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Serban Iorga 8e95a3e1aa Align dependencies with parity-bridges-common (#3937 )

Working towards migrating the `parity-bridges-common` repo inside
`polkadot-sdk`. This PR upgrades some dependencies in order to align
them with the versions used in `parity-bridges-common`

Related to
https://github.com/paritytech/parity-bridges-common/issues/2538

2024-04-02 13:41:01 +00:00

src

Fix spelling mistakes across the whole repository (#3808 )

2024-03-26 13:57:57 +00:00

Cargo.toml

Align dependencies with parity-bridges-common (#3937 )

2024-04-02 13:41:01 +00:00

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.