This proposal is to replace and recover a failed treasury spend that Snowbridge submitted earlier this year. The spend was for a past proposal that failed because at the time when it was claimed, there was not enough USDC in the Asset Hub treasury.

The claim extrinsic was successfully submitted to Polkadot, but then when the XCM was sent to AssetHub to transfer the funds, the transfer failed due to insufficient USDC.

Unfortunately, we cannot retry the claim since Polkadot marked it as successful, even though the XCM failed.

The original approved treasury spend is here: [https://polkadot.subscan.io/treasury\_spend/29](https://polkadot.subscan.io/treasury_spend/29)

The **treasury.spend** extrinsic that succeeded on Polkadot: [https://polkadot.subscan.io/extrinsic/25613045-2?tab=event](https://polkadot.subscan.io/extrinsic/25613045-2?tab=event)

The corresponding XCM message that was processed *(and failed)* on AssetHub due to insufficient USDC: [https://assethub-polkadot.subscan.io/block/8652209?tab=event\&event=8652209-7](https://assethub-polkadot.subscan.io/block/8652209?tab=event\&event=8652209-7) - the XCM message queue was processed correctly, but within the event one can see that the message itself was not successful.

This proposal creates a new spend, the same as the original one, ie, **312,500 USDC**

This proposal is to replace and recover a failed treasury spend that Snowbridge submitted earlier this year. The spend was for a past proposal that failed because at the time when it was claimed, there was not enough USDC in the Asset Hub treasury.

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

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

#1696 Replace and Recover Failed Treasury Spend

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