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Unverified Commit da40d97a authored by Muharem Ismailov's avatar Muharem Ismailov Committed by GitHub
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Westend: Fellowship Treasury (#2532)



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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