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### Proposal 370 Summary

- **25K KSM** moved to Asset Hub Treasury for advanced proposals.
- **3 KSM** payouts planned:
  1. 1 KSM immediately after enactment.
  2. 1 KSM after block 23105000 (about 14 days).
  3. 1 KSM after block 23255000 (about 24 days).
- Follow-up proposal to void the third payout.
- **2 KSM** already sent to Asset Hub Treasury.
- Proposal template for future multi-stage payouts.

Kusama Asset Hub Treasury - Multi-stage payout proposal

### Summary of the Proposal

1. **Objective**: To test the new Treasury on the Kusama Asset Hub and demonstrate the ability to execute XCM calls from the Virto community.
2. **Action**: Transferred 1.1 KSM to the remote treasury account on the Asset Hub.
3. **Beneficiary**: The funds are intended for the account `CuYrHbj4PNqVnpA17o8LDigdNXXYvEU7UaYW3kVyAdQskpE`.
4. **Execution**: After the proposal, a series of referenda will be submitted in Kreivo to move 1 KSM back to the original sender.
5. **Goals**: 
   - Prove the ability to execute XCM calls from any community on the Kusama Network.
   - Demonstrate payouts to any XCM location, not just accounts.
6. **Updates**:
   - Successfully crafted XCM instructions to teleport KSM between the Asset Hub and the Relay Chain.
   - Submitted referenda in Kreivo to move KSM between community accounts.
7. **Limitations**: Limited by current XCM capabilities on the Kusama Asset Hub.

Virto proposes to spend 1.1 KSM to test executing XCM calls from their community on Kusama network. The goal is to prove that payouts can be made to any XCM Location, not just accounts. The proposal includes a series of referenda to move KSM back to the original sender through the Kusama Relay Chain.

Treasury Spends