Upgrade Zeitgeist to v0.6.0

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Upgrade Zeitgeist to v0.5.6

Council motion #68

Untitled - motion #59

Untitled - motion #58

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)

Reduce court yearly inflation to 0.1%

Increase active collator set size to 32

- Polkadot is a platform that allows people to nominate validators to help secure the network.
- A proposal was made to temporarily increase the nomination limit to 160 DOTs to keep the nomination ecosystem active.
- The proposal had a mistake where the numerical values were not in DOTs, but in PLANKs, the smallest unit of the DOT currency.
- The correct value for minimum nominator bond should have been set to 160 * (10^10), i.e. 1600,000,000,000.
- All values are unchanged except for minNominatorBond.

Polkadot’s Update to 160 DOTs as minimum nomination limit: A follow-up proposal fixing a unit mistake

Unlock manager account

- Zeitgeist's collation system currently causes 5% inflation per year.
- A proposal has been made to reduce the total inflation caused by the collation system to 1.5% per year.
- This proposal will reduce the expected monthly revenue per collator to $85 and the average delegator APR to 6%.
- The hardware requirements for the Zeitgeist parachain node are very low when an external relaychain node is used.
- Some of the gained inflation potential will be used for the Court system, which will be activated on mainnet in approximately one week.

Set yearly inflation caused by the collation system to 1.5%

- Shell and Statemint were working together to produce blocks on a blockchain.
- They had a problem because the keys they were using didn't match.
- They made a temporary fix by creating a new runtime that allowed them to use the keys they had.
- This fixed the problem and they were able to start producing blocks again.
- They will make another change later to use the keys they originally wanted to use.

Fix Statemint - Aura Key Scheme

- Polkadot Runtime is getting an upgrade to v9140.
- The upgrade will disable xcm teleports and reserve transfers.
- This is a runtime-only release.
- The proposal hash is 0x317c7862dc523bd083e4dd6545079bdc18058f561bada9e5e5646935b1cc04af.
- People can vote on the proposal.

Runtime v9140 on Polkadot Network

Redspot v0.1, applied by Patract Labs

For a second-grade student:

- Bifrost on Kusama wants to register their token, BNC, on Moonriver.
- They want to call it xcBNC and it will have a symbol of xcBNC.
- They will charge a fee of 35230000000000 units per second.
- They have a plan to register it and set the amount of tokens charged per second.
- Once it's registered, xcBNC will have an ID and an address on Moonriver.

Register Bifrost (on Kusama) native token as xcBNC on Moonriver

Propose upgrade to v0.4.0 (spec_version 49)

- Polkadot is planning to hold its first set of parachain auctions.
- The auctions will be held in two batches, with the first batch starting on November 11th and the second batch starting on December 23rd.
- The auctions will last for seven days each and will begin every seven or fourteen days.
- The lease periods for the auctions will be between 6-14.
- The Council and network governance will limit the number of parachain slots on Polkadot to 75% of that on Kusama to ensure stability guarantees.

Proposal for First Parachain Auctions on Polkadot

On chain council motion

- A vote was taken to open a channel to HydraDX.
- The vote passed and the XCM was executed.
- The channel was not opened because there was not enough money in the account.
- The account has been funded and the XCM can be resent.
- This will allow the channel to be opened.

Init HRMP open channel request to HydraDX

- A proposal has been made to open a channel to HydraDX using XCM.
- The proposal needs to be approved by the governance body of both XCM and HydraDX.
- A successful test was done before migrating Battery Station to Rococo.
- XCM sends a code to Polkadot which then executes a specific call.
- The call invoked on Polkadot is `hrmp.hrmpInitOpenChannel(2034, 1000, 102400)`.

Democracy External Proposals