PolkaWorld Halts Operations Due to Proposal Rejection
The Chinese community for Polkadot, PolkaWorld, has announced a temporary halt in its operations after its proposal was rejected. This is the first time in the platform’s four-year history that it has had to pause its activities. The decision to pause came after Polkadot launched its #OpenGov initiative, which aims to decentralize governance and improve transparency and efficiency in the Treasury. However, the management of the Treasury under OpenGov has become a topic of debate.
Call for Incorporating Expertise into OpenGov System
PolkaWorld suggests that the OpenGov system should incorporate a “professional” council elected by DOT holders, similar to the previous governance system. They argue that decentralization only works for those who are well-informed. The current system has led to long-term contributors and organizations being rejected from the Treasury, causing them to leave the Polkadot ecosystem.
Concerns About Treasury Funds Conversion
DOT holders have expressed concerns about applicants converting Treasury funds into cash, which they believe negatively affects them. As a result, many vote against such proposals. There have been suggestions that alternative funding methods, such as using tokens like USDT, should be considered by the Treasury.
Challenges Faced by Developers and Teams
Markian Ivanichok highlighted the challenges faced by developers and teams in the Polkadot ecosystem. He mentioned a case where payment was denied without explanation, despite having an approved development contract and delivering the work. Ivanichok expressed disappointment with Polkadot’s governance system and stated that it had failed.
Brushfam_io Team Leaves Polkadot Ecosystem
The Brushfam_io team announced their decision to leave the Polkadot ecosystem due to a lack of appreciation for their work and challenges that prioritize users, business practices, or marketing. However, they later made the OpenBrush repository on GitHub available again for all financed milestones.
Criticism of Removing OpenBrush Repository
The temporary removal of the OpenBrush repository from GitHub drew criticism from the community, as many teams relied on and supported the openbrush library. The move was seen as detrimental to the developer community.
Hot Take: Future Challenges for Polkadot’s Governance System
The recent changes in Polkadot’s governance system have sparked debates and concerns among its community members. The decisions made by contributors and organizations will shape the future of the Polkadot ecosystem.
Disclaimer & Copyright Notice: The content of this article is for informational purposes only and is not intended as financial advice. Always consult with a professional before making any financial decisions.
By
By
By
By
By