https://polkadot.subsquare.io/referenda/1254
Summary of Proposal: Bounty Compliance Standards 1.0
This proposal establishes a set of standards to ensure proper governance, transparency, and accountability for all Polkadot OpenGov-funded bounties. Key provisions include defining clear objectives for each bounty, ensuring funds are used strictly within their scope, and requiring a detailed budget breakdown and timeframe with funding requests, which may be submitted no more than once per quarter. All curators and recipients must verify their on-chain identities, disclose conflicts of interest, and avoid double compensation. Transparency is emphasized through mandatory public communication channels, monthly progress summaries, quarterly financial statements, and an overview page containing all relevant documentation and updates.

Impact on the Polkadot Ecosystem
By formalizing these compliance standards, the proposal seeks to enhance trust and operational efficiency within Polkadot's governance ecosystem. These measures ensure that bounties are held accountable for their spending and performance while fostering community engagement through regular updates and accessible transparency reports. The proposed structure is designed to support both casual participants and auditors, enabling clear summaries for quick understanding and detailed records for verification. This initiative aims to create a more structured, transparent, and effective system for managing Polkadot’s treasury resources.