#235 Encointer lease 2 Treasury Proposal
After its first year as a common good parachain, Encointer has been granted another 48 weeks on Kusama. The Encointer Association seeks for financing of its planned activities for the new common-good parachain lease period, split into two proposals. The current proposal shall cover the funding for Q1 and Q2 2023 (until the end of June 2023).
The amount of the proposed treasury spend is CHF 610’000 = 22’089 KSM.
Our Detailed Proposal encompasses all of:
- What is Encointer?
- What have we achieved so far?
- What are we planning to do in 2023?
- How we funded our past activities
- What we spent our funds for in the past
- What we plan to spend in 2023 (Budget)
- Proposal terms
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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
The recent runtime upgrade included an increase of the big_spender track spending limit to 1_000 * GRAND which equals 33.333k KSM.
Thanks for the reply! That should be correct indeed since PR6372 was included in the current runtime.
3-month report submitted: https://kusama.polkassembly.io/treasury/235#2xFkSLXfnDHOHY9R5cU0
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We have published our report on objectives and key results for Q4 '22 and Q1 '22 and our OKRs for the next 6 months.
tl;dr
- Encointer's Pioneer community Leu Zürich is growing nicely both in number of human participants and number of businesses accepting the LEU for payment
- Global expansion with new communities is happening, but slower than expected
- for the next 6 months we adjusted the OKR slightly based on our learnings and we include a key result for a new value proposition for the DotSama ecosystem specifically.
please consider our new treasury proposal which also reports on achievements during this proposals' period and our plans for the near future: Discussion Post 2578
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Voted Aye