Polkadot Digest 10 Jan 2023

Polkadot News

Referendum 94, proposing to seed the Polkadot Alliance, is currently passing with 97% in favor and 2 days left to vote. https://polkadot.polkassembly.io/referendum/94

Referendum 96, proposing to upgrade the Polkadot runtime to v9340, is currently passing with 99% in favor and 4 days left to vote. https://polkadot.polkassembly.io/referendum/96

Note that assuming Referendum 96 passes, there will be an upgrade on Saturday (14 Jan) to a new runtime. Any multisig transactions that start before the upgrade, but end afterward, will not succeed - complete your multisigs before the upgrade, or wait until the upgrade.

Referendum 97, proposing to unbrick the Bitgreen parachain, is currently passing with 98% in favor and 6 days left to vote. https://polkadot.polkassembly.io/referendum/97

Referendum 98, proposing to update the genesis Wasm blob for Bittensor to change the para ID, is passing with 99% in favor and 26 days left to vote. https://polkadot.polkassembly.io/referendum/98

There are also three proposals that can be endorsed in order to be the next Referendum up for vote. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/democracy

Remember that Referenda are automatically enabled by the runtime. For details, see https://wiki.polkadot.network/docs/learn-governance

Kusama News

With one day left in the current parachain lease auction, Bittensor is still in the lead, but anonymous parathread ID 2243 has also been in the lead for part of the Ending Period. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains/auctions

Note that neither of these bids come from a crowdloan. Auctions do not necessarily require a crowdloan. See https://wiki.polkadot.network/docs/learn-crowdloans

There are 10 Referenda up for vote in the OpenGov system. You can review them and vote here: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/referenda

There has been a decrease in the staking rate since yesterday, from 50.1% to 45.6%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/staking

This brings the staking rate to within a percentage point of the ideal staking rate, which has an impact on staking rewards and the amount going to the Treasury. See https://wiki.polkadot.network/docs/learn-staking-advanced#inflation