Polimec Evolution proposes reducing the Evaluation Round from 28 to 7 days, while extending both the Auction and Community Rounds from 5 to 7 days, and removing the candle auction along with the potential 7-day break between the Evaluation and Auction Rounds.
Additionally, a single 33% funding threshold is introduced, where exceeding this threshold triggers automatic acceptance, rewards for evaluators, and bonuses for long-term holders, whereas failing to meet it results in automatic decline, evaluator slashing, and participant refunds.
Changelog of the proposed runtime:
<ul>
<li>🔧 Fix migration test</li>
<li>😎 Runtime APIs </li>
<li>✲ Transitions can be called by anyone </li>
<li>🚮 Remove "Y" variable from fee allocation </li>
<li>✨ New evaluation reward/slash thresholds </li>
<li>🗑️ Remove unnecessary bid fields </li>
<li>🛠️ Rework tests </li>
<li>✌️ Fix project transition event </li>
<li>💥 Remove AuctionClosingDuration </li>
<li>💥 Remove random end field </li>
<li>✨ Add mark project settled extrinsic </li>
<li>✅ New tests </li>
<li>💥 Remove AuctionInitializePeriod </li>
<li>🛠️ Rework benchmarks </li>
<li>💿 AWS runtime weight generation </li>
<li>🦀 Comprehensive Clippy run </li>
<li>✨ Upgrade to Polkadot SDK 1.13 </li>
<li>🔧 Fix penpal </li>
<li>🙅🏻&zwj;♂️ Disallow 0CT participation </li>
<li>💻 Runtime Benchmarks </li>
<li>🔖 Runtime Upgrade</li>
</ul>
More information can be found here:
Changelog - <a href="https://github.com/Polimec/polimec-node/releases/tag/v0.8.0">https://github.com/Polimec/polimec-node/releases/tag/v0.8.0</a>
Polimec Evolution - <a href="https://polimec.medium.com/polimec-evolution-b73314e576e6">https://polimec.medium.com/polimec-evolution-b73314e576e6</a>

- Problem Statement: Polimec Evolution proposes changes in the evaluation, auction, and community rounds, introducing a 33% funding threshold.
- Significance: Enhancing efficiency and transparency in the Polimec platform's decision-making process.
- Proposed Solution: Reducing Evaluation Round to 7 days, extending Auction and Community Rounds to 7 days, and implementing a 33% funding threshold.
- Expected Outcomes: Improved decision-making speed, increased participation incentives, and streamlined project evaluation processes.

#18 Runtime upgrade to Polimec 0.8.0

No Active Proposals