DeFi

Polkadot

The post <a href="https://coinpedia.org/crypto-live-news/polkadot-treasury-spending-sparks-debate/" rel="noopener noreferrer nofollow">Polkadot Treasury Spending Sparks Debate</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Polkadot’s Treasury spent $87M (11M DOT) in H1 2024, with 13% via executive bodies. The Treasury holds $245M (38M DOT) in assets, including $188M (29M DOT) liquid and $8M in stablecoins, plus $16M (2.5M DOT) for more stablecoin purchases.
Allocations include $24.5M (3.8M DOT) for marketing, DeFi tooling, gaming, and business development, and $6.4M (1M DOT) for gaming airdrops. Polkadot also added 1.6M DOT (~$10M) to DeFi markets.
With the current spending rate, funds will last about two years. This has led to discussions on stricter budgeting and potential changes to inflation parameters.
<a href="https://forum.polkadot.network/t/2024-h1-polkadot-treasury-report/8862" rel="noopener noreferrer nofollow">2024-H1 Polkadot Treasury Report – Governance – Polkadot Forum</a>

Polkadot Treasury Spending Sparks Debate

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