Polkadot Anti-Scam Team refill due to price volatility

Deciding

Hello dear community,

Original top-up proposal referendum: https://polkadot.polkassembly.io/referenda/574

Top-up Proposal document: https://docs.google.com/document/d/1c2gOWkyWkawAh7S-ov4T9QZYY0LsFuc8oylF2KaGaII

As you can see from the top-up proposal, our original request was made for $868,578 at an EMA7 of $10.282/DOT on 11/03/2024 (Yeah, we hit the top of the market :)). That equals 84,476 DOT

The funds came into our account on 18/04/2024 as you can see here https://polkadot.subscan.io/account/13UVJyLnbVp9RBZYFwHYxa6GPKJ2SqkGg4Mo7jG7uLAbPkT8?tab=balance_history, where the price was at $6.671/DOT. So if you translate that into dollars, we received $563,540, which is a difference of $305,038.

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We believe that this kind of requests should be made in USDT and only once, taking the difference in price between the proposal and the day the funds came into our account.

Thank you, everyone, for your understanding.

Kind Regards,

Polkadot Anti-Scam Team

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Request
305.04K
Status
Decision28d
Confirmation
4d
Attempts
0
Tally
90.8%Aye
9.2%Nay
Aye
4.76MDOT
Nay
480.55KDOT
  • 0.0%
  • 0.0%

    Threshold

  • 0.0%
Support
0.07%
986.88KDOT
Issuance
1.44BDOT
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[Deleted Account]

@Endes as it relates to bounties with monthly milestones set in fiat, should the token price increase the bounty can fund more months of service. It's a little different from the upfront spends seen with other requests.

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