According to Foresight News, the CEO of the Web3 Foundation, known as Fabi, has spoken out about the controversial issue of the Polkadot treasury. He clarified that the spending was not from the Web3 Foundation, but was decided by community voting for on-chain treasury expenditure. The foundation has more than five years of financial support, and will not sell any DOT.
In addition, the treasury funds will continue to flow in and will never run out. The treasury should use its funds for more existing initiatives that the foundation does not cover. Some unused on-chain funds are even automatically destroyed. However, Fabi personally agrees with the overall view here. He noted that in the past few months, the on-chain treasury has spent too much on activities where the return on investment may be lower.
