Polkadot’s new strategy passes with 97% support, shifting focus to products for everyday users.
The Polkadot Community Foundation said its proposed new strategy was approved with 97% of the vote in an on-chain governance referendum on November 11. The focus is shifting from infrastructure development to products for everyday users. The foundation plans to launch a mobile app supporting private communications and digital cash payments, with the platform centered on the dotStables stablecoin series. The first, dotUSD, will be pegged to the US dollar and backed by DOT. The foundation said it hopes to drive demand for DOT through real-world use, and will make user numbers and product usage its main progress indicators, directing more marketing funds toward incentives that can measurably increase user engagement.
· The approval rate reflects only the governance vote result; no launch date or issuance size has been announced for dotUSD.
· Driving demand for DOT through usage is the foundation’s stated goal; the materials provide no quantified plan for achieving it.
Would you rather see dotUSD’s collateral rules first, or the mobile app’s launch date?
$DOT #Polkadot
The Polkadot Community Foundation said its proposed new strategy was approved with 97% of the vote in an on-chain governance referendum on November 11. The focus is shifting from infrastructure development to products for everyday users. The foundation plans to launch a mobile app supporting private communications and digital cash payments, with the platform centered on the dotStables stablecoin series. The first, dotUSD, will be pegged to the US dollar and backed by DOT. The foundation said it hopes to drive demand for DOT through real-world use, and will make user numbers and product usage its main progress indicators, directing more marketing funds toward incentives that can measurably increase user engagement.
· The approval rate reflects only the governance vote result; no launch date or issuance size has been announced for dotUSD.
· Driving demand for DOT through usage is the foundation’s stated goal; the materials provide no quantified plan for achieving it.
Would you rather see dotUSD’s collateral rules first, or the mobile app’s launch date?
$DOT #Polkadot
