Threshold
The whole proposal is written by ChatGPT... to do things we have already funded before.
Yeah, No.
PolkaWorld voted AYE！
Unanimous support!
Given the current importance of Polkadot Hub and its roadmap’s focus on introducing DeFi, we believe that bringing in a security and compliance company to support the Asset Hub’s compliance and attract financial institutions is a crucial step!
However, the proposal mentions potential benefits (an “estimated $1 billion in capital inflow”), but lacks detailed quantification (quarterly or staged progress) and evaluation criteria (such as growth rates, number of actual partnerships, or the amount of capital introduced). We hope the team can supplement the proposal with specific KPIs, clear quantitative indicators, and verification mechanisms.
Check out the full feedback here!
OG Tracker Rating 3/3
Clear display of deliverables✅
Clear display of a valid direct point of contact ✅
Clear display of proposal’s duration✅
OGT Rating aims to help voters make better informed decisions and direct proposers towards certain common-good practices. We are providing feedback based on 3 simple yet crucial criteria which we believe should be included in every OpenGov referenda.
Hey,
Have a few questions:
Will any of the code be opensource?
The polkadot DAO gets 17 licenses for 400k?
17x Enterprise Compass Licenses
Is there any Institutional clients that polkadot BD teams are in contract with that would utilize your solution?
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 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 zero aye and four nay votes from ten available members, with three members abstaining. Below is a summary of our members' comments:
Several voters expressed concerns about the proposal, citing misleading information and a lack of clarity. Some voters abstained, indicating uncertainty about the proposal's implications and the involvement of key organizations. Those who voted "nay" criticized the fairness of the proposal, arguing that it unfairly burdened the treasury while benefiting Merkle Science. They also noted that the costs associated with the proposal, particularly for monitoring and analysis, seemed excessive. Overall, there was a strong sentiment for a more equitable and transparent approach.
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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Edited
It has been asked whether Merkle Science collaborated with W3F for this proposal. I want to confirm that indeed W3F approached Merkle Science for a compliance solution and encouraged them to make this proposal. We also provided feedback on the proposal's draft. Finally, the grants team confirmed that this proposal is pretty competitive compared to other solutions.
On a personal note and without speaking on behalf of W3F, I think proposals such as this are useful. Our ecosystem needs compliance tools which are required by institutional investors. Ideally analytics and forensics companies would integrate Polkadot as part of their business development on their own dime, but the reality is that we need to incentivise the development of these tools if we want it to happen.
This particular proposal covers all the important aspects we need for Hub and the broader ecosystem and at a reasonable cost. I don't believe any of the tools are open-source but they publicise their attributions for years now, which, to my knowledge, are the only ones in their industry who does that.
TruthDAO voted AYE.
Reasons for support:
• The need for robust compliance infrastructure
• A potential alternative to Chainalysis/TRM, reducing compliance costs and supporting early-stage DeFi projects
• Removing barriers for institutional capital, helping increase liquidity and TVL across the Polkadot ecosystem
Suggestions for improvement:
• Implement a multisig wallet for fund management and disclose expenditure details on-chain
• Provide regular updates on the progress of institutional capital onboarding
You can read the full feedback here.
📖Truth DAO Governance Statement
🗳️ Delegate
"Before submitting this proposal on-chain, we are inviting feedback to ensure your views and perspectives are incorporated. Over the past months, Merkle Science has been approached by the community, Parity, and the Web3 Foundation to support the next growth chapter of the Polkadot ecosystem—the Asset Hub."
It's already on-chain ser.