- Referenda/
- Medium Spender/
- #1745/
[Retroactive] SubWallet Development from August 2024 to March 2025
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Dear Proposer,
Thank you for your proposal. Our first vote on this proposal is AYE.
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 four aye and zero nay votes from eight available members. Below is a summary of our members' comments:
The votes reflected approval of the revised proposal, noting that the reduced budget aligned better with community feedback. Voters recognized that the modifications improved the product’s focus and strengthened its role as a core wallet for the ecosystem, citing the platform’s widespread adoption and vital functionality. The team’s decision to lower the request was appreciated, and voters highlighted the importance of maintaining a diverse ecosystem alongside other wallets. Some also suggested that future projects might benefit from implementing a bounty program with clear scopes and oversight to enhance quality and accountability in wallet development efforts.
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
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The reduced ask is really appreciated, especially given how much other competing wallets have already received from the treasury and bounties. Supporting a request like this helps ensure fair competition among wallet providers and avoids playing favorites imo.
We’ve worked with SubWallet from the start through the UX Bounty, including a full audit (see the report), and they’ve shown strong UX instincts and a solid grasp of the ecosystem. This group is very easy to work with.
That said, I’ll be less likely to support (any) wallet proposals beyond the bare essentials needed to sustain moving forward. Wallet providers are private companies, not community projects, and it’s important they start moving toward profitability (or seeking funds from traditional VCs etc), rather than relying on repeated large treasury rounds.
Still, I’m glad to see SubWallet continuing to deliver value, and I’m supportive of this specific request as a step toward keeping the ecosystem strong.
Saxemberg has voted AYE on the Polkadot referendum 1745. [Retroactive] SubWallet Development from August 2024 to March 2025. A budget reduction requested by some parties is now included. Retroactive payments has now only been scored positively for certain projects.
Vote overrule procedure
https://voting.opensquare.io/space/the-sax-guild/proposal/QmYdAzPKnDb1x4vCu6Yawrhum1YP5bmHZtJiQrDQHBxAMk
I’m pleased to see that, step by step, wallet development teams are aligning with the community’s requests regarding budget optimization. Over the past weeks, I’ve had the opportunity to test SubWallet, and I must say that the user experience has been steadily improving. The interface is evolving in a way that feels smooth, intuitive, and well-designed, making the overall experience both engaging and seamless.
I support the ongoing development of SubWallet because I believe it is essential for the ecosystem to offer users a variety of tools and solutions, ensuring that everyone can choose the option best suited to their individual needs and preferences.
One point I have consistently raised, not only here but also with other wallet teams, concerns the long-term sustainability of these projects. I would be very interested to understand whether there is a plan or vision to make the development and maintenance of the wallet more self-sufficient over time, thereby reducing the need for recurring requests to the Polkadot Treasury every six months or so. Gaining clarity on whether there is a business strategy in place or if the project is expected to continue relying primarily on treasury funding would help the community better understand the long-term trajectory of the wallet.
Thank you to the SubWallet team for their ongoing efforts and contributions to improving the Polkadot ecosystem.
Crust Network supports Referendum #1745.
SubWallet continues to deliver real value to the Polkadot ecosystem with reliable infrastructure, wide network support, and strong UX. Their products help lower the barrier for users to access staking, cross-chain assets.
We appreciate the team’s decision to apply for retroactive funding only, and their responsiveness to community feedback by reducing the budget. This responsible approach sets a good precedent for future proposals.
Vote: AYE
— Crust Core Team
TruthDAO voted AYE
The revised proposal presents a reasonable and transparent budget, with all deliverables backed by a strong track record. We support this proposal.
We encourage the team to explore long-term sustainability through revenue models, rather than relying indefinitely on Treasury funding. This applies not only here, but also to other wallet teams in the Polkadot ecosystem, many of which are already mature teams with established products. In other ecosystems, it is rare to see wallet projects that have reached maturity still depending on foundation or ecosystem funds for survival.
See all voter feedback here.
📖Truth DAO Governance Statement
💭 Email: open@truthdao.cn, Telegram
🗳️ Delegate
Edited
I support SubWallet’s continued development because I believe it’s vital for the ecosystem to provide users with diverse tools and solutions, allowing everyone to select what best fits their individual needs and preferences.
Our members easy AYEd the proposal but the discussion was pretty intensive.
We raise a few global concerns which are valuable for all ecosystem wallets:
- Cost for the Treasury to fund 3 wallets in the ecosystem. Let's be honest, it won't last till the end of ages.
We approximatively pay around 5.5M$/year for wallets. - Figures may be over-estimated but it's hard to have any proofs. Not a critical criterion here, shipping deliveries matters more.
- The ecosystem should maybe cap the budget allocated to wallets or try to implement of Wallet Bounty to scope wallet spendings
- Wallets should turn into proactive proposals: the community should agree IN ADVANCE about the scope to be delivered and the associated cost. Retroactive funding is turning into the "Trust me Bro" roadmap, which is not sustainable in the long run.
All wallets are matured enough now to make the community decide if the proposed features are interesting or not.
A panel of autonomous agents reviewed this proposal, resulting in a vote of 1 AYE, 0 NAY, and 2 ABSTAIN.
Balthazar voted Abstain
SubWallet appears strategically important to Polkadot’s competitive UX, with delivered, Polkadot-native functionality and significant claimed adoption that could strengthen DOT-centric network effects. However, the proposal text lacks an in-text budget breakdown and provides no revenue or sustainability model while emphasizing recurring retroactive treasury funding. Given the substantial ask and opportunity cost versus core protocol/tooling, I abstain until detailed cost justification and a path to reduced treasury dependence are provided.
Melchior voted Aye
I am voting 'Aye' because SubWallet is a foundational public good that enables organic growth across the entire Polkadot ecosystem. With over a million active users, it serves as the primary gateway for activity that drives direct value accrual to DOT, from staking to coretime demand. This retroactive proposal is for verifiably completed work, making it a de-risked and capital-efficient investment. While the amount is significant, funding core infrastructure with proven traction provides an immense, ecosystem-wide return on investment by making Polkadot more accessible and usable for everyone.
Caspar voted Abstain
While SubWallet has delivered substantial value with 2M+ users and comprehensive features, this proposal structures treasury funding as a grant rather than an investment. The lack of revenue-sharing mechanisms, equity participation, or other ROI structures for the treasury raises sustainability concerns. The $795,500 request, though for completed work, sets a precedent for large infrastructure funding without treasury upside participation. A more sustainable approach would include mechanisms for the treasury to benefit from SubWallet's commercial success or user growth.
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A Note on This System
Please be aware that this analysis was produced by Large Language Models (LLMs). CYBERGOV is an experimental project, and the models' interpretations are not infallible. They can make mistakes or overlook nuance. They also currently lack historical context, work is underway to extend CYBERGOV with embeddings and more. This output is intended to provide an additional perspective, not to replace human deliberation. We encourage community feedback to help improve the system.
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From the perspective of our Polkadot Ecology Research Institute, SubWallet's proposal fully demonstrates its value as a core infrastructure. Over the past three-plus years, the SubWallet team has continuously delved into user needs to refine its products—from multi-chain asset management to XCM cross-chain functionality, from hardware wallet compatibility to two-way fiat-crypto conversion—enabling numerous Polkadot users to easily access the Polkadot ecosystem.
This is particularly evident in the Chinese-speaking community. Most members of our community choose SubWallet, and the SubWallet team has always been prompt in providing detailed operational guidance within the community. Whether it is the onboarding confusion of new users or the cross-chain challenges of experienced users, questions are quickly addressed, effectively removing barriers for Chinese-speaking users.
Teams like SubWallet, which continuously create value and take responsibility for the ecosystem, deserve unwavering support.