[BS] DOT #1591 - Polkadot Community Foundation (PCF) - Proposal for Renewed Funding for One Year

OpenSquare

Discussions

13zn...P5ju

End

active

Description

https://polkadot.subsquare.io/referenda/1591

The Polkadot Community Foundation (PCF) is a bridge between the Polkadot network's on-chain governance and real-world actions. It helps DOT holders influence off-chain activities. In its first year, the PCF worked on projects to grow the Polkadot ecosystem and market outreach. Now, it asks for more funding to continue its work.

The PCF has goals for its second year, like appointing two DOT directors and creating a transparent information hub. It wants to expand leadership and community engagement. The PCF also needs money for legal and insurance costs.

If the proposal is not approved, the PCF will have to wind down its operations, which could cause disruptions to ongoing projects and the need to find new ways to manage off-chain activities.

In conclusion, the PCF wants to continue helping the Polkadot ecosystem grow by connecting on-chain governance with real-world actions. Approving more funding will allow the PCF to keep doing this important work.

Appendants

11d ago

🟢 1 • 🔴 4 • ⚪️ 3
6-member quorum not met.
Vote #1: NAY
10 available members.
No CoI reported. DV delegation exercised.
https://polkadot.subscan.io/extrinsic/26470177-10
https://polkadot.subsquare.io/referenda/1591#7

Cast your votesingle

Votes·9

No current votes

Discussions·2

11fx...7dkM

Unfortunately this is one of the instances where we are forced to interfere on others DAOs and DVs operations due to misinformation.

The original proposal states the following on the Managing the Centrifuge Proposal:

**Pain Points:

Proposal Timing: The proposal was submitted before the PCF was fully operational with established processes and guidelines.
Onboarding Delays: Delays occurred due to extended KYB, compliance, and signer coordination processes.
Technical and alignment Limitations: Multisig set up, signer alignment and necessary technical know how slowed the process.
Ecosystem Concerns: Centrifuge’s proposal to migrate chains raised concerns about investing Polkadot funds into another ecosystem.**

Assuming ref 1441 was the reason for delays is wrong. It was 100% the PCF's fault. The issue was the PCF being unable and seemingly unwilling to move the funds and they were extremely reactive. That's why the Polkadot Anemoy funds are now deployed despite EVM drama after tedious dealing with the PCF from multiple parties ourselves included. The tl.dr. is that the PCF needs a better structure and potentially better knowledge of the actual tech like multisigs and so on.
Our public comment is here: https://polkadot.subsquare.io/referenda/1591 our suggestion would be to seriously consider other providers and other structures which DO exist.

15fT...yBzL