I support the top-up request due to the recent change in DOT price. However, to ensure the request is justified, I propose that proof of conversion of the DOT within a reasonable timeframe be provided. This will help verify that the need for the top-up is due to legitimate fluctuations in the market and not due to prolonged holding of tokens, which could be seen as market price speculation. Without such evidence, it is challenging to validate the necessity of this request.

In referendum [#601](https://polkadot.polkassembly.io/referenda/601) we requested a total of $485,000 with the day's EMA7 of $9.544. This was a total of 50,817.27 DOT. When received at the end of the spending period the EMA7 was $6.88 and we only received $350,027. A difference of $134,973.

In referendum #883 we are requesting a total of 25,000 DOT to cover this price difference with a buffer to protect against further price volatility.

At posting the EMA7 for today is $6.38 which is a total of 21,155.64 DOT for $134,973. We have added a ~15% buffer on this (3,844.36 DOT). At the time of payment when the spending period ends in ~36 days the amount will be recalculated at the EMA7 for that day and any excess refunded to the treasury account listed below. 

> 13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB

TIA!

- Referendum #601 requested 50,817.27 DOT (worth $485,000 at $9.544 per DOT).
- Received $350,027 due to DOT price drop to $6.88.
- Referendum #883 requests 25,000 DOT to cover the $134,973 shortfall.
- Current EMA7 is $6.38, equivalent to 21,155.64 DOT for $134,973.
- Added a 15% buffer (3,844.36 DOT) for price volatility.
- Final amount will be recalculated at the EMA7 at the end of the spending period (~36 days).
- Any excess funds will be refunded to the treasury account: 13UVJyLnbVp9RBZYFwFGyDvVd1y27Tt8tkntv6Q7JVPhFsTB.

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medium_spender

WHO: Polkadot Treasury

WHAT: Requesting 25,000 DOT to cover the price difference of $134,973 from a previous referendum, with a buffer to protect against further price volatility.

PRICE/TIMEFRAME/RESOURCES: 25,000 DOT, to be recalculated at the EMA7 for the day of payment in ~36 days, with any excess refunded to the treasury account.

Requesting "Top Up" of Ref #601 due to DOT price change

root

whitelisted_caller

wish_for_change

staking_admin

treasurer

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

small_tipper

big_tipper

small_spender

big_spender

Origin able to dispatch a whitelisted call.

Origin for signaling that the network wishes for some change

Origin able to cancel slashes and manage minimum commission.

Origin for spending up to 10,000,000 DOT from the treasury as well as generally administering it.

Origin for managing the composition of the fellowship.

Origin able to spend around 250 DOT from the treasury at once.

Origin able to spend around 1,000 DOT from the treasury at once.

Origin able to spend around 10,000 DOT from the treasury at once.

Origin able to spend around 100,000 DOT from the treasury at once.

Origin able to spend up to 1,000,000 DOT from the treasury at once.