**Proponent:** Tribe/AngelHack 13Ghf2T883ZobjngC1BAgR1BWvK2P7qP37gGxHDVFf3fjbmw

**Hackathon Date:** May 30, 2022 - July 11, 2022

**Requested Allocation:** $165,897.49 USD, remaining of $297,000 USD 

*DOT amount calculated via EMA7 on 6 Dec 2022 at GMT+0 0244hrs - 1 DOT ~ 5.508 USD. $165,897.49 USD ~ 30,119.37 DOT

**Short description:**

Referring to the approved proposal [https://polkadot.polkassembly.io/treasury/117](https://polkadot.polkassembly.io/treasury/117), AngelHack has requested for an allocation of $297,000 USD to fund the total prize pool of the Polkadot Hackathon: North America Edition. 

The DOT amount calculated via EMA30 on 17 May 2022 at GMT+0 0721hrs was 1 DOT ~ 14.34, where the requested $297,000 USD had a disbursement of 20,711.2971 DOT.

With the allocated DOT disbursed at the end of the spend period, we have swapped the DOT for USD in order to proceed with prize disbursement. The price was at 1 DOT ~ 6.33 where 20,711.2971 DOT ~ $131,102.51 USD.

Prizes have already been disbursed to all the winning teams with AngelHack covering the current difference. The purpose of the proposal is to seek a bridge of the remaining amount that AngelHack had administered to the winning teams of the Polkadot Hackathon: North America Edition.

**Full proposal link** [here](https://docs.google.com/document/d/1MDQrMU9OHSMPXW28uxJTZ482YMt03hL4-knXh9xVXyo/edit?usp=sharing).


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>

- AngelHack requested $297,000 USD for the Polkadot Hackathon prize pool.
- The requested amount was converted to DOT, which was then swapped for USD.
- Prizes have already been given out, but there is still some money left to cover.
- AngelHack is asking for the remaining amount to be covered.
- You can find the full proposal link for more details.

#304 Polkadot Hackathon: North America prize pool bridging the gap for total amount