Web3 Foundation to participate in Polkadot OpenGov Treasury voting

PANews reported on October 1st that the Web3 Foundation (W3F) announced in its official blog that it will begin selectively participating in treasury proposal voting in Polkadot's OpenGov system. W3F stated that this move aims to contribute additional due diligence and transparency to treasury governance as the number and scale of proposals grow.

Its main goals include: protecting treasury funds by voting against proposals with unclear milestones or value; strengthening community confidence through clear and consistent voting criteria; and acting as a counterweight to short-term or opportunistic proposals.

The Web3 Foundation is committed to "radical transparency," providing public justification for every vote. Furthermore, the Foundation will recuse itself from any votes where it suspects a conflict of interest and will typically wait for initial community feedback before voting. Meanwhile, its "Decentralized Voices" initiative, which delegates voting power to community members, will continue to operate in parallel.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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