funding

**Alina: Substrate Developer and Content Creator**

- Alina is a Rust/Substrate developer and a graduate of the Polkadot Blockchain Academy.
- She creates beginner-friendly YouTube videos to help developers understand the Substrate environment.
- Her goal is to attract more developers to the Kusama ecosystem.
- She has made three videos:
  1. Explains Polkadot SDK, Substrate, FRAME, and Pallets.
  2. Defines core terms in the Polkadot and Kusama ecosystems.
  3. Discusses the Balances and Assets Pallets in Substrate.
- Alina is requesting a tip of 110 KSM for her work.

small_spender

WHO: Alina, Rust/Substrate developer and Polkadot Blockchain Academy alumni.

WHAT: Creating beginner-friendly technical content on YouTube to attract more developers to the Kusama ecosystem.

PRICE/TIMEFRAME/RESOURCES: Requesting a tip of 110 KSM for the work already done. No specific timeframe or additional resources mentioned.

Retroactive tips for Rust content to onboard developers into PolkadotSDK

small_tipper

SmallTipper

beneficiary

Rejected

Polkadot Apps/Dapps Discovery Platform is a project aimed at creating a central hub for discovering apps, blockchains, wallets, and explorers built on the Polkadot ecosystem. The platform will have a user-friendly interface, search and filter options, project profiles, real-time data, and campaign management tools. The goal is to centralize information, simplify understanding, increase accessibility, enhance visibility, and foster engagement within the Polkadot ecosystem. The project is led by Abdul Kabugu, a Polkadot contributor and winner of multiple hackathons. The timeline includes design and prototyping in the first phase and public launch in the second phase.

WHO: Abdul Kabugu, a Polkadot contributor and developer.

WHAT: Create a unified platform for developers and users to discover and engage with apps, blockchains, wallets, and explorers built on the Polkadot ecosystem.

PRICE: $10,000 ($4,700 for Phase 1 and $5,300 for Phase 2).

TIMEFRAME: Phase 1 (Design and Prototyping) - 1.2 months, Phase 2 (Public Launch) - 1 month.

RESOURCES: UI/UX design, prototype development, feedback collection, public release, user feedback, bug fixes, ongoing support, and continuous improvement.

Polkadot Apps/Tools Discovery Platform

This proposal is about changing the burn mechanism in the Kusama and Polkadot protocols. The current system burns 2% of the treasury's funds if they are not spent within a certain time. The proposal suggests allowing OpenGov to change the parameters of the burn mechanism, making it more flexible and easier to control. This would help avoid running up a large balance and encourage spending. The proposal also mentions redirecting 10% of the burn to the Kappa Sigma Mu society account.

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

- **Project Name**: QueryWeb3  
- **Goal**: Create a platform to gather and organize information in the Polkadot and Kusama ecosystems.  
- **Problem Solved**: Makes it easier to find important data like staking yields, airdrops, and top projects.  
- **Features**:  
  - Find high-yield financial products.  
  - Track wallet activities and big transactions.  
  - Check NFT rewards and airdrops.  
  - Use AI to provide smart information.  
- **Benefits**: Better user experience and faster access to important data.  
- **Equity**: 5% to Kusama treasury, 10% to Polkadot treasury.  
- **Future Plans**: Add more services like investment tools and app chains.

WHO: H1qzURXmYGLfwMsviLpMeN8S9zjAPmc1LBCSeQkCAieKUFs

WHAT: Develop a BI and AI-powered information service platform for the Polkadot and Kusama ecosystem to address information fragmentation, improve information retrieval and transaction efficiency, enhance user experience, and increase user satisfaction.

PRICE/TIMEFRAME/RESOURCES: 3270 KSM ($56833) from 2024/08/20 to 2024/11/20. Kusama treasury to receive 5% equity, while Polkadot treasury to receive 10% equity.

QueryWeb3

Subscan is a block explorer and analytics tool for the Kusama network. It helps the community by providing insights and information. To keep Subscan running, it needs money for things like computers, security, and people to work on it. The people who make Subscan want to get money from the Kusama treasury to help pay for these things.

They are asking for $56,144.12 from the Kusama Treasury. This includes money for the time from April to June and some money for later in the year. The amount of KSM (Kusama's money) they will get will be decided by the price of KSM at the time they ask for the money.

You can read more about their proposal here: [link to proposal]

The people who make Subscan say thank you to the community for their help and feedback. They have tried to make their costs lower, but they need to keep Subscan good and updated. If they don't get the money they need, they might have to stop Subscan from working on the Kusama network. They hope to keep helping Kusama and want the community's support.

Subscan requests a reimbursement of $56,144.12 USD from the Kusama Treasury to cover the operation and maintenance fees for Subscan from April to June 2024, including server infrastructure, security, and personnel costs. The reimbursement will ensure the continuous operation and maintenance of Subscan, contributing to the growth and development of the Kusama network. The final KSM amount will be calculated based on EMA7 at the time of official submission.

Subscan | Infrastructure Costs of Subscan for Kusama & Statemine Networks (from April to June 2024)

- Current platforms like forums and social media don’t help OpenGov debates well.  
- Problems include messy discussions, hard-to-follow arguments, and misinformation.  
- A new forum is proposed with better tools for debates.  
- Features include organized arguments, easy navigation, and voting.  
- It helps track discussions, find compromises, and review proposals.  
- Real-time updates and timelines make debates clearer.  
- The goal is better, fairer, and more open discussions for OpenGov.

WHO: Unspecified group proposing a new discussion forum. 

WHAT: Proposing a new discussion forum with structured debates, enhanced navigation, in-depth analysis, Q&A and compromise, proposal review, analytics dashboard, timeline slider, and chat functionality. 

PRICE/TIMEFRAME/RESOURCES: Not specified.

OpenGov Argumentree: improve decision quality

### Mimir 2.0 - Multisig and Proxy Optimization

- **Project Overview**: Mimir 2.0 aims to enhance multisig and proxy account features in the Polkadot ecosystem, making them more user-friendly and versatile.
  
- **Key Features**:
  - **1/N Multisig**: Allows users to create multisig accounts with a single signer, improving accessibility.
  - **Proxy Accounts**: Introduces a new account structure called Proxy accounts, which can delegate permissions for enhanced security and convenience.
  - **Batch Transactions**: Enables users to bundle multiple transactions together, simplifying complex operations.
  - **Cross-Chain Monitoring**: Provides safety checks to prevent asset loss during cross-chain transactions.

- **User Benefits**:
  - **Simplified Account Management**: Makes it easier for both individual and institutional users to manage their assets securely.
  - **Enhanced Security**: Offers advanced security features like delayed proxy and watch-only modes.
  - **Better User Experience**: Improves the overall user experience with features like transaction caching and optimistic proposals.

- **Integration**:
  - **Network Compatibility**: Mimir supports integration with dozens of networks within the Polkadot ecosystem.
  - **Application Integration**: Has been integrated with several applications, including Subsquare, Bifrost App, and Crust Files.

- **Social Impact**:
  - **Community Engagement**: Mimir has grown its Twitter following to over 2,000 and organized 8 events with around 200 participants.

- **Milestones**:
  - **Multisig Optimization**: Focuses on adapting 1/N multisig, transaction caching, and cross-chain transfer monitoring.
  - **Proxy Account Adaptation**: Includes normal and pure proxy accounts, with features like proxy relationship binding and permissions check.
  - **Watch-Only Accounts**: Allows users to monitor multisig accounts for enhanced transparency.

- **Budget**: The project is seeking a payment of 7,253 KSM ($166,120) for the development and implementation of these features.

Mimir 2.0 - multisig optimize and proxy pallet support

UniversalDot Foundation is creating a decentralized freelancing app using Substrate. They have already built a Minimum Viable Product (MVP) with help from a grant by the WEB3 Foundation. The MVP is already deployed and can be explored through their documentation and demonstration videos. They are asking for more funds to continue developing and launching the app. The community's feedback is important for funding this project. The full proposal and additional project details can be found in the provided links.

UniversalDot Foundation requests additional Treasury funds to continue developing and launching their decentralized freelancing application built on Substrate. The MVP has already been built, and they are seeking community feedback and funding. No specific price/timeframe/resources are mentioned.

Freelancing Platform Development

[Big Spender] Wrong proposal, please vote nay

- A college blockchain project wants to teach students about Polkadot (Dotsama) in China.  
- They plan to work with 6 universities to create courses in Chinese.  
- The goal is to train 900 students and help 3,000 learn about blockchain.  
- They will share lessons online and pick the best student projects.  
- The team has experience with blockchain education in China.  
- They ask for 1,911 KSM (a type of cryptocurrency) to fund 3 months of work.  
- Previous proposals didn’t pass, but they improved their plan.  
- They will post updates every month to show progress.

WHO: GoJFTV1woTYY24MJhB3bBrWLrmH1RfHBxawo4Lt24fMbrnU

WHAT: Establish IUR-DAO and cooperate with six Chinese universities to offer PBA-based Chinese introduction courses, train instructors, carry out graduate project design and entrepreneurial practice, and guide outstanding graduates to participate in Polkadot Hackathon.

PRICE/TIMEFRAME/RESOURCES: Requesting 1911 KSM total allocation for August 2024 - October 2024 (3 months) depending on EMA(30) AVG rate (KSM = 22.29 USDT).

College Blockchain IUR(Industry-University-Research) Cooperation

### Summary of Bounty 11 Progress

- **Curator Request:** The previous curator of Bounty 11 failed to extend the expiry and is now unassigned. They propose to be reassigned to finish their work.
  
- **Achievements:**
  - Refactored vesting scan.
  - Extracted assets pallet scan and fixed bugs.
  - Added a package to scan recovery pallet business.
  - Supported proxy pallet scan.
  - Created a GraphQL server to serve business data.
  - Developed new front-end pages for vesting and recovery.
  - Refactored front-end pages for assets.

- **Failures:**
  - Failed to attract more developers through child bounties due to time-consuming collaborations.

- **Plan:**
  - Next step is to implement proxy-related UIs.

OpenSquare proposes to be reassigned as the curator of bounty 11 to continue their work. They have achieved several milestones, including refactoring vesting scan and creating a GraphQL server. They failed to bring more developers through child bounties. Their plan is to implement UIs related to proxies after finishing the proxy scan.

Reassign the curator of bounty 11

- **It Remains** is a big project with books, TV shows, games, and digital collectibles set in a future world.
- It is made by famous artists who worked on movies like *WALL-E* and *Finding Nemo*.
- The project has over 50,000 fans worldwide and uses blockchain technology.
- It will include the Kusama (KSM) token and its Canary symbol in its story and games.
- People can get discounts on It Remains products if they use KSM to buy them.
- Users can earn KSM by playing games and interacting with the project.
- The Kusama logo will be shown at big events like art shows and comic conventions.

It Remains proposes to integrate Kusama and its Canary symbol into its media franchise, including books, TV series, WEB3 games, NFTs, augmented reality, and digital collectibles. The integration will include in-story gamification, KSM exclusive discounts, KSM rewards, and Kusama logo sponsorship at future events. The initiative aims to promote KSM among a vibrant community of nerds, gamers, and blockchain natives. For a detailed proposal, check the provided document.

OpenGov Referenda

Referenda Tracks