This is a referendum to authorize runtime upgrade 11: expand capabilities by integrating ERC20 and oracle chain extensions into Pendulum, setting fees for incoming assets.

## Release Overview

For comprehensive details and insights into the new features accompanying this release, we invite you to visit [the Github release page](<https://github.com/pendulum-chain/pendulum/releases/tag/pendulum-release-11>). Key implementations:

- Expand capabilities by integrating ERC20 and oracle chain extensions into Pendulum, leveraging the proven code from Foucoco.

- Setting up XCM fees the incoming assets




This referendum is a significant step forward in the development and growth of our network.

The proposal from Subsquid Lab Official outlines ongoing development and maintenance costs for public Subsquid Archives and the Giant Squid API. It covers the provision of archives, a crucial component of Polkadot and Kusama data infrastructure, offering access to on-chain data for various parachains. Additionally, the Giant Squid API provides GraphQL endpoints for exploring relay and parachain statistics, supporting a wide range of projects. The proposal seeks funding for the continued operation and expansion of these services. Overall, it aims to enhance accessibility and usability of on-chain data for developers and users within the Polkadot and Kusama ecosystems.

Establishment of the Polkadot Sanctuary in Bali, providing a rent-free space as a central hub for Polkadot enthusiasts to access resources and foster collaboration.

The Bali Polkadot community organized 9 bi-weekly BlockTalk meet-ups, engaging over 270 participants, to share updates on Polkadot, the crypto market, and Blockchain and Web3 concepts.

The Polkadot community successfully hosted the Polkadot Decoded Viewing Party, drawing 70 attendees and showcasing the technological advancements and possibilities of Polkadot, igniting interest within the local blockchain community.

Efforts to persuade the local government to adopt Substrate and utilize the Polkadot ecosystem have been fruitful, creating job opportunities for substrate developers in the region.

Polkadot's sponsorship of the two-day Soulbound event during the Bali Blockchain Summit in August demonstrated significant benefits for Polkadot, as evidenced by the aftermovie and other success metrics.

Five Polkadot Ambassador Candidates have been onboarded to expand Polkadot's network and drive adoption in Bali, with one candidate already becoming a fully-fledged ambassador.

The Polkadot Sanctuary brand has been established across social media platforms, including Twitter and Telegram, with plans for website reconstruction by year-end.

Schedule a majority-carries referendum to be tabled next once it is legal to schedule
an external referendum.

The dispatch of this call must be `ExternalMajorityOrigin`.

- `proposal_hash`: The preimage hash of the proposal.

Unlike `external_propose`, blacklisting has no effect on this and it may replace a
pre-scheduled `external_propose` call.

Weight: `O(1)`

Authorize an upgrade to a given `code_hash` for the runtime. The runtime can be supplied
later.

The `check_version` parameter sets a boolean flag for whether or not the runtime's spec
version and name should be verified on upgrade. Since the authorization only has a hash,
it cannot actually perform the verification.

This call requires Root origin.

Problem Statement & Audience:
- Problem Statement: The Polkassembly council is proposing a referendum to authorize a runtime upgrade to expand capabilities by integrating ERC20 and oracle chain extensions into Pendulum and setting fees for incoming assets.
- Audience: Polkassembly council members and stakeholders.

Significance:
- This referendum is a significant step forward in the development and growth of the Polkassembly network.

Proposed Solution:
- The proposed solution is to integrate ERC20 and oracle chain extensions into Pendulum and set up XCM fees for incoming assets.

Expected Outcomes:
- The expected outcomes of this referendum include expanded capabilities, improved functionality, and increased network efficiency for the Polkassembly network.

#15 Authorize runtime upgrade to Pendulum release 11

No Active Proposals