I just want to add some helpful context here for the community after remembering that Encointer recently received funds, especially since some of you might be asking "why does Encointer need more money if they just received some?"

First, Encointer's Q4 funds suffered significant losses after financial realization in their last couple of grants (~$130k). Based on their speedy update of the situation, it's my opinion that the team acted prudently and promptly with their funds. So this Gov2 spend will help recoup these losses.

Second, this Gov2 spend is to fund the first two quarters of their lease up front. This will give the team a lot more autonomy to build/ improve their protocol and dApps. I've worked with the team directly and they are very responsive and have a very good understanding of the technology and its needed direction. I think these funds will be used very well.

Lastly, it is quite expensive to maintain a parachain let alone improve upon one. The community has shown its support for continuing the Encointer parachain by permitting it another common-good lease, but that's only half the battle. We must proactively fund this project if we expect to see it deliver.

That said, I'm completely in favor of this!

Cheers,

Adam

Just checking: you are asking for 22k KSM in the Big Spender track that has a limit of 5k KSM? MC