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

treasurer

TimedOut

Dear community,

With an upcoming runtime upgrade we should see the decommissioning of Governance 1.0 on the Polkadot network.  Associated with this are several unlocks of deposits including those associated with Treasury Spend Proposals.  There are already several teams who have requested immediate return of their deposits via tips or spend proposals on OpenGov or tips on Gov 1.0.  

This referendum seeks to reduce the number of refund requests and prevent double spends by:

- Slashing treasury deposits already returned to proposers 
- Slashing treasury deposits for proposers who have pending OpenGov proposals requesting or incorporating same
- Slashing Gov 1.0 tips and treasury deposits for applicable proposers. The proposers would have their treasury funding and tip deposit returns to their respective accounts
- Treasury deposits would be slashed and refunded to all those not matching the criteria to any of the above

The list of recipients was determined with collaboration with Otar who been keeping track of such refunds.  

Regards,
 


Executed

Rejecting Gov1.0 Treasury Proposals and Facilitating Bond Reimbursement where applicable



GenesisDAO is a Substrate-based blockchain designed to facilitate the creation and management of Decentralized Autonomous Organizations (DAOs). Leveraging Substrate, our core functionality is built as a first-class citizen of the blockchain protocol, ensuring seamless and efficient DAO management. 

We received a [$100,000 grant from the W3 Grants Program](https://github.com/deep-ink-ventures/Grants-Program/blob/master/applications/GenesisDAO.md) to develop the core functionality. As a result, we have completed the backend and Substrate development, design, and wireframes, and are now in the final stages of perfecting the frontend flow.

**Genesis DAO is already operating on testnet**

[Node Explorer](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fnode.genesis-dao.org#/)

[Backend Service Documentation](https://service.genesis-dao.org/redoc)

[Frontend (Under Development)](https://www.genesis-dao.org/)


**The respective code is open source**

[Node](https://github.com/deep-ink-ventures/genesis-dao-node)

[Backend](https://github.com/deep-ink-ventures/genesis-dao-service)

[Frontend](https://github.com/deep-ink-ventures/genesis-dao-frontend)

We are currently working on a hook point framework that allows to build plug-ins and extensions to customize the core functionality of a substrate based chain. The development has already begun and the specs can be found [here](https://docs.google.com/document/d/19ti063rdgLdgl6a0idQLmYx0_5lbluYhbT7J_LhTgtw/edit#heading=h.x5875vny9rcd).

_GenesisDAO_ is the first use case and the first implementation of _Stylograph_ as _Genesis DAO_ will have a marketplace, an ecosystem and an open source community to build complex DAO tooling on top of the core infrastructure. 

Within this treasury proposal we are introducing the first components for this. 

They will be loosely coupled, meaning that other ink! protocols can utilize this functionality even outside of DAO contexts (e.g. the vesting wallet can be used for token issuance to investors) and will serve - alongside with friendly documentation - as a starting point for others to explore the potential of Stylograph. 

Please read the full specifications of this proposal [here](https://docs.google.com/document/d/1yyEBa43plj-PzlrEnK6JT5CKqyvBDUrYiR1N6984fhk/edit#).

**About Us**

[Deep Ink Ventures](http://deep-ink.ventures) is a technical venture builder, with an exclusive focus on blockchain powered start-ups. We are developing startups in the space from the early phase to production. Our team is built up by founders with a proven track record in the space.

[11] Origin: Treasurer