AAG #273 - Red 🩸

Why It Matters

Strong treasury accumulation and repeated referendum rejections signal a more cautious, community-driven funding stance that preserves runway; the Inc. Alliance’s revised, milestone-based ask and governance push for EVM/PVM support will shape developer onboarding and the Hub’s ability to attract Solidity-based projects.

Summary

Polkadot’s on-chain treasury has grown amid a wave of rejected referenda, adding 260,000 DOT (about $770,000) to reach a 25.9 million DOT stack while stablecoin reserves rose—USDT to 6.33M and USDC to 4.09M. Several funding proposals were decisively voted down, including large bounties and integration projects, while a public RPC/relay proposal won unanimous approval. The controversial citizenship app ref (root ref 1770) was cancelled pending a revised submission after community feedback; the Inc. Alliance refiled a pared-back request as a $538,000 USDC medium-spend (no bounty) focused on hub onboarding. Presenters also debated developer data and tooling—highlighting Solidity’s dominance and ink!/Rust’s maturity—as context for choosing EVM/PVM strategies for the Polkadot Hub.

Original Description

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