The treasury spent millions of dollars on DED.
But DED is DEAD.
Last Tweet 2 August. <a href="https://x.com/dotisded">https://x.com/dotisded</a>
Let the community recoup some of the value.
By funding the community project that gives us hope.
DED will be transferred to the WUD treasury, to fund WUD&rsquo;s continued greatness.
Vote AYE to promote real memes in Polkadot.
Vote NAY if you want to continue supporting DED.
<img src="https://i.imgur.com/Tb0LuYI.jpeg" alt="" width="400" height="249" />
WUD treasury: <a href="https://hydration.subscan.io/account/7He7Gpyd6PooZoS2R4RxZTbcQ1uYy7vjyjDx5wEhZ23yJRWg">https://hydration.subscan.io/account/7He7Gpyd6PooZoS2R4RxZTbcQ1uYy7vjyjDx5wEhZ23yJRWg</a>
&nbsp;

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

- **Problem Statement:** The treasury spent millions on a project that is no longer active, causing a loss of value.
- **Significance:** Community members can recoup value by funding a new project through transferring funds from the inactive project to the WUD treasury.
- **Proposed Solution:** Transfer funds from the inactive DED project to the WUD treasury to support ongoing projects.
- **Expected Outcomes:** Promote real memes in Polkadot by voting AYE or continue supporting DED by voting NAY.

#1281 use DED to fund WUD

No Active Proposals