📉 According to Friday's report, Polkadot's treasury has about $245 million in assets, giving it about two years of expenses at its current pace. “Polkadot treasury is becoming increasingly complex and difficult to understand,” wrote chief ambassador Tommi Enenkel.
- Half of the blockchain's assets, $188 million, are in liquid form, mostly in Polkadot's native token (DOT), as well as the stablecoins Tether (USDT) and USD Coin (USDC).
- Polkadot spent $87 million in the first half of 2024, of which more than 40% ($36.7 million) was spent on advertising, influencers, conferences and events.
- Enenkel noted that "concern in the ecosystem about treasury utilization is increasing" as its balance sheets have been declining since the middle of last year.
Enenkel proposed the idea of handing more responsibility to "executives" as they are already "increasingly emerging and taking on the roles of departments within the ecosystem."