Polkadot OpenGov Proposal No. 231 proposes to use the fixed investment function of Polkadot ecological exchange HydraDX to regularly exchange a part of the DOT in the treasury for USDT and accumulate it, which will be used to pay salaries to Technical Fellowship members.
The total exchange amount of this exchange plan is 469,000 DOT, and the handling fee accounts for approximately 0.4% of the total exchange amount. Exchange every 36 minutes or so, get 250 USDT for each transaction, and get 10,000 USDT every day. At current prices, the redemption program is expected to last 180 days. The purpose of small and frequent exchanges is to reduce the impact of price fluctuations. Currently, the approval rate of the referendum (Approval Rate) is 64.3%, and it is in the decision-making period (ends in 19 days and 21 hours).