The Web3 Foundation (W3F) has announced its decision to participate in treasury proposal voting within Polkadot's OpenGov system. This initiative aims to enhance due diligence and transparency in treasury governance as the volume and complexity of proposals increase. W3F plans to protect treasury funds by opposing proposals lacking clear milestones or value, and to bolster community confidence through consistent voting criteria.
The Foundation emphasizes its commitment to "radical transparency" by providing public justifications for each vote and recusing itself from votes where conflicts of interest may arise. Additionally, W3F will generally wait for community feedback before casting its vote. The "Decentralized Voices" initiative, which delegates voting power to community members, will continue alongside this new participation strategy.
Web3 Foundation to Engage in Polkadot OpenGov Treasury Voting
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