Retroactive Fund - Optimizing Polkadot Multisig: Mimir’s Enhanced Features & Ecosystem Integration

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157KUSDT
Status
Decision28d
Confirmation
4d
Attempts
1
Tally
99.6%Aye
0.4%Nay
Aye
46.68MDOT
Nay
167.77KDOT
  • 0.0%
  • 0.0%

    Threshold

  • 0.0%
Support
0.68%
10.66MDOT
Issuance
1.57BDOT
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Hello,

According to reference websites such as (https://msadvisory.com/average-salary-in-china/), (https://uiuxjobsboard.com/salary/ui-ux-designer/china) and (https://www.glassdoor.com.ar/Sueldos/shanghai-ux-designer-sueldo-SRCH_IL.0,8_IM999_KO9,20.htm), the salaries in China with senior experience for the positions presented are as follows (Average Monthly Salary) :

PM: 20,000 – 40,000 CNY = 2,775.08 - 5,550.16 USD

Dev: 20,000 – 40,000 = 2,775.08 - 5,550.16 USD

UI/UX: 15,000 – 30,000 CNY = 2,081.31 - 4,162.62 USD

Research: 15,000 – 30,000 CNY = 2,081.31 - 4,162.62 USD

However, in your application for all cases, it is more than double that. What justification could you provide to validate your requirements?

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Up 1

PolkaWorld voted AYE

With two-thirds in favor and one-third opposed.

Supportive points:

  1. The project has already been adopted by several ecosystem projects, with positive feedback that demonstrates both product quality and genuine demand.
  2. The project has not yet charged partnered ecosystem projects, falling within the scope of fundable public goods.
  3. The proposal provides clear, itemized explanations of fund usage and milestone plans, facilitating community oversight of fund allocation and evaluation of deliverables. This transparency helps build trust and confidence.

Opposing point:

There’s a question of whether ongoing development of projects in the Polkadot ecosystem should all rely on Treasury funding. There’s a need to establish a sustainable long-term business model.

For full comments, please visit here.

Edited

Reply
Up 1

Dear Proposer,

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

The Medium Spender track requires 50% quorum and simple majority of non-abstain voters according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received seven aye and zero nay votes from ten available members. Below is a summary of our members' comments:

The voters expressed strong support for the Mimir team, highlighting their effective execution and positive results over the past year. Many emphasized the importance of multisig enhancements and the team's capability in delivering valuable solutions for DAOs. They looked forward to additional features and improvements, noting the recent UX Bounty audit that garnered constructive feedback. Overall, the sentiment reflected confidence in Mimir's strategic direction and commitment to user-focused development, indicating a positive outlook for future advancements.

The full discussion can be found in our internal voting.

Please feel free to contact us through the links below for further discussion.

Kind regards,
Permanence DAO
Decentralized Voices Cohort IV Delegate

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Reply
Up 1

Truth DAO voted AYE.

Polkadot’s multisig tools currently hold less than one-third of the market share compared to Ethereum’s ecosystem (according to the Electric Capital 2024 report), and Mimir’s excellent UI/UX has become essential for managing multisigs on Polkadot.

The need for multisig construction: With the rise of complex OpenGov proposals and the increasing complexity of appchain transaction construction, a robust multisig transaction construction tool has become a necessity.

Additionally, members highlighted that this project fills a gap in Polkadot’s enterprise-level multisig management tools, supporting the ecosystem’s scaling efforts. The product has already been adopted by several ecosystem projects, receiving positive feedback, which proves both its quality and necessity. It’s worth noting that the project is currently not charging partnered ecosystem projects, positioning it within the scope of fundable public goods.

It’s recommended to consider introducing a sustainable business model in the future.

You can find the full feedback here.

Reply
Up 1