A proposal has been made to allocate 5 million DOT (Polkadot's native token) towards DeFi incentives on Hydration, a platform that provides liquidity for Polkadot. The incentives will be distributed over 12 months and are divided into three parts: 2 million DOT for stablecoin incentives, 2 million DOT for liquidity provider (LP) incentives, and 1 million DOT to mint GIGADOT. The goal is to attract users, deepen liquidity, and strengthen Polkadot's position in the DeFi space. The proposal builds on the success of the previous Hydration liquidity campaign that started in June 2024. The funds will be kept in a proxy on Hydration, allowing Opengov to reclaim unspent funds and track the balance. A referendum will be launched to return 3 million DOT if the proposal is passed, with the remaining 2 million DOT distributed over 6 months. This will support the launch of Polkadot Hub and create synergies with existing DeFi products.

Awarded

treasurer

Polkadot GIGAHydration Campaign

Bifrost has proposed a liquidity loan to the Polkadot treasury, requesting a loan of 1,000,000 DOT (about $4,000,000) to be repaid with 6% interest. This loan aims to increase vDOT-DOT liquidity, support vDOT growth, and expand its use in DeFi applications within the Polkadot ecosystem. Bifrost has a good track record of repaying treasury loans with interest, having brought a total income of 8,370.5523 KSM to the Kusama Treasury. The loan will be used to mint vDOT, diversifying the Polkadot treasury's DOT capital and earning staking rewards. Bifrost is a liquid staking app-chain for all blockchains, allowing users to earn staking rewards and DeFi yields across multiple chains. The loan's success will be measured by tracking vDOT minting TVL, DOT-vDOT liquidity growth, unique address growth rate, and new vDOT ecosystem integrations.

big_spender

Bifrost DOT liquidity loan for vDOT liquidity for one year; repay in full with approximately 6% interest.

small_tipper

TIP: Cyphertux's work on Wallet Drain co-ordination

A person named @subway2023 found 18 problems in a computer program called the Parity Technologies revive Solidity compiler. They told the people who work on the program about these problems over 3 months. These problems helped the program get better and fix some mistakes. The person in charge of the program thinks @subway2023 did a great job and wants to give them a reward of 100. You can see all the problems they found here: [link](https://github.com/paritytech/revive/issues?q=is%3Aissue%20author%3Asubway2023). And here is the place where they talked about giving the reward: [link](https://github.com/paritytech/revive/issues/253#issuecomment-2694530520).

Small Tip for subway2023

The Infrastructure Builders Program (IBP) is a group of independent companies that help the Polkadot network and its parachains with important services. They were started in 2022 and are spread all over the world, making them strong and reliable. They need more money to keep helping the network.

The money they ask for is to add to the IBP bounty, which is managed by five people who work with Polkadot. The bounty pays them for their work only after they have done it. The amount they want is for the most they could possibly do, but last year they only spent $2,490,996 for 552 Relay and System-chain and 154 Parachain RPC nodes.

They get paid for the RPC services they provide every month based on how much they did. You can read the full proposal by clicking [here](https://docs.google.com/document/d/1aK7XtMmpF5FVlt9FGP1puVPHGRktbFQ8M9o6Dh3u9jw).

Some people in the network have given feedback, and IBP services won't be given to those who have clearly cheated the treasury.

IBP Bounty Top-Up

SmallTipper

On April 16th, James Slusser and Phunky attended FBBA's "Blockchain Day" in Tallahassee to advocate for the Polkadot ecosystem. They networked with legislators, answered questions, and explained Polkadot's features and benefits. They also met with Commissioner Weigel and his staff to discuss legal language for DAOs. Polkadot was recognized in both House and Senate chambers, thanks to DOT token holders joining the FBBA. Phunky and James were not compensated for their advocacy work, and they are requesting a tip to help cover their costs.

big_tipper

Tip for Tallahassee Advocacy 

Polkadot had a problem with its software update, which stopped three staking accounts from getting rewards. A proposal has been made to give these accounts the rewards they missed out on. The proposal looks at how much money was in the accounts when the rewards stopped, how many times they didn't get rewards, and how much the rewards would have been worth during that time. Here are the details for each account:

1. Account 138fZsNu67JFtiiWc1eWK2Ev5jCYT6ZirZM288tf99CUHk8K:
   - Last reward: Era 1400
   - Last balance: 8,556 DOT
   - Missed rewards: 197 eras
   - Average yearly reward: 17.18%
   - Missing rewards: 1,603.46 DOT

2. Account 15bt67qghz8hJxCUPgAXmzVxUBHLpPN41RVm2nwMFyLWByVE:
   - Last reward: Era 1646
   - Last balance: 4,261 DOT
   - Missed rewards: 37 eras
   - Average yearly reward: 12.93%
   - Missing rewards: 587.11 DOT

3. Account 12gmcL9eej9jRBFT26vZLF4b7aAe4P9aEYHGHFzJdmf5arPi:
   - Last reward: Era 1402
   - Last balance: 7,110 DOT
   - Missed rewards: 211 eras
   - Average yearly reward: 16.96%
   - Missing rewards: 1,313.76 DOT

small_spender

Reimbursement for corrupted staking ledgers

[Small Tipper] Referendum #1524

- The community made big changes to the Educational & Outreach Track based on feedback from members.
- They also updated other tracks for improvement.
- There is a referendum to get more money for the Anti-Scam Bounty, which helps protect people from scams.
- The Anti-Scam Bounty has been active for three years and helps fund safety activities.
- They are asking for $369,610 to help with their budget.
- Thanks to new tools, the budget has been lowered by 46%.
- More details about spending and future goals can be found in a proposal document.

medium_spender

[Medium Spender] Referendum #1490

- Paseo Network wants to keep doing good work in 2025 and needs money to do it.
- They are asking for $640,000 from the Polkadot treasury to pay for their operations.
- The money will be used to pay for services every three months for a whole year.
- They plan to make it easier to manage money by making some changes.
- These changes include using new helpers, paying at the end of each quarter, and making payments automatic.
- They also want to make sure the people providing services are doing a good job.
- Everyone interested can read more about the proposal and share their thoughts.

Paseo - Developer Testnet Bounty Top-up Request

- The proposal is about continuing to fund RPC Providers for six months plus one extra month.
- The total funding needed is $171,951.34, which is about $22,142 each month.
- Bounty 31 is a project that helps pay vendors for specific services on Polkadot.
- Service providers will bid for this funding based on the needs set by curators.
- The best providers that meet quality standards will be given the funding.
- This plan helps reduce the need for more proposals and keeps costs fair.
- If providers don't meet the quality, they might lose their funding.

Funding for Public RPC Providers via Bounty 31

Marketing Bounty 2.0 is a proposal to transform the Polkadot ecosystem's marketing efforts. The main points are:

1. The proposal asks for 200,000 DOT per month for 6 months to develop strategic marketing initiatives and expand Polkadot's reach.
2. The mission is to accelerate the growth of the Polkadot ecosystem by funding marketing initiatives and fostering a vibrant community.
3. The organizational structure will change, with active, compensated curators replacing unpaid ones, and new roles for advisors and watchdogs.
4. Curators and specialists will receive competitive compensation to attract top-tier talent and create a trustworthy environment.
5. The proposal emphasizes ethics, transparency, and reporting, with quarterly budget reports and monthly activity reports for the community.
6. Curators and advisors have diverse backgrounds and experience in digital marketing, Web3, and the Polkadot ecosystem.
7. Curators' letters of intent express their dedication to managing the Marketing Bounty effectively and transparently.
8. The requested funds will support essential marketing functions and may increase in the future.
9. The mission statement and scope include implementing a marketing strategy, executing marketing operations, and processing marketing proposals.
10. The operational overview covers agency engagement, compensation models, support functions, routine reporting, and engagement opportunities.
11. Success metrics will be established to measure the effectiveness of marketing efforts and will evolve over time.
12. The closing statement emphasizes the commitment to advancing the Polkadot ecosystem through well-structured and effectively managed marketing strategies.

Marketing Bounty 2.0 proposes a new structure with compensated curators and advisors to fund marketing initiatives for Polkadot. They request 200,000 DOT per month for 6 months. The scope of work includes developing strategic marketing initiatives, enhancing transparency, and executing comprehensive campaigns to expand Polkadot's reach and impact. The bounty will abide by the wishes of DOT holders and will operate under high ethical standards and transparency. The success metrics will be flexible and adaptable, with a commitment to continuous improvement.

Marketing Bounty 2.0

- Bearofthenet is a hobby racer from Austria.
- He wants to represent Polkadot, a cryptocurrency, at European racetracks.
- He participates in about 5 racing weekends each year, mostly in Austria and nearby countries.
- Around 200 riders race each weekend, meaning many people will see his special suit.
- He plans to share pictures and videos of his races on social media.
- He needs support to cover the costs of his custom racing suit.
- He loves combining motorsport with technology like web3.

Treasury Proposals