Polkadot Digest 2 Nov 2023

Polkadot News

The next parachain lease auction begins 5 Nov, at block 18_028_800. https://parachains.info/auctions

There are already several crowdloans open for this parachain lease auction, with Parallel currently being in the lead. https://cloudflare-ipfs.com/ipns/polkadot.dotapps.io/#/parachains/crowdloan

Referendum 231, proposing acquiring USDT for the Polkadot Treasury via the HydraDX Omnipool, is now up for vote on the Root track. https://polkadot.polkassembly.io/referenda/231

Referendum 211, proposing to upgrade Polkdaot to runtime v1_000_000, is currently passing with 79.3% in favor. https://polkadot.polkassembly.io/referenda/211

After an increase over the last week, the Polkadot staking rate has slightly decreased to 50.3%. https://staking.polkadot.network/#/overview

Note that this has an effect on staking rewards. For details, see https://wiki.polkadot.network/docs/learn-inflation

With the ending of another Spending Period, one percent of the Polkadot Treasury (~ 442_282 DOT) has been burnt. https://polkadot.subscan.io/block/17971200?tab=event&event=17971200-114

This is a part of the protocol to encourage use of Polkadot Treasury. For details, see https://wiki.polkadot.network/docs/learn-polkadot-opengov-treasury#treasury-inflow-and-outflow

Kusama News

With less than a day left to go in the current parachain lease auction, Zero is currently in the lead, and has been for the majority of the Ending Period. https://parachains.info/auctions/kusama

However, Shiden Network has also been in the lead for ~ 16.2% of all blocks in the Ending Period.

The staking rate on Kusama continues to slowly decrease and is now at 53.29%. https://staking.polkadot.network/#/overview

Clarification on Ref 231, above:

Referendum 231, proposing to convert DOT from the Polkadot Treasury to USDT to use for Fellowship salaries, is up for vote. The referendum uses the HydraDX DCA feature over a period of 180 days.