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.
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Co-authored-by: joe petrowski <25483142+joepetrowski@users.noreply.github.com>
Co-authored-by: joepetrowski <joe@parity.io>
The FRAME development environment provides modules (called "pallets") and support libraries that you can use, modify,
and extend to build the runtime logic to suit the needs of your blockchain.
Muharem
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