https://polkadot.subsquare.io/referenda/1561

A referendum has been proposed to allocate 500 DOT from the treasury to establish a Community Building Fund for Bend-PVM, a smart contract language optimized for PolkaVM. The goal is to expand the contributor base and foster an active developer ecosystem. The funds will be used for contributor rewards, hackathons, coding challenges, bug bounties, educational resources, and workshops. The allocation is as follows: 60% for direct contributor rewards, 20% for community hackathons and challenges, 15% for educational content and workshops, and 5% for administration and fund management. The community-driven approach aims to distribute knowledge, accelerate innovation, grow the ecosystem, and ensure sustainable development. Expected outcomes include increasing active contributors, hosting educational workshops, completing hackathons, and establishing a transparent contribution tracking system. All fund distributions will be publicly recorded and verified through a multi-signature account, with monthly reports detailing expenditures and progress. This approach is expected to accelerate development, create a pipeline of skilled developers, strengthen Polkadot's position, and demonstrate the effectiveness of treasury funds in fostering innovation.