Odaily Planet Daily News According to the Polkadot 2024 Treasury Report, it has spent a total of $133 million on various operations and development work. The use of these funds is not determined by a centralized institution, but by community members who apply for projects, and all DOT stakeholders discuss and vote together to decide whether to approve them. Expenditure is divided into 7 categories, including research and development, ecological expansion, economic and talent pool growth, business development network operations, etc. The balance sheet shows $211 million (about 31.2 million DOT).
Assets:
$157 million (about 23.4 million DOT) is at your disposal. $11.6 million in cash reserves can be used as stablecoins, and another 4 million DOT (about $26 million) is used for the acquisition of automated stablecoins.
$41.6 million (about 6.1 million DOT) is dedicated to strategic initiatives such as marketing, DeFi tools, games, business development, etc.
$12 million (about 1.8 million DOT) has been invested in DeFi market operations.
Expenditure:
The Treasury spent $133 million (about 19.9 million DOT) in 2024. Taking into account inflation and destruction, the net loss is 15 million DOT.
The top three categories of expenditure are: ecosystem expansion ($48 million), development ($32 million), and business development ($19 million).
Bounties and Collectives expenditure: 19% (about $25 million, 3.8 million DOT) of expenditures came from various Bounties and Collectives.
Stablecoin acquisition and capital deployment:
Polkadot DAO began to add stablecoins to its asset portfolio in the second half of the year, acquiring $32 million in stablecoins, of which $17 million has been spent.
OpenGov is putting money into the economy: $15 million (~2 million DOT) distributed as DeFi incentives. $12 million (~1.8 million DOT) provided as liquidity to 4 different DeFi protocols.
Inflation and Budget Stability:
The inflation model has been adjusted to provide a stable income of 18 million DOT per year to the treasury, paving the way for more predictable budget planning. (PolkaWorld)