Polkadot Q3 financial report: Treasury balance of $153 million, marketing spending fell sharply
2024-10-15 18:36:38
Polkadot community member Alice und Bob released the Treasury Operations Report for the third quarter of 2024 at the Official Governance Forum.
The report shows that the balance of the Polka treasury is 33.30 million DOT ($153 million), and after deducting liabilities, the surplus is 32.40 million DOT ($149 million).
In terms of spending, the Polka Treasury spent a total of $27 million (5.20 million DOT) in the third quarter, which is about half of the total expenditure in the second quarter (from $58 million to $27 million), and in DOT terms, it was reduced from 8 million DOT to 5.20 million DOT.
Specifically, marketing-related spending saw the largest declines, from $27 million to $9.90 million; development-related spending remained stable, from $10 million to $11.90 million; operating expenses remained at a similar level, from $1.70 million to $1.40 million; talent and education-related spending increased slightly, from $2.30 million to $3.80 million; research spending was low, from $1.50 million to $310,000; and no economic incentive proposals were approved during the quarter.