YieldBay recently submitted Referenda 97 to the treasury, requesting payment for the development of polkadot's yield farming dashboard.

For details please see our delivery report.

This work was approved by the council as motion #355 under gov1, but the proposal is currently failing with only 29% in favor.

The changes introduced with OpenGov left a few proposals like our own in the shadow realm.

The reason I'm writing this post is because some of these proposal including our own were passed under Gov1 by the council.

And there was a social contract to pay for the final milestones AFTER delivery.

Now we've delivered the promised work, but proposals like ours are currently being denied the payment for the same under OpenGov.

Since info for reimbursement wasn't stored on-chain, there aren't any special provisions for proposals like ours under the new OpenGov system… this means if the proposal doesn't pass, we need to pay the development cost out of our pockets.

I believe we should respect everyone's right to vote as they please and feel that they do not owe any explanation for their voting decision.

However, if builders acting in good faith are left at loss due to the recent change without a notice period, I believe it sets a bad precedent.

I personally believe it's IMPERATIVE to attract and retain teams that act in good faith and try to contribute to a flourishing DOT economy.

And an event like this can be discouraging, even severely damaging for builders.

Link to our proposal: https://polkadot.polkassembly.io/referenda/97

A proposed solution:

Source