<-
#22 Encointer lease 2 Treasury Proposal
Cassandra Staking
My votes
3
Your votes aren’t submtited just yet. Don’t forget to check out
#22 Encointer lease 2 Treasury Proposal
confirmed
Big Spender
By
Ordum
in
Treasury
3 days ago
Description
Call Data
After its first year as a common good parachain, Encointer has been granted another 48 weeks on Kusama. The Encointer Association seeks for financing of its planned activities for the new common-good parachain lease period, split into two proposals. The current proposal shall cover the funding for Q1 and Q2 2023 (until the end of June 2023).
The amount of the proposed treasury spend is CHF 610’000 = 22’089 KSM.
Our Detailed Proposal encompasses all of:
What is Encointer?
What have we achieved so far?
What are we planning to do in 2023?
How we funded our past activities
What we spent our funds for in the past
What we plan to spend in 2023 (Budget)
Proposal terms
The amount of the proposed treasury spend is CHF 610’000 = 22’089 KSM.
Our Detailed Proposal encompasses all of:
What is Encointer?
What have we achieved so far?
What are we planning to do in 2023?
How we funded our past activities
What we spent our funds for in the past
What we plan to spend in 2023 (Budget)
Proposal terms
1
1
Track
Share
Comments 3
Encointer
Eakr...jBv9
commented
2 days ago
I just want to add some helpful context here for the community after remembering that Encointer recently received funds, especially since some of you might be asking "why does Encointer need more money if they just received some?"
First, Encointer's Q4 funds suffered significant losses after financial realization in their last couple of grants (~$130k). Based on their speedy update of the situation, it's my opinion that the team acted prudently and promptly with their funds. So this Gov2 spend will help recoup these losses.
Second, this Gov2 spend is to fund the first two quarters of their lease up front. This will give the team a lot more autonomy to build/ improve their protocol and dApps. I've worked with the team directly and they are very responsive and have a very good understanding of the technology and its needed direction. I think these funds will be used very well.
Lastly, it is quite expensive to maintain a parachain let alone improve upon one. The community has shown its support for continuing the Encointer parachain by permitting it another common-good lease, but that's only half the battle. We must proactively fund this project if we expect to see it deliver.
That said, I'm completely in favor of this!
Cheers,
Adam
First, Encointer's Q4 funds suffered significant losses after financial realization in their last couple of grants (~$130k). Based on their speedy update of the situation, it's my opinion that the team acted prudently and promptly with their funds. So this Gov2 spend will help recoup these losses.
Second, this Gov2 spend is to fund the first two quarters of their lease up front. This will give the team a lot more autonomy to build/ improve their protocol and dApps. I've worked with the team directly and they are very responsive and have a very good understanding of the technology and its needed direction. I think these funds will be used very well.
Lastly, it is quite expensive to maintain a parachain let alone improve upon one. The community has shown its support for continuing the Encointer parachain by permitting it another common-good lease, but that's only half the battle. We must proactively fund this project if we expect to see it deliver.
That said, I'm completely in favor of this!
Cheers,
Adam
Voting Status
Passing
Aye: 65.74%
274,391.99 DOT
Nay: 35.26%
182,078.16 DOT
Support
666,749.43 DOT
Mechanism
Simple majority
Vote
+ Add conviction
Nay
Aye
Timeline
ongoing
Block: #15467735
20d ago
deciding
Block: #15467735
16d ago
confirmed
Block: #15467735
Yesterday
Executed
Voters
Voter
Amount
Conv.
Vote
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x
Encointer
Eakr...jBv9
10.000 KSM
4x