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.