Polkadot Digest 14 Nov 2022

Polkadot News

Referendum 80, proposing to grant sufficiency to USDT on Statemint, has passed. https://polkadot.polkassembly.io/referendum/80

“Sufficiency” means that this asset can be used to pay for transaction fees and act as the ED for an account. For details, see https://wiki.polkadot.network/docs/build-integrate-assets#assets-basics

Referendum 84, proposing to upgrade the Polkadot Relay Chain to runtime v9300, has been passed and executed. https://polkadot.polkassembly.io/referendum/84

Referendum 81, to on-board Collectives as a common-good parachain, is passing with 99% in favor with 4 days left to vote. https://polkadot.polkassembly.io/referendum/81

Referendum 85, proposing to force and update to the Kapex parachain runtime code to allow it to upgrade, is currently passing with 27 days left to vote. https://polkadot.polkassembly.io/referendum/85

With two and a half days left in the current parachain auction, anonymous parathread ID 2092 is in the lead. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/parachains/auctions

The staking rate has dropped by a few percentage points over the last few days and is currently at 49.5%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/staking

Kusama News

Anonymous parathread ID 2231 has won the most recent parachain lease auction. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/parachains

The next parachain lease auction begins today at block 15_321_600. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/calendar

Referendum 242, proposing to open an HRMP channel between Statemine and Kintsugi, is currently passing with 99% in favor and less than an hour left to vote. https://kusama.polkassembly.io/referendum/242

Referendum 243, proposing to extend Encointer’s common-good parachain lease slot another 48 weeks, is passing with 99% in favor and 2 days left to vote. https://kusama.polkassembly.io/referendum/243

Referendum 244, proposing to upgrade Kusama relay chain to runtime v9320, is currently passing with 7 days left to vote. https://kusama.polkassembly.io/referendum/244

Note that among other things, this runtime upgrade would introduce OpenGov / Gov2, Polkadot’s next degeneration of decentralized governance. https://polkadot.network/blog/gov2-polkadots-next-generation-of-decentralised-governance/

It will run concurrently with the current governance system at first, although assuming KSM holders agree, it will eventually be the sole form of governance over the relay chain.

Referendum 245, proposing to un-brick the Basilisk parachain, is currently passing with 99% in favor and 10 hours left to vote. https://kusama.polkassembly.io/referendum/245

This referendum was fast-tracked by the Technical Committee. If passed, it will execute 300 blocks ( ~ 30 minutes) afterwards. https://wiki.polkadot.network/docs/learn-governance#technical-committee

The Kusama staking rate has decreased slightly over the last few days. It is currently at 52.3%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.api.onfinality.io%2Fpublic-ws#/staking