### Summary of Polkadot OpenGov Utility Batch Process

1. **Video Tutorial**: Learn how to use `utility.batch` with `treasury.spend` for USDC and USDT in this [video](https://www.youtube.com/watch?v=ak-me8G-MMo).
2. **Slides**: Detailed slides are available [here](https://docs.google.com/presentation/d/1onXYeGm4cFJlktsWJWi0YirNuYsQ5oe4/edit#slide=id.g27a15e6ec76_0_18).
3. **Cheat Sheet**: A handy cheat sheet for the process is [here](https://docs.google.com/spreadsheets/d/167TVq-PCqGVHI1MEP8EeaGc1zz2F5mmZgtcWCw2Ylgo/edit?gid=1373159512#gid=1373159512).
4. **Stable Results**: This method avoids unpredictable results and eliminates the need for frequent top-ups.
5. **Milestone Payments**: Proposers can be paid in stages, reducing risk for both the OpenGov Treasury and the proposer.
6. **Cancellation Option**: If a proposer fails to deliver, OpenGov can cancel the proposal using `treasury.voidSpend`.
7. **No More Top-Ups**: This process ensures stable and efficient treasury spending without the need for additional funds.
8. **Urgency**: It's important for everyone to know and use this method for better treasury management.

Executed

small_tipper

WHO: Polkadot OpenGov proposers and voters.

WHAT: Use utility.batch with treasury.spend call with USDC + USDT to deliver milestone by milestone and avoid guesswork and top-ups.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Polkadot OpenGov TOP-UP KILLER: utility.batch treasury.spends with USDC + USDT

### Summary of the Referendum

- The referendum proposes increasing the recommended core count for reference hardware from 4 to 8.
- This change would start in January 2025.
- The Polkadot binary is a multithreaded program that benefits from more hardware cores.
- Currently, the minimum hardware requirement is 4 cores with SMT disabled.
- With async backing enabled, parachains can produce larger blocks, increasing execution time.
- Validators need to check relay chain blocks and parachain blocks, which requires more CPU cores.
- Raising the core count to 8 is intended to prepare for future network growth.
- The Polkadot binary will continue to run with a warning if the hardware does not meet the new requirements.

wish_for_change

Polkadot proposes to increase the recommended core count for reference hardware from 4 to 8 for validators starting January 2025, to prepare for future usage increase. No change in behavior for machines not meeting requirements.

Increase recommended core count for validators reference hardware from 4 to 8

Saimon is a senior ambassador working on community and developer activities for Polkadot. Here’s a summary of his contributions:

- Held 5 workshops and meetups in 4 cities across 2 countries.
- Involved over 100 developers in learning about Polkadot and blockchain technology.
- Successfully presented Polkadot resources to companies and chambers of commerce.
- Featured 5 projects during a hackathon that showcased new ideas.
- The activities included teaching smart contracts, cryptography, and building blockchains.
- Recognized team members who helped with logistics and communications.
- The events benefited the Polkadot community and connected developers and businesses.

Rejected

big_tipper

WHO: Saimon, with Angi, Audi, and Juana.

WHAT: Proposal to tip for contributions made in various activities involving community development, business development, and developer activities.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Ecosystem agent tip for Saimon contributions - Developer, Community and Business

The Polkadot Halving is a proposal to reduce the inflation rate of DOT by 50%. Here are the key points:

- The goal is to see if the Polkadot community wants to lower the DOT inflation.
- It aims to create excitement and awareness about the "Polkadot Halving."
- This idea is inspired by the Bitcoin Halving, which is well-known and happens every four years.
- If agreed upon, future proposals for more halving will be made after each Bitcoin Halving.
- The exact date for the Polkadot Halving will be decided by the community within three months.
- The proposal focuses on building community involvement and long-term planning. 
- Everyone is encouraged to share their thoughts on this proposal.

WHO: The Polkadot community.

WHAT: Reduce the inflation rate of DOT by 50% and drive the "Polkadot Halving" narrative across all marketing channels.

PRICE/TIMEFRAME/RESOURCES: Not specified.

LONG-TERM VISION: Establish a recurring following each BTC halving where the community votes on whether to halve the supply again.

The Polkadot Halving

TimedOut

[Small Tipper] Referendum #1047 

- The Robonomics Team is asking for a tip for their experiment at the Polkadot Decoded 2024 event.
- They set up sensors around a bar called the Free Beer Stand to measure how many people attended.
- The experiment showed a new way to collect data automatically using technology.
- This data can help the Polkadot community understand interest in future events.
- The team wants to keep doing similar experiments if the community is interested.
- They are requesting 550 DOT for the work they've done on this project.
- More information and results can be found in their article and a Twitter post.

WHO: Nakata, engineer in Robonomics network
WHAT: Requesting a tip for conducting an experiment with beer bar at the Polkadot Decoded 2024 event to demonstrate a new method of automatic data collection.
PRICE/TIMEFRAME/RESOURCES: Requesting a tip of 550 DOT. No specific timeframe or resources mentioned.

Request for Tip the experiment with beer bar at the Polkadot Decoded 2024

- The ink! smart contract programming language is popular for its easy use and effective deployment in the Polkadot community.
- Audits for ink! were done in 2022 and 2023 to check for issues, but fewer complex contracts were tested back then.
- This proposal aims to audit ink! 5.0 to find new problems and improve the code.
- Auditors will look closely at the storage layer and how ink! works with XCM.
- A comprehensive report will be shared with the public after fixing major findings to help other developers.
- A blogpost will summarize the audit results and suggest ways to improve security in the ink! programming language.
- If any bugs are found in sample contracts, the auditors will let the community know responsibly.

medium_spender

**WHO:** Parity Technologies and SRLabs will conduct a comprehensive audit of the ink! 5.0 smart contract language and implementation.

**WHAT:** The audit will identify vulnerabilities and areas of improvement in the codebase, with a focus on the storage layer and XCM integration.

**PRICE/TIMEFRAME/RESOURCES:** Not specified.

**DELIVERABLES:** A comprehensive audit report, an ecosystem blog post, and responsible disclosures for any bugs discovered in the selected ink! contracts.

**ENGAGEMENT:** Read the full proposal for more details, learn about Parity Security and SRLabs, and provide feedback to refine the approach.

**150 SYMBOLS SUMMARY:** Parity Technologies and SRLabs will audit ink! 5.0 smart contract language and implementation to identify vulnerabilities and areas of improvement. Deliverables include a report, blog post, and responsible disclosures.

ink! 5.0 Codebase Security Audit

This TIP is asking for money for creating a special interview guide. The guide helps people choose the best person for an important job called Head Ambassador. It took 4 hours to make and they want to be paid $50 for each hour. They collected questions from different groups and made a helpful document for everyone. They think it's worth at least $200 and hope others agree.

WHO: The authors of the standardized interview guide. 

WHAT: Requesting compensation for their time spent creating the document. 

PRICE/TIMEFRAME/RESOURCES: $50 per hour for 4 hours, totaling $200.

Creating a standardized interview for Head Ambassadors

- Ceres Blockchain Solutions is creating a project called Dazhbog.
- Dazhbog will be a special platform for trading futures contracts using the Polkadot network.
- This platform helps other builders easily add it to their own projects.
- It allows people to trade in a safe and decentralized way.
- The project won first place in a hackathon for its potential and great ideas.
- They are skipping a small grant and going right to making the full product.
- More information about Dazhbog can be found in their online documents.

Ceres Blockchain proposes Dazhbog, a decentralized perpetual futures exchange for the Polkadot ecosystem. They plan to skip the PoC grant and pursue full product development instead. No price, timeframe, or resources mentioned.

Dazhbog: A Decentralized Perpetual Futures Exchange

DAO designs today use network treasuries that start with speculation. These treasuries can cause problems and don't help people work together smarter. A new idea is to create a special type of network token that can only be used for specific goals on the network. This helps the network's own stablecoin grow and keeps the money within the network. There is a picture to help explain this idea. There is also information about similar ideas from the past.

root

WHO: Not specified
WHAT: Proposing an alternative approach to current DAO designs by minting illiquid/vesting network token for on-chain impact and driving economic adoption of native stablecoin issued by Brale with yield staying within ecosystem.
PRICE/TIMEFRAME/RESOURCES: Not specified.

forceSetBalance treasury to 0

- Some members of ChaosDAO think Michiko Watanabe might be using a fake name.
- Michiko was promoted to a role called HA.
- Attempts to contact Michiko have not received any replies.
- Michiko has also deleted their social media account and left group chats.
- People are encouraged to vote about governance and not just hold their tokens.
- If you don't vote and are unhappy later, you are part of the problem.
- It is suggested to pay attention to governance or team up with groups that care.

fellowship_admin

ChaosDAO suspects Michiko Watanabe of using a fake persona and urges people to vote in governance. They suggest voting NAY on ref 871 and delegate to ChaosDAO. No price, timeframe, or resources mentioned.

Remove Michiko Watanabe from the Polkadot Ambassador Program

Coretime DevTools is a set of tools to help developers work with Polkadot SDK/Substrate and deploy with Coretime. It has four parts:

1. Coretime CLI (being planned): A way to build parachains and deploy with Coretime using the command line.
2. Subdev.cn: A website with technical information for Chinese Polkadot developers. It has 1,200 page views and 200 active users each month.
3. Substrate Stencil: A template to start a Substrate-based Proof of Stake (PoS) chain with features like staking and governance.
4. Play Substrate: A place for developers to practice with different parts of a blockchain, like data types and custom weights.

The team behind Coretime DevTools has a lot of experience with Polkadot and wants to make it easier for developers to get started. They have done things like:

- Adding Substrate-stencil and play-substrate to the Polkadot Wiki.
- Making a way for private networks to only connect with certain nodes.
- Having thousands of people visit subdev.cn to learn about Polkadot.

You can read more about their plans on HackMD or Google Docs.

WHO: Coretime DevTools team

WHAT: Offering a suite of tools to assist developers in building with Polkadot SDK/Substrate, including Coretime CLI, subdev.cn, Substrate Stencil, and Play Substrate.

PRICE/TIMEFRAME/RESOURCES: Not specified.

Enhancing Coretime DevTools for Seamless Parachain Builder Experience

### Polkadot Growth Initiative (PGI) Summary

- **PGI Introduction**: Announced on July 9th in the Polkadot forum, the Polkadot Growth Initiative (PGI) aims to support promising projects in the Polkadot ecosystem.
- **Community Feedback**: The initial concept received over 535 views and 31 replies, leading to improvements based on community input.
- **Investment Threshold**: The investment threshold was raised from 23.33% to 33.33% of a project's funding target after community discussions.
- **Purpose**: PGI is designed to boost project success without lowering the threshold for funding.
- **Benefits**: PGI helps fund projects, increasing their chances of success and benefiting DOT holders through increased block space usage and coretime sales.
- **No Top-Up**: As of August 5, 2024, PGI will not seek additional funding to account for USD payment differences.
- **Co-Investment**: PGI allocates a fixed 10% co-investment in projects that reach the 33% funding target from external investors.
- **Goal**: PGI aims to support the Polkadot ecosystem by funding projects and creating a positive flywheel effect with successful outcomes.

big_spender

Polkadot proposes the Polkadot Growth Initiative (PGI) to fund promising projects on the platform and increase their success rate. The investment threshold for the PGI is 33.33% of the funding target of a raising project. The PGI aims to increase coretime sales and create a positive flywheel effect. No top-up will be sought for the difference in USD payments.

Polkadot Growth Initiative (PGI)

- Gavin Wood suggested that Polkadot should invest in different businesses outside its ecosystem.
- This proposal is about Polkadot buying a legal entity that owns the trademark **PARTYFY**.
- The trademark is registered in the EU and includes the domain names www.partyfy.eu and others.
- Polkadot will appoint someone to represent them and handle the ownership transfer in Estonia.
- This move aims to help Polkadot diversify its investments.
- There are links to more discussions and a press release about the trademark.

Polkadot will acquire the legal entity holding the EU-trademark for PARTYFY and its domain for diversification. The acquisition will be made at an undisclosed price and timeframe.

To acquire Partyfy trademark

- A request is made for 9928 DOT (about 58558 USD) for post-production of 8 new episodes of Web3Thinkers and Web3Builders.
- This request follows a 6-month report showing over 1.25 million views and more than 61,000 watch hours.
- They have conducted 50 interviews that provide content for these series.
- They have produced 16 episodes so far and plan to reach a total of 24 episodes by the end of 2024.
- The request also includes funds to fix a shortfall from a previous funding proposal.
- A buffer of 10% is added to avoid future discrepancies.
- The funds aim to support the growth of the Polkadot ecosystem through media content.

small_spender

WHO: Behind the Code Team, Key Pictures

WHAT: Requesting additional funds of 9928 DOT (58558USD) for post production on 4 episodes of Web3Thinkers and 4 episodes of Web3Builders, and a top-up to correct a small discrepancy in funding received for initial proposal.

PRICE/TIMEFRAME/RESOURCES: $14,400 for post production of 8 episodes, to be released by end of 2024. Top-up request to correct shortfall of $38,835. Excess DOT will be returned to treasury.

Behind the Code II: Additional Funding for more episodes of Web3 Thinkers/Builders and Top-up on treasury #604 payout

Polkadot for 100,000+ Students is a project that wants to teach people about Polkadot blockchain technology using an educational app. Here are the main points:

- The app already has over 100,000 downloads and 50,000 active users each month.
- The team has experienced professionals in blockchain and mobile app development.
- They plan to include easy-to-understand lessons on blockchain and Polkadot.
- The project has three main steps: creating courses, testing them, and then releasing the app.
- They will check if the project is successful by looking at user engagement and app downloads.
- The goal is to help students learn about Polkadot and become part of its community.

WHO: The team consisting of experienced professionals with extensive backgrounds in blockchain and fintech.

WHAT: The team aims to integrate comprehensive Polkadot-related content into their educational app, currently boasting over 100,000 downloads.

PRICE/TIMEFRAME/RESOURCES: The project will be executed in three milestones, and the budget details are not mentioned. Success will be measured through user engagement rates, app download numbers, and active user feedback.

Polkadot for 100,000+ Students

- The ASSET PORTAL wants to get 30,981.00 DOT money to create a special online place called Asset Hub.
- They want to help people manage their digital tokens more easily and make the website fun to use.
- Users will be able to see their money, send tokens, and move tokens to different places in the Polkadot network.
- The new portal will also help users explore and trade in a world called DEFI.
- It will be open-source, meaning anyone can look at the project's code.
- They also plan to connect with Kusama Asset Hub to share features.
- For more information, you can visit their website at assetportal.io.

WHO: Asset Portal
WHAT: Develop and deliver an asset management portal to enhance the value of the Asset Hub network, increase the number of users, and streamline navigation across the Polkadot ecosystem.
PRICE: 30,981.00 DOT
TIMEFRAME: Not specified
RESOURCES: Open-source project, available at assetportal.io.

AssetPortal (Milestone 1)

Albert, also known as I Love Cripto, is a 40-year-old Polkadot community member who has noticed increasing toxicity within the community. He is concerned about the negative impact this has on Polkadot's reputation and encourages members to address issues directly with those involved, rather than airing grievances on social media. Albert believes that a healthy community is essential for Polkadot's success and that focusing on the positive aspects of the technology will help attract more investors, companies, and developers. He hopes his message will inspire a change in attitude and reduce toxicity within the ecosystem.

WHO: Albert, also known as I Love Cripto on social media.

WHAT: Proposing to reduce the toxicity in the Polkadot community by avoiding negative comments and criticism on Twitter and instead focusing on building a healthy community.

PRICE/TIMEFRAME/RESOURCES: Not applicable.

Less noise, more Polkadot

treasurer

Close Bounty 46 – AMI Bounty Program

The Polkadot UX Bounty is a proposal to manage a bounty program for improving the user experience of the Polkadot ecosystem. The program will be managed by a 6/9 multisig, with 3 curators to be added soon. The proposal addresses concerns about bounty management and conflict of interests by implementing measures such as abstaining from voting on their own proposals, higher scrutiny for projects executed by curators, and documenting all votes and decisions publicly.

The multisig structure includes 8 curators and 1 operator (Braille), requiring 5 out of 8 curators to approve a spending. When curators are also executors, they abstain from voting and are removed from the multisig threshold, increasing the difficulty of approval.

The proposed curators come from various backgrounds and expertise in the Polkadot ecosystem, including SubWallet, Nova, Talisman, Apillon, Velocity Labs, DHNN, OpenGovWatch, and Parity. Their roles and contributions to the ecosystem are detailed in the proposal.

Polkadot proposes a referendum for the curators of the UX Bounty. The bounty will be managed with a 6/9 multisig, and curators who are also executing tasks will abstain from voting on their own proposals. The proposal includes a list of proposed curators with their expertise.

Proposing Curators for the UX Bounty

SmallTipper

AllInCrypto is a group that wants to help Polkadot grow by making and sharing information about it. They plan to do this for 6 months and ask for 12,500 DOT (like money) to help them. Here's what they want to do:

1. Write 40 to 52 articles on their website about Polkadot.
2. Make 30+ videos on YouTube about Polkadot, including how to use it and interviews.
3. Create a one-hour video documentary about Polkadot's history and future.
4. Share updates on social media about what's happening with Polkadot.

They will talk about new things happening with Polkadot, how to use it, and news about other projects that work with Polkadot.

In the past 6 months, they have already helped a lot by sharing information about Polkadot. They think they can do even better with more support.

They will give monthly reports to show how well they are doing and if they are meeting their goals. They will spend the 12,500 DOT on making content, sharing it, and other important things like software and travel for interviews.

**WHO**: AllInCrypto <br>
**WHAT**: Proposes to extend partnership with Polkadot to create high-quality content, including 40-52 articles, 30+ videos, and a one-hour video documentary, as well as social media posts. <br>
**PRICE/TIMEFRAME/RESOURCES**: 12,500 DOT for 6 months, with 70% allocated to content creation, 20% to marketing and distribution, 5% to operational expenses, and 5% to contingency and innovation.

AllInCrypto's Strategic Content and Community Engagement Proposal for Continued Partnership

### Proposal Summary

- **Objective**: Secure a $1 million marketing budget to sponsor 20 global family office summits and investment conferences, aiming to attract untapped capital into Polkadot.
- **Repayment**: The $1 million sponsorship cost will be repaid to the treasury through a 1% revenue-share from capital raised by Harbour Industrial Capital (HIC) at these events.
- **Changes from Previous Proposal**: Introduced a 1% revenue-share model, ensuring a direct benefit to the treasury. The 1% is deducted from HIC's management fees, aligning incentives for both parties.
- **Risk Sharing**: The revenue-share is uncapped, meaning more capital raised results in higher repayment to the treasury.
- **Incentives**: Max and Mario, recently appointed as Head Ambassadors of Polkadot, will organize these events without additional salary, focusing on bringing fresh capital and creating a new Polkadot ecosystem fund.
- **Proof of Work**: HIC has already raised a $10 million Polkadot fund and has a track record of organizing and speaking at Polkadot events.
- **Need for New Fund**: Traditional VCs often overlook Polkadot projects, necessitating a dedicated fund to support ecosystem growth.
- **Target Investors**: Family Offices are seen as the most promising investors due to their familiarity with traditional investment structures and potential for large investments.
- **Budget**: The $1 million budget will cover sponsorship costs for up to 20 events, with costs varying per event. The budget will be used until exhausted, aligning with treasury interests.
- **Revenue Share Model**: 1% of funds raised from LPs will be returned to the treasury quarterly, with transparency reports published regularly.

Harbour Industrial Capital is proposing to obtain a marketing budget of US$1 million to sponsor a series of ~20 major established global family office summits and traditional investment conferences, with the aim of bringing untapped capital into Polkadot. The proposal includes a 1% revenue-share model, where 1% of the capital raised by HIC at these investment conferences from new LPs will be directly returned to the Polkadot treasury. If successfully executed, this US$1 million in sponsorship costs will be repaid to the treasury in full. The proposal aims to create a new large Polkadot ecosystem fund that otherwise would not exist.

Investment Conference Series for Polkadot, with Revenue-share Model for Treasury

Bifrost is a leading Liquid Staking Technology (LST) protocol on Polkadot and Kusama. They have proposed to include their products in Polkadot Bounty #33 - Marketing Bounty. Their products include:

1. Bifrost: The Liquid Staking Standard for Any Chain, secured by Polkadot.
2. SLP: Liquid Staking Protocol using Polkadot SDK and decentralized validators-collators through Bifrost OpenGov.
3. Omni LS: The omnichain Liquid Staking Hub, based on SLPx the extension Liquid Staking pallet using XCM calls.
4. Loop Stake: The leverage LST pallet for the Polkadot ecosystem.

Bifrost supports other PoS networks like Astar, Moonbeam/Moonriver, Manta, and aims to make Polkadot shine on Filecoin and Ethereum. They have partnered with many teams and dapps for cross-marketing initiatives. Their main dapps are Bifrost dapp and Omni LS.

Bifrost's products highlight Polkadot SDK, interoperability, and synergies between teams inside the Polkadot ecosystem. They help release locked liquidity, participate in governance, and secure the relay-chains. This proposal follows recent referendums that require specific approval through OpenGov for continued guaranteed inclusion in marketing narratives.

WHO: Bifrost
WHAT: Inclusion of Bifrost's products in marketing narratives funded by Polkadot Bounty #33 - Marketing Bounty
PRICE/TIMEFRAME/RESOURCES: Not specified

Inclusion of Bifrost Products & Solutions in Marketing Narratives

whitelisted_caller

staking_admin

lease_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