Polkadot Digest 5 Sep 2022

Polkadot News

Aventus has been in the lead the entirety of the Ending Period so far, with only a few hours left in the current parachain lease auction. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frpc.polkadot.io#/parachains/auctions

Note that Aventus has reached its cap and no more contributions can be made to that crowdloan. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/parachains/crowdloan

Referendum 72, proposing to upgrade the Polkadot runtime to v9270, is currently passing unanimously with one day left to vote. https://polkadot.polkassembly.io/referendum/72

The staking rate on Polkadot has increased slightly to 52.1%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/staking

You can see the questions and answers from my most recent Reddit AMA here: https://www.reddit.com/r/Polkadot/comments/x36yef/bill%5Flaboon%5Fama%5F2%5Fsept%5F1300%5F1400%5Futc%5F1year/

Kusama News

Snow Network has won the most recent parachain lease auction. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains/parathreads

A new parachain lease auction has begun, and BitCountry Pioneer is currently in the lead. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains/auctions

Referendum 226, proposing to edit the Snow crowdloan parameters, did not pass. Note that the ICE/SNOW Network team asked people to vote against this. https://kusama.polkassembly.io/referendum/226

Referendum 227, seeking to lift restrictions on nomination pools (thus allowing 256 pools and 1024 members/pool), is passing unanimously with six days left to vote. https://kusama.polkassembly.io/referendum/227

The staking rate on Kusama has increased 0.7 percentage points over the last few days to 54.0%, while the ideal staking rate has decreased to 49.0%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/staking

To understand the mathematics of the staking rate, ideal staking rate, and how they impact staking rewards, see https://wiki.polkadot.network/docs/learn-staking#inflation