Back to Big Tipper
OpenGov Referendum#174 >> Treasury Proposal#306
Executed
Requested:
10.00 KSM

#174 6mths funding for Polkachu's Payout Bot

Proposer:
Paradox
 
in Democracy
Beneficiary:
(10.00 KSM)
26th Apr '23

Hey All,

During a recent discussion with Polkachu he mentioned that he required some help to pay for his public payout bot (Payout Guard). He operates this service on behalf of the community and has self-funded it for most of its existence. I would like to lend him a show of support with a tip of 10 KSM which funds ~ 6 months of service.

I hope the community shares the sentiment.

Regards, Paradox

Show More

Proposal Passed

of 3

Summary
Passed
97.4%Aye
AyeNay
2.6%Nay
Ayes(222)
42.99K KSM
Nays(17)
1.13K KSM
Support
19.07K KSM
Issuance
15.93M KSM
Voting Details
Approval0.00%Threshold0.00%
Support0.00%Threshold0.00%
Please Log In to comment
Users are saying...
Based on all comments and replies

Overall 100 % of users are feeling optimistic. Polkachu's Payout Bot, funded by Referendum 174 for a humble 10KSM every six months, assists validators with on-chain transactions in the community. The DAO unanimously supported this initiative with the condition that Polkachu discontinue Cosmos.

AI-generated from comments

4Comments
0%
0%
50%
25%
25%
polkachu.com
 
 
27th Apr '23

Hey, Polkachu here. Thanks for opening the discussion.

The payout bot for Kusama is here https://kusama.subscan.io/account/EAm8eWXxTXFTBEzmAVbhF4vu8r9LCpxsJ2u6QAS5N59VPDF. You can see it costs about 10KSM every 6 months. It will be great to cover the cost from a treasury tip.

Thank you for your support 🫡

KRYPTOSCHAIN
 
 
27th Apr '23

Voted Aye

Nice initiative!, you get my Aye vote

dashboard profile icon
ChaosDAO_Referendum_Commission
 
 
10th May '23

ChaosDAO, in efforts to bolster transparency within the community, has offered the below rationale for its decision to Aye Referendum 174 to fund Polkachu’s Payout Bot which Paradox put forth to request a humble 10 KSM to pay for the on-chain transactions of a public payout bot used by many validators in the community. Polkachu has been maintaining this for some time on his own dime since its inception.

There was unanimous support in the DAO to aye this big tipper referendum with the stipulation that Polkachu ditch Cosmos. Kek

100% Aye

OpenGovAssist
 
 
13th Aug '23

Hello,

We are in the process of validating a true need for a service to assist teams with crafting and completing successful treasury proposals, so they can focus on building. We would love to hear about your experience with this proposal. If you are willing to take a few minutes, please fill out this form about your experience with the OpenGov treasury proposal process: https://forms.gle/MwDij4adXEQd7Um79

Feel free to leave out any details that your team is not comfortable with sharing, but the more info you can provide, the better we will be able to assess the potential need for our services.

For more info, follow us on Twitter/X: https://twitter.com/OpenGovAssist


Discover similar proposals


#508
KSM

Remove Gabe from the fellowship

Members of the Fellowship Collective involved in projects flagged by the OG tracker should provide a proper explanation, return the funds to the Treasury, or face expulsion.

See More

24th Mar '25
50%
50%

Fellowship Admin

Fellowship Admin

#508 Remove Gabe from the fellowship
KSM
24th Mar '25
50%
50%

Members of the Fellowship Collective involved in projects flagged by the OG tracker should provide a proper explanation, return the funds to the Treasury, or face expulsion.

Invarch failed to provide the first two, so Gabe, a founding member of the team, does not meet the ethical standards required to have a voice in the Fellowship.

TENETS (extract from the fellowship manifesto)

"Members are expected to faithfully uphold the following tenets.
Clarifications to the rules should be in agreement with these tenets. Acting in clear breach of these tenets may be considered by voters as grounds for non-promotion, demotion or, in extreme cases, exclusion from the Fellowship.


(1) Sincerely uphold the interests of Polkadot and avoid actions which clearly work against it.
(2) Respect the philosophy and principles of Polkadot.
(3) Respect the operational procedures, norms and voting conventions of the Fellowship.
(4) Respect your fellow Members and the wider community"

See More

#509
Jay Chrawnna
Deciding

KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!

See More

24th Mar '25
94%
50%
50%

Treasurer

Treasurer

#509 KSM RFP #1 - Shielded Kusama Hub Transfers - $50k Total Prize!
Jay Chrawnna
24th Mar '25
94%
50%
50%

This RFP was adapted over several weeks on AAG to turn a treasury proposal in discussion to an RFP with refined scope and oversight.

To apply for the prize pls fill out this form.  


Prize Pool: $43,000
Finder’s Fee: $2,000 **
Supervisors: $5,000

Supervisors (Bounty Curators)

  • Flipchan
  • Byte (Erin)
  • James Slusser

Excess or unused funds will be returned to the treasury by Bounty Curators.

Timeline

Monday, March 17 - AAG Discussion & this forum post! ✅
Monday, March 24 - Single-ref Bounty + Curators ✅
4 Weeks after Bounty Funding - Submission Deadline Thursday
July 31 - Project Completion (Pending Kusama Hub Launch)

Project Scope

Smart Contract Development

  • A Solidity-based smart contract deployed on Kusama Hub
  • ZK enabled for private deposits & withdrawals
  • Compatibility with all Kusama Hub assets

User Interface

  • Browser-based, mobile-ready UI hosted on IPFS
  • Support for: Deposits, Withdrawals, Transfers, XCM Transfers
  • Compatible with popular ecosystem wallets (Nova Wallet, Talisman, Subwallet)

Anti-correlation Attack Mitigations:

  • Fixed deposit amounts (e.g. 1, 10, 100, 1000 units)
  • Batch payouts for withdrawals to multiple users
    Interoperability
  • Ability to receive assets via XCM from any Kusama-connected parachain and transfer them to Kusama Hub for use in shielded pool.

Open-Source Delivery

  • All code (smart contracts and UI) published under the MIT license
  • Publicly accessible repositories Project updates shared transparently via Polkassembly, Subsquare, or Polkadot Forum from Team with Milestone deliveries
  • Developer & User documentation

Milestones

Milestone 1, Initial Pools & Basic UI:
$16,200 USD
1 month

  1. Tests - Smart contract test
  2. Smart contract - ZK shielded smart contract with KSM and multi asset support on Westend or Paseo
  3. Basic UI - A basic UI for interacting with the smart contract

Milestone 2, UI + XCM:
$9,900
1 month

  1. Tests - tests for all features
  2. User interface design - UI design
  3. XCM transfers - XCM transfer assets in UI
  4. Fixed amount transfer only - Allow fixed amount transfers in the UI

Milestone 3, Mainnet Deployment:
$16,900
1 - 1.5 months

  1. Contract Migration to Kusama Assethub - Migrate contract from Testnet to Kusama Hub
  2. Public documentation - Documentation for using Kusama shield and developer integration documentation
  3. Test - tests for contract
  4. V1 UI - User tested & something we can be proud of

** re: Finder’s Fee: this payment is set aside to incentivize a broad search for the right implementor. Finder’s Fees are paid out at time of team engagement. Teams that submit themselves can collect their own Finder’s Fee at completion of project.

See More

Deciding
#510
KSM

Secure Funds

To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.

See More

7 days ago
50%
50%

Root

Root

#510 Secure Funds
KSM
7 days ago
50%
50%

To prevent potential mismanagement of Youdle DAO treasury funds, we propose temporarily transferring these assets to the Kusama Treasury, which is now the safest option.

Rationale:

The Invarch team, which currently controls the funds, has a history of questionable financial decisions, including the transfer of more than 200K ASTAR from the DAO to a CEX without transparency.

Community members have raised concerns and asked questions about fund management, but the team has not provided clear answers.

To ensure responsible management, these remaining funds (400 KSM) should be safeguarded under Kusama governance.

Next Steps:

The funds will later be returned to Youdle DAO holders through a transparent and verifiable process.

 

We urge the community to support this measure to protect DAO resources.

 

Evidence:

Rug on virtuals

image.png


image.png

 

Polkadot treasury rugs

image.png

 

Youdle DAO rug

Moving DAO funds to a CEX because it's a shared address instead of moving to another on chain address? No answers. 

image.pngimage.png

image.png

Pink rug

Pink distributed by the pink team to invarch was supposed to get distributed to the community

image.png

but instead 2000000 pink were allocated to xcastronaut (invarch founder) wallet

image.png

image.png

Then went to hydration and got sold.

VARCH rug

$VARCH token launched less than 30 days ago. ICO investors are down -96%
image.png


KSM partial rug

Not fully delivered. 

image.png

Tinkernet rug

Tinkernet (kusama parachain) was shutdown. Investors were given 4 VARCH for 1 TINKER. VARCH was later a rug so this converts Tinkernet in a rug. Before shuting down they made an LBP in Osmosis (Cosmos) which also was a rug. 



See More