While we recognize Decoded as a successful initiative, our DAO members have raised a critical concern regarding the current funding request. Specifically, this concern relates to budget management and transparency regarding any residual funds from previous Treasury grants. According to Subscan, the original proposal was awarded approx. $1.72M USD (as per the associated Event ID), whereas the program initially inquired about €1.15M EUR (approx. $1.2M USD at the time, and a reminder: we'd like to note that this $1.15M has a contingency budget of $100K baked within). This indicates a potential residual amount of approx. $520K USD if not more from previous referenda which was not elaborated. As such, we would like further clarifications on the whereabouts and allocation of the remaining funds from prior Treasury grants.
https://polkadot.subscan.io/treasury/695?tab=timeline
https://polkadot.subscan.io/tools/price_converter?value=184200&type=block&from=DOT&to=USD&time=20044800

thank you for your constructive comment, you are raising a valid and critical point here regarding our referendum.

when we originally requested budget confirmation in February 2024 there was no option to request in stablecoins —  so the full volatily risk was on the beneficiary wallet.

on the day treasury prop #695 has been paid out, the average DOT/USD rate was at 8.99 while most of the fiat invoices had to be paid in July and August 2024 when DOT ranged between USD 4.15 and 6.35. So our average liquidation price for the entire grant was roughly at USD 6.05 (in the upper side of the range), mainly in OTC transactions which are recorded in the auditor's file.