PolkaWorld

The well-known media PolkaWorld in the Polkadot Chinese community has suspended operations for half a month

ChainCatcher news, the Polkadot Chinese community PolkaWorld stated that due to the rejection of the proposal for official funding, PolkaWorld has suspended operations for half a month.PolkaWorld also criticized Polkadot's new governance framework, OpenGov. The original intention of OpenGov was to make Polkadot's governance more decentralized while improving the efficiency and transparency of the treasury. However, the management mechanism of the treasury under this framework has led to many long-term contributors and organizations' funding applications being repeatedly rejected, forcing these groups to leave the Polkadot ecosystem.PolkaWorld explained that under the previous governance framework, DOT holders would elect a council with expertise to evaluate specific proposals. This effective treasury mechanism should be integrated into the OpenGov governance framework. However, under the current OpenGov governance framework, DOT holders often resist all proposals that would cash out the treasury reserves, which prevents many long-term contributors and organizations from receiving the funding they deserve.PolkaWorld called for all DOT holders to realize that the existence of the treasury is to promote the development of the ecosystem. If OpenGov leads to the loss of ecological projects, it may mean that DOT holders are making incorrect votes under OpenGov.
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