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diff --git a/docs/general/polkadot-direction.md b/docs/general/polkadot-direction.md
new file mode 100644
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--- /dev/null
+++ b/docs/general/polkadot-direction.md
@@ -0,0 +1,268 @@
+---
+id: polkadot-direction
+title: Polkadot Direction
+sidebar_label: Polkadot Direction
+description: Polkadot as a Decentralized and Secure Ubiquitous Computer.
+keywords: [polkadot vison, decentralization, ubiquitous computer, coretime, blockspace, cores]
+slug: ../polkadot-direction
+---
+
+:::info
+
+The material on this page is based on
+[Gavin Wood's talk at Polkadot Decoded 2023](https://www.youtube.com/watch?v=GIB1WeVuJD0).
+
+:::
+
+Understanding what [Polkadot 1.0](./polkadot-v1.md) is about and the philosophy behind it will help
+us to envision the future direction of the Polkadot ecosystem toward abstraction and generalization.
+
+## Polkadot as a Computational Resource
+
+Polkadot has been abstracted and generalized beyond what was originally proposed and envisioned in
+the [whitepaper](https://polkadot.network/whitepaper/). Polkadot is:
+
+- About [**Blockspace**](./polkadot-v1.md#polkadots-blockspace) (the underlying resources that
+ chains need), not chains.
+- **A platform to build applications** rather than chains, and for people to use those applications.
+ Fundamentally, Polkadot is not a platform to host chains, and so far, chains happened to be one
+ way to build applications and grow Polkadot's utility.
+- **A provider of resilient general-purpose continuation computation**, where the term
+ _continuation_ refers to a broad long-running task that can do something, pause, continue (or do
+ something else) later.
+- **A multicore computer** where chains that continuously operate in parallel on different cores are
+ called [parachains](../learn/learn-parachains.md). Currently, one core is reserved for one chain
+ through [slot auction mechanism](../learn/learn-auction.md), although one core can be reserved
+ on-demand to multiple chains at different periods (see
+ [parathreads](../learn/learn-parathreads.md)). At the time of writing (mid 2023), on Polkadot,
+ there are around 50 cores independently operating in parallel.
+
+From now _application_ will be used as a general term to describe anything that can use a Polkadot
+core to access secure and decentralized computation.
+
+## Summary
+
+If we see Polkadot as a service provider of trustless and resilient computation through cores as
+well as secure interoperability between core-powered applications, the future development of
+Polkadot can be directed towards the following main changes.
+
+A paradigm shift from:
+
+- being a chain-focused ecosystem where each parachain owned an execution core at all times
+ (acquired through fixed parachain slots), which allowed a simple and secure, sharded execution
+ environment
+- to being an application-focused ecosystem where where we remove the assumption that each
+ application owns a core, and instead that all cores are a resource to be consumed and used as
+ needed by all applications.
+
+Previously, securing a parachain slot was a competitive process through an
+[auction mechanism](../learn/learn-auction.md). With coretime rental, there is no need for slot
+auctions anymore. Teams can either purchase some instantaneous coretime, or reserve bulk coretime as
+required. This greatly decreases the barrier-to-entry for software tinkerers and parachain teams.
+
+On top of those main changes, [agile core usage](#agile-core-usage) and
+[coretime allocation](#agile-coretime-allocation) will allow any application to access Polkadot's
+computation based on their needs without wasting valuable blockspace. [Accords](#xcm-and-accords)
+will improve cross-chain communication and the security guarantees of XCM messages. Finally,
+Polkadot itself will scale by moving on-chian logic into its own system parachains, allowing it to
+have more bandwidth for the [parachains protocol](../learn/learn-parachains-protocol.md) and
+accords.
+
+## From Slot Auctions to Coretime Marketplace
+
+The end product of blockchains is [**Blockspace**](./polkadot-v1.md#polkadots-blockspace).
+Applications need to access Polkadot's blockspace, and the entry points to blockspace are the cores.
+Thus, applications will need to reserve some time on cores or **Coretime** to gain the right to
+access Polkadot's secure blockspace and interoperability for a finite period.
+
+Cores must be agile and general: they can change what job they run as easily as a modern CPU. It
+follows that the procurement of those cores must be agile as well.
+
+The slot auction mechanism is not agile, creates high entry barriers, and is designed for
+long-running single applications (i.e., the original Polkadot vision proposed in the whitepaper).
+
+We depart from the classic lease auctions and propose an agile marketplace for coretime, where
+essentially **coretime becomes a commodity that can be tokenized, sold and traded**. This setup
+maximizes the agility of Polkadot and lets the market figure out the best solution needed for
+applications to be successful.
+
+Applications will be able to reserve **bulk coretime** and **instantaneous coretime** depending on
+their needs. Bulk coretime rental will be a standard rental of coretime through a broker system
+parachain at fixed price for a fixed period of time. Instantaneous coretime rental will be available
+through ongoing sale of coretime for immediate use at a spot price. This system will lowers the
+barrier-to-entry for prospective builders.
+
+Revenues from coretime sales can for example be burnt, used to fund the Treasury, or used for a mix
+of those options. The topic is currently under discussion. For more information, see
+[RFC-0010](https://github.com/polkadot-fellows/RFCs/pull/10) and
+[RFC-0015](https://github.com/polkadot-fellows/RFCs/pull/17/files).
+
+## From Chain- to Application-centricity
+
+Polkadot 1.0 was a chain-centric paradigm consisting of isolated chains able to exchange messages.
+This was not fundamentally different from having completely different chains connected to bridges,
+with the only difference of having the relay-chain securing the network, providing message-passing
+capability, and doing some extra tasks such as [crowdloans](../learn/learn-crowdloans.md),
+[auctions](../learn/learn-auction.md), [staking](../learn/learn-staking.md),
+[accounts](./learn-accounts-index), [balances](../learn/learn-balance-transfers.md), and
+[governance](../learn/learn-polkadot-opengov.md). Having a chain-centric system will ultimately end
+in chain-centric application and UX.
+
+The true innovation of Polkadot is about leveraging the unique value proposition offered by
+different chains and using those chains’ collaborative potential to build inter-chain applications
+to solve real-world problems. Those applications will thus need to span across chains.
+
+**Increasingly fewer tasks will be handled by the relay-chain** that will focus efforts only on
+primary tasks: securing the network and providing secure message-passing capability.
+[System parachains](../learn/learn-system-chains.md) will be used to take over secondary relay-chain
+tasks such as staking, governance, etc.
+
+### XCM and Accords
+
+[XCMP](../learn/learn-xcm.md) is the transport layer for delivering XCM messages. It gives the
+transportation method and a secure route but not a framework for binding agreements.
+
+[XCM](../learn/learn-xcm-transport.md) is a format, a language of intention abstract over
+functionality common within chains. It creates an expressive language of what you intend to do or
+want to happen. XCM messages are transported between different chains using XCMP. Ideally, in a
+fully trustless environment, strong guarantees ensure chains faithfully interpret XCM messages. We
+can have a secure mode of delivering messages that can be interpreted across protocols, but still
+messages might be misinterpreted. These guarantees can be achieved with accords.
+
+An **Accord** is an _opt-in_ treaty across many chains, where treaty logic cannot be changed or
+undermined by one or more of those chains, and Polkadot guarantees faithful execution of this logic.
+Accords will be specific to a particular function, and any chain that enters the accord will be held
+to it and will service that particular function. To lower the entry barrier, accords can be proposed
+permissionlessly, but because they are opt-in, the accord proposal will take effect until chains
+agree and sign up.
+
+To sum up, accords ensure that XCM messages securely sent via XCMP channels are faithfully
+interpreted by the receiver. Accords are the missing piece of the puzzle to achieve a fully
+trustless and collaborative environment between applications.
+
+Polkadot is the only ecosystem where accords can properly exist because it has an homogenous
+security layer that also provides a specific state transition function for each of its logic
+components. This allows patterns of cooperation between multiple logic components (i.e.,
+trans-applications) that would not be possible to achieve over bridges.
+
+Accords will be implemented using [SPREE technology](../learn/learn-spree.md).
+
+## Core Usage in Polkadot 1.0
+
+In Polkadot 1.0, applications produced blocks at a fixed rate of 12 seconds, whether needed or not.
+This led to inefficient energy allocation and economic incentives for producing full blocks under
+heavy traffic and empty blocks under light traffic.
+
+The figure below shows the core usage for Polkadot 1.0, where the horizontal axis is time, and each
+row represents a core. Colors show different parachains, each using one core (i.e., one parachain,
+one core formula).
+
+
+
+The above setup allowed a **simple and secure, sharded execution environment**.
+
+However, to achieve full efficiency blocks must be produced when needed, and the system must target
+full block capacity lowering the probability of incentivizing validators to build blocks half full
+or, worse, empty.
+
+## Agile Coretime Allocation
+
+In Polkadot 1.0, coretime is a fixed two-year period on one specific core. Here we remove this
+limitation and generalize coretime usage to meet different application needs.
+
+### Split Coretime
+
+Owners of coretime can split or trade it. An application A1 can run on core C1 for a finite period
+and then another application A2 can run on that core, or application A1 can continue running on
+another core C2. Some applications might stop running for some time and resume later on.
+
+
+
+### Strided Coretime
+
+Ranges can be strided (i.e., applications can take turns on a core) to share costs or decrease block
+production rate, for example.
+
+
+
+### Combined Coretime
+
+An application can be assigned to multiple cores simultaneously. Some applications can have a
+permanent core assignment and an intermittent one, for example, in a period of high demand to send
+multiple blocks to multiple cores at the same time slot to reduce latency.
+
+
+
+## Agile Core Usage
+
+In Polkadot 1.0 the one core is assigned to one application (in this case equivalent to a
+parachain). Ideally, core affinity (i.e., which application operates on which core) is unimportant
+(see below). Cores do not have any higher friendliness to one application than another.
+
+
+
+Here we remove the assumption that each application owns a core, and instead that all cores are a
+resource to be consumed and used as needed by all applications in the ecosystem.
+
+### Compressed Cores
+
+The same core can secure multiple blocks of the same application simultaneously. Combining multiple
+application blocks in the same relay chain core will reduce latency at the expense of increased
+bandwidth for the fixed price of opening and closing a block.
+
+
+
+### Shared Cores
+
+Sharing cores with other applications to share costs but with no reduction in latency. Note that
+this is different from the [split coretime](#split-coretime) where one core is used by multiple
+application at different times to share costs at the expense of higher latency.
+
+
+
+## Agile Composable Computer
+
+All the above options of agile [coretime allocation](#agile-coretime-allocation) and
+[core usage](#agile-core-usage) can be composable and enable the creation of an agile decentralized
+global computing system.
+
+
+
+Thus, this new vision is focused on Polkadot’s resource, which is secure, flexible and available
+blockspace that can be accessed by reserving some time on a core. Agility in allocation of coretime
+and use of cores allow for maximized network efficiency and blockspace usage.
+
+## Polkadot's Resilience
+
+Systems that have yet to be engineered with decentralization, cryptography, and game theory in mind,
+are breakable and prone to cyber-attacks. Polkadot is basing its resilience on different pillars:
+
+- **Preponderance of light-client usage:** Centralized RPC servers are common but susceptible to
+ attack and not trustless decentralized entry points to using blockchain-based applications. Light
+ client usage on Polkadot is possible through
+ [Smoldot](../build/build-substrate.md#how-to-use-substrate-connect).
+- **Zero-Knowledge (ZK) Primitives:** They can have a problematic effect on censorship and
+ centralization as having a big state transition function boiled down to a single proof of correct
+ execution is not currently a scaling solution to build resilient systems. However, a library of
+ richly featured and high-performance ZK primitives ready for specific use cases is being built.
+ The first use-case will be used to improve privacy for on-chain collectives such as
+ [the Polkadot Technical Fellowship](../learn/learn-polkadot-opengov.md#the-technical-fellowship).
+- **[Sassafras](../learn/learn-sassafras.md) consensus:** New forkless block-production consensus
+ algorithm replacing [BABE](../learn/learn-consensus.md#block-production-babe) and where block are
+ not produced unless they are expected to be finalized. This will provide several benefits, such
+ as:
+ - Improved security, parachain performance, and UX from being forkless
+ - Preventing front-running attacks through high-performance transaction routing where transactions
+ are included in blocks in one hop instead of being gossiped, and transaction encryption.
+- **Internode Mixnet:** Shielded transport for short messages that
+ - avoids leaking IP information for transactions, and
+ - introduces a general messaging system allowing users, chains and off-chain workers, smart
+ contracts, pallets, and anything else existing within a chain to exchange messages containing
+ signatures, intentions, etc.
+- **Social Decentralization:** Resilience is achieved by including many participants contributing to
+ the system and coming to decisions through on-chain governance. Involving as many people as
+ possible ensures resilience against spending becoming systemically misjudged and appropriately
+ directs wealth for spending treasury funds, salaries, and grants. Another crucial way of
+ decentralizing the network is ensuring experts on which the maintenance of the system relies upon
+ are incentivized and recruited over time by the Polkadot network and not by organizations within
+ the Polkadot ecosystem.
diff --git a/docs/learn/learn-guides-polkadot-opengov.md b/docs/learn/learn-guides-polkadot-opengov.md
index b7895057a16..af85402a213 100644
--- a/docs/learn/learn-guides-polkadot-opengov.md
+++ b/docs/learn/learn-guides-polkadot-opengov.md
@@ -74,7 +74,8 @@ submission and decision deposits back by issuing the `refundSubmissionDeposit` a
completed as passing or failing.
Users can not refund their submission deposit while the referendum is `Ongoing`. Similarly, users
-cannot refund their submission deposit if the proposal has `TimedOut` (failing to submit the decision deposit within a
+cannot refund their submission deposit if the proposal has `TimedOut` (failing to submit the
+decision deposit within a
{{ polkadot: :polkadot }}{{ kusama: :kusama }}-day
period will lead to a referendum timeout). This behavior exists so that users can refrain from
spamming the chain with proposals that have no interest from the community. If a proposal is in the
@@ -83,6 +84,7 @@ user to a runtime-configured account, like the treasury.
To refund your slashed deposit, you can start a new referendum and specifically request a refund
from the treasury. You need to make sure you have enough balance for a new submission and decision
-deposit, and you will need to select the right track to ask for a refund. For example, the [Small Tipper Track](../maintain/maintain-guides-polkadot-opengov.md#small-tipper) would be fine for
+deposit, and you will need to select the right track to ask for a refund. For example, the
+[Small Tipper Track](../maintain/maintain-guides-polkadot-opengov.md#small-tipper) would be fine for
any kind of deposit refund up to
{{ polkadot: 250 DOT :polkadot }}{{ kusama: 8.25 KSM KSM :kusama }}.
diff --git a/polkadot-wiki/sidebars.js b/polkadot-wiki/sidebars.js
index eb9593f39a6..6d7180d52bf 100644
--- a/polkadot-wiki/sidebars.js
+++ b/polkadot-wiki/sidebars.js
@@ -34,6 +34,7 @@ module.exports = {
},
items: [
"general/polkadot-v1",
+ "general/polkadot-direction",
],
},
{