Phala Network has secured slots in the Polkadot #58 Auction on December 30th, 2023, which is a great achievement for the community. They are requesting reimbursement from the funds attributed to the slot auction in the tokenomics in the amount of 2,521,776 $PHA to cover the costs incurred during the auction. The funds used for Slot Auctions within the Tokenomics were transferred to a multisig wallet managed by Marvin, Hang, and Doyle to ensure the safety of funds and achieve decentralization. The total DOT spent on the auction was 35,500 DOT, which is equivalent to 2,371,323 PHA. Phala Network operates without a centralized foundation, and their public expenditures are supported through allocations from the Phala Treasury and Tokenomics. The community is kindly asked to support this proposal by casting their vote.

Funding Proposal for Polkadot and Kusama Slot Auctions

- A proposal has been made to send 1,000,000 PHA via XCM to the HydraDX Omnipool account.
- This proposal will be approved if the HydraDX governance launches a council motion which is fast-tracked and enacted in 3-4 hours.
- Once the proposal is approved, PHA will become tradeable within the Omnipool.
- The sender will be set as the LP position holder so the position can be controlled via XCM Transact calls.
- PHA will be tradable on the Omnipool.

Add PHA to Omnipool

Phala Runtime Upgrade v1243  - motion #45

Phala Runtime Upgrade v1272 - Council motion #105

Phala Network Runtime v1271 Updates:

- Fixed a bug where vault force withdraws could burn stake pool shares.
- Removed the gas fee requirement for syncing GK messages.
- For more details, visit the [release page](https://github.com/Phala-Network/khala-parachain/releases/tag/v0.1.27-1).

Phala Runtime Upgrade v1271 - motion #104

Close HRMP channels to Parallel - motion #103

Phala Network is moving 47.25M PHA from the Phala compute reward pool to the Khala compute reward pool. This is to balance the unlocked rewards between Phala and Khala. 

Gemini was launched on 8/4/2022 and since then, Phala's team has moved 381.8M PHA rewards from the locked compute reward subsidy reservation on Ethereum to the Khala subsidy pool in two separate transactions. 

The mining rewards on Khala have been issued to the workers, so the reward budget for the next 2 halving periods will be calculated based on the mining rewards on Khala now. 

Phala and Khala share the same compute reward schedule and subsidy pool after the Gemini Update. 

The force transfer target account is a 2-of-3 multisig wallet owned by the Phala team.

Move 47.25M PHA mining subsidy from Phala to Khala - motion #101

Register INTR and iBTC from Interlay

- Interlay and Phala want to transfer assets between each other.
- They want to list $PHA on the Interlay money market.
- This proposal will allow them to do this.
- They have tested this proposal with Chopsticks UI on both Phala and Polkadot.
- They are using a special code to make this happen.

Open XCM channel with Interlay

- This is a proposal to update something called the Tokenomic Budget Balancer used by Phala & Khala Network.
- It has two parts: (1) point to the new budget balancer, and (2) transfer the gas fee from the old one to the new one.
- The budget balancer was upgraded to follow a new upgrade, and the maximum value of the budget has been limited.
- The source code for the upgrade is available at a website called GitHub.
- This is a resubmission of a previous proposal because of a mistake in the code.

Retry: Upgrade Tokenomic Balancer Phat Contract - motion #98

Phala proposal summary:
- Phala and Interlay will open a channel to transfer assets between them.
- This will allow for more use cases for iBTC and could lead to listing $PHA on the Interlay money market.
- The proposal also includes reimbursing someone for their work creating governance proposals.
- The XCM payload is a code that decodes on Polkadot.
- The proposal has been recreated based on community feedback.

Open XCM channel with Interlay  (aborted)

Phala Network has made some updates to their system, which include:
- Support for DCAP by jasl
- Correct DCAP constants by jasl
- Prevention of crashes if there are no advisoryIDs by nanometerzhu
- Addition of HashedDescription XCM location converter and removal of TinkernetMultisig configs by arrudagates
- Allowing add in set_reimbursements and switching migration account by h4x3rotab

For more information, please visit the release page on GitHub.

Phala Runtime Upgrade v1270 - motion #94

- Phala & Khala Network are updating their Tokenomic Budget Balancer.
- The update includes pointing permission to the upgraded budget balancer and force transferring gas fees from the old contract to the new one.
- The upgrade was necessary because the old API was deprecated and the Subscan API is now used for block information queries.
- The maximum value of the budget has been limited.
- The source code is available at a GitHub link.

Upgrade Tokenomic Balancer Phat Contract - motion #97

- This is a resubmission of a previous motion (#94) that didn't get executed quickly enough.
- They want to submit the same proposal again to get a chance to be fast-tracked.
- They changed the preimage to avoid a "duplicated proposal" problem.
- The proposal is about using `ParachainSystem.authorizeUpgrade` in a `Utility.batch` call.
- For more information on the original proposal, please refer to motion #94.

Accelerate motion 94 - motion #96

Phala Runtime Upgrade v1263 - motion #92

Phala Runtime Upgrade v1262 - motion #90

Re-trigger preimage referenda #55 - motion #88

Move ChainBridge liquidity to Sygma - motion #86

Phala Runtime Upgrade v1261 - motion #84

- Phala Network is getting an upgrade called Phala Network Runtime v1260.
- The upgrade will make the network faster and more stable.
- There was a bug in the old version that made it hard for workers to register, but that will be fixed in the new version.
- There will also be a new feature called RPC pha_getStorageChangesWithRoot that will help with data verification.
- You can find more information about the upgrade on the release page.

Democracy Referenda