Nova Wallet 7th Proposal: Retroactive Reimbursement: 1-Click Cross-Chain Swaps, Multisigs, Extended Ledger Support, Polkadot Vault v7.0 Support, Unified Address Format, Off-Ramps, Price Charts, DApp Browser Improvements, and more!

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980.37KUSDC
Status
Decision28d
Confirmation
4d
Attempts
1
Tally
92.4%Aye
7.6%Nay
Aye
27.95MDOT
Nay
2.31MDOT
  • 0.0%
  • 0.0%

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  • 0.0%
Support
0.66%
10.51MDOT
Issuance
1.6BDOT
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Dear Proposer,

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

The Medium Spender track requires 50% quorum (at least 4 aye votes) and simple majority of non-abstain votes 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 two aye and three nay votes from eight available members, with three members abstaining. Below is a summary of our members' comments:

The comments reflected both support and concerns regarding the proposal. Some voters lauded the team and the product’s contribution to Polkadot’s ecosystem, emphasizing that Nova Wallet played a vital role in user growth. Others questioned the sustainability of retroactively funded, high-budget wallet proposals, pointing out excessive treasury spending and the lack of alternative, competitive funding models. Several expressed worries that continually high funding without prior community consultation might fuel an inflationary trend. While there was acknowledgement of Nova Wallet’s innovation and success, critics urged a more coordinated approach with structured evaluations to ensure that funding allocations align more closely with sustainable practices.

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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TruthDAO vote: NAY

The proposed $130/hour rate exceeds our voting guideline of $100/hour. In addition, some members believe that, compared with wallets in the Ethereum ecosystem, all mature wallet tools in the Polkadot ecosystem should be self-sustaining and not rely on Treasury funding to continue product development.

See the full feedback here.

📖Truth DAO Governance Statement

💭 Email: open@truthdao.cn, Telegram

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