### Polkadot Fellowship `spend()` Extrinsic

- **New Feature**: Introduced in Polkadot Runtime 1.1.
- **Purpose**: Allows multi-asset Treasury spends (e.g., DOT, USDT, USDC) from AssetHub.
- **Benefits**:
  - Instant payments instead of waiting 24 days.
  - Pay proposers in USD to avoid exchange rate risk.
  - Set up monthly payment plans and cancel scheduled payments.
- **Test Proposal**: Aimed to tip Alice and Bob 69 USDT on AssetHub.
- **Challenges**: Initial instructions had errors, leading to a failed proposal.
- **Amount**: 69 USDT (69,000,000 with 6 decimals).
- **Beneficiary**: Polkalytics, the company account of Alice and Bob.
- **Status**: First-time testing in production; potential for further errors.

Executed

small_tipper

The Polkadot Fellowship proposes to test the new `spend()` extrinsic that supports multi-asset Treasury spends from an XCM multi-location to be paid out at a specific block. The proposal aims to raise awareness and test the extrinsic by tipping Alice and Bob 69 USDT on AssetHub. The suggested amount is 69 USDT, and the beneficiary is Polkalytics.

Test the brand-new spend() extrinsic

TimedOut

Wrong preimage - Please vote NAY

Inflation is too high, which stops new people from joining. A solution is to have a fixed supply and use a certain percentage of what's left as inflation. The total maximum supply could be 2.1 billion, which is related to Bitcoin. If we have 1.4 billion tokens now, that means we have 700 million left to use as rewards. A good number for inflation could be 10% of what's left. So, in the first year, the staking rewards distributed will be 70 million (10% of what's left). In the next year, only 63 million will be distributed because only 630 million will be left. This way, we never run out of tokens, and the amount distributed always gets less. This might make Polkadot more appealing to people.

Rejected

wish_for_change

WHO: Proposal author

WHAT: Proposing a fixed supply and using a certain percentage of leftover tokens as inflation for staking rewards in Polkadot

PRICE/TIMEFRAME/RESOURCES: Not specified

Reducing inflation - VOTE NAY

- **Current Spending Periods**: Currently set at 24 days, these periods cause delays in funding.
- **Referendum Process**: It takes up to 28 days for a referendum to pass.
- **Confirmation Time**: An additional 7 days are needed for confirmation.
- **Cumulative Delay**: If confirmation ends on the first day of a new spending period, another 24 days are required, totaling up to 2 months.
- **Arbitrary Duration**: The 24-day period is considered arbitrary and problematic.
- **Proposal for Change**: Suggest reducing the spending period to the shortest possible time, ideally one day or one week if technically feasible.
- **Purpose of Change**: The shorter the period, the less uncertainty and quicker the funding process.

Proposal: **Reduce spending period to shortest possible time, ideally 1 day, or max 1 week, to avoid 2-month wait for funds.** Current 24-day period causes unnecessary uncertainty. Timeframe/resources not specified.

Reducing duration of spending periods

- The Polkadot EVM Collective is a group that works on everything related to EVM (Ethereum Virtual Machine) on Polkadot.
- It has four main goals: standardizing EVM changes, making development transparent, creating a roadmap, and providing expert advice.
- Members are ranked as Junior or Senior, and their roles define their responsibilities, like maintaining projects or editing documents.
- The collective uses a flat ranking system, meaning ranks only affect voting power, not other benefits.
- Members must stay active by participating in regular checks, or they lose voting rights and roles.
- The collective plans to have its own salary and treasury system, but funding will be decided by Polkadot referendums.
- Small collectives are preferred over one big group because they are faster, clearer, and easier to manage.

WHO: Polkadot EVM Collective
WHAT: On-chain technical collective for EVM standardization, development and maintenance, creating an inclusive roadmap, and providing expert opinions
PRICE/TIMEFRAME/RESOURCES: Salary and sub-treasury system for future use with values set to 0, any increase or funding only done through Polkadot referendums. Inactivity check utilized to ensure active members, with ranks and roles defining voting power and responsibilities. Seeding members subject to final vote of a root referendum. Small collectives deemed more effective for carrying out tasks. Flat ranking system with two ranks and separate concept of roles to define responsibilities.

Approve the Polkadot EVM Collective

- Encode Club is sharing a plan for 2024 to help the Polkadot ecosystem grow.
- They have 3 years of experience and want to attract new developers and support current ones.
- Their past successes include hackathons, workshops, and helping projects get funding.
- The 2024 plan includes educational programs, hackathons, and events to support talent.
- They are asking for $385,000 in funding, split into three parts over six months.
- More details about their past work and future plans are in their proposal and presentation.
- They are excited to continue working with the Polkadot community to make a big impact.

medium_spender

WHO: Encode Club
WHAT: Introducing a comprehensive year-long programme designed to attract new developers, support the current ones, guide mature projects towards creating significant startups and foster new talent in the ecosystem.
PRICE/TIMEFRAME/RESOURCES: Requesting funding of $385k split across 3 tranches of $128,333 in DOT (17,898.60 DOT based on Subscan MA of 7.17) immediately (July 2024), after 3 months (October 2024) and after 6 months (January 2025).

Elevating the Polkadot Ecosystem: Encode x Polkadot Programme 2024 

Delegations are a good idea for some decisions, but not for very important ones. Some tracks, like Root, Wish for Change, and Treasurer, are too important to trust others with. This is because they can change the rules a lot or spend all the money. It's like how you can trust someone to sign a paper for you, but not for big life events like marriage or divorce. We should be careful with who we trust for these important decisions to keep the system safe. This idea is not just for one group, but for all important choices.

Proposal: Do not allow delegations on vital tracks (root, wish for change, treasurer) to protect system integrity. Delegation is good but risky for extreme importance. No specific target. No price/timeframe/resources mentioned.

Restrict delegations on root and treasurer tracks

- Some important decisions in a system should not be delegated to others.
- The Root track, Wish for Change track, and Treasurer track are very important and should not be delegated.
- Delegation is good for less important tasks but risky for critical ones.
- Important decisions, like marriage or divorce, should not be handled by someone else.
- This is to protect the system and make sure important decisions are made carefully.
- It’s not about targeting anyone, but about keeping the system safe.

root

Proposal: Do not allow delegations on Root, Wish for Change, and Treasurer tracks due to their vital importance. Trusting a third party for such critical actions is risky. This is not targeted at DV, but rather to protect the system's integrity. No specific price/timeframe/resources mentioned.

error - vote NAY

### BlockDeep Labs Summary

- **Background**: BlockDeep Labs is a spin-off from Parity's solution engineering team, with over 5 years of experience in Substrate-based chain implementation.
- **Grant**: Secured a grant from the Web3 Foundation to deliver the Mythos Parachain.
- **Problem**: New teams in the Polkadot ecosystem lack high-quality support due to the decentralization of Parity's go-to-market functions and the scaling down of the Substrate Builders Program.
- **Proposal**: Expansion of service offerings to foster Polkadot ecosystem growth, including coretime usage-based technical support, Substrate code reviews, Polkadot release analysis, and a delivery partners program.
- **Coretime Usage Support**: Offers free access to engineering resources based on coretime usage, aiming to gamify and educate about coretime concepts.
- **Substrate Code Reviews**: Provides detailed technical feedback and support to builder teams, aiming to maintain high-quality standards in the ecosystem.
- **Polkadot Release Analysis**: Reestablishes detailed analysis of Polkadot releases to enhance visibility of breaking changes.
- **Delivery Partners Program**: Trains and accredits Substrate engineering companies, enhancing Polkadot's visibility and ecosystem support.
- **Team**: Led by Gautam Dhameja, with experienced Substrate engineers and a project manager.
- **Budget**: Requests $577,745 (81,718 DOT) for 6 months to deliver these services.

WHO: BlockDeep Labs, a spin-out of the former solution engineering team at Parity.

WHAT: Proposes to offer technical support and advisory services to Polkadot ecosystem teams, including coretime usage-based support services, Substrate code reviews, Polkadot release analysis, and delivery partners program.

PRICE/TIMEFRAME/RESOURCES: The proposal requests funding of 81,718 DOT for a 6-month period from June 1, 2024, to November 30, 2024, with a total budget of USD 577,745 (including VAT). The budget includes costs for code reviews, release analysis, coretime-based support, on-chain badging system, ecosystem services coordination, and entity management.

BlockDeep Labs: Ecosystem Services Proposal for Polkadot Treasury

- The Polkadot Ecology Research Institute is a group that studies and supports the Polkadot ecosystem, especially in Asia.
- They have been helping Polkadot since 2019 and have received support from the Polkadot treasury 7 times.
- They write articles about Polkadot, which have been read over 60 million times.
- They have helped organize more than 70 Polkadot events and supported over 110 Polkadot projects.
- They also help projects connect with investors and provide free support to global Polkadot projects.
- They are asking for funding to cover their daily costs for the next year.
- They published a detailed report on Polkadot’s future, which is very popular in Asia.
- This is their 8th time asking for funding from the Polkadot treasury.

WHO: Polkadot Ecology Research Institute

WHAT: Applying for 12 months of operational funding for personnel expenses to cover day-to-day operational costs of the institute.

PRICE/TIMEFRAME/RESOURCES: Not specified.

The operating cost for the research organization Polkadot Ecology Research Institute for 2024/4-2025/3

- This is a plan to use treasury funds for a big Web3 event in Spain called Merge Madrid.
- The event bounty system is too slow for this big plan.
- The Spanish Bounty has a limit that is too small for this event.
- Merge Madrid is a 3-day event for 4000 people.
- Polkadot will have a VIP dinner, a booth, and time to speak on stage.
- The goal is to tell more people in Spain about Polkadot.
- It helps Polkadot connect with businesses, developers, and the community.

Polkadot proposes to sponsor and participate in Merge Madrid, the most important Web3 event in Spain, attracting 4000 attendees. The event will span 3 days, and Polkadot will have a 12m2 booth, a 15-minute presentation on the Main Stage, 2 speaker allocations on the main stage, 30 minutes of workshop, a sponsored session on the main stage, and brand visibility at the national and international levels. The proposal is being presented through the treasury due to the complexity of the proposal, the commitment of the team with the event, and the need for a quick response. No specific price, timeframe, or resources are mentioned in the summary.

Sponsorship and Side Event: Merge Madrid

Polkadot Decoded Asia is a big event happening on September 16-17, 2024, in Singapore. It is a part of the Singapore Token 2049 week. The event is for people who are interested in Polkadot and want to learn more about it. It will have many activities like presentations, exhibitions, and social gatherings.

The event is important because it brings people from different countries in Asia together to talk about Polkadot and its growth. It also helps people who cannot travel to Europe for the main event in Brussels, Belgium. The event will be in Chinese and English.

The person who proposed this event is Aitijia'er, a company in China that has organized big Polkadot events before. They asked for $328,053.04 (54,121DOT) to make this event happen.

The event will have many things to do, like listening to people talk about Polkadot, watching demonstrations, and meeting new people. There will also be a job fair for people who want to work with Polkadot.

The event is free for everyone who wants to join, and they will give out free NFTs as proof of attendance. They will also share a report after the event with all the details about what happened.

In summary, Polkadot Decoded Asia is a big event in Singapore for people who want to learn more about Polkadot and meet others who are interested in it too.

Proposal: 2024 Polkadot Decoded Asia (Singapore) September 16 -17 (During the Singapore Token 2049 week)

Please vote NAY

- Polkadot-API is a project to help developers build decentralized apps.
- It’s built on PolkadotJs but aims to do even more.
- The project focuses on making tools that are easy to use and work well with light clients.
- The team recently shared updates and added a new member, @carlosala.
- They are asking for feedback on a funding proposal to keep the project going.
- You can read more about the proposal in a Google Doc.
- The team includes @Josep, @carlosala, and @voliva.

WHO: Polkadot-API development team

WHAT: Seeking financing for maintenance and development of Polkadot-API through treasury proposals

PRICE/TIMEFRAME/RESOURCES: Details in the google doc provided in the post

Polkadot-API: Apr-Jul development financing

- The `pallet_bridge_grandpa` at Polkadot Bridge Hub is in an inconsistent state due to a bug.
- The bug involves how the GRANDPA light-client handles validator set changes after slashing.
- This bug caused Kusama to Polkadot traffic to get stuck.
- An upgrade is being prepared to fix this issue.
- A Polkadot runtime upgrade (to 1.2.0) is already up for a vote.
- The fix will be applied after the runtime upgrade.
- The proposal to fix the bug is on the Whitelisted Caller track.
- A parallel submission is being voted on by the Fellowship to whitelist the proposal.

whitelisted_caller

WHO: Polkadot Bridge Hub

WHAT: Fixing a bug in the Polkadot-GRANDPA-light-client running BH that causes traffic to be stuck between Kusama and Polkadot.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Polkadot Bridge Hub 1.2.2 upgrade: Unstuck bridge with Kusama

### Phala Network Referendum Summary

- **Purpose**: To transfer $PINK tokens from Phala's sovereign account on Polkadot to a sibling account on AssetHub.
- **Background**: Phala received 18,862,885 $PINK tokens from the PINK team, but mistakenly provided the wrong account.
- **Issue**: The sovereign account on AssetHub cannot be controlled directly, so the tokens cannot be moved without a referendum.
- **Solution**: A referendum is needed to move the tokens via XCM from Polkadot.
- **Outcome**: If passed, the tokens will be moved to the correct sibling account.
- **Distribution**: The tokens will be distributed to the Phala community based on a strategy proposed by the community.
- **Community Involvement**: The distribution plan was discussed and approved by the Phala community.
- **Next Steps**: Community members are encouraged to vote on the referendum.

Cancelled

Phala Network proposes a referendum to move $PINK from their sovereign account to their sibling account on AssetHub, to distribute it to their community. The proposal needs a referendum to send an XCM message from Polkadot, and the distribution will follow a strategy proposed by the community.

Proposal for unlocking $PINK from Phala soverign account to sibling account

- A refill of 500k was confirmed yesterday, and another 500k is requested.  
- Marketing bounty funds are empty, and the next spending period is 22 days away.  
- The bounty will run on credit, promising influencers payment later, creating debt.  
- The price of DOT dropped by almost 50% since the last refill.  
- Community feedback shows people prefer transparency over cost savings.  
- Influencers offer discounts if prices are kept private, but the community wants full transparency.  
- Transparency will increase costs by 50% to 100%, but it will show detailed spending.

big_spender

WHO: The person making the proposal
WHAT: Requesting a refill of 500k for marketing bounty
PRICE/TIMEFRAME/RESOURCES: Not specified

Requesting a refill for marketing bounty number #33

treasurer

vote NAY

- G6 Networks helps governments, banks, and companies use blockchain easily.
- They use Polkadot's technology to connect traditional systems with Web3.
- G6 Networks has created special devices to make private blockchains and connect them securely.
- Their technology includes strong security features like Zero-Knowledge protocols.
- They have already worked with Mandala Chain and have agreements in Indonesia and UAE.
- G6 Networks is asking for $244,200 from the Polkadot Treasury to grow their project.
- They were founded by David Pethes and are part of CCTF DAO, a security auditing company.

G6 Networks seeks funding from the Polkadot Treasury to expand and develop their blockchain infrastructure for governments, banks, and enterprises. They have already brought Mandala Chain, Mosaic Chain, and two MOUs to the Polkadot ecosystem. The requested budget is 244,200 USD, and they aim to simplify complex integration processes through their physical G6 devices, which support private, permissioned, and cross-chain functionalities.

G6 Networks: Polkadot Ecosystem Expansion with Institutions

A new proposal called "Business Development Spain & Andorra Curators" has been approved. The goal is to bring more clients from Spain and Andorra into the Polkadot ecosystem. These clients can build a Parachain, develop a Dapp, or create a plug-in through an existing Parachain. Three experienced curators, Nick Dunford, Ezio Rojas, and Ben Sheppard, will help with this project. They will analyze and discuss potential rewards for clients based on the impact and difficulty of their work. The curators will also provide information on rewards and create a report every 2 months about the progress and work done. This proposal was approved on April 19th, 2024.

WHO: Nick Dunford, Ezio Rojas, and Ben Sheppard

WHAT: Business Development in Spain and Andorra to attract potential clients to integrate into Polkadot ecosystem

PRICE/TIMEFRAME/RESOURCES: Curator reward of 10% of total bounty payout; ongoing reporting every 2 months on progress and budget spent.

Curators Candidates - Bounty #40

### Summary of Polkadot Referendum

- **Purpose**: Enables async-backing on Polkadot, allowing parachains to produce blocks faster.
- **Runtime Upgrade**: Activated in Polkadot runtime version 1.2.0.
- **Block Production**: Parachains can choose to produce blocks every 6 seconds instead of 12 seconds.
- **Testing**: Async-backing has been tested on Rococo, Westend, and Kusama.
- **Dependencies**: Requires Polkadot runtime v1.2, which is part of another referendum.
- **Known Issues**: Validators need to upgrade to version 1.8 or higher for smooth operation.
- **Action Needed**: Un-upgraded validators should upgrade to avoid issues.

Polkadot proposes enabling async backing, allowing parachains to produce blocks at a faster rate. This will be enabled with the Polkadot runtime upgrade 1.2.0, and after the referendum, parachains can decide to produce blocks at a 6s rate. No critical issues are known, but validators need to upgrade to a version higher than v1.8. Whitelisted by the Subsquare fellowship, testing has been done on Rococo, Westend, and Kusama.

Enable async backing on polkadot

Avata is a company that wants to work with Polkadot, a big network for digital money. They want to help protect digital and real-world things using new ways to reduce risks. Avata was started by Sung Feng and Joachim and helps insurance companies work with stores.

Avata wants to work with Polkadot because they can use its special features, like working well with other networks. They have talked to important people in the Polkadot community and even signed a paper saying they want to work together.

Avata works with many big companies like Vaultik, Valentino, Bulgari, Fura Gems, AIG Esport insurance, GamerPay, and Vaultn. These companies make a lot of money online and can use Avata's help to keep their money safe.

Avata also wants to use something called Digital Product Passports (DPP) to make things better on the internet. DPPs help people know more about the things they buy, like where they come from and how they are made. This can help businesses follow new rules from the government.

Avata thinks Polkadot is a good place to use DPPs because it can work well with many different things. This can help make the internet better and safer for everyone.

By working with Polkadot, Avata hopes to make better insurance for digital things, help the market grow, and make new insurance products. They also want to help businesses follow new rules and make more money.

Avata has a system that helps different people do their jobs, like a place for bosses to manage things, stores to work with Avata, customers to use their services, and partners to see how things are going.

Avata is excited to work with Polkadot and make the internet a better place.

Avata proposes to integrate their platform with Polkadot ecosystem to insure digital and tokenized real-world assets. They have live clients and partners with projected annual digital value of over $2B. Avata aims to enhance transparency, boost sustainability, and facilitate compliance. They project to insure over 70 million DOTS annually and offer a comprehensive plug-and-play solution. They are requesting a grant of $2.5M to be used over 18 months.

 Integration of Avata with the Polkadot Ecosystem

Klaster.io has proposed integrating its cross-chain protocol into the Polkadot ecosystem to enhance interoperability and user experience. Klaster allows transactions across various blockchains through its network of nodes, simplifying the complex landscape of blockchain transactions. The integration would allow seamless transactions between parachains and external EVM-compatible blockchains, opening up opportunities for dApp development, asset transfer, and efficient governance models. Benefits of Klaster integration include a unified transaction environment, cross-chain gas management, smart accounts with cross-chain functionalities, and enhanced security and efficiency. The technical implementation would involve collaboration between the Klaster team and Parachain teams to ensure compatibility with the Substrate framework. Integrating Klaster into Polkadot would enhance the ecosystem's interoperability, reduce barriers for users and developers, and increase the utility and demand for DOT.

Klaster proposes to integrate its cross-chain protocol into Polkadot, enabling seamless transactions between parachains and EVM-compatible blockchains. This will enhance interoperability, user experience, and security, while empowering DOT holders to pay gas fees for transactions on various blockchains. The integration will require collaboration between Klaster and Parachain teams and will bring value to DOT by making the Polkadot ecosystem more accessible and attractive to a broader user base. The proposal calls for support and collaboration from the Polkadot community.

Proposal for Klaster Integration into the Polkadot Ecosystem

- Distractive Media is asking for $325,000 to help Polkadot with marketing in Q2 2024.
- They are a web3 marketing agency working for Polkadot.
- They have five campaigns planned to highlight Polkadot projects and attract new developers, partners, and community members.
- The campaigns will use Polkadot's main social media accounts, website, and blogs.
- The full plan and costs are in a document linked in the proposal.
- They are looking forward to feedback on their ideas.

**WHO:** Distractive Media

**WHAT:** Q2 Marketing Campaigns for Polkadot ecosystem, including shedding light on projects and onboarding new developers, partners, and community members.

**PRICE/TIMEFRAME/RESOURCES:** $325,000, DOT allocation calculated based on 7-day avg rate. Full cost breakdown in proposal.

Polkadot Q2 Marketing Campaigns by Distractive 

Chainalysis has proposed a collaboration with Polkadot to provide data, analytics, and compliance solutions. This partnership aims to help Polkadot grow its business compliantly within the institutional market. Chainalysis will offer visibility to regulators and authorized institutional prospects of any risky on-chain activity related to the DOT token on the Relay Chain. They will also provide on-chain intelligence to authorized institutional clients to meet their requirements related to the listing of the DOT token. The collaboration will help Polkadot increase its market capitalization, capture a larger market share of institutional market growth, grow adoption on crypto markets, avoid fines and reputational losses, and grow in popularity among institutional clients. The proposal can be found [here](https://docs.google.com/document/d/1UutTTs8k0BkcKxIHn8wdQTJDY0WDHrrHjX_7K_f79qw/edit?usp=sharing).

Chainalysis is proposing to collaborate with Polkadot by providing data, analytics, and compliance solutions to help Polkadot grow their business compliantly within the institutional market. Chainalysis is requesting 1,000,000 DOT to provide tooling to Polkadot that helps them enter the institutional market by providing visibility to regulators and authorized institutional prospects of any risky on-chain activity related to the DOT token on the Relay Chain, offering on-chain intelligence to authorized institutional clients to meet their requirements related to the listing of the DOT token, and collaborating with Polkadot on events, announcements, case studies, etc. The proposal aims to increase market capitalization, capture a larger market share of institutional market growth in the crypto assets space, grow adoption on crypto markets across the world, avoid fines and reputational losses, and grow in popularity among institutional clients that are building applications in this ecosystem and driving growth of the developer's community. The proposal has been updated to request 1M DOT instead of 10M USD, API access, onboarding from 10 months to 6 months, inclusion of AssetHub in the onboarding, and changes in the phases reducing the deadlines.

Chainalysis analytics solutions on Polkadot Relay Network

staking_admin

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

big_tipper

small_spender

OpenGov Referenda

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

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

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.

OpenGov Referenda

Referenda Tracks