As we all know, the **PureStake** team volunteered to cover the organisation and execution of Decoded 2022: NY Chapter. Due to the recent market volatility, the PureStake team budgeted the total costs of their original treasury proposal 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:

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

For these purposes, initially, a tip to reimburse **PureStake** for the extra costs invested was initiated. However, as the tip process is streamlined for relatively small amounts, it was agreed by the community that the regular treasury proposal process would be more suitable for reimbursing team for organising the event for the community. 

Please note that for calculation, today's DOT rate has been used: **USD 6.969**. While team received the allocation at a price of USD 7.18 and used a 7day avg rate to submit their proposal: USD 9.90.

The original treasury proposal, along with the detailed budget, success metrics and the idea behind the proposal, can be found [here](https://polkadot.polkassembly.io/treasury/127). 


- The PureStake team organized an event called Decoded 2022: NY Chapter.
- They budgeted $500,000 for the event but only received $362,708.
- They need additional DOT to cover the remaining costs.
- They are using the regular treasury proposal process to get reimbursed.
- The original treasury proposal can be found at the provided link.

#141 Treasury proposal to cover difference in DOT rate from approval to transfer of funds for Decoded 2022: NY Chapter

No Active Proposals