Dear community,

I would like your support to fund an account used for common good activities with 333 KSM, near the upper limit of this track. Based on current projections this should fund said activities for beyond 12 months. I hope that the community trust that I would use the funds responsibly should they become in-excess.

The account is used in-part for activities such as:

• Paying out staking rewards for several validators and their nominators
• Refunding submission and decision deposits for several referenda on Kusama and the Collective chain
• The account was previously funded by the Treasury 5-6 months ago. There are now many more payouts per era as more validators are active and there is a higher drain on funds.

It is worthwhile noting that the account has no outbound transfers and most (if not all) expenses on the account are transactional in nature; this means that 80% of the fees are returned to the treasury.

The account balance graph is shown below.

Regards,
Will | Paradox | ParaNodes.io