Polkadot Digest 5 Dec 2022

Polkadot News

With 11 hours until the Ending Period begins, OmniBTC is in the lead in the current parachain lease auction. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/parachains/auctions

With five Referenda and two proposals, there is plenty of opportunity to participate in Polkadot governance. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/democracy

For an understanding of how the governance of Polkadot works, you can read the Polkadot Wiki page on the topic - https://wiki.polkadot.network/docs/learn-governance

Referendum 85, seeking to allow Kapex Parachain to upgrade itself via runtime upgrade, is passing with almost 100% in favor and 5 days left to vote. https://polkadot.polkassembly.io/referendum/85

Referendum 86, proposing higher nomination limits, is passing with 99% in favor and 8 days left to vote. Note that Referendum 90 is intended to replace Referendum 86. https://polkadot.polkassembly.io/referendum/86

Referendum 88, proposing to approve a Treasury Proposal for Snowbridge, a trustless Polkadot-Ethereum bridge, is passing with 99% in favor and 22 days left to vote. https://polkadot.polkassembly.io/referendum/88

Referendum 89, proposing to upgrade the Polkadot runtime to v9320, is passing unanimously with 12 days left to vote. https://polkadot.polkassembly.io/referendum/89

Referendum 90, redefining the minimum nomination limit and removing the maximum number of nominators, is currently passing unanimously with 1 day left to vote. https://polkadot.polkassembly.io/referendum/90

The staking rate of Polkadot, after a decline last week, has remained relatively steady at 45.9%. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fpolkadot.api.onfinality.io%2Fpublic-ws#/staking

Kusama News

More Referenda are appearing in OpenGov, with 11 total Referenda in active voting. https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/referenda

To understand OpenGov (also called Gov v2 or Gov2), you can read the Polkadot Wiki article on the topic - https://wiki.polkadot.network/docs/learn-gov2

Referendum 8, seeking to un-brick the Kintsugi parachain, currently has all KSM voting for it in favor. https://kusama.polkassembly.io/referenda/8

Referendum 9, proposing to upgrade the Encointer runtime, is awaiting a decision deposit before voting can begin. https://kusama.polkassembly.io/referenda/9

Note that neither Referendum 1 nor 2 will enact successfully even if passed. See https://kusama.polkassembly.io/referenda/2 and https://kusama.polkassembly.io/referenda/1

With one day left to vote, Gov1 Referendum 251, seeking to swap parachain slots for the Zeitgeist parachain, is passing with 99% in favor. https://kusama.polkassembly.io/referendum/251

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