Polkadot’s treasury has $245M with 2 years of runway
The blockchain’s revenue declined over the first half of 2024, and its head ambassador has called for its token’s inflation rate to be lowered.
Polkadot’s treasury holds just under $245 million worth of assets, giving it around two years of spending left at its current rate, according to a Friday report from the blockchain.
“Polkadot’s Treasury is becoming more complex and harder to grasp,” its head ambassador Tommi Enenkel wrote in a June 28 treasury report for 2024’s first half. “Polkadot is spending directly as well as allocating value in bounties and collectives to be spent in the future.”
“At the current rate of spending, the Treasury has about 2 years of runway left, although the volatile nature of crypto-denominated treasuries makes it hard to predict with confidence,” Enenkel added. “This has sparked discussions ranging from a stricter budgeting approach to a change in the inflation parameters of the system.”
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Author: Jesse Coghlan
