Sure, hello everyone. Thanks for having me. Hope you can hear me well. As a matter of the course, I'm going to give you a recap of the Kusama and the Polka. government and treasury proposals. I think are the most interesting for these months. Let's start with the Kusama and decide
the open government's proposals. The first one I would like to mention is the recently approved and successfully executed referendum 151 on staking admin track, which seeks to upgrade elections minimum entrusted score. The minimum entrusted score configuration defines a minimum election score that will
be accepted by the elections palette from off-chain staking miners. Back in December 2020, a proposal was executed to among other things lower the minimum interest score to deal with the massive selection incident in Kusama. The new submission aims to update the current minimum
untraste score in Kusama back to the sensible values to ensure that the weak election solutions will not be accepted anymore. Another important proposal was also submitted and approved as a referendum 134, which led to upgrading of the Kusama's runtime to version 934
1/8 and system power change to version 9/382. The upgrade is crucial step for the ecosystem since it includes the XM version 3. However, the community took a longer period time to vote and enact this upgrade due to the need for the teams to prepare and
monitor any potential issues that may arise once the XM3 is deployed. Nonetheless, the successful deployment of the XM3 demonstrates the robustness and reliability of the network, which is continuously evolving and improving to meet needs of the users.
Okay, so let's pass to Kusama Treasury proposals. As you might have seen, if you are participating in the governments and are in the direction channels, we have been back and forth for a few days regarding referendum 144 seeking to top up the infrastructure maintenance bounty, which worked to aid the
the teams that have been funded by Treasury before to maintain infrastructure and perform continued operations to reduce the work of resubmitting the Treasury proposals and the time constraints associated with it. The bounty of the teams that provided common good to community, including