### Proposal Summary: Decentralized Business Development for Polkadot

- **Proponent:** 13zTcqasJT4DnDgNjmsceACcuSjt4q2geEjtMprnGXCnuuh1
- **Author:** Cim Topal, CEO of Missing-Link.io
- **Date:** February 16, 2024
- **Requested Funds:** 50,000 DOT (approximately $365,000 USD)
- **Objective:** Enhance Polkadot's business development by recruiting 5 top-tier executives.
- **Current Issue:** Polkadot's BD efforts lack effective strategies, limiting adoption and visibility.
- **Proposed Solution:** Missing Link will source, screen, and place 5 experienced BD executives.
- **Milestones:** One-time payment of $365,000 USD upon successful placement of 5 executives.

Awarded

medium_spender

Missing-Link.io proposes to source, screen, select, and place 5 experienced web3 business development executives for Polkadot's Decentralized Futures program. They request 50,000 DOT, equal to 365,000 USD per 7-Day SubScan EMA. The proposal aims to attract top talent to bolster Polkadot's ecosystem and establish long-term partnerships and enterprise adoption. The funds from the treasury will cover the service of sourcing, interviewing, strategizing, and placing the executives.

[Medium Spender] Referendum #506

- Polkadot Treasury funds maintenance work on ORML, Chopsticks, and other public goods.
- Acala team leads the work, but other ecosystem members contribute too.
- Bryan noted that some contributors' work was not covered by the proposal.
- CertainLach has contributed to ORML for the past year.
- CertainLach's contributions include closed pull requests on the ORML GitHub.
- A proposal suggests tipping CertainLach for their work.
- The link to CertainLach's GitHub profile and contributions is provided.

big_tipper

Polkadot Treasury will fund maintenance work on ORML and Chopsticks public goods. A proposal suggests tipping CertainLach, who has contributed to ORML for the past year, as their work was not covered by the previous proposal.

Tip for maintenance of the ORML pallets

- **Project**: EasyA's "180 Days of Polkadot" campaign aims to educate developers on Polkadot and its ecosystem.
- **Success**: The campaign builds on the success of the 2023 "60 Days of Polkadot" initiative, which brought 40,000 new developers into the Polkadot community.
- **Support**: The campaign is supported by various Polkadot parachains and ecosystem projects.
- **Events**: The campaign includes two in-person hackathons at Harvard University and London, as well as virtual educational challenges.
- **Timeline**: The campaign runs from February to July 2024.
- **Funding**: The requested allocation is $370,000, which includes prizes for hackathon winners.
- **Goals**: The campaign targets 48,000 developers starting the crash course, 40,000 completing it, and 100 new projects from the hackathons.
- **Community**: The proposal was developed based on feedback from the Polkadot community.

EasyA proposes a 6-month Polkadot educational campaign in the EasyA app, two in-person hackathons at Harvard University and London, and crash courses for Polkadot. The proposal is supported by 13 Polkadot parachains and ecosystem projects. The requested allocation is USD $370,000, and the target timeline is from February to July 2024. The target metrics include 48,000 developers starting the crash course, 40,000 developers completing it, 500 in-person hackathon attendees, 8 participating Polkadot parachains/projects, 100 hackathon projects, and 10M+ social media impressions.

Milestone 1: EasyA x Polkadot Developer Growth via In-Person Hackathons and Crash Courses (#180DaysOfPolkadot)

- Steve, a content creator and Social Media Manager at Swissborg, is proposing a one-month awareness campaign for Polkadot.
- The campaign aims to increase awareness and user base for Polkadot among Swissborg's 750,000 users.
- Swissborg plans to use 12,500 to 15,000 DOT as rewards for users who buy and hold Polkadot during the campaign.
- The campaign includes a contest where users can win DOT by holding a minimum of $200 worth of Polkadot for 30 days.
- Swissborg's goal is to grow the Polkadot holder base by 3-4 times and eventually have 15-20% of their app users holding Polkadot.
- Swissborg is a crypto wealth management platform operating in 115 countries with over 750,000 KYC'd users and $800M in assets under management.
- The platform supports 45 cryptocurrencies and 16 fiat currencies, making it a comprehensive tool for crypto management.

Swissborg proposes a one-month awareness campaign for Polkadot, using 12,500-15,000 DOT as rewards to incentivize users who buy and hold DOT on their exchange. They aim to increase their holder base to 3-4x the current number and grow their app user base. Swissborg is a crypto wealth management platform with over 750k KYC'd app users holding +$800M in AUM.

Swissborg Proposal - A One Month Polkadot Awareness Campaign 

- Zeitgeist proposes integrating combinatorial prediction markets into Polkadot's governance.
- The goal is to make governance more participatory and data-driven.
- The proposal was developed through collaboration between Zeitgeist and key ecosystem contributors.
- It aims to improve decision-making processes in Polkadot.
- The team values community feedback and invites everyone to review the proposal.
- The proposal can be viewed [here](https://docs.google.com/document/d/1OgRFpl1HJdTI3JndmQkjfI4A67dxpGiUaG8zlihZixs/edit#heading=h.v6is2ta0txr1).
- Thank you for participation and support.
- David Perry, COO of Zeitgeist, shared the announcement.

WHO: Zeitgeist team and key contributors from the ecosystem. 

WHAT: Proposal to integrate combinatorial prediction markets into Polkadot's governance to improve decision-making processes. 

PRICE/TIMEFRAME/RESOURCES: Not specified.

Treasury Proposal: Futarchy, a New Signal Generating Tech for Polkadot Governance

### Electrocoin's LiteSend Remittance Proposal

**1. Project Overview**
- **LiteSend** is a remittance platform by Electrocoin, aiming to simplify and secure cross-border money transfers using blockchain technology.
- The platform is currently in silent production and available in some markets, with plans to expand through partner institutions.

**2. Company Background**
- **Electrocoin** is a successful cryptocurrency brokerage and payment processing company founded in 2014.
- They offer services like cryptocurrency exchange, payment processing, and B2B platforms for crypto exchange.

**3. Problem Statement**
- Traditional remittance services are slow and expensive, with global average costs around 6.18%.
- Regulatory barriers make it difficult for new players to enter the market, especially in developing countries.

**4. Solution Proposal**
- **LiteSend** uses blockchain technology on Polkadot's AssetHub chain to speed up transactions and reduce costs.
- The platform connects users with local partners who facilitate the conversion of funds from fiat to stablecoins and back.

**5. Development Tasks**
- Research Polkadot's architecture.
- Integrate AssetHub's stablecoin transactions.
- Refine the user interface and conduct testing.

**6. Marketing Strategy**
- Focus on establishing partnerships and user acquisition through events, social media, and online advertising.

**7. Budget Breakdown**
- Total budget: $195,000, including development costs, marketing campaigns, and partner acquisition.

**8. Endorsements**
- The proposal is endorsed by several crypto industry leaders, including Bruno Škvorc and Branislav Rakić.

**9. Team Participants**
- Key team members include CEO Nikola Škorić, COO Marin Maržić, and Lead Developer Vedran Vukelić.

**10. References**
- Data on remittance costs and market size from the World Bank and the World Economic Forum.

LiteSend - remittance service secured by Polkadot

### Polkadot Decoded Asia (Singapore) 2024

**Date:** September 16-17, 2024  
**Location:** Singapore  
**Proponent:** 12Qn81nJ9DAPxQ6iz2jPxLcrbcpveWFbAAyvDLwnAGL6nPjG  
**Beneficiary:** 12Qn81nJ9DAPxQ6iz2jPxLcrbcpveWFbAAyvDLwnAGL6nPjG  
**Requested Amount:** $328,053.04 (54,121 DOT)  
**Proposal Date:** January 24, 2024

**Description:**  
Polkadot Decoded Asia 2024 is a regional event aimed at engaging the Polkadot community in Asia, addressing logistic, visa, and language barriers faced by Asian participants. The event will feature presentations, panels, workshops, and exhibitions, focusing on the Polkadot ecosystem's developments in Asia. It will be held two weeks after the flagship Polkadot Decoded event in Brussels, Belgium.

**Objectives:**
- Attract and engage decision-makers in startups and enterprises to consider Polkadot.
- Showcase successful projects and use cases.
- Update the community on Polkadot's ecosystem and technology.
- Foster collaboration and knowledge sharing within the Asian Polkadot community.

**Event Details:**
- **Attendees:** 400
- **Speaking Slots:** 30
- **Exhibition Booths:** 20
- **Main Stage:** Presentations, demos, panels, and flagship event highlights.
- **Networking Areas:** Private meeting areas, exhibition areas, and an after-party.

**Budget:**
- **Venue Costs:** $55,455.00
- **Tech Equipment and Construction:** $46,581.00
- **Food and Beverages:** $61,200.00
- **Entertainment/Closing Party:** $10,000.00
- **Marketing Cost:** $15,000.00
- **Staff Costs, Agency Fees, Mark-ups, Production Travel, etc.:** $52,136.40
- **Swag, Printed Material, Branding, Misc:** $64,395.00
- **VAT Tax:** $18,286.04

**Payment Schedule:**
- One lump sum payout requested.
- Milestones include securing the venue, final prepayments to suppliers, post-event payments, and a comprehensive post-event report.

**Contact:**
- **Email:** aitijiaer.info@gmail.com

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

### Polkassembly: Governance Platform for Polkadot and Kusama

**Summary:**
Polkassembly is a key governance platform for the Polkadot and Kusama ecosystems. It facilitates community participation in decision-making processes through proposals, discussions, and voting. The platform is transitioning from quarterly to annual funding cycles to ensure sustained development and support.

**Key Features for 2024:**

1. **Analytics:**
   - Detailed statistics on referendums, tracks, and overall governance.
   - Interactive charts and navigable data from referendum and track pages.

2. **New Features:**
   - **Reports and Accountability:**
     - Deadline tracking and progress reports for proposals.
     - Evaluation tab for thorough vetting of proposals.
   - **Expert Body:**
     - Proposal expert reviews and AI-generated summaries.
   - **Proxy Addresses:**
     - Creation and management of proxy addresses directly on Polkassembly.

3. **Delegation:**
   - **Overview Page:**
     - Trending delegates and delegation guides.
   - **Data Points for Delegators:**
     - Statistics and badges to highlight exceptional contributions.
   - **Delegate Engagement:**
     - Delegation mandate and chat with delegates.

4. **Fellowship:**
   - **New Features:**
     - Calendar and micro-features for the Fellowship platform.
   - **Fellow Experience:**
     - Personalization and statistics for fellows.
   - **Integration with GitHub:**
     - RFC proposals and deep dive into contributions.

5. **Product Partnerships:**
   - **Prediction Markets:**
     - Integration with Zeitgeist for governance-related markets.
   - **Subsocial:**
     - Deeper integration for cross-platform features.

6. **Points & Leaderboard:**
   - **Points System:**
     - Gamified understanding of user contributions to governance.

7. **Social:**
   - **On Product Notifications:**
     - Centralized notification hub for users.
   - **Mentions and Follow:**
     - Profile-based following and mentions in proposals and comments.
   - **Timeline:**
     - Social timeline as the default view for governance activity.

8. **Bounty Product (V1):**
   - **Use Cases:**
     - Social bounties for community engagement.
   - **Product Features:**
     - All bounty timeline and profile page.

9. **Maintenance:**
   - **Creating Proposals on Polkassembly:**
     - Proposal creation for all tracks and multiple beneficiaries.
   - **Profile:**
     - Interface upgrades and delegation integration.
   - **Technical Integrations:**
     - Subsquid migration and site-wide analytics.

10. **Microfeatures:**
    - **Referendum Page Microfeatures:**
      - Quote/share comments and status-level filters.
    - **Feature Scope Improvement:**
      - Verify identities on Kusama and reply to Subsquare comments.

11. **Mobile App (V1):**
    - **Governance Experience on Mobile:**
      - Primary features and tinder-style voting for quicker decision-making.

**Conclusion:**
Polkassembly is committed to enhancing the governance experience for the Polkadot and Kusama communities. The proposed annual funding will support continuous development, innovation, and strategic growth, ensuring that Polkassembly remains a vital tool for decentralized decision-making.

big_spender

Polkassembly Social Contract 2024

- Polkadot Decoded, a community flagship event, is seeking funding for its first edition.
- The event will be held in Brussels, Belgium, from July 11-12, 2024.
- It will coincide with the 7th Ethereum Community Conference (EthCC).
- A pre-selected venue has been secured, and an early budget estimation is available.
- The full proposal can be found in this [document](https://docs.google.com/document/d/1RJwZZzITAHAd54SN1L1JnImzIcEQc4fLBLU-vn9RUlo/edit#heading=h.1yu24uxzxjo).
- Feedback and questions are welcome from the community.
- The event is organized by Decentered Studio.

WHO: Decentered Studio team

WHAT: Requesting funding for community event Polkadot Decoded in Brussels, Belgium, attached to the 7th Ethereum Community Conference (EthCC) on July 11-12.

PRICE/TIMEFRAME/RESOURCES: Full proposal with early budget estimation available <a href="https://docs.google.com/document/d/1RJwZZzITAHAd54SN1L1JnImzIcEQc4fLBLU-vn9RUlo/edit#heading=h.1yu24uxzxjo">here</a>. No specific price/timeframe/resources mentioned.

Polkadot Decoded 2024 treasury spend tranche 1/2

- Polkadot plans to introduce a native storage offering using DOT as the exclusive token.
- This aligns with Gavin Wood's vision of building a "Ubiquitous Supercomputer."
- The storage system will be a system parachain, ensuring it is decentralized and not dependent on other networks.
- Unlike Crust, which uses IPFS, Polkadot's native storage will be fully controlled by Polkadot's storage providers.
- The project aims to avoid creating a new token, keeping DOT as the sole fee payment token.
- The solution will be open-source and community-driven, with no single ownership.
- The team behind this proposal has experience with MoveVM, Rust IPFS, and extensive research on the topic.
- More details and resources are available in the linked documents and forums.

Eiger proposes to add native storage offering to Polkadot, using DOT exclusively as the native token, as a system parachain, for the supercomputer vision, with open-source and open-license, avoiding dependence on other networks or tokens. They have extensive research and experience in Rust and MoveVM. Read their full proposal for more details.

Implementing a Polkadot-native system parachain for data storage: Phase 1/3

### Project Glove Summary

1. **Deployment Plan**: If Referenda 450 passes, Project Glove will first deploy on Kusama.

2. **Team Credibility**: The delivery team is doxxed, operates under a Delaware C-Corp, and aims for long-term relationships within the Polkadot community.

3. **Project Objective**: Project Glove is an open-source protocol designed to enhance capital efficiency and pseudo-anonymity in Polkadot's OpenGov system.

4. **Challenges Addressed**: The protocol tackles two main issues:
   - DOT holders valuing near-term liquidity.
   - Fear of being doxxed from public voting behavior.

5. **Benefits**: Project Glove aims to increase OpenGov participation, Polkadot network transactions, and decentralize voting power.

6. **Capital Efficiency**: The protocol allows DOT holders to use less DOT at lower convictions to achieve the same voting results.

7. **Pseudo-Anonymity**: Project Glove can obscure how a DOT holder participates in governance, enhancing privacy.

8. **Future Prospects**: The project aims to create more business opportunities for the team and elevate OpenGov through increased participation.

Project Glove: Introducing Capital Efficiency and Pseudo-Anonymity on top of OpenGov

### Mimir Team Proposal Summary

1. **Introduction**:
   - Mimir Team won 1st place in the 2023 Polkadot Asia Summer Hackathon (Application Track) and 2nd place in the 2023 Polkadot Winter Hackathon (Ecosystem Developer Tools Track).
   - Seeking financial support for past development efforts as hackathon funding is insufficient.

2. **Background**:
   - Multisig accounts are common in the Ethereum ecosystem, with Safe managing 1% of all ETH assets.
   - Polkadot has relevant functional modules like Multisig Pallet, Recovery, and Proxy, but lacks productization.
   - Multisigs control 5% of all DOT assets in the Polkadot network, indicating a strong need.

3. **Challenges**:
   - **Account Creation and Management**:
     - Polkadot provides account abstraction components but lacks productization.
     - No unified management portal for diverse account types.
     - Limited support for different types of Multisig accounts.
   - **Application**:
     - Complexities in assembling transactions for non-EOA accounts.
     - Non-EOA accounts cannot directly interact with applications.

4. **Product Introduction**:
   - **Mimir**: An enterprise-level Multisig in the Polkadot ecosystem.
   - **Account Management**: Supports various account types (Extension, Multisig, Advanced).
   - **Transaction Management**: Simplifies transaction initiation and management for complex accounts.
   - **Integration with Apps**: Multisig account injection and transaction assembly.

5. **Ecosystem Fit**:
   - Simplifies interactions with complex accounts like Multisig, Nested Multisig, and Proxy.
   - Makes Polkadot's multisig a Safe-like solution for enterprise asset management.
   - Enhances how multisig users engage in ecosystem development with their assets.

6. **Budget**:
   - Retroactive Total USD: $184,770
   - Funded by Hackathon: $30,325 (4255 DOT)
   - Proposal Payment: $154,445 (21,670 DOT)

7. **Attachments**:
   - Mimir Website: [app.mimir.global](https://app.mimir.global/)
   - Twitter: [@Mimir_global](https://twitter.com/Mimir_global)
   - Telegram: [t.me/+t7vZ1kXV5h1kNGQ9](https://t.me/+t7vZ1kXV5h1kNGQ9)
   - Email: [hello@mimir.global](mailto:hello@mimir.global)

Retroactive Funding for Mimir - A Powerful Multisig Management Application For Polkadot Ecosystem

**Proposal Summary:**

- **Proponent:** Batman (Polkadot)
- **Date:** Submitted on 12 Feb 2024, expected timeline March-September 2024
- **Requested DOT:** 20,000 DOT ($141,000)
- **Purpose:** Fund the development of local coding environments for Dot Code School
- **Goal:** Improve the learning experience for new Polkadot SDK developers
- **Features:** Custom Git server with chapter-specific test suites
- **Previous Proposal:** Follow-up to Referenda #364
- **Details:** Full proposal available [here](https://docs.google.com/document/d/1rCS6hI7o6xne0xS3nxHNDuNal3GDfhFYJIlZPibnj_c/edit)

**WHO:** Batman, Polkadot.

**WHAT:** Fund the development costs of integrating local coding environments to Dot Code School, implementing a custom Git server with chapter-specific test suites.

**PRICE/TIMEFRAME/RESOURCES:** 20,000 DOT ($141,000 @ $7.05) requested, expected timeline March-September 2024. For more details, see the full proposal [here](https://docs.google.com/document/d/1rCS6hI7o6xne0xS3nxHNDuNal3GDfhFYJIlZPibnj_c/edit).

Funding Development Costs to Expand Dot Code School – Bridging the Gap Between Online Learning and Real-World Web3 Development with Local Coding Environments

### Proposal Summary

- **Purpose**: Request to top up the moderation team bounty for Polkadot Moderators.
- **Current Funding**: 3653 DOT (about $24,800) in the bounty account.
- **Team Size**: 13 members actively involved in the Polkadot ecosystem.
- **Requested Top-Up**: $224,640 (32,528.24 DOT) for one year.
- **Previous Funding**: Covered August 2023 to January 2024.
- **Details**: Includes changes since last top-up, server analytics, and spend breakdown.
- **Discussion Period**: Open for 12 days.
- **Links**: Full proposal and previous spend data available in linked documents.

Polkadot proposes to top up the moderation team bounty with USD 224,640 (32,528.24 DOT) for one year to incentivize authorized Polkadot Moderators for their contribution and support to the communities. The proposal document provides details of the spends and analytics of servers and channels under their moderation umbrella.

Polkadot Moderation Team Bounty Top-up

small_tipper

SmallTipper

- Polkadot-API is a project aiming to improve upon PolkadotJs.
- It offers a set of libraries for building decentralized apps (dApps).
- The project focuses on making development easier for dApp creators.
- The team is asking for funding through treasury proposals.
- They want feedback on the proposal before submitting it.
- The proposal details can be found [here](https://docs.google.com/document/d/1t_yKXKuy2kfQBTNVkG1Hn3_rs8-sT1nwp55TENcHQ4g/edit).
- The GitHub repository is moving from `paritytech` to `polkadot-api`.

WHO: Polkadot-API development team

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

PRICE/TIMEFRAME/RESOURCES: Details not provided.

Polkadot-API: development financing

### Redot

1. **Project Overview**: Redot is a re-staking layer for Polkadot, designed to bring Polkadot's technology to other ecosystems like Bitcoin and Ethereum.
2. **Purpose**: It aims to use Polkadot as a Data Availability (DA) layer and operate an adapted Polkadot on Bitcoin.
3. **Features**: Redot allows validators to run light clients, supports various DA networks, and approximates the security level of Polkadot.
4. **Milestones**: The project is divided into three milestones, with the first one currently being applied for.
5. **Funding**: The total budget for the first milestone is $45,200, with an estimated delivery time of 10 to 12 weeks.
6. **Benefits**: Redot can enhance Polkadot's security and expand its use cases beyond parachains.
7. **Current Status**: The project has completed a Proof of Concept (PoC) and is working on the first milestone, which includes developing various modules and documentation.

small_spender

WHO: ZeroDAO

WHAT: Developing Redot, a re-staking layer for Polkadot, to bring Polkadot tech stack to other ecosystems, allowing developers to use Polkadot, and operate an adapted Polkadot as a relay chain on Bitcoin and use the native Polkadot as a Data Availability (DA) layer.

PRICE: $45,200 for the 1st milestone, total budget $117,600.

TIMEFRAME: 10 to 12 weeks for the 1st milestone, estimated delivery 7 months for all milestones.

RESOURCES: 2 FTEs, hourly rate $80.

Redot #1: Polkadot Restaking and Enabling Polkadot DA Capabilities

### Summary of the Proposal

- **Objective**: Reimburse 50 pool members who missed out on rewards due to a bug.
- **Bug Description**: A bug caused rewards to be sent to the wrong person when a pool was being destroyed.
- **Fix**: The bug was fixed in the latest runtime upgrade.
- **Affected Accounts**: Identified using a Python script.
- **Verification**: Cross-checks are requested to ensure correct reimbursement amounts.
- **Double Spend Issue**: Rewards were already claimed by pool owners, but contacting them to return the rewards would be difficult.
- **Proposal**: The community is asked to approve the reimbursement to make the affected pool members whole.

Polkadot proposes to reimburse 50 pool members for rewards they didn't receive due to a bug in the system. The affected accounts and the rewards they didn't receive were identified using a Python script. The proposal is a double spend and will cost a small amount. The community's approval is sought.

Treasury Proposals