Polkadot Digest 10 Sep 2024

Polkadot News

A new parachain lease auction has begun and with one day to go before the Ending Period, Acala is in the lead. https://parachains.info/auctions

August saw a further reduction in Treasury spending, but there was still a net decrease of 875’945 DOT. https://dune.com/substrate/polkadot-gov

One of the reasons for this is that the actual staking rate is very close to the ideal staking rate, meaning less inflow into the Treasury. See https://wiki.polkadot.network/docs/learn-polkadot-opengov-treasury#treasury-inflow-and-outflow

You can watch my talk on “The Prehistory of Blockchain” at Web3 Summit 2024 here: https://www.youtube.com/watch?v=lsNMWrSMTz4

I also recently had an interview with SimonXPE (Space4Build) on the challenges of education about Web3 and Polkadot. https://www.youtube.com/watch?v=fGwn6On%5FtVE

The staking rate on Polkadot has increased slightly to 58.98%. https://staking.polkadot.cloud/#/overview

Kusama News

Did you know an elastic scaling MVP was released this summer and is scheduled to go live on Kusama within the next month? https://forum.polkadot.network/t/elastic-scaling-mvp-launched/9392

Referendum 448, proposing to decrease the amount of reserved KSM when registering a parathread ID, is currently passing almost unanimously. https://kusama.polkassembly.io/referenda/448