Web3 Foundation CEO: Polkadot has spent too much money on low ROI activities in recent months

ChainCatcher message, Web3 Foundation CEO fabi commented on the controversial Polkadot treasury issue, "This is not an expenditure of the Web3 Foundation, but rather on-chain treasury spending decided by community vote. The foundation has over 5 years of funding support (runway) and will not sell any DOT.

In addition, treasury funds will continue to flow in and will never run out of funds. The treasury should use its funds for more existing initiatives not covered by the foundation. Some unused on-chain funds are even automatically burned. However, I personally agree with the overall point here. Over the past few months, the on-chain treasury has spent too much on activities with potentially low returns on investment."