Polkadot Digest 8 May 2024

Polkadot News

Referendum 680, to initialize the Snowbridge Ethereum bridge, is currently passing almost unanimously. https://polkadot.polkassembly.io/referenda/680

Referendum 741, to move part of the the Polkadot Treasury to the Asset Hub, is now up for vote. https://polkadot.polkassembly.io/referenda/741

Referendum 740, upgrading the Bridge Hub runtime to 1.2.2 and fixing the issue with Polkadot-Kusama bridge, is now up for vote. https://polkadot.polkassembly.io/referenda/740

With two and a half days left in the current parachain lease auction, Parathrad 3358 remains in the lead with ~ 38% of blocks in the Ending Period. https://parachains.info/auctions

The Polkadot staking rate continues to increase and now stands at 54.83%. https://staking.polkadot.network/#/overview

Note that the staking rate influences staking rewards. For details, see https://wiki.polkadot.network/docs/learn-inflation

Kusama News

Interested in seeing how bulk coretime sales are going on Kusama? You can use Subscan’s dashboard here: https://coretime-kusama.subscan.io/coretime%5Fdashboard

Barring any major changes in voting, Referendum 384, registering the People Chain and upgrading the Coretime chain to runtime 1.2.3, will execute. https://kusama.polkassembly.io/referenda/384

This will re-enable identity on Kusama, on the People Chain instead of the relay chain. All current identities will be migrated to the People Chain.

Referendum 391, testing the “voidSpend” functionality for Treasury payouts, is now up for vote. https://kusama.polkassembly.io/referenda/391

The Polkadot Digest will be off tomorrow, as it is a holiday in Zug and I will be off.