Proposal for First Parachain Auctions on Polkadot

This is a proposal to schedule the first set of parachain auctions on Polkadot as well as get
Council buy-in to a recommended strategy for scheduling auctions on a 3-6 month basis.

Based on the performance of parachains on Kusama and the state of audits, the Parity engineering
team believes that the code for parachains, auctions, and crowdloans is ready for an initial
production release.

This motion proposes two batches of auctions:

- The first: five auctions, starting 11 Nov, seven days each, beginning every _seven_ days, for
  lease periods 6-13 (LP6 is slated to begin 15 Dec)
- The second: six auctions, starting 23 Dec, seven days each, beginning every _14_ days, for
  lease periods 7-14 (LP7 is slated to begin 09 Mar 2022)

As auctions can take place prior to a lease period starting, this motion schedules auctions to
begin around mid-day (UTC) of 11 November.

In order to ensure stability guarantees, I suggest along with this proposal that the Council and
network governance limit the number of parachain slots on Polkadot to 75% of that on Kusama. This
initial schedule will last until early March; as the network grows the Council can suggest an
updated auction cadence to stay within a reasonable factor of safety relative to the number of
parachains on Kusama.


The proposal seeks funding for OpenZeppelin's security review of Polkadot's ink! smart contract language and Substrate's smart contracts pallet. The review, conducted between January 23rd and February 17th, identified and addressed security vulnerabilities, ensuring the safety of users. Ink! serves as a crucial component for Polkadot parachains, attracting developers and enabling easy migration to parachain runtimes. OpenZeppelin, a trusted security firm, collaborated closely with Parity Technologies, the ink! team, and other contributors throughout the process. The proposal outlines milestone deliverables and payment conditions, emphasizing transparency and accountability.

Local Market Research: Conducting a survey to gather insights on local user preferences and pain points in the Web3 space.

Polkadot Connect Philippines & Local Community: Organizing the first Polkadot Connect meetup and establishing a local community.

Business Development for Polkadot Insider: Connecting local industry players with Polkadot Insider for further market expansion.

Inclusion of Polkadot into Events and Talks: Integrating Polkadot branding into events and workshops hosted by Bitskwela.

Short-Form Content and Community Awareness: Creating monthly localized short-form content to expand Polkadot's presence in the Philippines.

Press Releases: Publishing monthly press releases on Polkadot ecosystem updates.

Whitepaper Simplification (WPS) for Polkadot: Creation of a user-friendly summary of the Polkadot whitepaper translated into local languages.

Dedicated Short Guides: Producing quick 2-minute reads on different aspects of the Polkadot ecosystem.

amount

beneficiary

- This proposal is about scheduling the first set of parachain auctions on Polkadot.
- The Parity engineering team believes that the code for parachains, auctions, and crowdloans is ready for release.
- There will be two batches of auctions, with specific start dates and lease periods.
- The Council and network governance will limit the number of parachain slots on Polkadot to 75% of that on Kusama for stability.
- The schedule will be updated as the network grows.

Proposal for First Parachain Auctions on Polkadot

Council

#24 Proposal for First Parachain Auctions on Polkadot

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