As we all know, the PureStake team volunteered to cover organisation and execution of Decoded 2022: NY Chapter. Due to the recent volatility in the markets, the PureStake team budgeted the total costs of [their original treasury proposal](https://polkadot.polkassembly.io/treasury/127) to be USD 500,000.00, **but has received the equivalent of $362,708 USD** (transferable value). Here's a breakdown of the additional DOT needed to cover the total cost of the event as pureStake plans to organise it for the community:

![](https://i.ibb.co/p1ysyS8/Screenshot-2022-06-20-at-11-28-44.png)

I have opened this tip to reimburse PureStake for the extra costs invested into the event for the community. You can find the original treasury proposal [HERE](https://polkadot.polkassembly.io/treasury/127). Please note that to calculate my endorsement, I have used today's DOT rate: USD 7.50. They receive the allocation at a price of USD 7.18. They used a 7day avg rate to submit their proposal: USD 9.90.


0x544f3a206b6f75736869726f20464f523a20636f6e747269627574696f6e73206f66207375627374726174652337383832

- **Problem Statement:** PureStake team needs additional DOT to cover the total costs of organizing Decoded 2022: NY Chapter due to market volatility.
- **Significance:** PureStake budgeted $500,000 but received only $362,708, requiring community support for reimbursement.
- **Proposed Solution:** Open a tip to reimburse PureStake for the extra costs invested in the event.
- **Expected Outcomes:** Ensure PureStake can cover the total event costs and continue organizing community events effectively.

To cover difference in DOT rate from approval to rtransfer of funds for Decoded 2022: NY Chapter

No Active Proposals