A week in Kusama: November 30 - December 6, 2020

By Web3 Foundation | Kusama | 7 Dec 2020

Kusama news

Kusama News

Referendum 93, increasing the number of validators gradually to 900 from 700, has passed and will go into effect this week. https://kusama.polkassembly.io/referendum/93

The current referendum is once again asking for a redenomination. Note that the original proposer is now against the proposal. https://kusama.polkassembly.io/referendum/94

This is an interesting new Treasury Proposal, to provide more information and content to other treasury proposals. https://kusama.polkassembly.io/motion/242

Polkascan made a Treasury Proposal for a variety of improvements as well as ongoing maintenance costs. https://kusama.polkassembly.io/motion/243

Kusama currently has 49% of KSM staked and an inflation rate of 7.5% p.a.

Bruno continues to describe what actions he has taken as Kusama Council Member — and why — in his latest Council Participation Report. https://bruno.id/council-participation-report-02122020/

There has been some great discussion on how to correctly implement validator rankings here: https://kusama.polkassembly.io/motion/217

A slash occurred yesterday in era 1598 for a single validator - https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/staking/slashes


Tips and Tricks

Did you know that a portion of the Polkadot Treasury (1%) is burnt automatically every spend period if not spent, but this burn percentage (0.2%) on Kusama is instead redirected to the Society? https://guide.kusama.network/docs/en/kusama-parameters#treasury

Remember when nominating a validator, your bonded funds are at risk of slashing. Be sure to investigate the validators you are choosing, for example by reviewing their stats here: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.polkadot.io#/staking/query

Check out the Calendar for all the upcoming on-chain events happening on Polkadot and Kusama - https://polkadot.js.org/apps//#/calendar

Web3 Foundation is looking for an entry-level employee or intern for the Technical Education team, you might be a good fit! https://web3.bamboohr.com/jobs/

Not quite right for you? Parity is looking for people to fill a variety of roles. https://www.parity.io/jobs/#jobs


Keep up to date with the news on Kusama with Twitter, Telegram or Element


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Web3 Foundation
Web3 Foundation

Our mission is to nurture cutting-edge applications for decentralized web software protocols. Our passion is delivering Web 3.0, a decentralized and fair internet where users control their own data, identity and destiny.


Kusama is a blockchain network designed for risk-taking and radical innovation, built using (almost) the same code as the Polkadot network. This blog was run by Web3 Foundation and is now closed. All proceeds from tips have been donated to She256.org in these two transactions: https://etherscan.io/token/0xd46ba6d942050d489dbd938a2c909a5d5039a161?a=0xed11e5ea95a5a3440fbaadc4cc404c56d0a5bb04 https://etherscan.io/token/0xa0246c9032bc3a600820415ae600c6388619a14d?a=0xed11e5ea95a5a3440fbaadc4cc404c56d0a5bb04

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