Empowering the Polkadot Community: Let's Decide the Future of Treasury Burns Together!

Dear Polkadot Community,

As we collectively navigate the exciting journey of building the future of decentralized ecosystems, it's essential that we, the DOT holders, actively participate in shaping the economic landscape of our beloved Polkadot network. Today, I'd like to propose a community-driven initiative that involves each one of us in deciding the future percentage of funds burnt from the Polkadot Treasury at the end of each period.

Why Consider Increasing the Burn Percentage?

Increasing the burn percentage isn't just about economics; it's about prudent financial management. By burning a higher percentage of treasury funds, we can potentially limit unnecessary expenses, promoting a more efficient allocation of resources and reinforcing our commitment to responsible governance.

Proposal: Community Polls for Treasury Burn Percentage Increase

We propose introducing community polls to determine the incremental increase in the burn percentage of the Polkadot Treasury at the conclusion of each predefined period. This approach ensures that every DOT holder has a say in shaping our economic model.

Key Points of the Proposal:

Transparent Decision-Making: Establish clear criteria, potentially linked to network metrics, tokenomics, and project milestones, and make them transparent to the community.
Regular Governance Polls: Conduct periodic polls to gauge community sentiment on burn rate adjustments. Your voice matters, and this will be our way of collectively deciding the trajectory of our network.
Smart Contract Implementation: Utilize smart contracts to automate the execution of the chosen burn rate as determined by the community polls. This ensures a trustless and transparent execution of our decisions.