### Summary of the Proposal

- **Proposal**: Translation of the Polkadot Wiki into Hungarian.
- **Proponent**: Polkadot Hungary Community.
- **Beneficiary**: Mildzsu, a Polkadot Ambassador Candidate.
- **Objective**: To make blockchain technology more accessible to the Hungarian community by translating educational materials.
- **Current Milestone**: Translation of the "Explore" section of the Polkadot Wiki.
- **Community Impact**: Expected to foster a more engaged and knowledgeable community in Hungary.
- **Future Plans**: Further translation of other sections based on community feedback and effort required.
- **Funding Request**: 490 DOT for the first milestone.

Rejected

big_tipper

Polkadot Hungary proposes to translate the Polkadot wiki into Hungarian, starting with the Explore section. The translation will be carried out in consecutive phases, including proofreading and graphic design. The first milestone is estimated to take 6-8 months to complete, with a requested value of 490 DOT. The translated wiki will serve as a valuable resource for both new and existing Polkadot users in Hungary. The finished wiki will be available on polkadothungary.net website, which is under development.

#727 Semi-Retroactive Proposal for the translation of the Polkadot Wiki to Hungarian

Please vote NAY - Wrong preimage

- Key Pictures made a special video called "The Gray Paper Interview" with Dr. Gavin Wood.
- The video is 100 minutes long and talks about JAM and the Gray Paper.
- It was released during Token 2049 in Dubai.
- The Kusamarian is helping share and promote the video.
- Key Pictures spent extra money on editing, graphics, and music for the video.
- They are asking for $3,800 to cover these costs.
- Future videos like "Web3Thinkers" and "Web3Builders" will be paid for by The Kusamarian.

Executed

Key Pictures requests retrospective funding of $3800 for the post-production costs of the one-off special video "The Gray Paper Interview" featuring Dr. Gavin Wood. The costs include 4 days of editing, online/colour grading/audio mix, graphics creation, and music licensing. The funding will cover the additional costs not covered by the medium spend #415.

'The Gray Paper Interview' Retrospective Funding for Post-Production

REJECT 

- Sasha has been working on Polkadot smart contracts for several years.
- The project aims to make Polkadot smart contracts work with Ethereum tools.
- A proof of concept and early prototype have been completed.
- The next step is to make the project ready for a testnet.
- The project is being tested on an experimental parachain called Yerba Network.
- The goal is to allow Ethereum apps to work on Polkadot without changing their front-end.
- The project is different from Frontier, which makes Polkadot more like Ethereum.
- The project is discussed on the Polkadot Forum for community feedback.

small_spender

WHO: Sasha, ink! core team member at Parity Technologies and independent Rank-II member of the Polkadot Fellowship.

WHAT: Proposal to evolve the ethink! project towards a testnet-ready state, making it easier for developers to deal with Ethereum ABI-encoded data.

PRICE/TIMEFRAME/RESOURCES: Not specified.

ink! + Ethereum RPC = ethink!. Proposal-02: Getting Testnet-Ready.

This proposal asks to create a connection between AssetHub (ParaID 1000) and SORA Polkadot Network (ParaID 2025). This connection will help make the Polkadot ecosystem better by letting more people use it. It will also let people trade different types of assets on the Polkaswap exchange. This is a good idea because it will make the Polkadot network more connected and strong. We want everyone to support this idea to make the Polkadot network even better.

general_admin

WHO: The proposal is made by an unknown entity.

WHAT: Requesting to open a bi-directional channel between AssetHub (ParaID 1000) and SORA Polkadot Network (ParaID 2025) to enhance the capabilities and reach of the Polkadot ecosystem.

PRICE/TIMEFRAME/RESOURCES: No information provided.

Open HRMP channels between AssetHub and SORA

- A video game streamer promoted Polkadot for a month in March 2024.
- He used a bright LED Polkadot sign during his streams.
- The campaign reached over 3.4 million views on TikTok, Twitch, and Discord.
- Most viewers were under 35 years old.
- The streamer streamed for 101 hours with 800 viewers on average per stream.
- He asked for $4126 as payment for his efforts.
- The proposal includes links to his social media accounts and campaign details.

WHO: Polkadot community

WHAT: Retroactive payment of $4126 (596 DOT @ EMA7) to a video game streamer who promoted Polkadot to his large, youthful audience during a month-long campaign, resulting in over 3.4 million combined video and stream views.

PRICE/TIMEFRAME/RESOURCES: Not specified.

TIP: Gamer Streaming Reimbursement

Mandala Chain has proposed a campaign to increase Polkadot's awareness and user engagement in Asia, particularly in Indonesia and Australia. The campaign aims to maximize Polkadot's brand recognition and mission in the Web3 space, increase user onboarding, and channel the growth of the Asian crypto market towards the expansion of the Polkadot ecosystem. The campaign includes several objectives and events:

1. Polkadot's title sponsorship of Coinfest Asia 2024, a major international crypto festival in Bali, Indonesia.
2. Showcase Mandala Chain, the first Polkadot parachain in Indonesia, and its unique projects with the government and businesses.
3. Showcase the Polkadot SDK, Polkadot Hub, and Bali Blockchain Centre through the Bali Blockchain Summit event and Polkadot Championship Hackathon.
4. Drive direct user onboarding at the events through interactive experiences, showcases, and dedicated support.
5. Position Polkadot as the technology partner of choice in Indonesia's national digital transformation roadmap, Digital Indonesia Vision 2045.
6. Attract investors and expose Polkadot parachains and related products to funding opportunities through exclusive VC networking.
7. Create content highlighting the growing enthusiasm for Polkadot in Indonesia and Southeast Asia, including Australia.

The campaign includes four key events:

1. Polkadot Championship Hackathon (100 developers from Asia)
2. Bali Blockchain Summit (500 curated attendees)
3. Coinfest Asia 2024 (6000-7000 attendees)
4. VIP Investor Dinner (50 curated investors and VIPs)

The requested budget for the campaign is $295,000 USDT in DOT equivalent, based on the 7-day average rate when submitting the proposal.

medium_spender

WHO: Mandala Chain
WHAT: Maximize awareness of Polkadot brand and mission in Indonesia and Asia, increase user onboarding and engagement, position Polkadot as technology partner of choice in Indonesian government's national digital transformation roadmap, attract investors, create content for owned channels
PRICE/TIMEFRAME/RESOURCES: $295,000 USDT in DOT equivalent, single payment for parallel efforts in different areas, events to be held in August 2024, targeting diverse audience and partners from parachains, developers, investors, businesses, government, academia, and crypto enthusiasts.

Polkadot @ Coinfest Asia 2024

- A group asked for $390,000 for an event called Polkadot @ Coindesk Consensus.
- They used a 7-Day TWAP of $10.02 and got 38,921.48 DOT on March 20th.
- Due to price changes, they are $100,000 short.
- They sold the DOT they received for $288,904.78.
- The total cost of the event is $390,000.
- They are asking for an extra $101,095.22 using a 7-Day TWAP of $7.08 and 14,278.99 DOT.
- A link to the proposal and receipts for the sold DOT are provided.

WHO: Distractive Crew
WHAT: Requesting $101,095.22 to cover costs for Polkadot's Consensus event
PRICE/TIMEFRAME/RESOURCES: 7 Day TWAP of $7.08, 14,278.99 DOT requested

Top Up for Polkadot at Consensus 

- **Problem**: The Polkadot treasury funds projects using DOT cryptocurrency, but DOT's price changes a lot. This makes it hard for projects to know how much money they will get in USD.
- **Solution**: Create an Insurance Fund to help projects get the right amount of money, even if DOT's price goes up or down.
  - If DOT's price goes down, the fund gives more DOT to projects to make up for the loss.
  - If DOT's price goes up, the fund takes back extra DOT to keep things fair.
- **Team**: The fund will have a director, curators, a treasurer, and signers to manage the money and make sure everything is done correctly.
- **Money Needed**: The fund needs 1 million DOT to start and will help projects affected by price changes since April 1st.
- **Reports**: The fund will share updates every two months to show how it’s doing and keep everything transparent.
- **Goal**: Make sure projects get the money they need, even when the market is unstable.

big_spender

Polkadot proposes a Treasury Insurance Fund to stabilize the USD value received by projects funded by the Polkadot treasury, compensating for DOT price fluctuations. The fund will provide additional DOT to projects if the cryptocurrency's value decreases and retrieve excess DOT if its value increases. The fund will be managed by a Director, three Curators, a Treasurer/Accountant, and two Signers, with compensation ranging from $500 to $2,000 per month. The initial funding request is for 1 million DOT, with bi-monthly reports detailing the fund's activities and financial movements. The fund will ensure projects receive the full intended value of their funding, despite market conditions.

Establishing an Insurance Bounty to increase fiscal efficiency of Polkadot treasury

small_tipper

SmallTipper

- LAOS Network won Auction #68 with a self-funded bid, so the petition is no longer needed.
- LAOS started a Crowdloan for parachain Auction #68 on April 20, 2024.
- The Crowdloan had almost 100 participants and received 92,477 DOT from 321 contributors.
- A problem occurred: Auction #68 didn’t recognize the Crowdloan contributions.
- The issue can be fixed by changing the **first_period** from **16** to **17**.
- If not fixed, contributions won’t count for Auctions #68 to #73, and funds will be returned.
- LAOS tested the fix on their Rococo testing network, and it worked.
- They apologized for the oversight and hope the fix is considered safe and neutral.

TimedOut

whitelisted_caller

LAOS Network started a Crowdloan for parachain #3370 to compete in Auction #68, but contributions were not recognized. Proposal to fix by incrementing first_period from 16 to 17. Crowdloan already has 92,477 DOT from 321 participants. If fixed within a month, contributions will make it in time for the last 3 auctions.

Proposal Outdated - Do Not Vote: LAOS already won Auction 68 with SF Bid

- **Recipient**: Fardeen Haque
- **Work**: Contributed to the Awesome Dot GitHub repository and website.
- **Tip Amount**: 35.5 DOT (approximately $250 at EMA7 price of $7.046).
- **Purpose**: Symbolic thank you for quick responses to fixes and format improvements.
- **Future Vision**: Encourages the growth of the project into a more sophisticated knowledge base.
- **Non-Voting**: The tipper, kukabi, is not voting due to DV delegation.
- **Contact**: Fardeen Haque's Element username is `@fardeen_haque:matrix.org`.
- **Note**: The tip is not intended to compensate for Fardeen's work but to symbolically thank and encourage continued effort.

WHO: kukabi | Helikon
WHAT: Tip request for Fardeen Haque for his work on the Awesome Dot GitHub repository and website.
PRICE/TIMEFRAME/RESOURCES: 35.5 DOT, roughly $250 at EMA7 ($7.046), a symbolic thank you for his efforts.

Tip Request for Fardeen Haque for Awesome Dot

### Summary

- **Interlay** is a key Bitcoin bridge and DeFi hub in the Polkadot ecosystem.
- **iBTC** is in high demand but there is no spare capacity to mint more.
- Interlay plans to add new lending markets and vault collaterals to increase iBTC capacity.
- The Polkadot Treasury is being asked to support incentivizing 45 iBTC with a grant of 202,030 DOT.
- This would help meet the growing demand for iBTC from DEXs and money markets.
- The proposal aims to boost vault rewards to attract more collateral and increase iBTC capacity.
- If approved, the DOT grant would be staked and converted to INTR to incentivize vault operators.

Interlay seeks Polkadot Treasury support to incentivize 45 iBTC with a grant of 202,030 DOT. The grant will be used to increase the collateral capacity to mint more iBTC as part of the broader Polkadot DeFi liquidity campaign. The cost to incentivize vault capacity for 45 more iBTC is $1.56M. The granted DOT would be immediately staked as vDOT so that it appreciates with staking rewards throughout the year, further increasing the total value paid out to vault operators.

Incentivize Interlay iBTC capacity as Polkadot common good

VOTE NO - DUPLICATE

**Summary:**

- Users can nominate projects with their DOT tokens.
- Nominated projects receive funding from a constant stream of DOT taken from inflation.
- Funding is distributed based on the proportion of DOT used to nominate each project.
- Full details are available in a Google Docs document or an IPFS-saved PDF.
- There is a Telegram discussion group for this proposal: @parachainstaking.

wish_for_change

**WHO:** Parachainstaking

**WHAT:** Allow users to nominate whitelisted projects with DOT, funded by a constant stream of DOT taken from inflation and distributed to projects based on the proportion of DOT that has nominated them.

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

Implement Optimistic Project Funding

- Glazescape organized PolkadotPrague 2023, a successful event for the Polkadot community.  
- They spent money on marketing, like ads and PR, to make the event popular.  
- The Events Bounty didn’t cover these costs, so they need help from the Polkadot Treasury.  
- They are asking for $5,162 to pay for the marketing they already did.  
- This funding will help future events and show support for the Polkadot community.  
- The full proposal and event report are available for more details.

Glazescape seeks retroactive funding from the Polkadot Treasury to cover marketing costs for PolkadotPrague 2023, for $5,162, to ensure the sustainability of future events. The Events Bounty did not cover these costs, placing a financial burden on the organizing team. The proposal aims to secure the necessary funds to strengthen the relationship between the Treasury and the community.

Retroactive Funding Request for PolkadotPrague 2023 Marketing Costs

- The first book about NFTs on the Polkadot blockchain was created.
- It explains what NFTs are, their history, and how they work on Polkadot.
- The book teaches how to create, buy, and sell NFTs.
- It includes information about NFT marketplaces and use cases.
- The book has links to web3 projects, images, and QR codes for videos.
- The author wants to give these books as gifts to schools and universities in Chile and Latin America.
- The project budget is 1000 DOT.
- Printed copies of the book are already being shared to spark curiosity.

WHO: The proposer.

WHAT: Publish the first book on NFT in Polkadot, explaining what NFTs are, their history, characteristics, standards, creation, buying, selling, marketplaces, use cases, and web3 projects.

PRICE/TIMEFRAME/RESOURCES: The budget corresponds to 1000 DOT. The proposer wants to give the books as gifts in Chile and Latin America, in schools and universities. The complete proposal has the details.

NFT in Polkadot, the first book on NFTs in the Polkadot ecosystem.

- Gossamer is a project built using Go to help the Polkadot network.
- It works as a full node and a validator node to make the network stronger.
- Created by ChainSafe Systems, a company that works on blockchain technology.
- The team is asking for support to continue developing Gossamer for the next 12 months.
- Goals include making the full node more reliable and adding validator node features.
- They plan to test and run nodes on the Polkadot testnet.
- The team is requesting 368,016 DOT to fund this work.
- You can contact them at gossamer@chainsafe.io for more information.

WHO: ChainSafe Systems

WHAT: Continue supporting Gossamer development for the next 12 months, achieving full node and validator node capabilities, and discovering its potential and value within the Go development ecosystem.

PRICE: 368,016 DOT

TIMEFRAME: Q2/Q3/Q4 2024 and Q1/Q2 2025

Ongoing Development of Gossamer (16 months)

### Polkadot Fellowship `spend()` Extrinsic

- **New Feature**: Introduced in Polkadot Runtime 1.1.
- **Purpose**: Allows multi-asset Treasury spends (e.g., DOT, USDT, USDC) from AssetHub.
- **Benefits**:
  - Instant payments instead of waiting 24 days.
  - Pay proposers in USD to avoid exchange rate risk.
  - Set up monthly payment plans and cancel scheduled payments.
- **Test Proposal**: Aimed to tip Alice and Bob 69 USDT on AssetHub.
- **Challenges**: Initial instructions had errors, leading to a failed proposal.
- **Amount**: 69 USDT (69,000,000 with 6 decimals).
- **Beneficiary**: Polkalytics, the company account of Alice and Bob.
- **Status**: First-time testing in production; potential for further errors.

The Polkadot Fellowship proposes to test the new `spend()` extrinsic that supports multi-asset Treasury spends from an XCM multi-location to be paid out at a specific block. The proposal aims to raise awareness and test the extrinsic by tipping Alice and Bob 69 USDT on AssetHub. The suggested amount is 69 USDT, and the beneficiary is Polkalytics.

Test the brand-new spend() extrinsic

Wrong preimage - Please vote NAY

Inflation is too high, which stops new people from joining. A solution is to have a fixed supply and use a certain percentage of what's left as inflation. The total maximum supply could be 2.1 billion, which is related to Bitcoin. If we have 1.4 billion tokens now, that means we have 700 million left to use as rewards. A good number for inflation could be 10% of what's left. So, in the first year, the staking rewards distributed will be 70 million (10% of what's left). In the next year, only 63 million will be distributed because only 630 million will be left. This way, we never run out of tokens, and the amount distributed always gets less. This might make Polkadot more appealing to people.

WHO: Proposal author

WHAT: Proposing a fixed supply and using a certain percentage of leftover tokens as inflation for staking rewards in Polkadot

PRICE/TIMEFRAME/RESOURCES: Not specified

Reducing inflation - VOTE NAY

- **Current Spending Periods**: Currently set at 24 days, these periods cause delays in funding.
- **Referendum Process**: It takes up to 28 days for a referendum to pass.
- **Confirmation Time**: An additional 7 days are needed for confirmation.
- **Cumulative Delay**: If confirmation ends on the first day of a new spending period, another 24 days are required, totaling up to 2 months.
- **Arbitrary Duration**: The 24-day period is considered arbitrary and problematic.
- **Proposal for Change**: Suggest reducing the spending period to the shortest possible time, ideally one day or one week if technically feasible.
- **Purpose of Change**: The shorter the period, the less uncertainty and quicker the funding process.

Proposal: **Reduce spending period to shortest possible time, ideally 1 day, or max 1 week, to avoid 2-month wait for funds.** Current 24-day period causes unnecessary uncertainty. Timeframe/resources not specified.

Reducing duration of spending periods

- The Polkadot EVM Collective is a group that works on everything related to EVM (Ethereum Virtual Machine) on Polkadot.
- It has four main goals: standardizing EVM changes, making development transparent, creating a roadmap, and providing expert advice.
- Members are ranked as Junior or Senior, and their roles define their responsibilities, like maintaining projects or editing documents.
- The collective uses a flat ranking system, meaning ranks only affect voting power, not other benefits.
- Members must stay active by participating in regular checks, or they lose voting rights and roles.
- The collective plans to have its own salary and treasury system, but funding will be decided by Polkadot referendums.
- Small collectives are preferred over one big group because they are faster, clearer, and easier to manage.

WHO: Polkadot EVM Collective
WHAT: On-chain technical collective for EVM standardization, development and maintenance, creating an inclusive roadmap, and providing expert opinions
PRICE/TIMEFRAME/RESOURCES: Salary and sub-treasury system for future use with values set to 0, any increase or funding only done through Polkadot referendums. Inactivity check utilized to ensure active members, with ranks and roles defining voting power and responsibilities. Seeding members subject to final vote of a root referendum. Small collectives deemed more effective for carrying out tasks. Flat ranking system with two ranks and separate concept of roles to define responsibilities.

Approve the Polkadot EVM Collective

- Encode Club is sharing a plan for 2024 to help the Polkadot ecosystem grow.
- They have 3 years of experience and want to attract new developers and support current ones.
- Their past successes include hackathons, workshops, and helping projects get funding.
- The 2024 plan includes educational programs, hackathons, and events to support talent.
- They are asking for $385,000 in funding, split into three parts over six months.
- More details about their past work and future plans are in their proposal and presentation.
- They are excited to continue working with the Polkadot community to make a big impact.

WHO: Encode Club
WHAT: Introducing a comprehensive year-long programme designed to attract new developers, support the current ones, guide mature projects towards creating significant startups and foster new talent in the ecosystem.
PRICE/TIMEFRAME/RESOURCES: Requesting funding of $385k split across 3 tranches of $128,333 in DOT (17,898.60 DOT based on Subscan MA of 7.17) immediately (July 2024), after 3 months (October 2024) and after 6 months (January 2025).

Elevating the Polkadot Ecosystem: Encode x Polkadot Programme 2024 

root

staking_admin

treasurer

lease_admin

fellowship_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