Hi everyone,

As many of you may already know, Polkadot-API was envisioned to provide a robust and flexible suite of libraries that prioritize composability, modularity, and a light-client-first approach. Our goal remains to equip dApp developers with powerful tools that simplify the creation of truly decentralized applications while continuously refining the developer experience.

Over the past development cycles, we have introduced new features and enhancements to Polkadot-API, along with additional libraries that complement and expand its capabilities. We've also released a series of tech demos that are valuable in their own right, while also showcasing the potential of these libraries. A detailed breakdown of our recent progress can be found in our latest update on the Polkadot forum.

We are seeking funding for ongoing development and maintenance through the Polkadot Community Foundation, for the months from February 2025 to December 2025. As outlined in their documentation, the beneficiary is their address in AssetHub.

You can review all the details of the proposal in the following Google Doc: https://docs.google.com/document/d/1fZedk7Q0yEkJ9cAtl_IaAgQLr3vjSWdPjvhjC4UN5Oc

Once the referendum is approved, the PCF and Polkadot-API team will go through the following process:

• Create and sign a contractual agreement.
• Complete the KYC/KYB process.
• The Polkadot-API team will invoice the PCF for the 2025 development of Polkadot-API.
• The PCF will transfer the proposal amount in USDC to our address in AssetHub (12R1XCdgkHysv8Y4ntiXguo4eUYHXjQTmfRjL8FbmezsG71j) in a single transfer at the beginning.

We have allocated a buffer of $7,000 for PCF legal and operational costs. After the process is complete, the PCF will refund the remaining amount back to the Polkadot Treasury.

Thank you for your support.

Polkadot-API Dev Team (@Josep, @carlosala, and @voliva)