Polkadot Digest 2 Nov 2023

Polkadot News

The next parachain lease auction begins 5 Nov, at block 18_028_800. Auctions and crowdloans on Polkadot & Kusama networks | Parachains.info

There are already several crowdloans open for this parachain lease auction, with Parallel currently being in the lead. Polkadot/Substrate Portal

Referendum 231, proposing acquiring USDT for the Polkadot Treasury via the HydraDX Omnipool, is now up for vote on the Root track. Polkadot Treasury USDT Acquisition | Polkassembly

Referendum 211, proposing to upgrade Polkdaot to runtime v1_000_000, is currently passing with 79.3% in favor. https://polkadot.polkassembly.io/referenda/211

After an increase over the last week, the Polkadot staking rate has slightly decreased to 50.3%. Polkadot Staking Dashboard | Polkadot Staking (DOT)

Note that this has an effect on staking rewards. For details, see Token Inflation · Polkadot Wiki

With the ending of another Spending Period, one percent of the Polkadot Treasury (~ 442_282 DOT) has been burnt. Subscan | Aggregate Substrate ecological network high-precision Web3 explorer

This is a part of the protocol to encourage use of Polkadot Treasury. For details, see Treasury · Polkadot Wiki

Kusama News

With less than a day left to go in the current parachain lease auction, Zero is currently in the lead, and has been for the majority of the Ending Period. Kusama Auctions and Crowdloans | Parachains.info

However, Shiden Network has also been in the lead for ~ 16.2% of all blocks in the Ending Period.

The staking rate on Kusama continues to slowly decrease and is now at 53.29%. Polkadot Staking Dashboard | Polkadot Staking (DOT)

Clarification on Ref 231, above:

Referendum 231, proposing to convert DOT from the Polkadot Treasury to USDT to use for Fellowship salaries, is up for vote. The referendum uses the HydraDX DCA feature over a period of 180 days.