This is a follow-up proposal on [Referendum 170](https://kusama.subsquare.io/referenda/referendum/170).

Since we originally created the retroactive Parasnaps maintenance proposal, the market experienced a significant downturn from the EMA7 specified in the proposal (KSMUSD @ $31.345). Despite accounting for some market volatility and 5% slippage in the proposal, the resulting difference between our costs and the payout is large in this case and therefore, we would like to follow up with this proposal.

Please find here a screenshot showing our sale of the KSM at a price of $24.75. This proposal is to cover the remaining $5748.15, or 223.02 KSM at an EMA7 of $25.774 for KSMUSD.

![](https://i.imgur.com/yfFT7Fj.png)


We would also like to address one concern that was raised in our previous proposal regarding providing snapshot only for Polkadot. During the entire time that the Parasnaps service was live, we provided daily snapshots for both paritydb and rocksdb on the Polkadot and Kusama relay chains. Unfortunately, we cannot prove this through the Wayback Machine, but would appreciate if those that used the service could vouch for our statement.

Propose and approve a spend of treasury funds.

- `origin`: Must be `SpendOrigin` with the `Success` value being at least `amount`.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

- This is a follow-up proposal on a previous one.
- The market experienced a downturn, so they need more money to cover their costs.
- They sold some KSM at a lower price and need more money to cover the remaining amount.
- They also addressed a concern about providing snapshots for both Polkadot and Kusama.
- They asked for people who used the service to vouch for their statement.

#193 [Small Spender] Parasnaps Maintenance Follow-up for Market Correction

No Active Proposals