Polkadot Growth Initiative (PGI)

Dear all,

we shared the Polkadot Growth Initiative (PGI) in the Polkadot forum on the 9th of July, with over 535 views and 31 replies. The post received great input on how to improve the initial PGI concept, which we've incorporated.

From the initial Polkadot forum post to the treasury proposal (Referenda: 1,039) the investment threshold for the PGI was raised from initially 23.33% to 33.33% of the funding target of a raising project, following inputs from the discussion in the Polkadot forum with the community.

The PGI is meant to be a success booster without lowering the threshold for projects to pass the raise.

Ultimately, the PGI’s value proposition is to help fund promising projects coming to Polkadot and increase their probability of success. DOT holders benefit directly through the usage of more blockspace by those teams, and hence increased coretime sales, and indirectly by starting a positive flywheel effect once the first success stories helped by the PGI emerge.

Polkadot Forum Post:
https://forum.polkadot.network/t/polkadot-growth-initiative-pgi/9028

Proposal Document:
https://docs.google.com/document/d/1nx-M5QAnqEkCD5d082BrKI3ISn5YjAK4rNAk4WnMhgo/

Update on 5.8.2024:
The PGI will not seek a top up to account for the difference in USD payments.

The PGI is a success booster for Polkadot ecosystem projects to support the ecosystem in the best possible path forward. Project funding and the primary markets are strongly correlated to market movements as is the PGI’s allocation which goes in line with its 10% fixed co-investment in deals reaching the 33% funding target from external investors.