Thanks to Pull Request 398, implemented in Polkadot Runtime 1.3.0, base fees on all System Chains have been reduced by 50%.
As a result, USDT transfers on Asset Hub now only cost less than $0.0050!
Due to a very large DOT withdrawal on Hydration, GDOT prices and DOT lending rates experienced some volatility this week. Referendum 219, now passed, aimed to reduce DOT lending rates by adjusting the Reserve Factor to 10% and Optimal Usage to 85%.
Bifrost has initiated Polkadot Wish for Change Referendum 1778 to explore the idea of diversifying the treasury into revenue-generating parachain tokens such as bbBNC and HDX.
