![](https://i.ibb.co/9ktwMNtf/9jg57c.jpg)


Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is **NAY**.

The **Medium Spender** track requires **50% quorum and simple majority of all voters** according to our voting policy. This proposal has received **one aye and four nay** votes from **ten members**, with **two members abstaining**. Below is a summary of our members' comments:

> The voters expressed mixed opinions on the referendum, highlighting the need for certain adjustments. Many acknowledged the tool's utility and potential benefits for the community but criticized the request for funding in DOT rather than stablecoins. Abstentions were noted due to concerns about cost fluctuations, while several voters explicitly opposed the proposal, advocating for a model where funding requests are made in stablecoins.

The full discussion can be found in our [internal voting](https://voting.opensquare.io/space/permanence/proposal/QmRdmZmdAUNYzqXEjvPHB9sxNk7mUU7cS7J94esfSdJDuc).

Kind regards,<br>Permanence DAO

UPD. 

Please reject this proposal; we will resubmit it in stablecoins.

- Subsquid Lab is asking for funding to help pay for the upkeep of their SQD Archives, which hold important data for Polkadot and Kusama.
- They want to receive 58,852.91 DOT, worth about $264,838.09.
- The archives provide access to past blockchain data which is used by many popular applications.
- Recently, the demand for this archival data increased a lot, and the team improved their infrastructure to meet the needs.
- They launched a new version of their network, making it more decentralized and secure.
- The team also improved their tools for developers to make building applications easier.
- Over the last quarter, they served a large amount of data and handled many requests from users.

amount

beneficiary

Rejected

Submitted

DecisionDepositPlaced

DecisionStarted

medium_spender

SQD (fka Subsquid) - Public data indexing Infrastructure for Polkadot and Kusama (Q2 2024)

root

whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_tipper

big_tipper

small_spender

big_spender

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.