Encointer Treasury Proposal (budget halving)

Medium Spender

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Rejected

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AI Summary

In our recent referendum 33, DOT holders decided against funding Encointer’s current burn rate of 100kCHF/mt (1.5% of current treasury influx). Nevertheless, Encointer is deemed a valuable common good for the Dotsama ecosystem by many reputable individuals and projects in the Dotsama ecosystem.

With this adapted proposal we are budgeting with a 50% lower burn rate and aim to still achieve valuable goals similar to the ones described in the previous proposal on a relaxed timescale.

This proposal to the Polkadot Treasury shall cover our expenses for Sep-Dec 2023 (4mt)

The amount of the proposed spend is CHF 238’000 = USD 270’606 = 59'895 DOT

Please read our new detailed proposal document

Summary of Planned Actions

Rampdown to half budget
Experiment with more scalable approaches within the personhood trilemma design space, leveraging the primitives we already built
Field test the new Encointer Faucet as additional benefit of participation and onramp to KSM
Integrations with KILT, Polkassembly and possibly others

AAG appearances for this proposal: AAG59, AAG57, AAG55,

We encourage voters to use encoding of their reasons into the voting amount as proposed here

Encointer is a valuable common good for the Dotsama ecosystem. DOT holders decided against funding Encointer's current burn rate of 100kCHF/mt. Encointer is proposing a budget with a 50% lower burn rate for Sep-Dec 2023. The proposed spend is CHF 238,000 = USD 270,606 = 59,895 DOT. Encointer plans to ramp down to half budget, experiment with more scalable approaches, field test the new Encointer Faucet, and integrate with KILT, Polkassembly, and possibly others. Encointer encourages voters to use encoding of their reasons into the voting amount.