This referendum configures the broker and collator selection pallets on the Coretime Chain. It is a follow up to
1143 and 1107 and is the last step in the transition of the Polkadot network to Agile Coretime.
It is set to enact at block 22602000 at the earliest, which falls just after 0900 UTC on 2024-09-19. This is to ensure that it will pass after 1143 even if this is highly backed.
More information about the calls:
The desired candidates and candidacy bond are set to 7 and 1000 DOT respectively to bring them in line with other Polkadot System Parachains.
The broker pallet is configured using the following config:
{
advanceNotice: 10
interludeLength: 50,400
leadinLength: 100,800
regionLength: 5,040
idealBulkProportion: 100.00%
limitCoresOffered: null
renewalBump: 3.00%
contributionTimeout: 5,040
}
which is very similar to the configuration on the Kusama Coretime Chain, but with a longer lead-in period (and thus shorter fixed-price period at the end of the sale).
The sales are started with 5 cores on the open market and a target price of 10 DOT. This means that the price at the start of the lead-in period will be 100 DOT, decreasing according to the pricing curve through the lead-in period. This also means that leases ending in this period will be allowed to renew at 100 DOT.