Lower Parachain and Data Deposits to Encourage Experimentation on Kusama#501
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Should there be a migration to reimburse KSM to currently registered parachains? |
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Will the deposit required to register a parachain on Kusama change from ~1,100 KSM to 110 KSM? It's still expensive, with the KSM rate at $20. It needs to be reduced to 11 KSM or even less. |
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Chaos is a ladder, this PR proposes bringing the rungs a tad bit closer to make it easier to climb.
In other words, this PR aims to lower the barriers for experimentation and innovation within the Polkadot ecosystem. We're reducing both the
ParaDepositandDataDepositPerByteto encourage more developers and projects to deploy and test their ideas on Kusama.The changes:
These adjustments will make it more accessible for teams to register a blockchain and get started. I think that making things accessible starts with making them affordable, this aims to do just that. This aligns with Kusama's role as a canary network, where we can push the boundaries of what's possible.
While we're lowering the initial costs, it's worth noting that this change doesn't implement an adaptive fee structure that would increase costs if too much code is registered too quickly. Such a mechanism could be considered for future implementations, potentially as a Polkadot-ready solution.
Kusama is the playground for radical innovation. With these lowered deposits, we're inviting chaos – controlled chaos that drives progress.
Expect the unexpected, and let's see what comes out the other end. :)