Polkadot Semi-Annual Financial Report: Expenditure Reached 87 Million USD, Treasury Has Approximately Two Years of Fund Reserves

PANews reported on July 2nd that the Polkadot community recently released its treasury operation overview for the first half of 2024, with key information as follows: 

1. In the first half of 2024, Polkadot's treasury expenditure reached $87 million (11 million DOT), of which 13% was spent through executing agencies (bounties and collectives); 
2. In the first half of 2024, Polkadot's treasury expenditure reached $87 million (11 million DOT), of which 13% was spent through executing agencies (bounties and collectives); 
3. Stablecoins: There are $8 million in USDT and USDC stablecoins in cash reserves, plus another 2.5 million DOTs (about $16 million) used for continuous acquisition of stablecoins; 
4. Designated assets: A total of $24.5 million (3.8 million DOT) has been allocated to multiple execution bodies within Polkadot (collectives and bounties) for strategic plans such as market marketing, DeFi tools, games, business expansion etc., An additional $6.4million(1millionDOT) is used for airdrop activities in gaming sector;
5.Polkadot has injected its own assets worth about10million dollars(1.6millionDOTs) into DeFi markets within ecosystem as liquidity;
6.Based on current spending rate,thePolkadottreasuryhas approximately two years' worth offunding reserves.However,the volatilityofcryptocurrencytreasuriesmakesaccurateforecastingdifficult.This has sparked widespread discussion from stricter budgeting methods to system inflation parameter adjustments.