The On-chain Treasuries – Decentralized Community Funding
summary
Polkadot and Kusama run an on-chain treasury funded by slashing, fees and staking inefficiency, disbursing funds every spend period 24 days / 7 days. Three mechanisms exist: tips, bounties and spending proposals; spending proposals follow draft → Polkassembly/Commonwealth discussion → on‑chain submission → council vote (Polkadot needs 8 yes, Kusama 12) and now include external reviewers. Usage so far: Kusama ~90 proposals (≈67 funded), ~250 tips, 5 bounties, ~330,000 KSM; Polkadot ~50 proposals (≈47 funded), 164 tips, ~40M DOT.
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chapters (6)
- 0:00Start
- 8:22Spending Proposals. The submission process
- 11:54Numbers of Proposals submitted to Polkadot
- 13:28Future perspectives: funding the next phases of development
- 15:28UX improvements and audits
- 16:17Developing new type of infrastructure and tools for cross-chain applications
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