calls

Council motion #62

Council motion #63

Council motion #60

Council motion #61

proposal

Untitled - motion #59

Untitled - motion #58

- This is a proposal to upgrade a computer program called Zeitgeist.
- The upgrades are called v0.5.1 and v0.5.2.
- They have been tested on a test version called Battery Station and are working well.
- There was a problem with paying fees using different currencies, but it has been fixed.
- The upgrades will be authorized one after the other with a 24-hour gap in between.

Upgrade to v0.5.1 (spec_version 54) and v0.5.2 (spec_version 55)

Remove Hutch and sea212 from Council

Remove sea212 from technical committee

Set yearly inflation caused by the collation system to 4.2%

Set yearly inflation caused by the collation system to 4.5%

Register Tether USD (Polkadot AssetHub)

Register USD Coin (Polkadot AssetHub)

SubSquare has proposed to reduce the yearly inflation of the collator system from 5.0% to 4.5%. They previously tried to reduce it to 1.5%, but it was rejected. A reduction is still necessary to maintain a healthy inflation and shift inflation to other systems within the Zeitgeist protocol. The Court system is about to be launched as part of the protocol.

- SubSquare is a system that uses tokens.
- There was a vote to reduce the amount of tokens made each year, but it didn't pass.
- They are trying again to reduce the amount of tokens made each year.
- This time, they want to reduce it by 2.5% instead of 1.5%.
- This will make it so people who have tokens will earn about 10% more each year.

Set yearly inflation caused by the collation system to 2.5%

Reduce court yearly inflation to 0.1%

Register GLMR (Moonbeam)

Register campaign asset WSX and fund wallet

Upgrade to v0.5.0 (spec_version 53)

- A proposal has been made to register an asset called `WSX` for a campaign called "Washington Stock Exchange".
- `WSX` cannot be transferred via XCM because it is registered as a foreign asset without a `MultiLocation`.
- The runtime can handle fees for foreign assets, so it is possible to pay fees using `WSX`.
- The existential deposit for `WSX` is `1,000 WSX`.
- The funded wallet for `WSX` is `dE4MuhyTywNEKvF2axfhwL5DDjKh1HYaxfUqwTWJZ47kYhZsS` and the funding amount is `22,000,000,000 WSX`.

- The collation system causes inflation of 5% per year.
- This proposal aims to reduce the total inflation caused by the collation system to 1.5% per year.
- This will reduce the expected monthly revenue per collator to $85 and the average delegator APR to 6%.
- Some of the gained inflation potential will be utilized for the Court system.
- More information can be found at the Collator System Inflation Document.

Set yearly inflation caused by the collation system to 1.5%

1. A bug was found in the Zeitgeist runtime.
2. A fix for the bug has been created and needs to be deployed.
3. The code for the fixed runtime is private and will be made public after deployment.
4. To check the fix, some commands need to be run.
5. The value of "BLAKE2_256" needs to match the parameter in the `parachainSystem.authorizeUpgrade` call.

Council Motions