The Power of Polkadot’s On-Chain Governance & Treasury
summary
Polkadot runs a live on‑chain governance system with three collectives: a rotating 13‑seat council (one member, one vote; seats rotate weekly), a technical committee that can fast‑track emergency upgrades, and a democracy module where any DOT holder can propose and vote. Proposals use a 28‑day referenda cycle, automatic enactment executes changes about 20 days after voting, and treasury spending uses proposals, tips and bounties with curator delegation. Adaptive quorum biasing requires supermajorities at low turnout and simple majorities at full turnout. Interfaces: Polkassembly, Commonwealth, and polkadot.js apps.
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chapters (18)
- 0:00Intro
- 0:30Governance
- 3:22Ethereum
- 4:20Bitcoin
- 5:14OnChain Governance
- 6:39OnChain Design
- 6:53Collectives
- 7:33Console
- 8:55Technical Committee
- 9:51Treasury
- 11:37Democracy
- 13:32Proposals
- 14:18Adaptive quorum bias
- 15:42Proposal turnout
- 16:09Automatic enactment
- 16:54Summary
- 19:07Commonwealth
- 20:05Council Member
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