root

TimedOut

[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).

Executed

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

DAO designs today use network treasuries that start with speculation. These treasuries can cause problems and don't help people work together smarter. A new idea is to create a special type of network token that can only be used for specific goals on the network. This helps the network's own stablecoin grow and keeps the money within the network. There is a picture to help explain this idea. There is also information about similar ideas from the past.

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

We have a new proposal that is very important because it helps with privacy and other big things. We are sharing it again because we think it is a good idea. Here is where you can find more information about it:

- Complete proposal: [link](https://docs.google.com/document/d/13eaYivnnSyxfvFBItl-4u93zraJ1tPoRBGcNj8vvnf4/edit?usp=sharing)
- Previous proposal: [link](684)
- Video about the discussion: [link](https://youtu.be/OKrt2gGe4Cw)
- Questions and answers from before: [link](https://docs.google.com/document/d/1ULiTo7-pO42GbxBjI0hxMImvkXgEm5KXB09eF0zHwoo/edit?usp=sharing)

We made some changes based on what people said:
1. We will focus more on Moonbeam.
2. We will go from Gold to Platinum support.
3. We will have more help hours, from 200 to 400.
4. More people can learn, from 10 to 30.
5. We will have more licenses for investigating, 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

Starlay Finance experienced a hacking incident that compromised DOT and LDOT deposits. The hacker stole approximately 200,000 DOT. The exploit was due to an oversight in the USDC pool's liquidity index calculation, allowing the attacker to withdraw more than their initial deposit. The Polkadot community is asked to support transferring the stolen DOT from the hacker's account to Starlay's account.

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

- The Polkadot Ambassador Program helps promote Polkadot and introduce new people to it.
- There are four ranks in the program: Head Ambassador, Senior Ambassador, Ambassador, and Candidate Ambassador.
- Head Ambassadors are the top leaders and are responsible for representing Polkadot and making decisions.
- Senior Ambassadors help out and have proven their experience with Polkadot.
- Ambassadors support the community by teaching new users and creating tutorials.
- Candidates are new members who aim to become Ambassadors after approval.
- The program has its own budget, where Head Ambassadors get paid and others can request funds for projects.
- The Ambassador Program works to make Polkadot more popular and successful.

**WHO:** Polkadot network  
**WHAT:** Proposes an on-chain, rank-based, decentralized Polkadot Ambassador Program to represent Polkadot outside its existing sphere and bring new entrants into the ecosystem. The program will have four ranks: Head Ambassador, Senior Ambassador, Ambassador, and Candidate Ambassador. The Head Ambassador track will have up to 21 members, who will receive a salary of 10,000 USDT per month. The program will have an on-chain Treasury for salaries, events, and other expenses.  
**PRICE/TIMEFRAME/RESOURCES:** Not specified.

Polkadot Ambassador Program

USDT and USDC Acquisition for the Treasury

De-register parachain ID 2057

Error! Please vote NAY

**Proposal for Deregistration of Equilibrium Parachain**

- There are worries about a recent change from a project called Equilibrium, which may mislead investors.
- Equilibrium is suggesting a new token, called Q, which could harm current investors by reducing the value of their tokens.
- Only a small amount of the original tokens will be available to swap for the new Q tokens.
- The proposal claims that decisions are not clear or honest, affecting trust among investors.
- To fix these problems, the proposal suggests removing Equilibrium from being a Polkadot parachain and giving back funds to those who contributed to it.
- Polkadot token holders can vote on this proposal to help decide what happens next. 
- The goal is to protect everyone involved and keep the Polkadot ecosystem fair.

WHO: Polkadot token holders

WHAT: Proposing the deregistration of Equilibrium as a Polkadot parachain and early refund of crowdloaned funds due to concerns over a potentially deceptive tokenomics adjustment and lack of transparency in decision-making.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Proposal for the Deregistration of Equilibrium Parachain

- The Polkadot Technical Fellowship helps improve the Polkadot network.
- There is a need for better money planning for fellow salaries.
- A plan is suggested to change DOT (a type of crypto) into USDT (another type of crypto) regularly.
- This change will happen every day using something called the HydraDX Omnipool.
- The full plan has more details that can be read in a document.
- The plan involves special steps to make the changes happen smoothly.

Polkadot proposes to accumulate USDT for the Technical Fellowship's salary by placing DCA orders to swap DOT for USDT using the HydraDX Omnipool to establish a daily conversion. Full proposal details can be found in the provided link.

Polkadot Treasury USDT Acquisition

[Root] Referendum #208

Please vote against

Ameer Omar is part of the CryptoEQ team. Here are some key points about him and the company:

- CryptoEQ offers research and ratings for digital assets.
- They started in 2020 and help various clients, including companies and investors.
- Ameer is connecting with the Polkadot community to support their projects.
- They want to focus on three topics: XCMv3, OpenGov, and Blockspace.
- XCMv3 looks at how different blockchains can work together.
- OpenGov is about new ways of governance in Polkadot.
- Blockspace deals with how Polkadot creates high-quality blocks.
- Ameer shared resources to help explain their work better.

CryptoEQ proposes to provide comprehensive fundamental research on three topics to benefit the Polkadot ecosystem and the wider market. The topics include XCMv3, OpenGov, and Blockspace. The proposal's complete details are available at Polkadot | CryptoEQ Proposal. The proposal's resources include a deck showcasing reports, a DOT report, an example of a CORE+ report, and a one-pager providing an overview of the network. The proposal's value and commitment to long-term monitoring of the Polkadot ecosystem are compared to other proposals.

Featured Research Proposal: Empowering the Polkadot Ecosystem [CryptoEQ]

- Circle is a company that creates digital money called USDC.
- USDC is a stablecoin, meaning it's always worth the same as a real dollar.
- There are over $25 billion USDC coins being used right now.
- Circle checks and shares how much USDC is backed by real money every week and month.
- The company wants USDC to be used easily on a platform called Polkadot.
- This change would help more people use USDC and do transactions without needing other tokens.
- Making USDC easier to use could help Polkadot grow and attract new projects.

Circle requests Polkadot Relay Chain governance to make USDC sufficient on Polkadot, allowing it to be used to pay transaction fees and exist on accounts without DOT. This proposal can attract mainstream users and simplify user experience, expanding access to USDC liquidity and helping the ecosystem grow. No price/timeframe/resources mentioned.

Proposal for USDC Sufficiency on Polkadot Asset Hub

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whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

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referendum_canceller

referendum_killer

small_tipper

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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