The Moonbeam Foundation is proposing to authorize an upgrade to RT3702 on Moonriver and Moonbeam via the whitelist track to fix two issues:

1\. Fix an issue related to XCM TransactThroughDerivative with new Foreign Assets implementation

2\. Add support for XCM MultiLocation V1 for backward compatibility

See the [forum post](https://forum.moonbeam.network/t/proposals-mr81-mb118-whitelisted-authorize-upgrade-to-rt3702-on-moonriver-and-moonbeam/2173) for more details.

The proposal seeks funding for the maintenance of the substrate-api-client until December 23. It emphasizes the importance of the library for the Polkadot ecosystem and outlines plans for staying up to date, providing user support, and implementing small improvements. Supercomputing Systems AG, will publish their work under the Apache 2 license and will provide updates until December 31, 2023. Monthly reports will be shared on Polkassembly and be announced in the Polkadot Direction channel on matrix.

Development of on-chain governance functionality.

Optimizing Profit Distribution Pallet.

Add a Document Page.

Logic Design.

Developing the XCM Transactor pallet.

Application Upgrade.

Optimizing Coretime Order Pallet.

Optimizing Blocks Assurance Pallet.

Optimizing EVM and Bridge Functionality.

Developing DOT's WASM Platform.

Authorize Upgrade to RT3702 on Moonbeam (via Whitelist)

General

#118 Authorize Upgrade to RT3702 on Moonbeam (via Whitelist)

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