This on-chain proposal is for Project Gweihir. All details of the project can be found here. In short, we would like to build an open-source Chainlink external adapter for Kusama chaindata and a proof-of-concept dApp. This infrastructure will allow smart contracts on Ethereum to use Kusama chaindata.
Previous discussion and context can be found here.
We are asking for ~2,811 KSM = ~$83,000 using EMA14 on Kraken. We came to this number by taking the weighted average price of all KSM-USD trades on Kraken from December 1st, 2022 at 18:00 UTC to December 15th, 2022 at 18:00 UTC (13,274 data points). That came out to a KSM price of ~$29.73 USD. This EMA14 figure can be verified using Kraken's API.
We chose enactment at block #16000000 to put this in the tax year of 2023.
Thanks for all the support and feedback!
Adam Steeber
CTO - Steeber Solutions LLC
p.s. though some UIs say that medium spender can only spend up to 500 KSM, this figure was increased to 3,333 KSM in v0934 when the QUID unit increased by 10x.
SubSquare is proposing to build an open-source Chainlink external adapter for Kusama chaindata and a proof-of-concept dApp. This will allow smart contracts on Ethereum to use Kusama chaindata. They are asking for around $83,000 worth of KSM to fund the project. They arrived at this number by taking the weighted average price of all KSM-USD trades on Kraken. They plan to enact this proposal at block #16000000 to put it in the tax year of 2023. The medium spender limit has been increased to 3,333 KSM in v0934.
I have voted "aye" on this proposal as I think it will greatly benefit our ecosystem and beyond, here's why:
Looking forward to seeing this project come to life, best of luck to Steeber solutions who have been active participants of the DotSama ecosystem since 2021.