As part of our university engagement programme (see [here](https://docs.google.com/presentation/d/1LLFxCpO7y1fyIfcdTpDQGkbuPoGy2mFvlusYb1tTe74/edit#slide=id.gc2bb29227c_0_1294l)), we would like to request our fourth and fifth phases of funding (£60,000) to pay hackathon prizes.

The amount we are therefore requesting is 3950.96 (based on the 30 day moving average of 19.919 according to Subscan) to pay grants to accelerator teams and cover the cost of running the accelerator.

Please find a report the report of tranches 4 and 5 [here](https://polkadot.polkassembly.io/post/934).


Approve a proposal. At a later time, the proposal will be allocated to the beneficiary
and the original deposit will be returned.

May only be called from `T::ApproveOrigin`.

# <weight>
- Complexity: O(1).
- DbReads: `Proposals`, `Approvals`
- DbWrite: `Approvals`
# </weight>

- The university wants to request funding for hackathon prizes.
- They are requesting £60,000 for this purpose.
- They need £3950.96 to pay grants to accelerator teams and cover the cost of running the accelerator.
- There is a report available for tranches 4 and 5.
- The report can be found at the provided link.

#181 Encode Club Polkadot Club - Tranche 4 and 5 funding