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  • Muharem Ismailov's avatar
    Westend: Fellowship Treasury (#2532) · da40d97a
    Muharem Ismailov authored
    
    
    Treasury Pallet Instance for the Fellowship in Westend Collectives.
    
    In this update, we present a Treasury Pallet Instance that is under the
    control of the Fellowship body, with oversight from the Root and
    Treasurer origins. Here's how it is governed:
    - the Root origin have the authority to reject or approve spend
    proposals, with no amount limit for approvals.
    - the Treasurer origin have the authority to reject or approve spend
    proposals, with approval limits of up to 10,000,000 DOT.
    - Voice of all Fellows ranked at 3 or above can reject or approve spend
    proposals, with a maximum approval limit of 10,000 DOT.
    - Voice of Fellows ranked at 4 or above can also reject or approve spend
    proposals, with a maximum approval limit of 10,000,000 DOT.
    
    Additionally, we introduce the Asset Rate Pallet Instance to establish
    conversion rates from asset A to B. This is used to determine if a
    proposed spend amount involving a non-native asset is permissible by the
    commanding origin. The rates can be set up by the Root, Treasurer
    origins, or Voice of all Fellows.
    
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    Co-authored-by: default avatarjoe petrowski <[email protected]>
    Co-authored-by: default avatarjoepetrowski <[email protected]>
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