Kappa Sigma Mu is a membership club using the Substrate Society pallet. The society can be understood as an economic game to incentivize users to join around whatever the rules are decided to be. In essence, the society looks to experiment with the connection between the onchain and offchain worlds. Members are incentivized to participate in the society via the rewards paid by the pot. These rewards will be available to be claimed once a specific locking period passed: but how to know when and how to receive your bid? Here are a few simple steps to find out. When Can I Claim My Reward? Members are incentivized to participate in the society through rewards paid by the Society treasury. New users must have a bid to join the society. A user can make a bid by reserving a deposit. Alternatively, an already existing member can create a bid on a user's behalf by "vouching" for them. A bid includes reward information that the user would like to receive for joining the society. A vouching bid can additionally request some portion of that reward as a tip to the voucher for vouching for the prospective candidate. These payments have a maturity period for new members before they are able to access the funds. In the Society pallet, the locking period can be seen here. It is important to note that as the number of members grows, the lock period approaches the maximum.
10/8/2020Alex had pasta, again: I guess it is hard to figure out what to eat now that she is lactose-intolerant, or claims to be. Honestly, until I see the tests I can't tell if it is actually happening, although I guess we need to trust her doctor. She says she is not eating pasta because she cannot eat lactose: this is only the leftovers from the weekend. Alex prefers to be referred as she/her or they/them. Right after we sit down to eat at the big table on the third floor, Alex tells me she is super happy her partner is coming back soon from the work trip. She has been away for a while. Then she makes a joke about how she seems to have settled down. I ask instantly: "What do you think about this stereotype of the lesbian that looks for a partner, meets one she likes, falls in love fast and settles for a long time? Do you think this is true? and if yes, why?" A stereotype? Definitely. Then again, stereotypes have some type of truth in them. The issue I have with stereotypes lays on how they manage to homogenise a group. Alex tells me she thinks a lot about this. At first glance, she believes it is a consequence of a combination of things: it seems too reductionist for her if we see it as a consequence of one reason only. She is is right. Firstly, our heteronormative traditions come to mind - Ohh Normality, how we missed you - we meet again: It is expected for anyone who has been educated inside an heteronormative society to aim at holding long term relationships, and in a more normative way to have a monogamist long-term relationship. These conditions are a sign of success: it seems if we choose these types of relationships our peers will approve: we are the good children in the weirdos' group. We both agree monogamy as well as the long-term element in relationships (more in the sense of Eternal Love) are elements that Heteronormativity teaches us. The lessons are everywhere: think of the TV shows you watch, the books you read, the ads you consume, the friends you have. Our bodies are not capable of heroic feats. Instead, they do not withstand the various forms of oppression within which we experience. They adapt to these conditions by becoming submissive or by altering their boundaries in a dynamic way because coercion is subtle, but present at all times—and even the idea of ‘time’ should be capitalised as it is already regulated and fractionated to be understood in certain manner. Long-term, Long, Long, time. Eternal. Love. Success.
8/12/2020Tags: Council, Kusama, Governance Shortly after the birth of Kusama Network (Polkadot’s wild cousin), Web3 Foundation launched Polkadot’s first candidate chain. In my opinion, both networks are designed to explore how governance can find an appropriate resistance to change, start thinking of immutability as a spectrum and essentially model a political entity on a blockchain. Kusama’s logic is a result of referenda submitted by the community. This reflects the network’s understanding of the meaning behind decentralized governance mechanisms. Its configuration allows us to upgrade the logic of the blockchain and make changes to its runtime using these processes, and both actions have the goal to try and fix unpredictable human errors in place with new processes once the network is running. The Polkadot Claim Process and The Use of Multisig Wallets For both Polkadot and Kusama Networks, the claim process for users who participated in the sale of 2017 required them to sign a message with the private key of an Ethereum account - the same private key used by participants during the sale. When the sale mechanism was designed, the use of Ethereum private keys for the claim process was not taken into consideration and this became an issue for some users who used multisig wallets to participate in order to prevent problems caused by the loss or theft of a private key. In the last weeks, I worked with Web3 Foundation to solve a particular claim issue caused by the use of a Gnosis multisig wallet. These wallets operate as a smart contract in the Ethereum blockchain, so while there is an address, there is no way to sign a message since the contract does not have a corresponding private key. This means multisig users had no way to claim the tokens, given the current process.
7/9/2020By Raul Romanutti, Kusama Council Member The Kusama Treasury plays a fundamental role when incentivizing organic development and growth of our community. At the time of writing this post, more than 190,000 KSM (Kusama tokens) sit on the Treasury with no effective use whatsoever: we need to put them to work, right? What is the Treasury? Its role in the economic design The Treasury is essentially a pot of tokens collected through transaction fees, slashing and staking inefficiencies on the Kusama Network. This repository of tokens is managed by the Kusama Council, whose main role is to represent passive stakeholders. In order to incentivize the complete spend of all tokens at every period, a system of burning KSM is built into the design, with a subsequent deflationary pressure on its standard implementation. However, on Kusama the treasury burn is currently set to 0 (subject to a change on the runtime) meaning that no repository KSMs are burned at the moment. Initially, much doubt surrounded the use of spending proposal submissions, primarily as a consequence of the lack of off-chain mechanisms for designing and planning proposals that would effectively be approved by council members; this caused much inaction when it came to the use of the Treasury. We are slowly changing this through new spending mechanisms and alternative ways of using the current methods.
6/25/2020or
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