mirror of
https://github.com/pezkuwichain/pezkuwi-subxt.git
synced 2026-05-08 10:08:02 +00:00
Muharem
da40d97a23
Treasury Pallet Instance for the Fellowship in Westend Collectives. In this update, we present a Treasury Pallet Instance that is under the control of the Fellowship body, with oversight from the Root and Treasurer origins. Here's how it is governed: - the Root origin have the authority to reject or approve spend proposals, with no amount limit for approvals. - the Treasurer origin have the authority to reject or approve spend proposals, with approval limits of up to 10,000,000 DOT. - Voice of all Fellows ranked at 3 or above can reject or approve spend proposals, with a maximum approval limit of 10,000 DOT. - Voice of Fellows ranked at 4 or above can also reject or approve spend proposals, with a maximum approval limit of 10,000,000 DOT. Additionally, we introduce the Asset Rate Pallet Instance to establish conversion rates from asset A to B. This is used to determine if a proposed spend amount involving a non-native asset is permissible by the commanding origin. The rates can be set up by the Root, Treasurer origins, or Voice of all Fellows. --------- Co-authored-by: joe petrowski <25483142+joepetrowski@users.noreply.github.com> Co-authored-by: joepetrowski <joe@parity.io>
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.