Treasury Pallet

The Treasury pallet provides a "pot" of funds that can be managed by stakeholders in the system and a structure for making spending proposals from this pot.

Overview

The Treasury Pallet itself provides the pot to store funds, and a means for stakeholders to propose, approve, and deny expenditures. The chain will need to provide a method (e.g.inflation, fees) for collecting funds.

By way of example, the Council could vote to fund the Treasury with a portion of the block reward and use the funds to pay developers.

Terminology

• Proposal: A suggestion to allocate funds from the pot to a beneficiary.
• Beneficiary: An account who will receive the funds from a proposal if the proposal is approved.
• Deposit: Funds that a proposer must lock when making a proposal. The deposit will be returned or slashed if the proposal is approved or rejected respectively.
• Pot: Unspent funds accumulated by the treasury pallet.

Interface

Dispatchable Functions

General spending/proposal protocol:

• spend_local - Propose and approve a spend of treasury funds, enables the creation of spends using the native currency of the chain, utilizing the funds stored in the pot
• spend - Propose and approve a spend of treasury funds, allows spending any asset kind managed by the treasury
• remove_approval - Force a previously approved proposal to be removed from the approval queue
• payout - Claim a spend
• check_status - Check the status of the spend and remove it from the storage if processed
• void_spend - Void previously approved spend