Snowbridge is a system that helps transfer money between Polkadot and Ethereum. When it started, the fees to move money were based on some numbers that made sense at the time. These numbers were:

- The worst gas price was 60 Gwei.
- The exchange rate between ETH and DOT was 1:450.

This made the fees:
- 11.456568 DOT to move from Polkadot to Ethereum.
- 0.000399 ETH to move from Ethereum to Polkadot.

Now, there's a new plan to change these numbers to:
- The worst gas price will be 25 Gwei.
- The exchange rate between ETH and DOT will be 1:566.

With these new numbers, the fees will be:
- 6.1278015332 DOT to move from Polkadot to Ethereum.
- 0.000317 ETH to move from Ethereum to Polkadot.

The old numbers were:
- Exchange rate: 2,222,222,222,222,222
- Rewards: local 100,000,000, remote 250,000,000,000,000
- Fee per gas: 60,000,000,000
- Multiplier: 1,333,333,333,333,333,333

The new numbers will be:
- Exchange rate: 1,766,784,452,296,820
- Rewards: local 100,000,000, remote 250,000,000,000,000
- Fee per gas: 25,000,000,000
- Multiplier: 1,333,333,333,333,333,333

Executed

whitelisted_caller

Snowbridge proposes to change the transfer fees for Polkadot and Ethereum based on new pricing parameters. The new fees will be 6.1278015332 DOT and 0.000317 ETH, with worst case gas price of 25 Gwei and ETH:DOT exchange rate of 1:566. No information on timeframe or resources required.

Snowbridge: Update Bridge Pricing Parameters to Lower Transfer Fees

small_tipper

- The Polkadot Blockchain Academy (PBA) is planning new programs called PBA6 and PBA-X to train more people.
- PBA has already helped over 400 developers and entrepreneurs learn about Polkadot in the past 2 years.
- The goal is to help thousands of new learners and offer different types of educational content.
- The proposal asks for funding for a 6-month plan to support this new training.
- A new online program, PBA-X, will start with its first group in January 2025.
- There will be two tracks: one for DApps and another for Protocol.
- PBA aims to work with universities to share its content and support former students in their careers.

big_spender

Polkadot Blockchain Academy proposes to create and execute PBA6 and PBA-X, an online version of PBA, to educate thousands of potential contributors to the ecosystem. The proposal requests funding for a 6-month activity to deliver an advanced in-person cohort, a scalable online program, a new DApps track, a written syllabus, university partnerships, and continuous learning initiatives for alumni. The first cohort of PBA-X is planned for January 2025. Details in the proposal linked below.

Polkadot Blockchain Academy; PBA-X production and launch, Wave 6 production and execution. September 2024 to the end of March 2025.

- A new NFT portal was created by Parity in late 2023.
- The original website had problems and was not usable.
- The portal helps people make and share NFTs easily.
- Someone updated the website and made it work again.
- It now connects to different digital wallets.
- You can visit the portal at polkadot.nftportal.io.
- The code for the portal can be found on GitHub.

WHO: The proposer
WHAT: Fixed and took ownership of NTF portal created by Parity, updated it, got a domain, linked Netlify, and deployed the website.
PRICE/TIMEFRAME/RESOURCES: Not specified.

[Small Tip] NFT Portal update and ownership adquisition

The Treasury Proposal is about creating an ink! Alliance to help Polkadot, a blockchain protocol, become more successful. Polkadot wants to make smart contract development easier and more accessible. Ink! is a special language that helps build secure and decentralized technology. It is important because it is made for Polkadot and shares its security and resilience. 

The ink! Alliance will have different teams working together to make Polkadot and ink! better. They will teach people about ink!, make it easier to use, and keep improving the code. They also want to get more people to use ink! and make Polkadot stronger. 

The alliance has some goals, like making good tutorials, being active on social media, and helping at events. They also want to keep making ink! better and support people who use it. They are asking for $520,000 to do this work for 6 months.

medium_spender

WHO: ink! Alliance, consisting of Michael Müller, Polytope Labs, R0GUE, and Virto, along with EasyA, Encode Club, WebZero, Distractive, core ink! engineers, and dApp developers.

WHAT: Form an alliance to accelerate growth and broaden the developer pool for Polkadot by promoting ink!, a Polkadot native smart contract language.

PRICE/TIMEFRAME/RESOURCES: Requesting a budget of $520,000 USDC for 6-months of support for ink!, controlled via a multisig of trusted members. See "Deliverables & Budget" section in the full proposal for a breakdown of this amount.

ink! Alliance for a more successful Plaza

Centrifuge has proposed a plan to support the long-term sustainability of the Polkadot Treasury by deploying 1.5M USDC into real-world assets to earn stable yield, grow Polkadot TVL, and bolster RWAs within the Polkadot community. This investment would follow the Web3 Foundation's investment in the Anemoy Liquid Treasury Fund. The proposal aims to manage Polkadot's funds responsibly and support growth and long-term stability. The investment will be fully managed using XCM, directly depositing from the Polkadot treasury into the pools on the Centrifuge parachain. The Anemoy Liquid Treasury Fund invests exclusively in U.S T-Bills with a maximum maturity of 6-months, focusing on maximizing interest rates and minimizing price and duration risks.

WHO: Polkadot Community Foundation on behalf of the DAO, Centrifuge
WHAT: Deploy 1.5M USDC into Centrifuge's T-Bill pool, Anemoy Liquid Treasury Fund, to earn stable yield, grow Polkadot TVL, diversify the treasury, bolster RWAs within Polkadot, and support Centrifuge
PRICE/TIMEFRAME/RESOURCES: 1.5M USDC immediately, no lock-up period, no added layer of risk for Centrifuge, fees for the fund are 15bps annually

*UPDATED* Proposal for the Polkadot Community to Earn RWA Yield on Idle Stablecoins via Centrifuge

GlobalLedger is proposing a cost-effective solution for Polkadot ecosystem projects to meet compliance requirements. The proposal offers tools and services to help projects qualify for VASP licenses, engage with TradFi institutions, maintain MiCa-compliant stablecoins, and provide data for regulators. The main benefits of this proposal include lower costs, faster delivery, inclusive access, and support for more parachains. The proposal asks for a 20,000 DOT commitment for Phase 0 delivery, with future phases approved separately as the ecosystem grows. GlobalLedger aims to debunk myths about compliance and provide a practical, transparent solution for the Polkadot community. The plan includes checking the formal proposal, joining video sessions, questioning and voting on the proposal, testing deliverables, and deciding on follow-up milestones.

Rejected

GlobalLedger offers cost-effective compliance tools and services for Polkadot ecosystem projects to qualify for VASP licenses, engage with TradFi institutions, onboard and maintain MiCa-compliant stablecoins, and more. The proposal costs 20,000 DOT, with the first deliverables ready in 3-4 weeks. The community can vote for 10 additional parachains to be supported in later stages. GL provides software, education, consulting, and return stolen funds service available to everyone in the community for 3 years. GL aims to fight back cybercrime and AML risks as early as possible without significant spending.

Alternative Proposal on Blockchain AML/CTF Compliance from GlobalLedger.

We want to create a free notification service for Coretime. This service will help three groups of people:

1. Parachain teams: They will get reminders to renew Coretime and can use the service for other things too. We will make the tool open source, so they can use it or make their own version.

2. Token holders: They will get warnings if a parachain is about to stop making new blocks because it doesn't have enough Coretime.

3. Coretime traders: They will get updates on when to buy Coretime at the best price.

This will help everyone know when to renew Coretime and avoid mistakes. You can read more about the proposal here: [link](https://docs.google.com/document/d/1z-lBu5LhqUghgDfb8qykwyZHS1rXIbS2d8m7IFpoby0/edit?usp=sharing)

small_spender

Polkadot proposes to develop a free notification service related to Coretime to provide notifications for parachain teams, token holders, and Coretime traders. The tool will be open source and well-documented to facilitate self-hosting. The proposal aims to automate the renewal process, reduce the risk of missed renewals, and prevent some chains from stalling. The full proposal can be found in the provided link.

Coretime Notifications

### SubWallet Proposal Summary

1. **Overview**: SubWallet is a non-custodial wallet for Polkadot and Kusama ecosystems, offering browser extension, mobile app, and web app.

2. **Achievements**: 
   - Supports 150+ networks.
   - Over 1.6 million installs and 800,000+ users from 100+ countries.
   - Active community of 50,000 members on social platforms.

3. **Key Features**:
   - Multi-chain asset management.
   - Built-in XCM transfers.
   - Staking options (Nominate, Nomination Pool, Liquid Stake).
   - Hardware wallet support (Ledger, Keystone, Polkadot Vault).

4. **Integration Highlights**:
   - New Polkadot Ledger app.
   - Polkadot <> Kusama bridge.
   - Polkadot <> Ethereum bridge.
   - Native asset swaps on Asset Hub.

5. **Community Impact**:
   - Contributes to ecosystem growth through comprehensive product suite and marketing efforts.
   - Efficient treasury spending with retroactive funding approach.

6. **Proposal**: Seeks funding from Polkadot Treasury for work done from December 2023 to July 2024. Detailed proposal and costs are available [here](https://subwallet.notion.site/Retroactive-SubWallet-08-Months-Development-6b114811ed4543f58b26c02b6d33c690).

[Retroactive] SubWallet 08 Months Development

TimedOut

Please vote nay

This proposal is about creating KPVM, a formal semantics of the Polkadot Virtual Machine (PVM) using the K Framework. The project will last about 4 months and involve two full-time engineers. The main benefits of this project are:

1. **Client Diversity**: Formal semantics will help in developing new PVM clients and make the Polkadot network more resilient and flexible.
2. **Conformance Testing**: The formal model will allow for comprehensive testing of PVM implementations, making the network more secure and robust.
3. **Developer Tooling**: Formal semantics will help create tools like debuggers and property testing tools, making it easier for developers to write and test code.

Runtime Verification (RV) is the team working on this project. They have experience in formal verification and blockchain systems, and have worked on KEVM, a formal semantics of the Ethereum Virtual Machine (EVM).

The main problem is that PVM currently lacks a formal specification, which can lead to bugs and vulnerabilities. Creating a formal semantics of PVM using the K Framework will help make the Polkadot ecosystem more secure and reliable.

WHO: Runtime Verification (RV)

WHAT: Develop KPVM, a formal semantics of the Polkadot Virtual Machine (PVM) using the K Framework, which will enhance the security and reliability of the Polkadot ecosystem, facilitate the development of a diverse ecosystem of PVM clients, and create advanced developer tools.

PRICE/TIMEFRAME/RESOURCES: Total ask of 371,875 USDC for a project designed to span approximately 4 months and involve two full-time engineers, with potential follow-up work to extend PVM tooling based on the formal semantics established in this proposal.

Polkadot Virtual Machine (PVM) Formal Specification Development

FiDi is proposing to create an open-source analytics platform for Polkadot that will provide a code-free interface for developers, analysts, and networks. The platform aims to support all parachains and combine major data providers within Polkadot into a single presentation layer. The platform will address the challenges of data visibility, analytics, and accessibility that Polkadot currently faces, which hinder its growth and recognition. FiDi's Code-Free Intelligence will provide a comprehensive view of the Polkadot ecosystem and its parachains, boosting the network's visibility and competitiveness in the blockchain space. The platform will be data source-agnostic and integrate a wide array of indexers, oracles, aggregators, and analytics providers in Polkadot, allowing users to select their preferred and most trusted sources. FiDi is asking for $406,403 (93,699 DOT) to achieve milestones 1 through 11, which include development, data provider integration, deployment, and an additional year of infrastructure and user support.

WHO: FiDi team, a group of seasoned builders, data experts, and venture-backed operators with extensive experience in data analytics, infrastructure, and web3.

WHAT: Developing a comprehensive analytics platform, Polkadot's Code-Free Intelligence, that will serve as the definitive source of truth for all Polkadot activity, catering to both technical and non-technical users.

PRICE/TIMEFRAME/RESOURCES: Asking for $406,403 | (93,699 DOT) to achieve milestones 1 through 11 encompassing development, data provider integration, deployment, and an additional year of infrastructure and user support.

FiDi | Polkadot’s Code-Free Intelligence

Cyborg Network is planning a treasury proposal to build a web2.5 centric parachain to bring new enterprise and web2 users into the Polkadot ecosystem. They aim to create a platform for managing AI compute resources and launch the Cyborg parachain as Polkadot's web2.5 hub. They are also launching JAM-Boost, a product line for deploying and managing Polkadot edge nodes. The team is seeking 182,275 USDT to build and launch the Cyborg parachain on mainnet. They have a history of winning hackathons and receiving grants in the Polkadot ecosystem. The proposal is not for a token swap, and they plan to use DOT and Asset Hub stablecoins for JAM-Boost transactions.

Cyborg Network plans to build a platform for managing AI compute resources and launch the Cyborg parachain as Polkadot's web2.5 hub. They are seeking 182,275 USDT to build and launch the parachain on mainnet. JAM-Boost will be offered as part of the IBP bounty program. The team has won several hackathons and delivered a W3F grant. They plan to use DOT token and Asset Hub stablecoins for all transactions related to JAM-Boost.

Cyborg Network: Unlocking the Web 2.5 potential of Polkadot with Blockchain powered Edge Computing

WebZero is proposing a new version of the Sub0 developer conference for Polkadot. Here are the main ideas:

- The conference will last 3 days and include evening events, a day for Web3 educators, and a 72-hour hacker space.
- It focuses on grassroots hacker culture and aims to make entry easier by offering free tickets, food, and drinks.
- The venue will be designed for a creative experience with areas for networking, art displays, and cozy stages.
- They plan to be transparent with budgets and expenses so everyone knows how the money is spent.
- The goal is to gather over 400 attendees each day by partnering with universities and creating a special marketing campaign.
- The conference will include all Substrate projects, bringing together different communities.
- It will be located in Bangkok, just before the Devcon conference, to make it accessible and cost-effective.

Overall, the event aims to be fun, collaborative, and focused on developing the Web3 community.

WebZero proposes a reimagined Sub0 developer conference, with a focus on grassroots, Web3 hacker culture. The proposal includes a 3-day conference, evening events, a Web3 educators' day, and a 72-hour hacker space managed by WebZero's developer relations team. The requested amount is $437,560.00 USDC, and the proposal aims to bring together the top Substrate-based projects from across the ecosystem. The event will be held just before Devcon in Bangkok.

"sub0 RESET" @Devcon Bangkok - back to the roots

Polkadot Community Summary:

- A member is seeking support for their work in sharing news, creating memes, and engaging the community.
- Over eight months, they achieved high engagement metrics: nearly 2 million total visualizations and over 100,000 interactions.
- They focus on promoting participation in Polkadot’s governance system, emphasizing that more involvement leads to better community decisions.
- They believe true decentralized voting needs a higher turnout to reflect everyone's interests, not just a few.
- To continue their efforts, they are asking for a tip of 888 DOT.
- They express concern about proposals that focus on marketing instead of meaningful development and encourage transparency in discussing these proposals.
- They appreciate the work of community leaders and aim to foster integrity and genuine growth within Polkadot.

big_tipper

WHO: The author is seeking support from the Polkadot community. 

WHAT: The author has been working on investigating, disseminating news, creating memes, communicating with the community, and participating in discussions to enhance engagement and promote awareness about Polkadot and its governance system. 

PRICE/TIMEFRAME/RESOURCES: The author is requesting a tip of 888 DOT. The timeframe is from January to August 2024. No specific resources mentioned.

Support for Investigative Work and Communication Initiatives in Polkadot

Conor Daly, a professional race car driver, and his team are requesting $7,500,000 to fund their 2025 motorsports program with Polkadot, a blockchain platform. The funds will be used for various racing events, public relations, and community engagement activities. The program includes Conor Daly participating in the NASCAR Xfinity Series and the Indianapolis 500, with Polkadot as the primary sponsor. The team aims to raise awareness of Polkadot through motorsports and build connections with other companies and the Polkadot community. The proposal also includes plans for hackathons, gaming initiatives, and business development opportunities.

treasurer

2025 Polkadot Motorsports Program w/ Global Ambassador - Conor Daly

Dear Community,

We have a plan for a NextGen Web3 Cybersecurity training on September 27-29th near Berlin, Germany. The goal is to have 51% women join the training to help more women be part of the growing blockchain security field. The training will be led by women security researchers and organized by SystAIn3r, who has experience with women-focused events.

We already have money for 50 people's food and housing during the training at CryptoCastle. This will help us find the best security researchers for our project. We will also talk about the training at the Web3 Summit in Berlin to get more people interested.

The training will help people learn about blockchain security and use special tools for the Polkadot ecosystem. This will make the Polkadot ecosystem more secure and help people work together on security.

At the Web3 Summit, we had a women-focused event with 48 people signing up. Many people agreed that our cybersecurity training is a good idea. We also helped with a well-being event and got more women involved in a hackathon.

We will keep things simple and focus on building community and a good experience for everyone.

Best wishes, Team SystAIn3r

SystAIn3r proposes a 3-day cybersecurity training for the Polkadot ecosystem in Germany, aiming for 51% women participation. The training will be held in September, and funding for accommodation, catering, and housing for up to 50 people has already been secured. The training will be designed by women security researchers from Security Research Labs and organized by SystAIn3r. The proposal highlights the benefits of the training for the Polkadot ecosystem, including leveraging specialized knowledge and experience, building a strong foundation of knowledge, hands-on experience with ecosystem-specific tools, enhancing security practices, and fostering a collaborative security culture. The proposal will be submitted once on-chain identity migration for the people chain has been finished.

Connecting the DOTS: Training the Next Generation of Blockchain Security Experts

Polkadot AI Navigator is a project that wants to create an AI assistant chatbot for the Polkadot ecosystem. This chatbot will help users find information and understand the Polkadot platform better. It will be trained to understand Polkadot-specific questions and give accurate answers. The team behind this project has experience in AI, machine learning, and blockchain technologies. They want to make Polkadot easier to use and more popular. The AI assistant will be built on Polkadot's network, which is good at connecting different blockchains and keeping things secure. This project will also help make the Polkadot platform more useful and valuable for people who use its DOT tokens.

Polkadot AI Navigator proposes an AI-powered chatbot to provide comprehensive support for users within the Polkadot ecosystem. The solution aims to enhance user experience, streamline access to information, and support seamless navigation. The proposed budget is 4100 DOT, and the project will be completed in five milestones over four months. The team comprises experts in AI, machine learning, and blockchain technologies. The solution will benefit developers, end-users, and network administrators. The proposal aims to address key issues with the current Polkadot AI assistant, Polkabot.ai, which relies on the older ChatDKG service.

Polkadot AI Navigator: Enhancing User Experience with an Intelligent Ecosystem Assistant Proposal

Wrong Call Data Please Vote NAY

- The Polkadot Coretime Chain is being set up with a new version called v1.3.0.
- Instructions on how to create the chain-spec and genesis data are included in this release.
- A chain-spec helps people who operate nodes in the network.
- This setup is important before changing to a new system called Agile Coretime.
- Later, a vote will help update the Polkadot Relay Chain and move leases to the Coretime Chain.
- Another vote will then set up the Coretime Chain and start selling.

WHO: Polkadot

WHAT: Registering and onboarding the Polkadot Coretime Chain based on v1.3.0 release. 

PRICE/TIMEFRAME/RESOURCES: Not specified. 

Note: This is a prerequisite before the migration to Agile Coretime can be run. Two referendums will follow for updating the Polkadot Relay Chain and configuring the Coretime Chain.

[Whitelisted Caller] Register the Polkadot Coretime Chain

- Sean from CoinGecko is asking for $240,000 in USDT for a five-month campaign starting in September 2024.
- CoinGecko is a popular platform that gives information about cryptocurrencies like prices and trading stats.
- In the past, CoinGecko has had over 20 million views during special events.
- They will provide sponsored newsletters and ads on their YouTube channel with many subscribers.
- CoinGecko has a strong audience, including 700,000 newsletter subscribers and many views during campaigns.
- The plan aims to increase awareness of the Polkadot brand and engage its community.

CoinGecko proposes a 5-month campaign for Polkadot, including sponsored newsletters and pre-roll/mid-roll ads on their Youtube channel. They request $240,000 in USDT, starting in September 2024, with the option to renew for 6 more months. The campaign aims to increase brand loyalty and awareness, engage with native Polkadot creators, and achieve cross-promotion synergy.

CoinGecko - Polkadot Campaign

Josiah Kotzur, an active member of the Polkadot community, is proposing to have a Polkadot booth at the Australian Crypto Convention 2024 to increase Polkadot's exposure in Australia. He aims to be the point of contact for Polkadot in Australia and lead the growth of the Polkadot community there. The Australian Crypto Convention is the largest crypto event in the Southern Hemisphere, where industry professionals connect to learn, exchange ideas, and shape the industry. The proposal includes prominent branding, a stand, solo and panel sessions, and passes for team members. The budget allows for four teams and one head ambassador to attend, with an allowance for flights and accommodation. The proposal requests $116,160 USDT, and all funds will be managed by Blockchain Integration.

Josiah Kotzur proposes to have a Polkadot booth at the Australian Crypto Convention 2024 to increase Polkadot exposure in Australia. The budget allows for 4 teams and one Head Ambassador to attend with an allowance of $5k USD each per team to contribute to flights and accommodation. The proposal request is for $116,160 USDT.

Polkadot At The Australian Crypto Convention

- A new referendum proposes converting part of Polkadot Treasury's DOT assets into stable coins (USDT and USDC).
- Similar to Referendum 457, it uses Hydration's DCA feature to sell a fixed amount of DOT daily.
- The conversion plan spans one year.
- Unlike Referendum 457, this proposal sells a fixed amount of DOT per trade, not a fixed amount of stable coins.
- For more details, methodology, and calculations, see the [proposal document](https://docs.google.com/document/d/113gRdJ-LxqbzhSZZOewL1XPLINjOG0oFtNM9IZVQFX8/edit).

root

WHO: Polkadot Treasury

WHAT: Gradually convert part of DOT assets into stable coins (USDT and USDC) using Hydration's DCA feature to sell a fixed amount of DOT per day.

PRICE/TIMEFRAME/RESOURCES: Not specified. Refer to the proposal doc for more details.

Convert Part of DOT Assets to Stablecoins

- Polkadot-API is a project that builds on PolkadotJs.
- It provides tools to help developers make decentralized applications (dApps).
- The project focuses on ensuring it's easy to use and "light-client first."
- The stable version 1.0.0 of Polkadot-API has been released.
- The team is looking for funding to continue developing the project.
- They want feedback on their funding proposal before submitting it.
- More details about the proposal can be found in a shared Google Doc.

WHO: Polkadot-API development team

WHAT: Seeking funding for ongoing maintenance and development through treasury proposals

PRICE/TIMEFRAME/RESOURCES: Details of the proposal can be found in the Google Doc provided.

Polkadot-API: Aug 2024 - Jan 2025 development financing

wish_for_change

staking_admin

lease_admin

fellowship_admin

general_admin

auction_admin

referendum_canceller

referendum_killer

OpenGov Referenda

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.

OpenGov Referenda

Referenda Tracks