Polkadot 2024 Treasury Report: $133 million spent, $211 million on balance sheet

Odaily News According to the Polkadot 2024 Treasury Report, it has spent a total of $133 million on various operations and development work. The use of these funds is not determined by a centralized institution, but by community members who apply for projects, and all DOT stakeholders discuss and vote to decide whether to approve them. Expenditure is divided into 7 categories, including research and development, ecological expansion, economic and talent pool growth, business development network operations, etc. The balance sheet shows $211 million (about 31.2 million DOT).
Assets:
$157 million (about 23.4 million DOT) is freely available. $11.6 million in cash reserves can be used as stablecoins, and another 4 million DOT (about $26 million) is used for automated stablecoin acquisition.
$41.6 million (about 6.1 million DOT) is earmarked for strategic initiatives such as marketing, DeFi tools, gaming, business development, and more.
$12 million (about 1.8 million DOT) has been invested in DeFi market operations.
Expenditure:
The Treasury spent $133 million (about 19.9 million DOT) in 2024. Taking inflation and burns into account, the net loss is 15 million DOT.
The top three spending categories were: ecosystem expansion ($48 million), development ($32 million), and business development ($19 million).
Bounties and Collectives spending: 19% (approximately $25 million, 3.8 million DOT) of spending comes from various Bounties and Collectives.
Stablecoin Acquisition and Capital Deployment:
Polkadot DAO began adding stablecoins to its asset portfolio in the second half of the year, acquiring $32 million in stablecoins, of which $17 million has been spent.
OpenGov is injecting money into the economy: $15 million (about 2 million DOT) is distributed as DeFi incentives. $12 million (about 1.8 million DOT) is provided as liquidity to 4 different DeFi protocols.
Inflation and Budget Stability:
The inflation model has been adjusted and is expected to provide a stable income of 18 million DOT per year to the treasury, paving the way for more predictable budget planning. (PolkaWorld)