candidates

members

proficients

fellows

senior_fellows

experts

senior_experts

masters

senior_masters

grand_masters

&nbsp;
&nbsp;
There was a security risk and the proposal was processed externally.
No further occurrences with this.
Thank you..

UPDATE "Refunding MIDL.DEV's GOV1 Treasury Spend Deposit"

small_spender

wenbeefy

This project is about making graffiti art with the Kusama logo in big cities, starting with Barcelona. Here's what they will do:

1. Design a template of the Kusama logo.
2. Paint the template with black spray paint in cities.
3. Take a photo of each graffiti piece.
4. Turn the photos into special digital items called NFTs.
5. Put the NFTs on the Kusama blockchain.

In the future, people can use the template to make their own graffiti in different cities. They will be paid by the treasury and upload their work to the blockchain. Each graffiti spot will be marked on a map, so people can visit them like special places during their travels. They should also show respect by kneeling in front of the Kusama logo.

The project is inspired by ideas about power and how people can use art to challenge the way things are. The graffiti will be a symbol of rebellion and change in public spaces.

Here's what they need to do:

- Make a quick template of the Kusama logo.
- Create graffiti, take a photo, and put it on StateMine.
- Mark the graffiti spot on a map for others to visit and kneel.

They have some rules for the first 10 cities:

- Each city must have more than 2,000,000 people or be the most populated city in the country.
- They can't repeat cities.
- They need to take a photo of the NFT, upload it, and mark it on the map.

&nbsp;


The project involves creating graffiti artworks featuring the Kusama logo in various cities, commencing with Barcelona. The process encompasses designing a template, and paint it with black spray in urban locations. Each graffiti piece will then be photographed and transformed into a non-fungible token (NFT), minted on the Kusama blockchain.
In the future, we anticipate individuals utilizing our template to make their own graffiti in different cities, financed by the treasury and upload it to the blockchain. Each graffiti point needs to be geolocated, enabling visits to these locations as if they were sanctuaries during travels. A symbolic gesture of reverence&mdash;bending the knee in front of the Kusama logo&mdash;is encouraged. Cities must have a population exceeding 2,000,000, and once a city is adorned, it cannot be repeated.
Inspired by Foucault's analysis of panopticism as a power mechanism, we propose subverting this paradigm. Placing the Kusama logo strategically in urban settings transforms it into a symbol of rebellion&mdash;an inversion of the panoptic gaze. Each graffiti piece disrupts passive surveillance, converting public spaces into active sites of resistance. Drawing further inspiration from Paul B. Preciado, our graffiti project becomes a performative act challenging conventional discourse surrounding public space.
To sum up: A swift template of the KSM logo, creating graffiti, capturing it in a photo, uploading the NFT on StateMine, and geolocating it for others to visit and bend the knee. 
Allocation:
&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idea: 69 KSM
Risk+Expenses: 42 KSM (spray, template, time etc..)
&nbsp;
We propose these rules for participants in this Project for the first 10 cities:
&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 KSM (max allocation)
&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City must be &gt;2,000,000 population or the most populated city in the country. (for example: Vatican City)
&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Can&rsquo;t repeat cities
&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Photo of the NFT. Upload it and geolocate it.

&nbsp;
<img src="https://i.ibb.co/g6JmpF7/OIG-E8-Wc2pi-CDWKip.jpg" alt="" width="270" height="270" />
&nbsp;

Descentralized art project

This message is about a proposal to give money to help Public RPC Providers for 7 months. RPC Providers help with a computer system called Kusama. The proposal will cost $107,237.98 in total. The money will be given to the best service providers who follow the rules. If the service is not good, the providers can lose money or not get any. This plan has helped to reduce other funding requests and make providers charge a fair price. More information can be found in a link provided.

Awarded

big_spender

Dear community,
I present this proposal on the authorization of the curators of bounty 25.
This proposal seeks to continue funding of Public RPC Providers for the period of six months plus an additional month's contingency. Funding is issued to bounty 25 which awards vendors for RPC services on the Kusama relay-chain as well as its system parachains. The total cost for such provision is USD$107,237.98, which represents $12,397.21 per month without contingency and administrative fees.
Bounty 25 adopts an tender based procurement model in which service providers bid on requirements as set-out by the curators. The tender requirements are aligned to ecosystem needs and can scale up/down depending on usage. Tenders are scored and the highest scoring providers receive funding. Attention is also being placed on quality of service and should service providers fail to meet said quality-standards they will be penalized or lose funding altogether.
This approach has seen a reduction with independent funding proposals for such services and steering of providers to a "market rate".
Further details can be found <a href="https://docs.google.com/document/d/1WV7n5HVKtO5s0ub6g4uEQAN4Y7SRNcu56QYFXPgN15I/edit?tab=t.0">here</a>
Kind Regards, Will | Paradox | ParaNodes.io

Funding for Public RPC Providers via Bounty 25

KSM trading has started on Hydration after referendum #490 approved 33,333 KSM in Treasury LP, allowing liquidity between Kusama and Polkadot chains. When transferring assets between the two chains, if a user doesn't have enough KSM/DOT, a portion of the asset is swapped for the native token to pay fees. However, the current liquidity is not enough, causing users to lose more assets to fees than expected. A new proposal aims to provide 333 KSM to a 2/2 multisig with signers Leemo & lolmcshizz. This will be split between Kusama AssetHub and Polkadot AssetHub to provide a base level of liquidity on each network, ensuring users only pay expected fees when making transfers. Any extra tokens will be returned to their respective treasuries.

KSM trading recently went live on Hydration after referendum #490 (<a href="https://kusama.subsquare.io/referenda/490)">https://kusama.subsquare.io/referenda/490)</a> approved 33,333 KSM in Treasury LP. This has finally opened up liquidity flows between the two chains.
When transfers are made between the two using the Kusama &lt;&gt; Polkadot bridge, if a user does not have sufficient KSM/ DOT (depending on the chain) on the receiving network then a portion of the asset they&rsquo;re sending (e.g. KSM from KAH to PAH) is swapped for the native token to pay for fees. This is excellent UX and prevents user frustration with having to collect fees before bridging assets - however, unfortunately the current liquidity leaves much to be desired and as a result users can get rekt by slippage and lose much larger amounts of their assets to fees than expected.
This proposal, if approved, will supply 333 KSM to a 2/2 multisig with signers Leemo &amp; lolmcshizz - which combined with referendum (<a href="https://polkadot.subsquare.io/referenda/1479">https://polkadot.subsquare.io/referenda/1479</a>) on Polkadot, will be split between Kusama AssetHub and Polkadot AssetHub 50/50 to provide a base level of liquidity on each network. This will ensure that there is sufficient liquidity for these small swaps and users will only pay the fees they are expecting to when making transfers.
Any excess tokens will be returned to their respective treasuries.

Polkadot/Kusama Asset Hub Liquidity for Bridge Fee Swaps

Bloque is a company that helps other businesses add prepaid debit card services to their platforms. They use a special type of computer system called Kusama's blockchain to keep track of the money safely. Bloque wants to help people in Latin America who don't have bank accounts, which is about 25% of the people there. They make it easy for businesses to give their customers debit cards that can be used with special money called stablecoins. These cards can be used on phones or as plastic cards, and people can even take out cash from them anywhere in the world.

Bloque works with other companies like Pomelo and Visa to make debit cards, and they have a partnership with a big bank in Colombia called Bancolombia. They also work with a company called Truora to make sure people are who they say they are when they sign up for a card.

Bloque's first customer is a company called Coco Wallet, which is helping people in Colombia who don't have bank accounts. They plan to get more than 3,000 new customers in the next few months by using Bloque's services on Kusama's system. This will help more people use a special type of money called KSM, and it will also make the Kusama system more active because every time someone uses their card, it creates a small transaction on the system.

Bloque has a lot of questions and answers on their website if you want to learn more about how they work and why they are doing this. They are a team with experience in making things work on the internet and they want to use Kusama to help people use this special type of money in their everyday lives.

<h2>Summary</h2>
Bloque offers an open API infrastructure that allows developers to easily integrate prepaid debit card functionality into their platforms, with balances securely stored on Kusama&rsquo;s blockchain. Targeting financial exclusion in Latin America&mdash;where 25% of the population is unbanked&mdash;Bloque eliminates the costly barriers, regulatory challenges, and technical difficulties typically associated with issuing debit cards. Unlike standalone wallets, Bloque serves as infrastructure for businesses, enabling them to provide branded, non-custodial debit cards that users can load with stablecoins, use via mobile wallets or physical cards, and even withdraw cash worldwide. This approach not only promotes financial inclusion but also increases Kusama&rsquo;s blockchain activity, as each transaction generates on-chain fees in KSM. 
<h3>We're different</h3>
<img src="https://i.ibb.co/1w1JCRb/Bloque-Pitch-deck-6.png" alt />
<h2>TL; DR;</h2>
<a href="https://www.youtube.com/live/kBX1RXwROy8?si=G1T9ymPBgJIUZ7Tf&amp;t=454"><img src="https://i.ibb.co/nMLC54XG/Screenshot-2025-02-17-at-15-15-39.png" alt /></a> 
<h2>Resources</h2>
<ul>
<li>Full proposal <a href="https://docs.google.com/document/d/1J98P2-shkrODJEnFinJkDoVEN-JviygWfIocRo7l7ag/edit?tab=t.0">document.</a></li>
<li><a href="https://docs.google.com/document/d/1J98P2-shkrODJEnFinJkDoVEN-JviygWfIocRo7l7ag/edit?tab=t.0">Website.</a></li>
<li>First customer <a href="https://www.ycombinator.com/companies/coco-wallet">Coco Wallet YCS19</a> and <a href="https://drive.google.com/file/d/1yOyvpNZvc043MvF61o6oppkY9rJ0gsqB/view?usp=sharing">letter of intent for 450K and 3,500 Users.</a></li>
<li>Contract with Visa &amp; Pomelo to issue debit cards, bank statements, please request via DM in @david:bloque.team in Element.</li>
<li>Preview <a href="https://api.bloque.app/docs/accounts">API Documentation.</a></li>
</ul>
<h3>How it works</h3>
<img src="https://i.ibb.co/CKsh6Y4F/diagram-export-2-17-2025-2-58-28-PM.png" alt />
<h3>Partners</h3>
<ul>
<li>Pomelo + Visa (Debit card issuer): Pomelo is a pioneering fintech transforming card issuance in Latin America. Its cloud-native, API-driven platform lets banks and fintechs launch secure, scalable cards rapidly. Partnering with Mastercard and Coastal Community Bank, Pomelo modernizes payments and drives financial inclusion.</li>
<li>Truora (KYC/KYB): Truora is a Latin American startup simplifying user verification and fraud prevention. Its API-driven platform offers background checks, digital identity, and KYC tools to help businesses onboard customers securely, reduce fraud, and boost conversion</li>
<li>Bancolombia (Our Bank): Bancolombia is Colombia&rsquo;s largest bank, boasting 146+ years of trusted service. With 30M+ customers, extensive branch and ATM networks, and innovative digital solutions, it drives financial inclusion, supports sustainable growth, and champions economic progress across Latin America.</li>
</ul>
<h3>Meet our first customer</h3>
<a href="https://www.youtube.com/watch?v=JzP1vXJq7zQ&amp;t=2714s&amp;ab_channel=TheKus"><img src="https://i.ibb.co/sd0gp7sF/Screenshot-2025-02-25-at-17-02-55.png" alt /></a>
we introduced CocoWallet, building on the success of <a href="https://www.cocomercado.com/landing/">CocoMercado</a>, a remittance-based food service that&rsquo;s supported Venezuela&rsquo;s elderly through 7,000,000 expats. Now, CocoWallet is tackling financial exclusion in Colombia by launching debit cards with Bloque for the unbanked&mdash;and we&rsquo;re bringing this to Kusama.
Our goal is to onboard 3,000+ unbanked Colombians in the next few months. Here&rsquo;s how we&rsquo;ll do it on Kusama:
<ul>
<li>Decentralized Design: Funds will be held in non-custodial wallets on Kusama&rsquo;s Asset-Hub, with all debit card transactions pay fees in KSM. No banks, no centralized control&mdash;just user-owned value.</li>
<li>Kusama Benefits: These 3,000 new users will become KSM holders, boosting adoption. Each card swipe will generate on-chain micro-transactions, increasing network activity and rewarding validators.</li>
<li>Scalability: After this pilot, we&rsquo;ll scale to 10,000 users across Latin America by 2025, funded by transaction fees but no endless treasury asks. Banks are obsolete. We want to drive a transformation that enables every organization to provide financial services&mdash;starting with a debit card. We aim to free finances for people, and to do this, we need your support. </li>
</ul>
<h1>FAQ</h1>
<ul>
<li>
Why funding us? We are an experienced team with a proven record of building Web3 products. Now, we want to use Kusama in everyday cases worldwide.
</li>
<li>
Which regions are supported? Mainly LatAm starting in Colombia &amp; Mexico with worldwide availability via Passport.
</li>
<li>
How will this API handle key material since the wallets are non-custodial? We use a combination of proxy accounts with defined spending limits. In addition, the &ldquo;debit callback&rdquo; endpoint with 3D Secure prompts users to authorize (i.e., sign) transactions&mdash;effectively meaning the user &ldquo;sells&rdquo; crypto to us so that we can complete the payment on their behalf. Our security model is based on Shamir&rsquo;s Secret Sharing: at setup, the holder sends us one part of the secret while keeping the other part secure across multiple devices. When a transaction is authorized, the two parts are combined to complete the transaction.
</li>
<li>
How are redemptions processed? Today&rsquo;s redemption channels include Brale Rails (conversion across 10+ chains to USDT/USDC), a DEX liquidity pool for KSM/dUSD, and direct debit card transactions.
</li>
<li>
Do day-to-day COP inflation swings pose a risk? Yes, they can. To mitigate this risk, we maintain only small COP buffers in the bank while holding most of our treasury in USD.
</li>
<li>
How will the system mitigate potential volatility given that settlement can take several days? Limiting USD buffer sales to twice daily (e.g., morning and afternoon) may expose us to unexpected volatility. Ideally, we offload USD as frequently as market conditions allow. When that isn&rsquo;t feasible, we rely on compensation accounts, short-term COP buffer loans, SWIFT transfers, and OTC channels to quickly convert USD into COP liquidity.
</li>
<li>
How would a chargeback or clawback be handled? For same-day chargebacks&mdash;such as paying $5 with KSM for an Uber ride and then canceling&mdash;the system applies an adjustment credit by deducting $5 from the USD buffer, converting it to KSM, and crediting your account. For delayed clawbacks&mdash;like purchasing a $20 card with KSM on Temu but receiving a faulty product&mdash;we detect the issue via Visa&rsquo;s invoices and balance sheets. In the next payment cycle, we net the amounts between our accounts; for instance, if we owe Visa $100 but receive $20, we pay only $80, converting the extra $20 into KSM and crediting your account.
</li>
<li>
Whats the relationship with Virto? BloqueDAO is a Virto-spinoff established as a self-governing DAO in Kreivo. We&rsquo;re leveraging on the Kreivo technology to support non-custodial management of the funds every user tops-up in their Kusama Pay cards.
</li>
</ul>

Empower businesses to launch debit cards and store their value in Kusama.

small_tipper

This is a tip created by the [tip-bot](https://github.com/paritytech/substrate-tip-bot/).

### Details

- **Repository:** [polkadot-sdk](https://github.com/paritytech/polkadot-sdk)
- **PR:** [#7234](https://github.com/paritytech/polkadot-sdk/pull/7234)
- **Contributor:** [jpserrat](https://github.com/jpserrat)
- **Tip Size:** small (4 KSM)


SmallTipper

This is a tip created by the [tip-bot](https://github.com/paritytech/substrate-tip-bot/).

### Details

- **Repository:** [polkadot-sdk](https://github.com/paritytech/polkadot-sdk)
- **PR:** [#7080](https://github.com/paritytech/polkadot-sdk/pull/7080)
- **Contributor:** [ethernomad](https://github.com/ethernomad)
- **Tip Size:** small (4 KSM)


- **Requested Amount:** 33,333 KSM  
- **Goal:** Help Kusama and Polkadot work better together by adding KSM to a special pool called Hydration Omnipool.  
- **How it works:** The KSM will be added to the pool to make trading easier between Kusama and Polkadot.  
- **Control:** The KSM will stay under the control of Kusama and OpenGov.  
- **No middleman:** This makes it simple to move value between the two chains without needing a central exchange.  
- **Similar to DOT:** It’s like how 1,000,000 DOT were added to the pool earlier.  
- **Result:** This will create a very liquid and easy way to trade KSM on Polkadot.

Kusama Hydration: Treasury LP

Encointer is a project that has been working with a small budget and is asking for more money for the rest of 2024. They want to spend 64,300 Swiss Francs, which is equal to 70,910 US Dollars, for 6 months. Here are some of the things they have done:

1. They helped the LEU Zurich community make decisions about their community using a new way of voting.
2. They set up a way for communities to share money and make decisions together.
3. The Encointer team won an award from Blockchain Switzerland called the InnoBooster award.
4. A new community in Zaira, Nigeria, is starting to use Encointer. They are using a solar-powered computer to help with this.
5. The Nyota community in Tanzania is growing and doing well.

Overall, Encointer has been working hard to help communities make decisions and share money in a fair way.

medium_spender

Encointer has continued to deliver on a lean budget and requests retroactive funding for the second half of 2024.
<a href="https://docs.google.com/document/d/1dgraI9w1Uqcwvtm9GU6VvCVdHkj_w1n1zcvBX06imh0/edit?usp=sharing">Full Proposal Document</a>
The proposed treasury spend amounts to 64'300 CHF = 70'910 USD for 6 mt
Main achievements:
<ul>
<li>first personhood-based democratic decision about community matters for LEU Zurich community (<a href="https://www.youtube.com/watch?v=Gv7FagDCkuw">how it works</a>)</li>
<li>Deployed communitiy treasuries with democratic spending decisions.</li>
<li>Encointer team won <a href="https://x.com/encointer/status/1876177301421056505">Blockchain Switzerland InnoBooster award</a></li>
<li>New community forming in Zaira, Nigeria. Already operating a <a href="https://encointer.org/independence-powered-by-the-sun-a-nigerian-communitys-journey-into-blockchain-and-self-reliance/">solar-powered collator</a> for Encointer Network</li>
<li>Steady growth of Nyota community in Tanzania</li>
</ul>

Encointer Retroactive Proposal for July-Dec 2024

A new proposal is asking for more money to help the people called "collators" on Kusama's System Parachains. Collators are important because they help keep the network safe, fair, and fast. They need more money to keep doing their job well as the network grows bigger. This proposal wants to give them 4,116.24 KSM. You can read more about it in the full proposal link. In the past, there have been other proposals to help collators too.

Proposal: Additional Funding for Kusama System Parachain Collators
Bounty #20 KSM address: F3opxRbN5ZbjJNU513biNemEwi2QDYNACcNqzU68jHWZos2
Requested allocation: 4,116.24 KSM
This proposal seeks additional funding to support the operational status and provide a bounty top-up budget for collators on Kusama's System Parachains. Collators are essential for maintaining network security, decentralization, and performance. While previous referenda have successfully provided the necessary resources for their effective operation, additional funds are required to sustain these efforts and adapt to the expanding network demands.
This proposal will focus on the operational status and the bounty top-up budget, while more detailed information can be found under the bounty page and in earlier proposals, as listed below.
Full Proposal: <a href="https://docs.google.com/document/d/1ufIt4xkI4lFmbbNnZ5uNp4fo9TQL4TjSjMSwQBL3cRI/edit?usp=sharing">Kusama System Parachains Collator Bounty #20 Top-Up Proposal - Jan/2025</a>
Previous System Chain Collator Related Referenda
The history of initiatives for Kusama System Chain collators dates back to early 2023. They have provided vital support for maintaining the network&rsquo;s stability, security, and decentralization.
<ul>
<li>Referendum 108: <a href="108">Establishing a Bounty for Collators of System Parachains, February 2023</a></li>
<li>Referendum 273: <a href="../post/2603">Bridge Hub Collator Compensation for June, July, and August, September 2023</a></li>
<li>Referendum 275: <a href="../post/2603">Bridge Hub Collator Compensation for June, July, and August, September 2023</a></li>
<li>Referendum 309: <a href="../post/2614">Kusama System Parachain Collators - Tips Q4/2023, November 2023</a></li>
<li>Referendum 322: <a href="322">Funding of Kusama System Parachain Collators, December 2023</a></li>
<li>Referendum 445: <a href="445">Bounty Top-Up of the System Parachain Collators Funding on Kusama, August 2024</a></li>
</ul>
Thank you!

Kusama System Parachains Collator Bounty #20 Top-Up Proposal - Jan/2025

ParaSpell is a project that offers a set of powerful XCM tools to enhance cross-chain experiences for projects. They are currently working on:

1. XCM SDK: A library that makes dApps interoperable within seconds.
2. XCM API: A package-less way to get cross-chain capabilities.
3. XCM Router: Allows sending different assets than received in cross-chain exchanges.
4. XCM Analyser: Decodes complex XCM junctions or entire XCM calls.
5. XCM Visualizator: A 3D universe-like visualization of XCM.

These tools help with various aspects of cross-chain operations, such as asset transfers, data queries, and network analysis. The ParaSpell team has completed several Web 3 Foundation grants and received community support through maintenance proposals. They have also participated in hackathons and published research articles to promote Polkadot and ParaSpell.

The current proposal aims to fund the maintenance and improvement of these tools for six months, allowing them to remain free for the Polkadot and Kusama communities. By implementing ParaSpell's XCM tools, users can expect complex-free support, prompt issue solving, constant updates, comprehensive documentation, and reliability. Non-developer/dApp users can also benefit from faster dApp creation, safety in cross-chain operations, and the ability to try XCM tools through the Playground.

ParaSpell✨ XCM Tools - Maintenance & Server cost coverage Q1 & Q2 2025

Subscan is a tool that helps people explore and understand the Polkadot and Kusama networks. It gives important information to developers, people who check the network is working well, and users of the network. They asked for money from Kusama to keep improving and making their service better.

In the past, they got money from Kusama to pay for things like computers and internet connections. Now, they have a new way to decide how much money they need. They will charge based on how much storage space they use, which helps them know how much it costs to run their service.

Subscan has a place where people can give ideas and talk about problems, which helps them make their service better. They have also made their service better by making it faster and easier to use.

They want money to keep their service running for the next year. They have planned how much it will cost and have a chart to show it. They also made some money from ads, which they will use to reduce the amount they need to ask for.

Subscan wants to keep getting better and not rely too much on asking for money. They will try to make their service better and find other ways to make money, like working with other companies or offering special features for a fee.

In the end, they asked for a certain amount of money, which they calculated using the price of Kusama's tokens. They thanked everyone for their support and feedback, and said that with their help, they can keep making their service better.

Subscan Q2/Q3/Q4 2024 Funding Proposal: Basic service fee for the Kusama Relaychain and Kusama public parachain (AssetHub, Coretime, BridgeHub, People)

Bifrost is a liquid staking app-chain for multiple blockchains, built on the Polkadot SDK. It allows users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security. Bifrost is one of the largest Polkadot parachains in terms of Total Value Locked (TVL) with over $77M. It has liquid staking solutions for various networks such as Kusama (vKSM), Astar (vASTR), Ethereum (vETH), Manta (vMANTA), and Moonbeam (vGLMR).

Bifrost has requested a loan of 50,000 KSM from the Kusama treasury to be repaid with interest over 18 months. This loan will be used as base liquidity for the KSM and vKSM pair in Bifrost Stable Swap. Bifrost has previously brought a total income of 8,370.5523 KSM to the Kusama Treasury through similar proposals.

Bifrost offers unique use cases for liquid staking, such as LST Governance Capacity Inheritance (GCI), Leveraged Staking (LoopStake), and Chain Abstraction for KSM liquid staking. Bifrost's long-term goal is to facilitate capital flow of KSM staking, empower KSM staking across Kusama and Polkadot, and enhance the consensus security of the Kusama network.

Bifrost plans to expand vKSM applications on Polkadot once the KSM < > DOT bridge is live. This will include using Interlay Value, Hydradex omnipool, and DCA strategies, similar to the successful approach implemented with vDOT. Bifrost also plans to abstract away KSM liquid staking to the multichain, supporting minting across various networks via Bifrost SLPx.

The borrowing and repayment process will be fully open and transparent on Kusama and Bifrost governance. Bifrost will apply to borrow 50,000 KSM from the Kusama treasury and generate a treasury derived address on Bifrost. The funds will be used to mint vKSM and add liquidity to Bifrost Stable Swap. For repayment, Bifrost will remove liquidity from DEXs, convert vKSM back to KSM, and initiate a proposal on Kusama to repay the borrowed amount with staking rewards.

treasurer

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

The KSM Collective on krievo has proposed using treasury funds to create an initial liquidity pool for KSM and dUSD on AssetHub. The goal is to boost dUSD adoption, strengthen Kusama's DeFi ecosystem, and generate fees for the KSM Collective. They are requesting $300,000 plus a 10% volatility buffer, with any excess being returned. Brale has committed an initial $300,000 in dUSD to match the requested KSM allocation. The beneficiary is the KSM Society organization on krievo, and the LP fees will be retained by KSM Collective and Brale. The first usage will be the exchange of Brale's $125k fee from KSM to dUSD, with the beneficiary being the Decent Partners collective.

<img src="https://i.ibb.co/NTwRnJV/image.png" alt="image.png" />
Full proposal <a href="https://rfc.decent.partners/t/liquidity-subsidy-for-ksm-dusd-liquidity-pool-on-kusama-asset-hub/62">here</a>. 
Proposal Overview 
Proponent: <a href="https://app.virto.dev/">KSM Collective on krievo </a>
Objective: Use treasury funds to seed an initial liquidity pool for KSM and dUSD on AssetHub.
Related: <a href="471">Retroactive Brale integration fee proposal </a>
Rationale: The pool will be used to kickstart dUSD adoption while simultaneously strengthening Kusama&rsquo;s DeFi ecosystem and generating fees for KSM Collective.
Request: $300,000 + 10% volatilty buffer, excess will be returned.
Total USD: $330,000 Total KSM: 9706 (EMA7 $34)
Match commitment: Brale has committed an initial $300,000 in dUSD to match the requested KSM allocation
Beneficiary: KSM Society organisation on krievo, sovereign account on Kusama relay chain.
Address: <a href="https://kusama.subscan.io/account/Ftuq9bHvQb5NiU5JA7q79fxYn9FVBeRjNBHL3RH5raN9qck">Ftuq9bHvQb5NiU5JA7q79fxYn9FVBeRjNBHL3RH5raN9qck </a>
Members: 10 members from across the ecosystem with more to add.
Representation: Virto, W3F, ChaosDAO, decent, Helikon, Lucky Friday. Governance: 1 member 1 vote, 30% minimum support
LP fees: Retained by KSM Collective (KSM) and Brale (dUSD).
First usage: Exchange of Brale&rsquo;s $125k fee from KSM to dUSD with the beneficiary being the Decent Partners collective which is governed by initial membership of organisations - decent, Brale, Virto and KSM collective.
Contact: <a href="https://matrix.to/#/%23ksm-governance:virto.community">KSM society public matrix</a>

Liquidity subsidy for KSM/dUSD Liquidity Pool on Kusama Asset Hub 

- Decent Partners is asking for $125,000 to fund Brale's work on a stablecoin project.
- Brale integrated their stablecoin platform with Kusama AssetHub, a big step for public good.
- The stablecoin, called dUSD, can be used across 15 different blockchains.
- Brale is part of the Decent Partners collective, which includes four organizations.
- They are using their KSM fee to help more people use dUSD.
- Another proposal asks for money to start a KSM:dUSD trading pair.
- Brale is putting $300,000 of dUSD into this trading pool.

Retroactive Funding for Brale’s Public Good Stablecoin Integration with Kusama Asset Hub (now live)

### Summary

- **Purpose**: Fund an account for common good activities on Kusama network.
- **Amount Needed**: 50 KSM to cover activities for 6 months.
- **Activities**:
  - Paying staking rewards for validators and nominators.
  - Refunding deposits for referenda on Kusama and Collective chain.
- **Previous Funding**: Last funded 321 days ago by the Treasury.
- **Increased Usage**: More validators and higher expenses.
- **Account Transparency**: No outbound transfers, 80% of fees returned to the Treasury.
- **Balance History**: Account balance shown over the past three months.

Tip for an account used for Referendum Deposit Clean-up and Validator Payout Bot

### Summary of Proposal

- **Date:** September 2024
- **Proponent:** Amforc
- **Requested KSM:** 2860
- **Purpose:** To test Polkadot's scalability by filling blocks with transactions for 40 minutes on Kusama.
- **Funding Use:** KSM for transaction fees and temporary existential deposits (EDs).
- **Fund Return:** At least 80% of fees will be returned to the treasury. Excess KSM will also be returned.
- **No Profit:** Amforc takes no cut for conducting the experiment.
- **Full Proposal:** Available [here](https://docs.google.com/document/d/1YZNxvBqmpiVvHwq0yQ0EmGsnI7eCh1pieyFQ0WoNkAM).

WHO: Amforc 
WHAT: Showcase Polkadot’s scalability by filling blocks for 40 min on Kusama. 
PRICE/TIMEFRAME/RESOURCES: Requested 2860 KSM to pay for transaction fees and temporary EDs. At least 80% of KSM spent in fees will be returned to the treasury. No cut for Amforc. Full proposal available.

Showcasing Polkadot’s Capabilities: The Spammening Test Run

- Four accounts lost funds due to a bug in Kusama's runtime version 1.1.0.
- The bug caused assets to be lost instead of being trapped during cross-chain transfers.
- The lost funds were due to insufficient delivery fees being deducted from the accounts.
- The bug was fixed in Kusama version 1.1.2, after changes from [PR 3085](https://github.com/paritytech/polkadot-sdk/pull/3085).
- The accounts attempted to transfer all their funds, leading to the loss.
- Funds lost due to the bug should be reimbursed.
- Assets that were trapped (not part of this proposal) can be reclaimed.

WHO: The proposal does not specify WHO will be responsible for reimbursing the lost funds.

WHAT: The proposal suggests that lost funds due to a bug in the runtime should be reimbursed.

PRICE/TIMEFRAME/RESOURCES: The proposal does not mention the PRICE, TIMEFRAME, or RESOURCES required for the reimbursement.

[Small Spender] Reimburse accounts affected by an XCM bug

- Pablo is a member of the Polkadot fellowship and Virto DAO.
- He is developing the "Confirmation Candle" feature.
- This feature protects against sniping referenda during confirmation periods.
- The feature is currently in a draft stage on GitHub.
- It will first be tested with the KSM Community DAO in Kreivo.
- The testing aims to showcase and possibly adjust the feature.
- After testing, it may be proposed to Kusama via a wish for change.

Retroactive funding: Confirmation Candle (sniping protection)

### Summary of Virto DAO

- **Purpose**: Virto DAO aims to provide the simplest and most advanced DAO infrastructure for organizations and communities in the blockchain ecosystem.
- **Features**: Offers tools for shared decision-making, record-keeping, and global financial services, all on a blockchain-based system.
- **Q3 Focus**: Improving user experience for DAO members, making it easier to manage and participate without needing wallets or fees.
- **MVP Program**: Running a program to provide digital debit cards and on/off ramps for managing expenses and salaries in the Americas region.
- **Virto Stack**: Plans to create a unified solution called the Virto Operating System for autonomous organizations.
- **Funding**: Has raised approximately $671,754 USD, with about $120,000 USD annually for a team of 6-10 members.
- **Accountability**: Maintains transparency with on-chain treasury funds and is open to improving accountability measures.
- **Community Support**: Continues to support Kusama ecosystem by providing essential infrastructure and tools.

Virto DAO is building an advanced and easy-to-use DAO infrastructure for modern organizations to operate effectively. They aim to offer a polished end-user experience for members of DAOs to manage and participate in their organizations without the need for wallets or fees. They are running an MVP program with on/off ramps providers in the Americas region to empower organizations with digital debit cards to manage their expenses online and on/off ramps from KSM/DOT to USD in US and Colombian Pesos to pay salaries or perform deals with traditional entities in the Region. They plan to evolve the experience they provide, putting together the tools they've built over the years into a unified solution: The Virto Operating System for autonomous organizations.

Revitalizing Kusama: The DAO Hub

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.

I am <a href="https://rust.dev/">rust.dev</a> and I am super bullish on Kusama.
I believe that our Wild Bird Kusama is the perfect place for chaos, experiments and now fun.
As current market narrative of meme season and one click tokens deployer as pump fun(<a href="https://cointelegraph.com/news/pump-fun-daily-revenue-outpaces-the-next-24-protocols-combined">Pump.fun daily revenue outpaces the next 24 protocols combined</a>) or sunpump meme(<a href="https://cointelegraph.com/news/memecoin-deployer-sunpump-1m-revenue-days-after-launch">1M$ in revenue in 11 days</a>) showed that this kind of product on top of tron and solana L1 solution has got those ecosystems up from the knees.&nbsp;
&nbsp;
<a href="http://ksm.fun/">KSM.FUN</a> is a parachain:
&mdash; UMP/DMP XCM trasnfer configured for parachain runttime to support transfer of KSM from relayer chain and back.
&mdash; Kusama (KSM) is native currency FOREVER.&nbsp;
&mdash; OpenGov for KSM holders. Similar to kusama open gov but just faster track to make desision faster.
&mdash; Native dex.
&mdash; 0% fee on trade compared to 1% each trade fees on pump.fun (this improvement will allow to bring a lot of volume and users to Kusama)
&mdash; Integration of Assets pallet. Config prevents RUGS so it is ONLY possible to create a token via launchpad extrinsic.
&mdash; Simple user flow to execute only 1 Launchpad extrinsic that:
&nbsp; &nbsp; &nbsp; &nbsp; &mdash; creates a new (meme) token. For example GLITCH .
&nbsp; &nbsp; &nbsp; &nbsp; &mdash; creates a pool of new tokens with KSM. LP KSM-GLITCH deploy liquidity.
&nbsp; &nbsp; &nbsp; &nbsp; &mdash; buys the desired amount of tokens from the pool in the same extrinsic. (optional)
I won the last <a href="https://parachains.info/auctions/kusama">parachain slot</a> in Kusama history. It was called Memecoinchain. But since then it has changed its name to KSM.FUN that I believe is more vibrant to attract more users and activity into the Kusama ecosystem. So in the next few weeks KSM fun will be deployed as parachain.
All logic and functionality is tested with a zombienet and contains the polkadot version to support 6 sec block time. We are team of 3 devs, 2 blockchain substrate rust devs and 1 Front-end Web3 Dev.
I am actively developing bridges and DeFi for the polkadot/kusama ecosystem during the last 4 years.
This is my first treasury proposal on Kusama.
My contacts:
Github: <a href="https://github.com/rustninja">https://github.com/rustninja</a>
Linkedin: <a href="https://www.linkedin.com/in/rustdev">https://www.linkedin.com/in/rustdev</a>
Telegram: <a href="https://t.me/rustninja">https://t.me/rustninja</a>
Youtube channel about polkadot/rust substrate development <a href="https://about.web3.online/">about.web3.online</a>.
Source code of ksm.fun parachain for Kusama.
<a href="https://github.com/ksmfun/ksmfun">https://github.com/ksmfun/ksmfun</a>
&mdash;&nbsp; <a href="https://github.com/ksmfun/ksmfun/tree/main/substrate/frame/dex">DEX pallet. create pool, add/remove liquidity and trade</a>
&mdash; <a href="https://github.com/ksmfun/ksmfun/blob/main/substrate/frame/dex/src/lib.rs#L572-L636">Launchpad source code</a>
&mdash; Integration into KSM FUN logic into runtime: <a href="https://github.com/ksmfun/ksmfun/blob/main/templates/parachain/runtime/src/configs/mod.rs#L163-L235">https://github.com/ksmfun/ksmfun/blob/main/templates/parachain/runtime/src/configs/mod.rs#L163-L235</a>
Here is a video of testing KSM.fun on polkadot js overview of functionality of creating new tokens in one extrinsic and starting trading them immediately.
<a href="https://youtu.be/yzbVWxLXwQU">https://youtu.be/yzbVWxLXwQU</a>
Thank you for your time and support.
I am glad to hear any feedback and opinion from you Kusama bulls.

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.

Treasury Proposals