root

- There was a problem where an attacker took control of some important keys, preventing funds from being accessed.
- To fix this, a plan was made to move the funds to a safe account that no one controls.
- The plan involves two main steps: first, stopping the attacker's control, and second, sending the funds back to users later.
- They have a limited time of 16 days to act and need to pass a new proposal quickly.
- They worked with experts to ensure the plan is secure and well-reviewed.
- The proposed changes include removing the attacker's access and securing the affected funds.
- Tests show that their strategies were successful in a practice environment, helping them regain control and protect the money.

Confirming

Emergency Response Plan for Securing 200,000 DOT

TimedOut

please ignore

- An attacker stole over 312,185 DOT and 126,837 USDT from a parachain.
- The attacker gained control by upgrading the runtime with malicious code.
- They moved most of the stolen funds to exchanges and sold them for XMR.
- The attacker still has control over the parachain, putting more DOT at risk.
- A runtime upgrade is needed to stop further losses and secure user funds.
- The upgrade will restore control and remove the attacker's privileges.
- Efforts are being made to recover stolen funds and improve security.
- The community is being kept informed and encouraged to provide feedback.

Executed

Critical Runtime Upgrade to Prevent Further Exploitation

Parallel Finance is a project involved in governance issues within the Polkadot community. Here's a summary of recent events:

- A proposal was made to not return control to the Parallel Finance team due to evidence of fraud.
- The team is suspected of performing illegal activities, including the secret minting and burning of tokens.
- They are reported to have removed their identity to hide their actions but records of their activities are still available.
- Several accounts linked to Parallel Finance are potentially involved in these illicit operations.
- It is believed that over $16 million worth of assets might be affected.
- The community will decide what steps to take next regarding these findings.

Subject: Parallel Finance Guilty- Request for Investigation

- Some projects can't access their Polkadot OpenGov funds on Asset Hub because the pure proxy multisig setup only works on the relaychain.
- To fix this, the setup needs to be replicated on Asset Hub using guidelines by Basti, a Polkadot Technical Fellowship Grand Architect.
- Projects with inaccessible funds include Heroic, PBA, Polytope Labs, and the Social Media Editorial Board.
- The Social Media Editorial Board recently received their funds after a referendum was submitted.
- A new referendum is being resubmitted with an updated call to help other projects access their funds.
- The pure proxy setup has been tested on Asset Hub using Chopsticks.
- A screenshot shows the successful test of the pure proxy setup on Asset Hub.

Pure Proxy Replication for accounts with inaccessible funds on Asset Hub

[DO NOT PLACE DECISION DEPOSIT] Check the new referendum submitted

- The Polkadot Ambassador Fellowship Manifesto aims to improve a program based on community feedback and past experiences.
- It focuses on learning from mistakes and creating a strong plan for the future.
- The manifesto emphasizes teamwork and community support instead of competition.
- It seeks to rebuild shared values and principles to bring people together.
- The program is designed to be easy to join, but also organized and structured.
- It invites everyone to participate and helps them find their own paths in the community.
- The goal is to create a strong, decentralized community that lasts over time.

The Polkadot Ambassador Fellowship

Please reject/ignore.

[Root] Please reject/ignore

- A new referendum proposes converting part of Polkadot Treasury's DOT assets into stable coins (USDT and USDC).
- Similar to Referendum 457, it uses Hydration's DCA feature to sell a fixed amount of DOT daily.
- The conversion plan spans one year.
- Unlike Referendum 457, this proposal sells a fixed amount of DOT per trade, not a fixed amount of stable coins.
- For more details, methodology, and calculations, see the [proposal document](https://docs.google.com/document/d/113gRdJ-LxqbzhSZZOewL1XPLINjOG0oFtNM9IZVQFX8/edit).

WHO: Polkadot Treasury

WHAT: Gradually convert part of DOT assets into stable coins (USDT and USDC) using Hydration's DCA feature to sell a fixed amount of DOT per day.

PRICE/TIMEFRAME/RESOURCES: Not specified. Refer to the proposal doc for more details.

Convert Part of DOT Assets to Stablecoins

- Current designs of DAOs use money from speculation.
- This money can cause problems instead of helping.
- The system does not work well for everyone.
- A new idea is to create special tokens that are not easily sold.
- This will help people use a stable type of money called a stablecoin.
- The goal is to keep the money and benefits within the community.

WHO: Not specified
WHAT: Proposing an alternative approach to current DAO designs by minting illiquid/vesting network token for on-chain impact and driving economic adoption of native stablecoin issued by Brale with yield staying within ecosystem.
PRICE/TIMEFRAME/RESOURCES: Not specified.

forceSetBalance treasury to 0

### Proposal Summary

- **Objective**: Reduce the minimum balance (minBalance) of USDT and USDC on AssetHub from 0.07 to 0.01.
- **Context**: Following the successful launch of Novasama's Telenova app, discussions aim to make Polkadot surpass competitors like Solana and Tron in stablecoin payments.
- **Proposed Changes**:
  - Lower minBalance of stablecoins to $0.01.
  - Reduce transaction fees on AssetHub by a factor of 10.
  - Achieve sub-1-second block times through Elastic Scaling.
- **Impact**: These changes, combined with apps like Telenova, could make AssetHub (and Polkadot) the preferred platform for fast, cheap, and reliable stablecoin transfers.
- **Testing**: The proposal was tested successfully using Chopsticks by experienced developers.

**Proposal to reduce the minimum balance of USDT and USDC on AssetHub to $0.01 from $0.07 to improve stablecoin payments and transfers on Polkadot.** This proposal is part of a larger plan to reduce transaction fees and block times on AssetHub and make Polkadot a hub for cheap, fast, and reliable stablecoin transfers. The proposal was tested successfully and prepared by a member of the Fellowship.

Reduce minBalance of USDT/C to 0.01

lol - NAY

- There is a referendum about giving money to the Fellowship sub-treasury.
- The plan is to send 2 million DOT from the main Treasury.
- The amount was increased from 1 million to 2 million based on feedback.
- The Fellowship can directly approve funding proposals.
- Teams with technical projects can ask for support from the Fellowship.
- Other groups can also give proposals from their own sub-treasuries.
- Future changes could help automatically send money to sub-treasuries.

WHO: Polkadot community

WHAT: Referendum to send 2 million DOT from the "main" Treasury to the Core Fellowship sub-treasury for direct funding proposals

PRICE/TIMEFRAME/RESOURCES: Not specified

Funding the Technical Fellowship Sub-Treasury

PLEASE VOTE NAY

Root Proposal Summary

- The proposal is being resubmitted because it is important and addresses privacy concerns.
- It is not just about spending money; it has bigger meanings that need to be thought about carefully.
- The root track is the best place to share this important idea.
- Improvements based on community feedback include:
  - Helping new users on Moonbeam more.
  - Upgrading support from Gold to Platinum.
  - Doubling support hours from 200 to 400.
  - Tripling the training capacity from 10 to 30 people.
  - Increasing investigation licenses from 5 to 7.

Cancelled

WHO: The proposal does not specify a particular organization or individual.

WHAT: The proposal outlines improvements to a previous referendum, including prioritizing onboarding for Moonbeam, upgrading support tier, doubling ongoing case support hours, tripling training capacity, and increasing investigation licenses.

PRICE/TIMEFRAME/RESOURCES: The proposal does not specify a particular cost or timeframe for implementing the improvements.

Chainalysis analytics solutions on Polkadot Network

VOTE NAY, WRONG PRE-IMAGE

- Some important decisions in a system should not be delegated to others.
- The Root track, Wish for Change track, and Treasurer track are very important and should not be delegated.
- Delegation is good for less important tasks but risky for critical ones.
- Important decisions, like marriage or divorce, should not be handled by someone else.
- This is to protect the system and make sure important decisions are made carefully.
- It’s not about targeting anyone, but about keeping the system safe.

Proposal: Do not allow delegations on Root, Wish for Change, and Treasurer tracks due to their vital importance. Trusting a third party for such critical actions is risky. This is not targeted at DV, but rather to protect the system's integrity. No specific price/timeframe/resources mentioned.

error - vote NAY

### Phala Network Referendum Summary

- **Purpose**: To transfer $PINK tokens from Phala's sovereign account on Polkadot to a sibling account on AssetHub.
- **Background**: Phala received 18,862,885 $PINK tokens from the PINK team, but mistakenly provided the wrong account.
- **Issue**: The sovereign account on AssetHub cannot be controlled directly, so the tokens cannot be moved without a referendum.
- **Solution**: A referendum is needed to move the tokens via XCM from Polkadot.
- **Outcome**: If passed, the tokens will be moved to the correct sibling account.
- **Distribution**: The tokens will be distributed to the Phala community based on a strategy proposed by the community.
- **Community Involvement**: The distribution plan was discussed and approved by the Phala community.
- **Next Steps**: Community members are encouraged to vote on the referendum.

Phala Network proposes a referendum to move $PINK from their sovereign account to their sibling account on AssetHub, to distribute it to their community. The proposal needs a referendum to send an XCM message from Polkadot, and the distribution will follow a strategy proposed by the community.

Proposal for unlocking $PINK from Phala soverign account to sibling account

### Summary of JAM Proposal

- **JAM Protocol**: A decentralized, cryptoeconomic protocol proposed as a potential replacement for the Polkadot Relay-chain.
- **CoreJam**: An early version of the JAM protocol, proposed in Polkadot Fellowship RFC-31.
- **Responsibilities**: If approved, Polkadot Fellows would be responsible for ratifying the final JAM protocol, defining tests, and ensuring compatibility with the Polkadot Relay-chain.
- **Deployment**: The Polkadot Relay-chain would halt when the JAM chain and compatibility service are ready, after professional audits.
- **Remark Call**: Approval of the proposal signals community willingness for JAM supervision by the Technical Fellowship, but no on-chain changes will occur.

Polkadot Fellows propose JAM, a decentralized protocol that could replace Polkadot Relay-chain. The proposal aims to ratify and define conformance and performance tests for the Polkadot JAM Protocol, and develop and deploy a Polkadot-Relay-chain compatibility service on the JAM protocol. The Polkadot Relay-chain should halt when the JAM chain, compatibility service, and required system parachains are ready for launch. The proposal is a remark call, signaling the community's willingness to accept the ratification and supervision of JAM by the Technical Fellowship.

Proposal for JAM Ratification, Conformance, Performance by Polkadot Fellows

- There was a hacking incident at Starlay Finance that affected many users.
- The hacker took around 200,000 DOT from the system.
- They used a special account to exploit the system and took more money than they deposited.
- The problem happened because of a mistake in calculating liquid funds in the USDC pool.
- The pool had no money for a long time, which caused calculation errors.
- Starlay Finance is asking the Polkadot community for help to recover the stolen funds.
- The team is working to fix the issues and prevent future hacks.

WHO: Starlay Finance

WHAT: Seeking support from the Polkadot community to explore viable measures to transfer all the DOT from the hacker's account to Starlay's account, following a significant hacking incident compromising Starlay Finance.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Request for transferring all the DOT from the hacker's account to the Starlay's account

whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_tipper

big_tipper

small_spender

medium_spender

big_spender

Referenda Root

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.

[0] Origin: Root