Dear community,

With an upcoming runtime upgrade we should see the decommissioning of Governance 1.0 on the Polkadot network. Associated with this are several unlocks of deposits including those associated with Treasury Spend Proposals. There are already several teams who have requested immediate return of their deposits via tips or spend proposals on OpenGov or tips on Gov 1.0.

This referendum seeks to reduce the number of refund requests and prevent double spends by:

• Slashing treasury deposits already returned to proposers
• Slashing treasury deposits for proposers who have pending OpenGov proposals requesting or incorporating same
• Slashing Gov 1.0 tips and treasury deposits for applicable proposers. The proposers would have their treasury funding and tip deposit returns to their respective accounts
• Treasury deposits would be slashed and refunded to all those not matching the criteria to any of the above

The list of recipients was determined with collaboration with Otar who been keeping track of such refunds.

Regards,