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joe petrowski 757ae372f7 Switch All construct_runtimes to New Syntax (#2979 )

Clean up all the old syntax.

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Co-authored-by: command-bot <>
Co-authored-by: gupnik <nikhilgupta.iitk@gmail.com>
Co-authored-by: Nikhil Gupta <17176722+gupnik@users.noreply.github.com>
Co-authored-by: Maksym H <1177472+mordamax@users.noreply.github.com>

2024-01-22 07:15:53 +00:00

src

Switch All construct_runtimes to New Syntax (#2979 )

2024-01-22 07:15:53 +00:00

Cargo.toml

Bump the known_good_semver group with 4 updates (#2865 )

2024-01-07 11:42:37 +01:00

README.md

Migrate pallet-treasury to the new pallet attribute macro (#9197 )

2021-07-13 07:26:58 +00:00

README.md

Treasury Pallet

The Treasury pallet provides a "pot" of funds that can be managed by stakeholders in the system and a structure for making spending proposals from this pot.

Overview

The Treasury Pallet itself provides the pot to store funds, and a means for stakeholders to propose, approve, and deny expenditures. The chain will need to provide a method (e.g.inflation, fees) for collecting funds.

By way of example, the Council could vote to fund the Treasury with a portion of the block reward and use the funds to pay developers.

Terminology

Proposal: A suggestion to allocate funds from the pot to a beneficiary.
Beneficiary: An account who will receive the funds from a proposal if the proposal is approved.
Deposit: Funds that a proposer must lock when making a proposal. The deposit will be returned or slashed if the proposal is approved or rejected respectively.
Pot: Unspent funds accumulated by the treasury pallet.

Interface

Dispatchable Functions

General spending/proposal protocol:

propose_spend - Make a spending proposal and stake the required deposit.
reject_proposal - Reject a proposal, slashing the deposit.
approve_proposal - Accept the proposal, returning the deposit.