Origin for signaling that the network wishes for some change

wish_for_change

- 200,000 DOT was taken due to problems with a voting proposal from Parallel Finance.
- The team was surprised by Parallel Finance's lack of knowledge about Polkadot's staking.
- Parallel Finance announced they will not give all cDot back to users and will provide limited swap options.
- They also changed their CEO and are shutting down their main service by August 1, 2025.
- There are calls for the community to keep evidence of Parallel Finance's actions, as investigations are ongoing.
- The team warns about possible theft of user funds and encourages legal reporting of the issue.
- They believe the tech-fellows misunderstood the whitelist proposal which allowed this situation to happen.

TimedOut

Parallel Finance Round Two; Is Polkadot Tech-fellows over-involved?

- Centrifuge is planning to create a new version called Centrifuge V3.
- This new version will be based on an EVM (Ethereum Virtual Machine) and work across multiple blockchains.
- The goal is to grow the Real World Asset (RWA) market and improve the way assets and investors connect in DeFi (Decentralized Finance).
- If approved, Centrifuge V3 will change from using Polkadot to this new EVM-based system.
- The Polkadot Community Foundation is holding back funds until they are sure Centrifuge will continue to exist on its platform.
- Future choices about where Centrifuge operates will depend on the results of discussions and proposals related to this new version.

Based on a current discussion around Centrifuge&rsquo;s future development, its community has opened CP141: to initiate the development of Centrifuge V3, a multi-chain, EVM-based protocol
<a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a>
Abstract: This proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a multi-chain system, this next-generation protocol will introduce features such as chain abstraction, modularity for diverse assets and investors, and enhanced composability with DeFi. The protocol will also migrate governance and CFG token support to an EVM chain, aligning with the ecosystem where the majority of Centrifuge&rsquo;s activity already resides. This initiative positions Centrifuge to lead the rapidly growing RWA space and meet the evolving needs of institutions and DeFi participants.
Based on the info provided, if this proposal is accepted, the technology of Centrifuge will move from a Polkadot parachain to an EVM-based protocol. Polkadot is currently adding EVM support to Asset Hub, and Centrifuge can choose to deploy its protocol on Asset Hub once this is live. From the discussion, it is not clear whether Centrifuge will deploy its protocol on Polkadot Asset Hub or not: This wish for change proposal aims to condition the transfer of funds from PCF to Centrifuge related instruments subject to the requirement that the Centrifuge protocol is migrated to Polkadot Asset Hub, with special attention to past approved proposals on relay chain governance.
<a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a>
WFC: The Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under <a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a> until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of <a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a> and subsequent discussions / proposals in Centrifuge governance.
&nbsp;
The system.remarkWithEvent has been hashed due to being too long, you can verify it by checking the preimage&nbsp;
0xfb2f0a1ed92ce82767ce65e8294296c39ad5e7ecbbd3c130ccde890b5700c32d Or you can see the plain text on SubSquare:&nbsp;
<a href="https://polkadot.subsquare.io/referenda/1441">https://polkadot.subsquare.io/referenda/1441</a>
system.remarkWithEvent: 
Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under <a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a> until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of <a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a> and subsequent discussions / proposals in Centrifuge governance.
&nbsp;

Polkadot Community Foundation: Conditions on transferring funds to Centrifuge-related instruments

- The proposal outlines how the Marketing Bounty (MB) can work with service providers (SPs) for marketing projects related to Polkadot.
- The Polkadot Community Foundation (PCF) will act as the legal partner for these contracts.
- The MB helps SPs who need a legal address or payments in regular money (fiat).
- A special account called a "legal fund" will be created to manage costs for contracts and payments to SPs.
- Standard contracts will be made to save time and money, but custom contracts can be created if needed.
- The PCF will set up an account to manage payments and will work with the MB on contract processes.
- All agreements must follow the law in the Cayman Islands and Polkadot's rules and goals.

Executed

Polkadot Community Foundation: Allow the Marketing Bounty to Execute Formal Contracts through the Polkadot Community Foundation

- The writer suggests setting aside 1 million DOT (a type of cryptocurrency) to buy Bitcoin.
- Bitcoin is seen as very important and valuable in the world of digital money.
- Many people started using cryptocurrencies because of Bitcoin, which has gained trust and acceptance.
- There are new ways for companies and states to invest in Bitcoin.
- The idea is to help keep the treasury's value steady and provide security if needed.
- The goal is to buy Bitcoin but not sell it, to increase the overall value of their investments.
- The writer asks for help with the details of how to do this safely and effectively.

Wish for Change | Polkadot Treasury Bitcoin Strategic Reserve

### Summary
This proposal aims to increase Polkadot's visibility by requiring teams funded by the Polkadot Treasury to display the Polkadot logo on their websites, products, and social media. 

- Teams must show the logo as long as their project is active.
- They should specify where and how they will display the logo in their funding proposals.
- Teams can choose from phrases like "Funded by Polkadot" or "Powered by Polkadot."
- The Polkadot Brand Hub provides design guidelines.
- This rule applies to future funding requests but encourages past recipients to follow it.
- Exceptions can be made for cases where displaying the logo is not possible.

The goal is to boost Polkadot's brand awareness and show its support for funded projects.

Wish For Change | Polkadot Branding Guideline

### Quadratic Funding in Polkadot

- **Purpose**: Introduce quadratic funding (QF) as an alternative to the current treasury spending model in the Polkadot ecosystem.
- **How it Works**:
  - Projects share a fixed public fund pool.
  - Community votes, calculated by the weighted square root of donations, determine the final distribution.
- **Benefits**:
  - Reduces the influence of large token holders.
  - Encourages broader community support.
- **Challenges**:
  - Potential for Sybil attacks (fake accounts).
  - Incentivizing donations when a public fund pool exists.
- **Implementation**:
  - Funding rounds with predetermined budgets.
  - Projects apply and are reviewed by curators.
  - Communities donate assets, and funds are distributed via child bounties.
- **Reputation System**:
  - Addresses have voting weights based on on-chain and off-chain activities.
- **Audit**:
  - Transparent fund distribution and voting weight information.
- **FAQ**:
  - QF is an alternative to, not a replacement for, OpenGov treasury funding.
  - Projects can apply for both QF and OpenGov funding.
  - Whales benefit from QF by improving treasury spending decisions.

Introduce quadratic funding to the polkadot treasury spending

**Proposal: 5% Minimum Validator Commission Fee for Polkadot**

- **Purpose**: To ensure sustainability for smaller validators and maintain decentralization.
- **Motivation**: 
  - Increased validator set and reduced inflation have lowered rewards.
  - Rising hardware costs and larger database sizes make operations more expensive.
  - Validator earnings have dropped by 56% in the past year.
- **Proposal**: Set a minimum commission fee of 5% for validators.
- **Benefits**:
  - Encourages smaller operators to participate, enhancing decentralization.
  - Helps validators cover rising operational costs.
  - Aligns Polkadot with Kusama's practice, ensuring economic sustainability.
  - Improves network security and performance with better hardware.

Set a 5% Minimum Validator Commission Fee for Polkadot

Polkadot OpenGov has specific rules for bounties to make sure money is spent well. Here are the main points:

- Bounties need clear goals to show the community what they plan to achieve.
- Bounties can ask for money once every three months and must include detailed budgets and reports.
- People managing the bounties (curators) must have verified identities and report any issues honestly.
- All spending must be transparent, with regular updates on the project's progress.
- Recipients of the bounty funds also need to confirm they're not asking for payment for the same work more than once.
- Transparency includes having easy-to-find information, like an overview page and monthly updates.
- These rules help ensure that bounties are managed fairly and everyone knows how money is being spent.

Polkadot OpenGov sets standards for bounties. Bounties must have clear objectives, request funding quarterly, and provide transparency reports. Curators and recipients must have verified on-chain identities. Transparency materials include an overview page, spending policy, child bounties table, monthly progress summary, and quarterly financial statement. The proposal does not prescribe success metrics, end dates, or a dedicated website. Transparency requires both summary and detail, and summaries can be short bullet points.

Bounty Compliance Standards 1.0

### Acurast Proposal Summary

- **Proposal**: Acurast seeks approval for inclusion in Polkadot's marketing narratives.
- **Current Status**: Acurast Canary testnet is active on Kusama with 17,000+ phones and 84M+ transactions.
- **Future Plans**: Acurast plans to launch its mainnet on Polkadot soon.
- **Recent Proposals**: Acurast is following other recent proposals like Moonbeam, Hydration, Novasama, and Centrifuge.
- **Requirement**: Specific approval is needed for continued inclusion in marketing narratives via OpenGov.
- **Links**: More info at [Acurast Website](https://acurast.com) and [Acurast Docs](https://docs.acurast.com/).

WHO: Acurast
WHAT: Place an on-chain remark for inclusion in Polkadot Bounty #33 marketing narratives
PRICE/TIMEFRAME/RESOURCES: Not specified

Inclusion of Acurast in Marketing Narratives

To Be Timed Out

**Polkadot Address Format Proposal Summary**

- The proposal wants to make addresses easier to understand across the Polkadot network.
- Right now, over 150 different address types confuse users.
- The idea is to use one main address style with Prefix:0, making it clear which chain users are on.
- This will help prevent mistakes when sending assets to the wrong chain.
- Guides and tools will be created to help everyone move to this new system smoothly.
- Wallets and apps will also need to update to support this change.
- Overall, it will make using Polkadot easier and better for everyone.

[ Wish for change ] Unifying Polkadot Ecosystem Address Format

- The proposal suggests setting a maximum amount of $DOT coins, like the number Pi (3.14), to limit inflation.
- Inflation would be based on the difference between the current supply and the maximum supply, with a 10% growth each year.
- This approach aims to provide a clear path for inflation over the next 5-10 years and avoid yearly changes.
- The proposal is seen as a complete plan that builds trust with investors because it prevents the supply from doubling every seven years.
- The author suggests changing Pi to Euler's number (about 2.72) for a smaller maximum supply, aligning with community preferences.
- Voting for this plan means agreeing with the inflation reduction idea from Gavin Wood, the founder of Polkadot.
- If the plan passes, it will not cause immediate changes but show the community's desires for the future.

Inflation decreasing - Gavin Wood vision

- A proposal suggests creating a KYC/DID system for people involved in OpenGov, like Helpers, Ambassadors, and Curators.
- This system aims to reduce bad behavior and support those who truly want to improve the community.
- The proposal allows developers to decide how to best integrate this system.
- KYC is used here in a different way to mean making sure people are who they say they are.
- The plan includes using existing tools to keep things safe until a new system is ready.

Inroduce KYC/DID for HA and Bounty Curators

- The proposal suggests making the polkadot.com website's source code open source.
- This would promote transparency, security, and collaboration in the project.
- Developers could contribute improvements and find security issues.
- It would align with Polkadot's decentralized principles.
- The community can vote on this proposal to decide its future.
- Open-source code helps ensure the website is secure and well-maintained.
- This move is in line with the principles of blockchain technology.
- The decision will be made based on community feedback and votes.

WHO: Polkadot community
WHAT: Gauge opinion on making polkadot.com website source code open-source
PRICE/TIMEFRAME/RESOURCES: Not specified

[Wish For Change] Referendum #1157 - Make polkadot.com code, open source

Polkadot's Economics Parameters: Proposal 4 (5% constant total inflation)

Test

### Wish for Change (WFC) Referendum

- **Purpose**: To gather token holders' opinions on updating Polkadot's economic parameters.
- **Key Changes**:
  - Fixed treasury inflow.
  - No adjustment of staking rewards based on staking rates.
  - Potential reduction in overall inflation.
- **Community Discussions**: Several forums and livestreams have discussed these changes.
- **Rules**:
  - Only executed WFCs can be candidates.
  - The WFC with more AYE votes (weighted) is preferred.
  - WFCs should ideally run in parallel.
- **Non-Binding**: The referendum doesn't force changes; it aggregates voter opinions.
- **Outcome**: A root referendum will implement the winning WFC's logic.
- **Current Proposal**: 8% total inflation with 15% to the Treasury, leading to gradually decreasing inflation.

Polkadot proposes a Wish for Change (WFC) referendum to gather token holders' sentiment on implementing a fixed treasury inflow, removing staking rewards adjustment, and potentially reducing inflation. The referendum is not binding but aims to aggregate voters' opinions. This proposal suggests setting an 8% total inflation on a fixed total issuance, with 15% diverted to the Treasury, leading to gradually decreasing inflation over time. The timeframe and resources are not specified.

Polkadot's Economics Parameters: Proposal 3 (8% total inflation in the first year, then gradually decreasing)

### Summary of the Wish for Change (WFC) Referendum

- **Purpose**: The WFC referendum aims to gather token holders' opinions on proposed updates to Polkadot's economic parameters.
- **Key Changes**:
  - Implement a fixed treasury inflow.
  - Remove adjustments to staking rewards based on staking rates.
  - Potentially reduce overall inflation.
- **Community Discussions**: There have been extensive discussions on forums and livestreams about these changes.
- **Rules**:
  - Only executed WFCs can be considered candidates.
  - The WFC with more AYE votes (weighted by conviction) is preferred.
  - WFCs should ideally run in parallel.
- **Non-Binding**: The WFC referendum is not binding; it aggregates voter opinions through OpenGov.
- **Future Steps**: A root referendum will be proposed after the WFCs to implement the winning WFC's logic.
- **Proposed Parameters**:
  - Max staker reward: 85%
  - Max inflation: 8%
  - Min inflation: 6.8%
  - Remark: 8% constant total inflation with 15% to Treasury.

Rejected

Polkadot proposes a Wish for Change (WFC) referendum to gather token holders' opinions on proposed updates to economic parameters. The changes include a fixed treasury inflow, removal of staking reward adjustments, and potentially reducing overall inflation. The WFC cannot be binding, and the winning proposal will be implemented in a root referendum. The proposed parameters for this WFC are a maximum staker reward of 85%, maximum inflation of 8%, and minimum inflation of 6.8%, with 15% going to the treasury.

Polkadot's Economics Parameters: Proposal 2 (8% constant total inflation)

### Summary of the Wish for Change (WFC) Referendum

- **Purpose**: The WFC referendum aims to gather community sentiment on proposed updates to Polkadot's economic parameters.
- **Key Changes**: 
  - Implement a fixed treasury inflow.
  - Remove adjustments to staking rewards based on staking rates.
  - Potentially reduce overall inflation.
- **Community Discussions**: Extensive discussions have taken place on forums and livestreams.
- **Rules**: 
  - Only executed WFCs can be candidates.
  - The WFC with more AYE votes (weighted) is preferred.
  - WFCs should ideally run in parallel.
- **Non-Binding**: The referendum does not force chain updates but aggregates voter opinion.
- **Outcome**: The goal is to implement the winning WFC's logic in a root referendum.
- **Current Proposal**: Voting AYE supports keeping total inflation at 10% with a constant 15% Treasury inflow.

WHO: Polkadot community token holders
WHAT: Vote on implementing a fixed treasury inflow and potentially reducing overall inflation
PRICE/TIMEFRAME/RESOURCES: None specified, referendum is non-binding and serves as a method to aggregate community opinion. Winning proposal will be used as a basis for a root referendum.

Polkadot's Economics Parameters: Proposal 1 (10% constant total inflation)

- This proposal suggests including Centrifuge in marketing narratives funded by Polkadot Bounty #33.
- Centrifuge is a platform that can be found at [centrifuge.io](https://centrifuge.io/).
- The proposal follows recent referendums:
  - Referendum 801 (Moonbeam)
  - Referendum 834 (DED)
  - Referendum 854 (Hydration)
  - Referendum 862 (Novasama Technology)
  - Referendum 1020 (Bifrost)
- These referendums show that continued inclusion in marketing requires approval through OpenGov.

WHO: The proposer
WHAT: To include Centrifuge in marketing narratives funded by Polkadot Bounty #33
PRICE/TIMEFRAME/RESOURCES: Not specified

Inclusion of Centrifuge in Marketing Narratives

### Summary of the Referendum

- The referendum proposes increasing the recommended core count for reference hardware from 4 to 8.
- This change would start in January 2025.
- The Polkadot binary is a multithreaded program that benefits from more hardware cores.
- Currently, the minimum hardware requirement is 4 cores with SMT disabled.
- With async backing enabled, parachains can produce larger blocks, increasing execution time.
- Validators need to check relay chain blocks and parachain blocks, which requires more CPU cores.
- Raising the core count to 8 is intended to prepare for future network growth.
- The Polkadot binary will continue to run with a warning if the hardware does not meet the new requirements.

Polkadot proposes to increase the recommended core count for reference hardware from 4 to 8 for validators starting January 2025, to prepare for future usage increase. No change in behavior for machines not meeting requirements.

Increase recommended core count for validators reference hardware from 4 to 8

The Polkadot Halving is a proposal to reduce the inflation rate of DOT by 50%. Here are the key points:

- The goal is to see if the Polkadot community wants to lower the DOT inflation.
- It aims to create excitement and awareness about the "Polkadot Halving."
- This idea is inspired by the Bitcoin Halving, which is well-known and happens every four years.
- If agreed upon, future proposals for more halving will be made after each Bitcoin Halving.
- The exact date for the Polkadot Halving will be decided by the community within three months.
- The proposal focuses on building community involvement and long-term planning. 
- Everyone is encouraged to share their thoughts on this proposal.

WHO: The Polkadot community.

WHAT: Reduce the inflation rate of DOT by 50% and drive the "Polkadot Halving" narrative across all marketing channels.

PRICE/TIMEFRAME/RESOURCES: Not specified.

LONG-TERM VISION: Establish a recurring following each BTC halving where the community votes on whether to halve the supply again.

The Polkadot Halving

- The proposal is about including Bifrost's products in a marketing project funded by Polkadot.
- Bifrost is a top liquid staking protocol for Polkadot and Kusama.
- vDOT is a special version of Bifrost that can be used for voting and as collateral in different vaults.
- Bifrost works with many other networks and teams to boost collaboration.
- They have important applications like the Bifrost dapp and Omni LS.
- The goal is to support the Polkadot ecosystem and help it grow.
- This proposal follows several other important votes to improve marketing partnerships.

WHO: Bifrost
WHAT: Inclusion of Bifrost's products in marketing narratives funded by Polkadot Bounty #33 - Marketing Bounty
PRICE/TIMEFRAME/RESOURCES: Not specified

Inclusion of Bifrost Products & Solutions in Marketing Narratives

root

whitelisted_caller

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 Wish For Change

Origin able to dispatch a whitelisted call.

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.

[2] Origin: WishForChange