Adding some context...

Didn't we already demo the treasury guardian tool?

Our first demo Ref 580 did not execute successfully because one of the calls in the batchAll call had an invalid validFrom argument.

#580 attempted to delay the scheduled spend to Bill which was created with Ref 572 and scheduled to be executed 30 September.

Since Ref 580 was not successful in delaying that spend, the time remaining till that spend was scheduled to be executed was only about 12 days.

12 days is not long enough to vote on a Treasurer track spend. Since the voting time is approximately 14 days + 2 days confirmation + 1 day execution.

We created a new scheduled spend with Ref 592 that we will now demonstrate our tool with.

What are we demoing here?

Our tool enables anyone to delay/cancel a scheduled payout in cases where proposers are delayed with their milestones for example. Our goal is to grow the usage of milestone based scheduled payouts within the Kusama and Polkadot ecosystems in order to de-risk the treasury.

Treasury guardians are incentivised to monitor milestone completions since, as demoed here, delayors receive a 2% cut of the amount being delayed should voters vote positively on the delay referendum.

We really appreciate everyones support on this and look forward to this referendum successfully demonstrating how we can kick a scheduled spend down the road if a proposer needs more time than anticipated to deliver their milestone.

Dear Proposer,

Thank you for your proposal. Our first vote on this proposal is AYE.

The Treasurer track requires 60% quorum according to our voting policy v0.2, and any referendum in which the majority of members vote abstain receives an abstain vote. This proposal has received six aye and zero nay votes from eight available members. Below is a summary of our members' comments:

Voters expressed support for delaying the treasury spend as proposed and defended the demonstration of the Treasury Guardian mechanism. Comments highlighted the enthusiasm for testing and evaluating the delay mechanism, with one remark questioning the decision against using an alternative process while still endorsing the approach. Several members noted that the experimental work was commendable and encouraged similar initiatives in the future. Testing notes provided evidence of careful examination and an exploratory mindset, and overall, the combined feedback affirmed the experimental decision to defer the treasury allocation while reinforcing confidence in the creative process behind the Treasury Guardian demonstration.

The full discussion can be found in our internal voting.

Please feel free to contact us through the links below for further discussion.

Kind regards,
Permanence DAO
Decentralized Voices Cohort V Delegate

📅 Book Office Hours
💬 Public Telegram
🌐️ Web
🐦 Twitter
🗳️ Delegate