[WFC] KSM #560 - WFC - KIRA (Kusama Inflation Reduction Act)
Terminated 
terminated
Description

https://kusama.subsquare.io/referenda/560

  • KIRA wants to make Kusama better for everyone.
  • It suggests burning 0.5% of unspent treasury KSM each period.
  • A small voting fee (0.001 KSM per vote) would be burned.
  • Treasury payouts would burn an extra 10% to reduce selling pressure.
  • The max inflation rate would drop to 5% per year.
  • Lower inflation could make KSM more valuable over time.
  • Voting fees might slowly increase demand for KSM.
  • These changes aim to help Kusama grow and stay strong.
Appendants
1
#1
10d ago

🟢 0 • 🔴 3 • ⚪️ 1
6-member quorum not met.
Vote #1: NAY
10 available members.
No CoI reported. DV delegation exercised.
https://kusama.subscan.io/extrinsic/29339872-2
https://kusama.subsquare.io/referenda/560#14

Optionssingle

Votes·8

12s6...nE8h
12s6...nE8h
12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h
Abstain
Abstain
14gM...deVb
14gM...deVb
14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb
Nay
Nay

I don't think the voting fee will work.

1xzc...1bX6
1xzc...1bX6
1xzcLSwo7xBFkJYZiL4EHaqFpuPTkH641E3V43W4cuk1bX6
Nay
Nay

We are unsure if this would be beneficial to Kussama.

14Gn...YLEh
14Gn...YLEh
14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh
Nay
Nay

I find it worrisome that there are continuously a high number of users, both from Polkadot and Kusama, who have been raising the issue of inflation over and over again.
Although I do not agree with this proposal because I believe that this kind of things should come with much deeper studies of the consequences, I think this should be a strong wake-up call for us as an ecosystem to act quickly, without giving more speeches that do not end up materializing.

15fT...yBzL
15fT...yBzL
15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL
Nay
Nay

Voting fee is a bad idea. And I think the price situation is mainly due to a lack of use and interest as pandres95 noted. Good ideas for protocols and applications should be built on Kusama, and it should receive lots of attention. My intuition is that no measure is going to help where there is no attention and hype. When KSM appreciated the last time it did, there was hope with parachains, the marketing language was offering a promise, the community was eager. No economical measure can replace the sentiment.

167Y...TY9F
167Y...TY9F
167YoKNriVtP4Nxk9F9GRV7HTKu5VnxaRq1pKMANAnmmTY9F
Nay
Nay

lets take a holistic approach here, and propose something that can be implemented into polkadot, this so called "improvements" are a bandAid solution to a bigger problem.

1ZSP...vx6w
1ZSP...vx6w
1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w
Nay
Nay

Appreciate the ideas and chance to have a discussion. It's difficult with so many put together to find consensus on all of them.

12Kt...DCoJ
12Kt...DCoJ
12KtA8mtfsK1CyQb4utLiwG3ao22z77w2cM2GqnaL2RiDCoJ
Nay
Nay

Nay to voting fees

Discussions·0

No current comments
Information
Members
11
Timestamp
Created
Jul 15 2025 04:48
Start date
Jul 15 2025 00:00
End date
Sep 13 2025 00:00
Results
Voters
8
one-person-one-vote
Aye
0 VOTE
 
Nay
7 VOTE
 
Abstain
1 VOTE
 
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