PANews reported on July 3 that in response to the "Polkadot First Half Financial Report", Fabian Gompf, CEO of Web3 Foundation, a Polkadot development organization, said on the X platform: "This is not an expenditure of the Web3 Foundation, but an on-chain treasury expenditure, which is determined by community voting. Even if the foundation does not sell any DOTs, it has more than 5 years of operating funds. The whole concept of "treasury operating funds" is misleading. The treasury has a continuous inflow of funds and will never run out of funds. I think the treasury should use its funds for more forward-looking initiatives not covered by the foundation. Even some of the unspent on-chain treasury funds will be automatically destroyed. In the past few months, the on-chain treasury has spent too much money on activities that may have lower returns. Polkadot community, if you want change, now is the time to vote."
Related reading: Polkadot’s first half financial report sparked controversy: $87 million in expenditures accounted for nearly half of the total, and revenue was only $1.1 million
