With the passing of Pendulum Referendum 69, which deployed runtime upgrade v23, collator rewards are now funded by the treasury, effectively capping supply. An upcoming governance proposal will aim to set the total supply to 150M by burning PEN.
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.
