Web3 Foundation CEO: The Foundation has more than 5 years of operating funds, and there will be continuous inflows of funds into the Polkadot chain treasury

Odaily News In response to Polkadots first half financial report, Fabian Gompf, CEO of Web3 Foundation, a Polkadot development organization, posted on the X platform: This is not an expenditure of the Web3 Foundation, but an on-chain Treasury expenditure, which is determined by community voting. Even if the foundation does not sell any DOTs, it has more than 5 years of operating funds (runway). The whole concept of on-chain Treasurys operating funds is misleading. The Treasury has a continuous inflow of funds and will never run out of funds. I think the Treasury should use its funds for more forward-looking initiatives that are not covered by the foundation. Even some of the unspent on-chain Treasury funds will be automatically destroyed. In the past few months, the on-chain Treasury has spent too much money on activities that may have lower returns. Polkadot community, if you want change, now is the time to vote.