<a href="https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566">Forum Post</a>
Abstract
The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.
Details
This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.
The update will be based on the following details:
<ul>
<li>Data Source:</li>
</ul>

&nbsp;

<ul>
<li>Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.</li>
</ul>

&nbsp;

<ul>
<li>Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.</li>
</ul>

&nbsp;

<ul>
<li>Execution Path: The preimage <code>0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d</code> will be executed through the General Admin track.</li>
</ul>

&nbsp;

<ul>
<li>Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.</li>
</ul>

&nbsp;

The actual call data:
<a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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">https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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</a>
Benefits
<ul>
<li>Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.</li>
</ul>

&nbsp;

<ul>
<li>
Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.
</li>
<li>
Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.
</li>
</ul>

&nbsp;

[Forum Post](https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566)

**Abstract**


The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.



**Details**


This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.

The update will be based on the following details:

- Data Source:





- Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.





- Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.





- Execution Path: The preimage `0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d` will be executed through the General Admin track.





- Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.





The actual call data:

[https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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](<https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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>)

**Benefits**

- Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.





- Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.

- Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.

[Proposal: 51] Update Units Per Second Data for Moonriver Assets

[Forum Post](<a href="https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566">https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566</a>)

 **Abstract**
&nbsp;
The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.
&nbsp;
**Details**
&nbsp;
This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.
The update will be based on the following details:
<ul>
<li>Data Source:</li>
</ul>

<ul>
<li>Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.</li>
</ul>

<ul>
<li>Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.</li>
</ul>

<ul>
<li>Execution Path: The preimage <code>0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d</code> will be executed through the General Admin track.</li>
</ul>

<ul>
<li>Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.</li>
</ul>

The actual call data:
<a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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">https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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</a>
Benefits
<ul>
<li>Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.</li>
</ul>

<ul>
<li>
Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.
</li>
<li>
Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.
</li>
</ul>

[Forum Post](https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566/2)

**Abstract**
The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.
**Details**
This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.
The update will be based on the following details:
<ul>
<li>Data Source:</li>
</ul>

<ul>
<li>Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.</li>
</ul>

<ul>
<li>Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.</li>
</ul>

<ul>
<li>Execution Path: The preimage <code>0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d</code> will be executed through the General Admin track.</li>
</ul>

<ul>
<li>Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.</li>
</ul>

The actual call data:
<a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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">https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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</a>
Benefits
<ul>
<li>Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.</li>
</ul>

<ul>
<li>
Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.
</li>
<li>
Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.
</li>
</ul>

[Forum Post\]\(https://forum.moonbeam.network/t/proposal-51-update-units-per-second-data-for-moonriver-assets/1566/2)



V 

 

 

\*\*Abstract\*\*

The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.

\*\*Details\*\*

This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.

The update will be based on the following details:

- Data Source:




- Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.




- Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.




- Execution Path: The preimage `0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d` will be executed through the General Admin track.




- Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.




The actual call data:

[https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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](<https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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>)

***Benefits***

- Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.




- Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.

- Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.

&nbsp;

**Abstract**
The "Units per second" value plays a crucial role in determining transaction fees for XCM transactions on Moonriver/Moonbeam. However, the existing data for this value for various assets is outdated and needs an update. This proposal aims to address this issue by proposing a referenda to refresh the units per second values for the current list of assets on Moonriver.
**Details**
This referenda will update the units per second data for all assets on Moonriver, ensuring accurate transaction fee calculations.
The update will be based on the following details:
<ul class="ak-ul">
<li>
Data Source:
</li>
</ul>
<ul class="ak-ul">
<li>
Primary: CoinGecko: Token price data will be primarily sourced from CoinGecko for accurate and reliable information. Price data was obtained on January 31, 2024.
</li>
</ul>
<ul class="ak-ul">
<li>
Alternative: Third-party DEX (e.g., StellaSwap): If a specific token's price data is unavailable on CoinGecko, alternative sources like decentralized exchanges will be utilized.
</li>
</ul>
<ul class="ak-ul">
<li>
Execution Path: The preimage <code>0x125d327f501b302360cd9f2387b08198a1625572999486b367d984ba8ecf779d</code> will be executed through the General Admin track.
</li>
</ul>
<ul class="ak-ul">
<li>
Robustness: The proposal call was tested in Chopsticks to ensure it executed correctly.
</li>
</ul>
The actual call data:
<a href="https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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">https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fmoonriver.public.blastapi.io#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</a>
Benefits
<ul class="ak-ul">
<li>
Improved Transaction Fee Accuracy: Updated units per second data will lead to more accurate transaction fee calculations, preventing overpaying or underpaying for XCM transactions.
</li>
</ul>
<ul class="ak-ul">
<li>
Enhanced Network Efficiency: Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.
</li>
<li>
Data Relevance: Regularly updating asset data ensures its continued relevance and reflects market dynamics.
</li>
</ul>

Problem Statement:
- The existing "Units per second" data for transaction fees on Moonriver/Moonbeam is outdated and needs to be refreshed.

Significance:
- Accurate transaction fee calculations prevent overpaying or underpaying for XCM transactions.
- Accurate fee estimations can encourage users to participate in the network, potentially increasing overall network utilization.
- Regularly updating asset data ensures its continued relevance and reflects market dynamics.

Proposed Solution:
- A referenda to update the units per second data for all assets on Moonriver.
- Data will be sourced primarily from CoinGecko and alternative sources like decentralized exchanges if necessary.
- The proposal call has been tested in Chopsticks to ensure correct execution.

Expected Outcomes:
- Improved transaction fee accuracy.
- Enhanced network efficiency.
- Continued relevance of asset data.

#51 [Proposal: 51] Update Units Per Second Data for Moonriver Assets

No Active Proposals