DOT Experts Tip for OnlyDeFiGuy for Proposal #684 Chainalysis analytics solutions in USD

Rejected

This is "Big Tipper" track tip for OnlyDefiGuy of up to 6000 USD (1000 USDC+2000 USDT+3000 USDC).

OnlyDefiGuy had the courage to face the dragon on behalf of Dotizens,
sharing his expert report on #684 here in this doc

We should value this kind of courage and expertise. It clearly requires skin as thick as a dragon when proposals are this contentious.

This "Small Spender" tip attempts to Create a Multistage Payout Proposal with 3 treasury.spend:

  1. at block 21,000,000, pay 1000 USDC (est. May 30)
  2. at block 21,403,200, pay 2000 USDT (est. Jun 27)
  3. at block 21,806,400, pay 3000 USDC (est. Jul 25)

This multistage payout mechanism could be used by Big/Medium/Small Spender proposers for meeting time-based milestones or product-based milestones. It can almost certainly can be used for DOT payments as well.

Assuming this passes (and the staged payout mechanics works in Polkadot), we imagine someone could submit a treasury.voidSpend on the 3rd payment (or 2nd payment). This is not because we believe OnlyDefiGuy doesn't deserve 3000 USDC (we do, because dragon fighting is hard work), but because it is clear the community learning this "voiding skill" can be explored to significant effect.

Or maybe OnlyDefiGuy will fight off enough dragons by then =)

Note:

  • #780 is in DOT but exceeds the 250 DOT Small Tipper track limit (150+300+599 = 1049 > 250 DOT)
  • #781 is in DOT but exceeds the 1000 DOT Big Tipper track limit (150+300+599 = 1049 > 1000 DOT) -- this is expected to FAIL when the proposal is enacted (if 781 passes)
  • #782 is in USD but should not exceed the 1000 DOT Big Tipper track limit (1000+2000+3000=6000 USD < 1000 DOT). This does not use the asset conversion pallet but instead uses a 10 USD / DOT assumption so 100+200+300 DOT = 600 DOT < 1000 DOT will mean this will SUCCEED if the proposal is enacted (if 782 passes)

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Status
Decision7d
Confirmation
1hr
Attempts
0
Tally
36.2%Aye
50.0%Threshold
63.8%Nay
Aye
12.29MDOT
Nay
21.66MDOT
  • 0.0%
  • 0.0%

    Threshold

  • 0.0%
Support
0.20%
2.88MDOT
Issuance
1.42BDOT
Votes
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Flattened
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[Deleted Account]

Notes: (from Joe)

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[Deleted Account]

Big tip is too much, it should be around 1000-2000$. ColorfulNotion, you are abusing Polkadot's governance. @OnlyDefiGuy If you are an honest person you should contact ColorfulNotion to reduce the tip amount. They are normalizing the amount of tips for everyone!

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[Deleted Account]

@15T4...j3uu Alright sir, we will issue 2 refs:
(a) one to void the 2nd spend of $2K with treasury.voidSpend
(b) one to void the 3rd spend of $3K with treasury.voidSpend
to see if the community agrees with you. I think you're saying you would vote AYE on both (a)+(b), whereas we would vote AYE on (b) just because we want to test out the crossbow.

Rather than "abusing Polkadot governance", we're making sure treasury.spend and treasury.voidSpend work (as well as track determination logic) so that BOTH
(1) the entire community can do dragon fighting, and
(2) companies are incentivized to deliver products and services in a timely manner
for the good of Polkadot.

We'll take the opportunity to evaluate what dragon fighting is worth as well though. $6K/$7.2MM = 0.083%.

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