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

small_spender

wenbeefy

- The project involves creating graffiti artworks featuring the Kusama logo in different cities, starting with Barcelona.
- Graffiti artists will use a template to paint the Kusama logo in urban areas, then take photos of their work.
- Each graffiti piece will be turned into a non-fungible token (NFT) and stored on the Kusama blockchain.
- People can visit these graffiti spots and show respect by bending their knee in front of the logo.
- Only cities with more than 2 million people can participate, and each city can only be featured once.
- The project is inspired by ideas from Foucault and Preciado, turning public spaces into sites of resistance.
- Participants will receive up to 42 KSM for their work, and they must upload photos of their NFTs and mark their locations.

Descentralized art project

### Proposal Summary

- **Requested Amount:** 50,000 KSM
- **Date:** 26.11.2024
- **Context:** Bifrost is a Liquid Staking app-chain on Polkadot with over $77M in Total Value Locked (TVL).
- **Proposal:** Requesting a 18-month loan of 50,000 KSM from the Kusama Treasury for base liquidity in Bifrost Stable Swap.
- **Previous Proposals:** Similar proposals were successfully executed in 2022 and 2023, bringing substantial income to the Kusama Treasury.
- **Repayment:** The loan will be repaid with interest, with the last repayment scheduled for November 2024.
- **Benefits:** Enhances liquidity for vKSM, supports broader use-cases across the ecosystem, and increases staking rewards.
- **Use Cases:** Includes governance capacity inheritance, leveraged staking, and chain abstraction for KSM liquid staking.
- **Motivation:** To facilitate capital flow of KSM staking, empower KSM staking across Kusama and Polkadot, and enhance network security.
- **Implementation Plan:** Includes expanding vKSM applications on Polkadot and other networks, leveraging Interlay Value, Hydradex omnipool, and DCA strategies.
- **Liquidity Management:** Funds will be managed through Bifrost Stable Swap and Hydration Omnipool, with transparent borrowing and repayment processes.

Awarded

treasurer

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

- **Proponent**: KSM Collective on krievo
- **Objective**: Seed a KSM and dUSD liquidity pool on AssetHub using treasury funds.
- **Rationale**: Boost dUSD adoption and strengthen Kusama's DeFi ecosystem.
- **Request**: $300,000 + 10% volatility buffer, excess funds to be returned.
- **Match Commitment**: Brale will contribute $300,000 in dUSD.
- **Beneficiary**: KSM Society organization on krievo.
- **First Usage**: Exchange $125k fee from KSM to dUSD for Decent Partners collective.
- **Contact**: KSM society public matrix.

big_spender

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

- **Proposal**: Retroactive funding for Brale's stablecoin integration with Kusama AssetHub.
- **Amount**: $125,000 + 10% volatility buffer.
- **Beneficiary**: Decent Partners organization on Kusama.
- **Integration**: Allows stablecoin issuance and zero-cost exchange across 15 blockchains.
- **First Stablecoin**: decent/dUSD minted on Asset Hub with ID 50,000,002.
- **Partners**: Brale joins Decent Partners collective with decent, Virto, and KSM collectives.
- **Commitment**: Brale commits KSM fee to drive dUSD adoption.
- **Concurrent Proposal**: Requests KSM liquidity subsidy for a KSM:dUSD trading pair.

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

- **Date:** September 2024
- **Proponent:** Amforc
- **Requested KSM:** 2860
- **Objective:** Test Polkadot's scalability by filling blocks with transactions for 40 minutes.
- **Test Location:** Kusama network.
- **Funding Use:** Transaction fees and temporary existential deposits.
- **Refund:** At least 80% of KSM spent in fees will be returned to the treasury.
- **No Profit:** Amforc will not take any cut from the experiment.
- **Full Proposal:** Available [here](https://docs.google.com/document/d/1YZNxvBqmpiVvHwq0yQ0EmGsnI7eCh1pieyFQ0WoNkAM).

medium_spender

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 working on a feature called "Confirmation Candle."
- 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.
- After testing, it may be adjusted before being proposed to Kusama.
- The proposal to Kusama will be made through a "wish for change."

Retroactive funding: Confirmation Candle (sniping protection)

### Summary of Virto DAO

- **Purpose**: Virto DAO aims to provide the simplest way for organizations to start and scale their operations using decentralized tools.
- **Features**: Offers tools for decision-making, record-keeping, and global financial services, all on a blockchain-based system.
- **Demo**: A video demo showcases the user-friendly interface for managing DAOs without needing wallets or fees.
- **Q3 Focus**: Improving the end-user experience for DAO members to manage and participate in their organizations easily.
- **Call to Action**: Invites Kusama and Polkadot users to join an MVP program for digital debit cards and currency ramps.
- **Future Plans**: Developing a unified solution called the Virto Operating System for autonomous organizations.
- **Funding**: Has raised approximately $671,754 USD, with $120,000 USD annually for a team of 6-10 members.
- **Community Support**: Continues to support Kusama's growth 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 Kusama, designed for chaos, experiments, and fun.
- It features a native DEX with 0% trading fees, faster OpenGov, and secure token creation.
- The parachain supports KSM transfers and has a simple user flow for creating and trading meme tokens.
- The project won the last parachain slot auction on Kusama and is set to deploy soon.
- The team consists of 3 developers, with extensive experience in Polkadot/Kusama ecosystems.
- The source code and a demo video are available on GitHub and YouTube.
- The creator is actively seeking feedback and support from the Kusama community.

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 proposals failed due to last-minute vote changes and accusations of double spending.
- **Changes:** Includes a video explanation and revised proposal details.
- **Coordinator:** Paradox was elected as the coordinator after the last proposal.
- **Budget Adjustment:** Reflects the new market rate for better alignment.
- **Coverage:** Funds five Kusama System Parachains: AssetHub, BridgeHub, Coretime, People, and Encointer.
- **Duration:** 6-month funding period starting July 1, 2024.
- **Amount:** 7,926.62 KSM for infrastructure costs and staking rewards.

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 Retroactive Funding Proposal

- **Encointer** is a Kusama chain aiming to create a more democratic and inclusive web3.
- The proposal requests retroactive funding for January-June 2024 operations.
- **Concerns Addressed**:
  - **Duplicated Spending**: A video clarified that no duplicated spending occurred.
  - **High Treasury Expenditure**: The team agreed to waive 50% of salaries.
- **Reduced Funding Request**: CHF 49,350 (≃ 59,809 USD ≃ 3,036 KSM).
- **Main Achievements in 2024**:
  - Community growth in Tanzania.
  - Adoption of Encointer faucet.
  - Prototype for democratic governance.
  - Infrastructure decentralization.
- **Learnings**: Insights from the Leu Zuerich community.

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**:
  - **Drand Bridge Pallet**: Allows Substrate-based runtimes to use Drand's verifiable randomness.
  - **Node Template**: Supports efficient verification of Drand's pulses.
  - **Chain Extension & Smart Contracts**: Enables Drand's randomness in ink! smart contracts.
  - **Demo Dapp**: A rock-paper-scissors game using the randomness.
- **Benefits**:
  - **Robust Randomness**: Highly secure and verifiable onchain randomness.
  - **Timelock Encryption**: Enables new trustless protocols like trustless asset swaps.
  - **Ecosystem Growth**: Optimized for efficient pairing operations, unlike EVM-based solutions.
- **Proposal**: Seeking retroactive funding to maintain and enhance the Drand bridge pallet.
- **Goal**: Make the module easy to use for other networks to acquire secure randomness and timelock encryption capabilities.

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 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 and the Kusama ecosystem. Her goal is to attract more developers to the Kusama ecosystem, leading to more projects and investments.

- **Videos Created:**
  - Polkadot SDK, Substrate, FRAME, Pallets, and Their Structure - For Beginners
  - Polkadot & Kusama Ecosystems Terminology for Beginners
  - Balances Pallet and Assets Pallet of Substrate - Explained for Beginners

- **Request:** Alina is asking for 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.

Retroactive tips for Rust content to onboard developers into PolkadotSDK

small_tipper

SmallTipper

### Polkadot Mexico Activities Summary

- **Event Participation**: Polkadot Mexico is participating in an event in Monterrey on August 17, 2024.
- **Participants**: The event involves universities, developers, blockchain ecosystems, and a Digital Bank in Mexico.
- **Objective**: The goal is to boost the developer sector in Mexico, focusing on Rust and guiding them towards the Polkadot SDK.
- **User Attraction**: The event aims to attract users and build relationships with small and medium-sized enterprises (PyMes) in Mexico.
- **Collaboration**: Polkadot Mexico seeks to collaborate with companies and universities to benefit Polkadot.
- **Hackathon Participation**: A mentor from Polkadot Mexico participated in the Polkadot Hackathon in Seoul in 2023.
- **Full Proposal**: Detailed information about the proposal can be found in the provided link.

Polkadot Mexico aims to boost the developer sector in Mexico by participating in an event in Monterrey on August 17, 2024. They plan to guide developers towards Polkadot SDK, attract users, and build relationships with PyMes in Mexico. The proposal does not mention a specific price or timeframe.

TECHNICAL WORKSHOP AND LECTURE FOR GAMING BLOCKCHAIN DEVELOPERS AT MONTERREY, MEXICO.

### ParaSpell Overview

- **ParaSpell** is a set of tools designed to enhance cross-chain experiences on Polkadot and Kusama.
- It includes five main tools: XCM SDK, XCM Router, XCM API, XCM Analyser, and XCM Visualizator.
- **XCM SDK** is the core tool, allowing seamless integration of XCM into dApps and supporting 54 XCM-compatible parachains.
- **XCM Router** enables cross-chain asset transfers and exchanges within a single call.
- **XCM API** simplifies XCM integration, reducing server load and costs.
- **XCM Analyser** converts XCM Multilocations into human-readable formats.
- **XCM Visualizator** provides a 3D visualization of XCM activities in the Polkadot ecosystem.
- The tools are maintained by a team that has received multiple grants and community support.
- The proposal seeks funding to continue maintaining these tools and ensuring they remain free for the community.

ParaSpell is proposing to the Kusama community to fund the maintenance and assistance to other teams for their XCM tools, including XCM SDK, XCM Router, XCM API, XCM Analyser, and XCM Visualizator, for six months starting on August 1, 2024, for a total of $48,000. The proposal aims to keep the tools free and open-source for the Polkadot and Kusama communities.

ParaSpell XCM Tools Server costs coverage and 6 months of Maintenance Proposal

### GrowDAO Initiative

**Objective:**  
GrowDAO aims to increase the use of the Kusama network by helping organizations and DAOs in Latin America (LATAM) adopt blockchain for treasury management, payments, and governance.

**Strategy:**  
- Onboard DAOs into the Virto and Kusama/Polkadot ecosystems.
- Educate and support 22 organizations over three months.
- Provide transaction fees, memberships, and a small treasury for experimentation.

**Current Approach:**  
- Build one-on-one relationships with key stakeholders.
- Maintain a digital presence to attract new DAOs.
- Promote the Kusama/Polkadot/Virto ecosystems.

**Outcomes:**  
- Publish a report with metrics and insights.
- Create a foundation for future business development teams.
- Encourage traditional businesses in LATAM to explore blockchain.

**Problems:**  
- Lack of knowledge about web3 technology.
- Need for support in blockchain onboarding.
- Limited budget for blockchain experimentation.

**Solutions:**  
- Offer tailored educational programs.
- Create a "School for DAOs" with personalized advisory.
- Provide incentives and support for DAO establishment.
- Implement digital marketing strategies to build community.

**Budget:**  
- Total budget: $20,000 (870 KSM at $23 USD).
- Funds allocated for marketing, DAO establishment, team salaries, and a GrowDAO treasury.

WHO: GrowDAO

WHAT: Enhance the use of the Kusama network by implementing real-world use cases in formal organizations and DAOs in LATAM, through tailored educational programs, personalized advisory programs, targeted onboarding and incentive programs, DAO incubator, and digital marketing strategies.

PRICE/TIMEFRAME/RESOURCES: $20,000 over three months, including marketing, DAO establishment, team salaries, and GrowDAO treasury.

DAO: Driving Blockchain Adoption in LATAM Organizations

- The account is used for community activities like paying validators and clearing deposits.
- Funding is needed for about 4 months, with a plan to grow from 168 to 200 validators.
- Scripts for deposit clearing need updating after a recent upgrade.
- Efforts are being made to avoid too many payouts at once.
- A new feature for "grouped payouts" is being developed.
- The account's transaction history is available for public review.

big_tipper

Paradox is seeking community support to fund an account for various community good activities, including payouts for community validators and clearing submission and decision deposits on Kusama. The funding is expected to last approximately 4 months, with a price and timeframe not specified.

Funding an account used for common-good activities

### Digital Voting within the Blockchain Hackathon

- **Hackathon Name**: Digital Voting within the Blockchain
- **Dates**: May 28-29, 2024
- **Participants**: 50 max, currently 39 registered (mostly EVM)
- **Requested KSM**: 278 KSM
- **Organizers**: Mexican Deputy Chamber and Kairos Research
- **Focus**: Substrate-based implementations within Kusama/Polkadot ecosystem
- **Activities**: Substrate tutorials, workshops, and crash courses on blockchain and digital voting
- **Objective**: Showcase and test blockchain solutions for digital voting, aiming to influence legislative stakeholders and promote the Kusama/Polkadot ecosystem in Mexico.

Mexican Deputy Chamber is organizing a hackathon on "Digital Voting within the Blockchain" with Kairos Research. The proposal is to partner with Kairos and offer a side track for Substrate implementations, including a Substrate Tutorial, workshops related to Polkadot and Crash Courses, and a showcase and testing of developments within Kusama/Polkadot. The proposal asks for 278 KSM and the hackathon will take place on May 28-29, 2024, with 50 max hackers. The proposal aims to showcase and test the web3 ecosystem in Mexico and help lawmakers understand and acknowledge the advantages of blockchain solutions.

Treasury Proposals