OG Tracker August 2024 Report

Overview

No summer break for Polkadot's OpenGov, as everything remained quite active throughout August! Although we witnessed one of the months with the lowest expenses in DOT, it was among the highest in expenses in stablecoins (USDT/USDC).

Specifically, this month saw 45 proposals approved, with expenses totaling 849,575 DOT and 1,381,873 in stablecoins (USDT/USDC).

Detailed Breakdown of August’s Approved Proposals

  • 5 Big Spender - 676,294 DOT + 478,202 USDC
  • 13 Medium Spender - 162,597 DOT + 902,271 USDT
  • 1 Small Spender - 9,928 DOT
  • 2 Big Tipper 500 DOT + 1,000 USDT
  • 9 Small Tipper 256 DOT + 400 USDT/USDC
  • 9 Fellowship Admin
  • 4 WL Caller
  • 1 Staking Admin
  • 1 Root

Another month where the Fellowship Admin track has been very active!

Delivered Proposals in August✅

In August, we reached a record for the most successfully delivered proposals, with a total of 15 completed. Additionally, 2 🚩 flags were removed following their successful completion!

  • REF #35 by @Polkadotters1 - Retroactive and future funding of community powered media for Polkadot & Kusama ecosystem in 2022-2024
    • Track: Medium Spender
    • Requested DOT: 14,746
    • Duration: 12 months (28.07.2023 - 28.07.2024)
    • Deliverables
    • Report
  • REF #751 by @1xLUI5 - Polkadot @ Blockchain Rio 2024
    • Track: Small Spender
    • Requested DOT: 7,873
    • Duration: ~2 months (05.06.2024 - 31.07.2024)
    • Deliverables
    • Report
  • REF #855 by @RichardXcavate - Polkadot London Event - Dawn of RWAs
    • Track: Small Spender
    • Requested DOT: 1,519
    • Duration: 1 month (29.06.2024 - 31.07.2024)
    • Deliverables
    • Report
  • REF #893 by Betty- Asia Blockchain Summit 2024 Sponsorship
    • Track: Medium Spender
    • Requested DOT: 16,741
    • Duration: 2 weeks (23.07.2024 - 10.08.2024)
    • Deliverables
    • Report
  • REF #643 by Abilex AG - Mythical Games and Polkadot, a proposal from Mythos Foundation Swiss
    • Track: Big Spender
    • Requested DOT: 1,000,000
    • Duration: 2 months (12.05.2024 - 18.07.2024)
    • Deliverables
    • Report
  • REF #733 by @EzioRed - Decoded 2024 Sponsorship for active community members
    • Track: Medium Spender
    • Requested DOT: 12,563
    • Duration:~2 months (05.06.2024 - 31.07.2024)
    • Deliverables
    • Report
  • REF #657 by @PolkaBiz - Where founders forge investment-ready innovations
    • Track: Small Spender
    • Requested DOT: 8,420
    • Duration: 5 months (12.05.2024 - 12.10.2024)
    • Deliverables
    • Report
  • REF #763 by @TheKusamarian - The JAM Spring Time Tour & Top Up - The Kus x Key Pictures
    • Track: Medium Spender
    • Requested DOT: 35,400
    • Duration: ~1 month (05.06.2024 - 30.06.2024)
    • Deliverables
    • Report
  • REF #476 by @0xCrane - NoSpec Content Creator Support
    • Track: Small Spender
    • Requested DOT: 8,666
    • Duration: 6 months (29.02.2024 - 29.08.2024)
    • Deliverables
    • Report
  • REF #21 by @_zondax - Ledger Apps Maintenance Proposal (Polkadot, Kusama, Statemine, Statemint)
    • Track: Big Spender
    • Requested DOT: 175,419
    • Duration: 12 months (28.07.2023 - 28.07.2024)
    • Deliverables
    • Report
  • REF #618 by @LimeChainHQ - Subsquid Migration to ArrowSquid & Indexing Upgrades
    • Track: Medium Spender
    • Requested DOT: 18,694
    • Duration: 2.5 months (12.05.2024 - 31.07.2024)
    • Deliverables
    • Report
  • REF #631 & 831 by @OpensquareN - Subsquid Migration to ArrowSquid & Indexing Upgrades
    • Track: Medium Spender
    • Requested DOT: 16,348
    • Duration: 3 months (12.05.2024 - 12.08.2024)
    • Deliverables
    • Report

Flagged Proposals in August🚩

This month, we are pleased to report that not only we had NO new flagged proposals, but, even better, 2 of the previously flagged referenda have been marked as delivered, successfully fulfilling their promises!

This is exactly the approach we encourage proposers to take. Even if you face delays or other challenges, you can always continue working and eventually complete your REF. We are more than happy to unflag proposals 🙂

  • REF #240 by @KusamaNFT- Crafting a Users & Developers Onboarding Funnel
    • Track: Small Spender
    • Requested DOT: 9,700
    • Duration: 5+2 months ( 25.11.2023 - 25.06.2024 )
    • Deliverables

OGT Review

Even though the proposer failed to deliver his proposal on time, he remained committed to fulfill his work while being extremely transparent & communicative with us throughout this time!

Additionally he will not request the remaining 25% amount of funds due to the occurred delays & some minor modifications of the initial established tasks, a notable act.

View the latest all inclusive and very detailed transparency report.

  • REF #165 by MotifNetwork - Polkadot Nominator Insight Hub. Spreading the Best Nominator Strategies through TOP Nomination Leaderboards.
    • Track: Medium Spender
    • Requested DOT: 32,480
    • Duration: 4 months (01.11.23 - 01.05.24)
    • Deliverables

OGT Review

After 3+ months of conducting regular independent monitors from the limited available resources we had, the proposal was successfully identified as completed✅

However, Even if the proposal eventually delivered, the team's poor practices and lack of transparency were concerning.

- Closed source, making it difficult to track.

- 0 updates about the progress towards the community.

- 0 responsiveness to our calls.

We hope the team will be more transparent and apply different approaches on their potential future grants!

OpenGov in numbers

  • Total approved proposals: 599
    • Big Spender: 49
    • Medium Spender: 219
    • Small Spender: 76
    • Big Tipper: 63
    • Small Tipper: 75
    • Referendum Killer: 1
    • Referendum Canceller: 11
    • Auction Admin: 4
    • General Admin: 8
    • Fellowship Admin: 29
    • Lease Admin: 1
    • Treasurer: 9
    • Staking Admin: 2
    • Whitelisted Caller: 41
    • Root: 11

  • Total DOT Funded: 21.200.655
    • Big Spender: 12,240,031 DOT
    • Medium Spender: 7,331,941 DOT
    • Small Spender: 413,625 DOT
    • Big Tipper: 43,731 DOT
    • Small Tipper: 5,827 DOT
    • Treasurer: 1,165,500 DOT
  • Total USDT/USDC Funded: 1,917,936
    • Big Spender: 478,202 USDT/USDC
    • Medium Spender: 1,336,803 USDT/USDC
    • Small Spender: 101,462 USDT/USDC
    • Big Tipper: 1,000 USDT/USDC
    • Small Tipper: 469 USDT/USDC
  • Spender Status
    • Delivered Proposals: 158
    • In Progress Proposals: 181
    • Flagged Proposals: 5

Stay tuned for more governance updates from the OG Tracker Team!

0
OG TrackerPost author

0 comments