Polkadot Digest 8 May 2024

Polkadot News

Referendum 680, to initialize the Snowbridge Ethereum bridge, is currently passing almost unanimously. Initialize Snowbridge on BridgeHub and AssetHub | Polkassembly

Referendum 741, to move part of the the Polkadot Treasury to the Asset Hub, is now up for vote. Move Part of Treasury to Asset Hub | Polkassembly

Referendum 740, upgrading the Bridge Hub runtime to 1.2.2 and fixing the issue with Polkadot-Kusama bridge, is now up for vote. Polkadot Bridge Hub 1.2.2 upgrade: Unstuck bridge with Kusama | Polkassembly

With two and a half days left in the current parachain lease auction, Parathrad 3358 remains in the lead with ~ 38% of blocks in the Ending Period. Auctions and crowdloans on Polkadot & Kusama networks | Parachains.info

The Polkadot staking rate continues to increase and now stands at 54.83%. Polkadot Staking Dashboard | Polkadot Staking (DOT)

Note that the staking rate influences staking rewards. For details, see Token Inflation · Polkadot Wiki

Kusama News

Interested in seeing how bulk coretime sales are going on Kusama? You can use Subscan’s dashboard here: https://coretime-kusama.subscan.io/coretime_dashboard

Barring any major changes in voting, Referendum 384, registering the People Chain and upgrading the Coretime chain to runtime 1.2.3, will execute. Register People Chain and upgrade Coretime Chain to v1.2.3 | Polkassembly

This will re-enable identity on Kusama, on the People Chain instead of the relay chain. All current identities will be migrated to the People Chain.

Referendum 391, testing the “voidSpend” functionality for Treasury payouts, is now up for vote. Test VoidSpend functionality for Treasury Payouts | Polkassembly

The Polkadot Digest will be off tomorrow, as it is a holiday in Zug and I will be off.