Future

Polkadot

Alice

Coin

<ul class="wp-block-list news-points">
 <li>Polkadot reports a total quarterly spending of $27 million in Q3, with a balance of $150 million.&nbsp;</li>
 <li>The network has deployed $10 million across 4 DeFi chains including Bifrost, Pendulum, Hydration, and Centrifuge.&nbsp;</li>
 <li>Future quarterly spendings are expected to hit 4.5 million DOT.&nbsp;</li>
</ul>
Polkadot has reached a significant milestone, with its latest treasury report showing a substantial reduction in quarterly spending. This positive development has been highlighted by a leading figure in the Polkadot community, who stressed the importance of continuing these sustainable practices.
The <a href="https://forum.polkadot.network/t/2024-q3-polkadot-treasury-report/10450" target="_blank" rel="noopener noreferrer nofollow">Q3 2024 treasury report</a> reveals that Polkadot’s spending totaled 5.1 million DOT, currently valued at $27 million. This represents a notable decrease compared to previous quarters. The treasury currently holds a balance of 33 million DOT, worth approximately $150 million.
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 The 2024-Q3 Polkadot Treasury Report Polkadot spent 27m USD (5.1m DOT) in Q3, now holding a balance of 150m USD (33m DOT). Spending decreased, but more work to create long-term sustainability is still needed.<a href="https://t.co/FSBUCGDDi2" target="_blank" rel="noopener noreferrer nofollow">https://t.co/FSBUCGDDi2</a> Thread <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/XxRpj1qZps" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/XxRpj1qZps</a>— Alice und Bob @ Lisbon (@alice_und_bob) <a href="https://twitter.com/alice_und_bob/status/1845830208315589012?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 14, 2…</a>
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The post <a href="https://coinedition.com/polkadots-prudent-financial-management-highlighted-in-latest-treasury-report/" rel="noopener noreferrer nofollow">Polkadot’s Prudent Financial Management Highlighted in Latest Treasury Report</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Polkadot’s Prudent Financial Management Highlighted in Latest Treasury Report

Coin Edition

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