**Context**

* In [<u>Referendum #748</u>](https://polkadot.polkassembly.io/referenda/748) the Treasury loaned **50 000 DOT** to Pendulum so the Spacewalk bridge could post 200 % collateral for Stellar ↔ Polkadot transfers.


* Since then the bridge has gone live and SatoshiPay released **Vortex**, a fiat off-ramp that lets users swap Stellar-based stablecoins into **EUR, ARS** and **BRL** (via Moonbeam for EVM chains). Vortex has now cleared **more than US $1.5 million** in transactions across Europe and Brazil.


* To cut collateral costs and improve efficiency, an **alternative BRL corridor** has already been enabled by routing transfers through the Polkadot-native **BRLA.digital** stablecoin on Moonbeam.&#x20;


* **Work under way** on further collateral-free paths across networks



**Ask**

We propose a **symbolic Treasury motion with a 1 DOT transfer to the Treasury** that signals an extension of the existing 50 000 DOT loan by **six months (to 31 Jan 2026)**. Repaying now and re-requesting later would force a temporary scale-down of bridge capacity and interrupt EUR/ARS fiat ramps.

* The DOT stays in the same multisig and remains **staked** as vDOT during the extension.


* We want to extend the loan duration by six months so that we can keep the current paths via Spacewalk operational, while we are establishing other collateral-free routes for Vortex. Principal will be returned once collateral-free routes fully replace the original Stellar vaults.



Please **vote Aye** if you support keeping the loan active so the bridge and Vortex off-ramp can continue to operate without disruption while alternative routes are finalised.

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least `amount`.

### Details
NOTE: For record-keeping purposes, the proposer is deemed to be equivalent to the
beneficiary.

### Parameters
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The destination account for the transfer.

## Events

Emits [`Event::SpendApproved`] if successful.

#1687 Extend 50 000 DOT Collateral Loan for Spacewalk Bridge (Ref #748) – 6-Month Roll-Over

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