Implement Optimistic Project Funding
a year ago
Executed
Short description: Allow for users to nominate whitelisted projects with their DOT - this mechanism will be funded with a constant stream of DOT taken directly from inflation and distributed to projects based on the proportion of DOT that has nominated them.
Full proposal details can be found here on Google docs or the IPFS saved PDF here.
Telegram discussion group: @parachainstaking
Comments (8)
Proposal Passed
Summary
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Aye (78)0.0 DOT
Support0.0 DOT
Nay (9)0.0 DOT
Beautiful simple idea with precedent and high potential for ecosystem-wide impact, driven by community.
I am not sure to understand the intention correctly. You mention that this could be a replacement for crowd-loans to gather project funding - yes. But how does it relate to treasury grants?
Getting a nomination-based % of inflation is not a very strong promise for grantees. I think in this case, it would still be better to have Treasury instalments, that pays out grants in chunks on a monthly basis. This still gives the Treasury the possibility to intervene on non-delivering projects.
Also what is the priority on this? Expected timeline? How important do the voters think this feature is on a scale 1/10?
@OLIVER ⚡/ggwpez This is not a replacement for conventional Treasury funding or grants, those will continue to be available where they are the most appropriate method of funding - this is an additional stream that aims to incentivise people to build on Polkadot. But more importantly it incentivises people to build useful products that provide value to DOT token holders - as the products that provide most value will most likely get a larger portion of the optimistic funding.