Polkadot Digest 4 Sep 2023

Polkadot News

Referendum 110, proposing several changes to the validator configuration including having all validators in the active set be involved in parachain validation, has passed and executed. https://polkadot.polkassembly.io/referenda/110

Among other changes, Referendum 110 should noticeably reduce the variance of (i.e. “smooth out”) staking rewards for validators and nominators.

Referendum 130, cancelling the old obsolete auction schedule determined by Gov1, has been confirmed. https://polkadot.polkassembly.io/referenda/130

Referendum 136, proposing a tip for Bryan Chen for designing and implementing RFC-14, is open for vote. https://polkadot.polkassembly.io/referenda/136

RFC-14 proposes a set of changes to the parachain lock mechanism, making it easier for parachains to recover from certain problems such as bad genesis Wasm without relying on relay chain governance. https://github.com/polkadot-fellows/RFCs/pull/14

Interested in developing on Polkadot? There’s a good list of resources in this Twitter thread - https://twitter.com/PolkadotDevs/status/1696578088077799602

The staking rate on Polkadot continues to increase and is now at 48.93%. https://staking.polkadot.network/#/overview

Note the staking rate has a direct impact on inflation, Treasury funding, and staking rewards. For details, see the Wiki: https://wiki.polkadot.network/docs/learn-staking-advanced#inflation

Kusama News

There was an issue in Kusama on Friday where parachain blocks were not produced for a period of time. Referendum 263 was proposed, passed, and executed, and has fixed the issue. https://twitter.com/kusamanetwork/status/1697639214035124624

Kabocha has won the most recent parachain lease auction. https://parachains.info/auctions/kusama

With the Ending Period beginning tomorrow, Virto Network is in the lead in the current parachain lease auction. https://parachains.info/auctions/kusama