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

Awarded

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


SmallTipper

- **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.

big_spender

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.

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

### 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.

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 money to pay for things they did from January to June 2024. They made a video with Will from ParaNodes to show that they didn't spend money that others were also spending. They also said they will not ask for half of the money they need to pay their team members. They now want about 3,036 KSM for 6 months of work.

Encointer helps communities make their own money and use it to help their local economy. They have done some good things in 2024, like growing their community in Tanzania and making a new way for people to vote in their community. They also learned a lot from their community in Zurich.

Encointer requests retroactive funding for its expenses in Jan-Jun 2024
This updated proposal addresses the two primary reasons mentioned for the rejection of <a href="420">Referendum 420</a> with a very tight 49.5%.&nbsp;
<ul>
<li>The first concern was the assumption of duplicated spending by different ecosystem participants. The Encointer team attempted to clarify these allegations through comments, but the misunderstanding persisted throughout the decision period. To rectify this, a video together with Will from ParaNodes, the author of the Proposal for Top-Up Funding of Kusama System Parachain Collators (<a href="419">Ref 419</a>), has been produced. <a href="https://drive.google.com/file/d/13Mu2ouBdSsxntsmBtbh9uZzKDEEPNsqb/view">This video</a> explains the different proposals and confirms that no duplicated spending occurred.</li>
<li>The second concern was the perceived high treasury expenditure, given the current state of the treasury. To address this, the Encointer team is offering to officially waive 50% of the team members' salaries, reducing the total treasury request significantly.</li>
</ul>
The reduced amount of the proposed spend is CHF 49&rsquo;350 ≃ 59&rsquo;809 USD&nbsp; ≃ 3&rsquo;036 KSM for 6mt operations
<ul>
<li><a href="https://docs.google.com/document/d/1gXHo0aZbIMmzOY3b1osyalvqX6bF8sT3Pxxklw8Cjpo">Full Proposal Document</a></li>
</ul>
Encointer is a common-good chain on Kusama laying the foundation of a more democratic and more inclusive web3. Its secure and decentralized sybil-resilience protocol enables local communities everywhere to generate their own, autonomous local currency, and use it to stimulate the local economy.
Main achievements in 2024 so far
<ul>
<li>Community development and continued growth of Nyota in Tanzania</li>
<li>Adoption of Encointer faucet</li>
<li>Prototype for democratic community governance (vote weight based on personhood confidence, not funds)</li>
<li>Decentralization of infrastructure</li>
</ul>
Also, some insights and learnings from 2 years Leu Zuerich community: <a href="https://www.youtube.com/watch?v=zsBuoiAszHE">brenzi's EthereumZuri.ch presentation</a>

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)

### 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.

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.

Treasury Proposals