proposal

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.

Mitigate critical bug

- A proposal is being made to create a new token called WSX.
- WSX will be used in a campaign and can be used to pay fees.
- This will make it easier for people to participate in the campaign.
- 10,000 WSX will be given to an account owned by Zeitgeist.
- After the campaign, the WSX token will be removed from the list of foreign assets.

Register campaign token WSX

Upgrade to v0.4.1 (spec_version 50)

Upgrade to v0.4.0 (spec_version 49)

- SubSquare is upgrading their system to v0.4.0.
- To send XCM, `polkadotXcm.safeXcmVersion` needs to be configured properly.
- XCMv2 is currently being used, but with v0.4.0, XCMv3 will be deployed.
- Message format V1 will be deprecated and V2 will be the safe default.
- If `polkadotXcm.safeXcmVersion` is not configured properly, XCMs cannot be sent.

Set safe default XCM version to 2

Propose upgrade to v0.4.0 (spec_version 49)

Elara is a project by Patract Hub that aims to provide developers with a unified access layer based on Substrate multi-chain. It will be used as part of the smart contract development service and will be integrated with other components of the Patract toolchain in the future. Elara will be Polkadot’s infrastructure, allowing developers to focus on building upper-level applications.

Elara v0.2 will implement account space features, support the creating and management of multiple projects under the developer’s account space, provide developers with detailed access statistics features on the single project dimension, and officially launch https://elara.patract.io, providing the community with public access services to the Polkadot mainnet.

The development work of Elara v0.1 has been finished on time, and the proposal focuses on Elara v0.2, which will take 5 weeks to develop.

Elara v0.2 will include UX Design & Project Management, Development, Integration, and Testing. The total cost of Elara v0.2 will be $35,200, and the Treasury Proposal will be 7333 New DOT.

Developers can use Github account to log in to the developer account space from https://elara.patract.io, create new projects and access related API keys under the account, access the Polkadot node in Elara through Http and web-socket protocols, view the monitoring statistics of the projects on the day and the recent weeks, and view the relevant monitoring statistics from the Elara dashboard.

calls

Patract Hub’s treasury proposal for Elara v0.2

Propose external: Authorize runtime upgrade v0.3.10 (spec_version 47)

Elara is a new project in the Polkadot ecosystem that helps developers access different blockchains. It is like a tool that helps them build their applications faster and easier. 

Elara will have different versions, and each version will have new features. 

The first version of Elara will help developers access the Substrate node. 

The first version will have four milestones, and each milestone will have different tasks. 

The cost of the first version will be $34,400, and it will be paid for with New DOT. 

Developers can verify the first version of Elara by watching a demo video on Youtube and checking the Github source.

Patract Labs' treasury proposal for Elara v0.1

1. There was a proposal called Referendum 7 that was supposed to be put into action.
2. However, it failed because the parameter that was needed to execute it was set to 0 instead of 1.
3. The code that was written to check the parameter did not work for 0, but it would have worked for 1.
4. Now, the person who proposed Referendum 7 is suggesting that it be proposed again with the correct parameter value.
5. They are asking the Council to pass it to the referenda queue so that it can be voted on again.

Proposal to gradually increase the number of validators

Europa is a sandbox environment for developers to create and test Substrate runtime applications and test pallet-contracts. It is inspired by Ganache, Ethereumjs-VM, and Buidler EVM from the Ethereum ecosystem. 

Europa's future plans include having an independent runtime environment, modifying the contract module level to provide more information, and improving the development experience. 

The detailed design of v0.1 includes implementing an independent runtime executive environment, a local database, a block packing function, and RPC functions. 

The cost of v0.1 is estimated to be $37,800, and it will require 18 developers for 6 weeks. 

Europa's v0.1 can be verified through a Youtube demo video and the Github source. It can start from different workspaces, receive extrinsics, interact with Redspot, and use RPC to jump over some blocks and revert to a specified height to revert states.

Patract Labs' treasury proposal for Europa v0.1

Bware Labs provides a service called BlastAPI that supports Moonbeam, Moonriver, and Moonbase alpha networks. This service helps blockchain developers bypass the challenges of running their own infrastructure, reducing both their outage risks and infrastructure costs. The total cost for supporting these networks is $8000 per month, payable 80% in Moonbeam Network (GLMR) and 20% in Moonriver (MOVR) Tokens. BlastAPI offers a multi-region architecture that ensures optimal routing of user requests to the closest point of presence relative to where a call is generated. The service availability is at least 99.9%, and there is 24/7 monitoring and alerting for reduced downtime. BlastAPI also provides on-call engineering support and developer support on Bware Labs Discord Channels.

Blast support for Moonbeam, Moonriver, and Moonbase alpha (Jan-Mar 2023)

SubSquare has proposed to add DOT as a foreign asset on Zeitgeist and allow it in pools to tackle liquidity issues. DOT is worth 7 billion dollars and can be used in markets without further adjustments. DOT integration was tested on all technical levels and received approval to move forward on the mainnet. You can see and interact with the prediction market that uses (fake) DOT as a base asset. When receiving DOT from Polkadot on Zeitgeist, fees are charged in DOT. The amount of DOT charged is specified as `143120520` times the fees in ZTG.

proposalHash

Register DOT and enable it as a prediction market base asset

Send open HRMP channel request with Moonbeam

Accept HRMP channel from HydraDX

- A vote was taken to open a channel request to HydraDX and it passed.
- The XCM was executed but the channel was not opened because there wasn't enough money in the account.
- The account has now been funded and the XCM can be resent.
- The channel will allow for communication between Zeitgeist and HydraDX.
- The situation has been resolved and the channel will be opened soon.

Init HRMP open channel request to HydraDX

- The proposal wants to connect with HydraDX through a channel.
- The connection needs approval from both governance bodies.
- A test was done before moving Battery Station to Rococo.
- The proposal has a code that will be executed by Polkadot.
- The code will initiate the opening of a channel with specific settings.

Council Motions