hey sir, you can place all the corresponding information here please, so users have everything at hand, to give their feedback
As mentions @turrizt , must first have a discussion here in the forum, before placing it on chain since the proposal is already on chain, I don’t know if it can be canceled on his part so as not to lose the bond, or if depending on the feedback received, there is some change, come to an agreement, like return the surplus, etc
From my point of view, since moonbase is also included in the cost, this maybe can be split with moonbeam, since there will be a proposal for moonbean too, when opengov is implemented
and also, seems like is not possible vote with talisman in polkassembly, can we know if there is a problem that can be solved , so all users can participate using polkassembly and not go to polkadot.js
Hey everyone, we had been working with foundation for covering the costs of expenses made for development and maintenance of Polkassembly for the networks.
OpenGov development is the first time we are reaching out to the treasury and community and hence the lack of information on the process.
Few points that I wanted to highlight -
Since the proposal is already on-chain, after the discussion period of 5+ days on this forum, if there is no major change suggested in the proposal, we could move forward with the same proposal already put on chain.
The market volatility has been significant since we put the proposal, and once the proposal passes, the $ amount of MOVR might not be equal to the expenses incurred. In that case, we propose adding the difference amount to our proposal on Moonbeam network post OpenGov deployment for Moonbeam.
We have edited the link of the google doc and worked on the pointers mentioned by the community members.
Please refer to the snippet below for a detailed breakdown of the costs as per the themes. Please note, details of the tasks within the themes are provided in the same document for the benefit of the community.
Thank you for your response @Parambir , regarding the amount requested for the Moonbase work (10k $) We would kindly ask you to split it into two proposals, one for moonriver worth 20% of the total requested amount in MOVR and one on moonbeam totaling 80% of the total in GLMR.
Please use a 30-day-average price.
Since the proposal is already on-chain in Moonriver, the excess amount must be returned to the treasury expeditiously.
I support the proposal itself, since having an interface for on-chain governance is essential, only with these changes mentioned above
The method used for calculation by the team will be a 30 Average Price with a 10% buffer for volatility.
We will add a comment regarding the total amount that would be refunded to the treasury based on the date of funds disbursement. A separate proposal will be created for Moonbeam development costs as mentioned on the proposal and discussed in the thread.
Hey @Parambir - just to make sure - the volatility buffer will be cleared with the return of the funds if the payout was higher at the day of transfer right?
If so I hereby state my support as a treasury council member
Sure, we can clear the volatility buffer along with the excess payment.
This is how the process will flow →
After receiving approval from the treasury, Polkassembly will be credited funds as per the proposal
Polkassembly will calculate the 30 day Average Price, remove 80% of the component for Moonbase and return excess funds as per the day on which the funds are credited
The remaining costs for Moonbase and Moonbeam will be added via a separate proposal
We hope things are clear and we can proceed with the disbursement. Looking forward to the final approval
thank you for the processing of the proposal. The amount has been received by the the Polkassembly team.
As per the 30 day average price, the MOVR token close price was 8.96$ (source Coingecko). The total invoice amount of $12,000 equates to approximately 1340 MOVR tokens
The remaining tokens 889 MOVR (2229-1340) will be sent back to the treasury by the team.