[WFC] KSM #619 - Wish For Change: Make Kusama Treasury Self-Financing

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Fa6m...wiBr

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Description

https://kusama.subsquare.io/referenda/619

Kusama wants to change how it gives out money.
Instead of giving KSM tokens away forever, it will lend them.
The loans go to companies that make stablecoins (like digital dollars).
These companies pay back the treasury with stablecoins.
This builds a savings fund that doesn't depend on KSM's price.
Validators can be paid with stablecoins, making their income steady.
Stablecoin growth is easy to measure and hard to fake.
Vote YES to make Kusama more independent, or NO to keep things the same.

Appendants

13h ago

Vote #1 submitted.
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WISH FOR CHANGE

8 available members
🟢 0 • 🔴 3 • ⚪️ 1
✓ ≥50.0% required participation met
✘ Ayes <60.0% of all votes
▶ Aye/abstain conditions not met
🔴 NAY

No CoI reported. DV delegation exercised.
https://assethub-kusama.subscan.io/extrinsic/11949736-2
https://kusama.subsquare.io/referenda/619#1

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Information

IPFS

#QmaYvsE

Members

Timestamp

Created

Nov 29 2025 08:18

Start date

Nov 29 2025 00:00

End date

Jan 28 2026 00:00

Votes·5

12s6...nE8h

12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h

Abstain

The idea of a self-funding vault is appealing, and the proposal sounds almost too good to be true. However, we remain cautious and choose to hold off until the key 'what if' questions are answered: what if borrowers default, what if neo-banks fail, how would common-good projects be handled without revenue, and is a more decentralised model possible without dependence on a few issuers?

12Hi...E9N3

12His7t3EJ38tjdBbivUzWQeaNCLKfMqtKp1Ed3xHMyCE9N3

Nay

I don't agree that this needs to be a binary choice, why not simply create a program that revolves around Kusama DAO getting ownership of any IP it funds through it? That way we could still easily fund "public good" work getting done and provide an alternative (with less strict criteria I would assume) to teams that choose to apply for it.

14gM...deVb

14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb

Nay

I think WFC track is wrong used by this proposal.

14Gn...YLEh

14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh

Nay

To be honest, I don't see it as realistic for many projects.
In theory, a crypto ecosystem treasury helps finance projects because this in turn drives growth in the protocol, which ultimately boosts the price of the crypto asset and therefore improves the reserves of the treasury itself.
I believe we should continue working to promote projects that help achieve growth for our own ecosystems and that manage to boost the price of KSM / DOT, as the case may be.