Proponent: 16m9GvS9aYsepHTmZTMbJmc8Z5ZNGJ4D3ySqLE349Li7rKvY (YieldBay Treasury, Polkadot)
Requested Payment Amount: 15,375.745 DOT ($80,000 @ $5.203)
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<img src="https://i.ibb.co/gmSH3t7/image-7-720.png" alt="" />
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In March 2023, YieldBay proposed to create Polkadot's first central yield farming dashboard across 3 milestones, approved through Council Motion #355 under Gov1. This proposal seeks retroactive funding of the previously agreed-upon terms for milestones 2 &amp; 3.
<a href="https://docs.google.com/document/d/106gnRv8uxJyyU4xbwHNPFc6c97UR1qqYk5FE5tf6XQU/edit#heading=h.27my4qwymkc1">Detailed delivery report for milestones 2 &amp; 3</a>
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⭐ About YieldBay
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<img src="https://i.ibb.co/7nYLx7L/image-8-720.png" alt="" width="640" height="360" />
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YieldBay currently monitors 183 yield farms across 17 protocols tracking $33M, including collaborations with Interlay, Stellaswap, Arthswap, Mangata, and Zenlink among others.
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YieldBay also enables you to track and invest in your yield farming portfolio across 4 different parachains.
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YieldBay aims to unify the fragmented DeFi experience that exists currently throughout the ecosystem. Imagine being able to do DeFi on 10 different parachains and being able to track your portfolio &ndash; all through YieldBay.
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This is in line with Gavin&rsquo;s take on how crucial &ldquo;application-centricity&rdquo; &ndash; UIs must span across chains and provide comprehensive experiences.
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💪 Why support us?
YieldBay is strongly pledged to the Polkadot Ecosystem and it breaks our heart to see the lack of adoption. In the last quarter, Polkadot&rsquo;s active daily users took a dip by 16%.
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We as an ecosystem need to come together and do something about it.
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YieldBay is committed and we have a plan forward that will go hand in hand with the YieldBay List. Take a look at <a href="https://pitch.com/public/584e727e-7fb3-4e16-8ad3-0938f54cf456/2e8000e0-222b-44db-bcef-fcfc231da36a">our pitch deck</a>.
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Read more about our initial Treasury Proposal <a href="https://docs.google.com/document/d/1GQQOEZ3ZW3wQ9GH0fv7na8evmBcBc_Tamf2ulor2bqI/edit#heading=h.v6is2ta0txr1">here</a>.

YieldBay recently submitted Referenda 97 to the treasury, requesting payment for the development of polkadot's yield farming dashboard.
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For details please <a href="https://docs.google.com/document/d/106gnRv8uxJyyU4xbwHNPFc6c97UR1qqYk5FE5tf6XQU/edit">see our delivery report</a>.
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This work was approved by the council as motion #355 under gov1, but the proposal is currently failing with only 29% in favor.
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The changes introduced with OpenGov left a few proposals like our own in the shadow realm.
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The reason I'm writing this post is because some of these proposal including our own were passed under Gov1 by the council.
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And there was a social contract to pay for the final milestones AFTER delivery.
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Now we've delivered the promised work, but proposals like ours are currently being denied the payment for the same under OpenGov.
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Since info for reimbursement wasn't stored on-chain, there aren't any special provisions for proposals like ours under the new OpenGov system&hellip; this means if the proposal doesn't pass, we need to pay the development cost out of our pockets.
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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.
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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.
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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.
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And an event like this can be discouraging, even severely damaging for builders.
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Link to our proposal: <a href="../referenda/97">https://polkadot.polkassembly.io/referenda/97</a>
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A proposed solution:
<img src="https://i.ibb.co/bJFp7Bb/Screenshot-2023-08-22-at-10-59-18-AM.png" alt="" width="640" height="446" />
<a href="https://forum.polkadot.network/t/gov1-social-contracts-opengov-transition-should-there-be-a-system/3751/2?u=batman">Source</a>

Gov1 Social Contracts -> OpenGov Transition - Should there be a system?

Treasury

Propose and approve a spend of treasury funds.

- `origin`: Must be `SpendOrigin` with the `Success` value being at least `amount`.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

- YieldBay is requesting funding for their yield farming dashboard project on Polkadot.
- They have already completed milestones 2 and 3 and are seeking retroactive funding.
- YieldBay currently monitors 183 yield farms across 17 protocols.
- They aim to unify the DeFi experience on Polkadot and increase adoption.
- YieldBay is committed to the Polkadot ecosystem and has a plan for future growth.

#97 Milestone 2 and 3 Payment Request – YieldBay: Polkadot’s yield farming dashboard

No Active Proposals