Currently available for voting on the DOT DAO governance platform is a new referendum introducing dotUSD, which aims to be a protocol-native stablecoin designed specifically for Polkadot.
Various participants from throughout the Polkadot ecosystem worked together to draft this initiative. It was subsequently introduced to OpenGov through the Polkadot Community Foundation. The involvement of PCF is strictly confined to presenting the measure for a public community vote. As such, PCF will not deploy, operate, control, or custody dotUSD.
The suggested rollout strategy is divided into distinct stages. It begins with an introductory phase where the asset is backed by stablecoins. Afterward, the project aims to transition into a DOT-collateralized vault phase, although this subsequent step remains subject to ongoing development and future governance approvals.
Decisions regarding the implementation of dotUSD are currently in the hands of the DOT DAO. We warmly invite you to read the comprehensive document and cast your vote at the following link: https://polkadot.subsquare.io/referenda/1944
Important Notice Regarding the Polkadot Product Devnet
We are pleased to announce that a substantial upgrade is currently being deployed to the Polkadot Product Devnet. To ensure full compatibility with these extensive system enhancements, fresh iterations of the Devnet applications for both desktop and mobile platforms have been released alongside it.
Due to the significant nature of this transition within the Devnet, it is mandatory for all developers to complete a specific sequence of actions.
To begin, you must manually save your recovery phrase if you wish to guarantee continued access to any of your previously deployed sites. Once your phrase is safely secured, proceed to erase your existing backup by shaking your phone and choosing the clear backup option. Following that step, completely remove the application from your device. Lastly, conclude the process by downloading and installing the app once again.
You can access the comprehensive technical specifications for this release by visiting the address below.
It frequently appears that the prevailing model of the major technology sector overlooks our most essential freedoms. Conversely, the Charter of Fundamental Rights of the European Union explicitly establishes that every individual is entitled to respect concerning their communications, their home, and their private and family life. Polkadot aims to make these foundational rights a reality for all people through its technology and products. As an initial step toward this goal, upcoming Polkadot products will feature private communication as a standard, default setting.