A Better Treasury System

[rich]

@ale

This “project manager” could be called a “Liaison,” an expert figure who takes on the obligation to:

• produce objective reports by doing the heavy work of acquiring data
• onboarding and constant dialogue with the team
• guiding the team on bureaucratic aspects, simplifying their work
• taking care of milestones change request

this is what we have been doing at a small scale for 2+ years in Edgeware - we call it 'network services’.

@ale

Also, I don’t want to oversimplify it, but it’s likely there will be over 1B in the treasury to be allocated. Even with a milestone-based system, I think we should seriously consider that once the money is moved to a wallet, there is no remedy of any sort: Treasury and Polkadot are not legal entities– there is no remedy once the money is paid .

oversight can be achieved using anon-proxy based organisations w/ governance oversight from relay/parachains.

@rich

There is an opportunity to use basic organisational structures such as Optimistic Orgs (as pioneered by Shokunin Network) which leverage time delayed proxies.

and

@rich

ParaNotes utilise DotSama’s basic financial, governance and organisational super-powers - those introduced and expanded by common good parachains.

ParaNotes create a secured loan with a pre-agreed loan to value (LTV) ratio that is updated in real time through price oracles. This LTV is reviewed annually, with relay on-chain governance able to writeoff, recall, top up or expand the underlying collateral.

Both relay and parachain governance has cancel permissions with appropriate time delays to enable emergency oversight over delegated funds.

Saw this too - we’re also UK based, worth chatting.

@ale

We have a lot of experience in dispute resolution. We contributed to the definition of the Digital Dispute Resolutions (UK Jurisdictional Taskforce), won a related public tender (LawTechUK), and much more in the past years. More recently, we have moved to Substrate, and after months of hard work, we are ready to contribute to the ecosystem.