This proposal is to top up our approved request from REF #657, as due to the fluctuation of the DOT price, we received 25.28% less.

Proposal Ref 657 was submitted on [April 9th](https://polkadot.subscan.io/block/20264546). We requested 8,420 DOTs. At that time, the price of DOT was $8.97, which translates to $75,527.40 ( we asked for $75,500.00). 

We received the funds on [May 12](https://polkadot.subscan.io/block/20264546), where the price of DOT was $6.70 = $56,414.00. 

This means we are $19,086.00 short due to the high price volatility of DOT. We did not expect this high volatility. And we also didn't allocate a 10% buffer, as is often done in most proposals (we only planned to refund any surplus to the treasury).

Based on Subscans EMA30 DOT price of $7.093 ( as of May 17th), we are making a top-up request of 2,960 DOTs (2,691 DOTs + 269 DOTs as a 10% buffer due to the high price volatility of DOT). The buffer is to avoid another situation like the one we encountered. [Here](https://docs.google.com/spreadsheets/d/10nQt86n1ofRIgov9B1Q5OhNBlN3wvOtHjWi8CpUROsY/edit?usp=sharing), you can see the Excel spreadsheet with the calculations. 

Any extra amount received will be returned to the treasury. 


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This proposal is a top-up for the remaining funds of REF #657 which was underpaid by 25.28% due to the fluctuation of DOT.

amount

beneficiary

- **Problem Statement:** Request for a top-up due to a 25.28% shortfall in funds from a previous approved request (REF #657) caused by the high price volatility of DOT.
- **Significance:** The unexpected price fluctuation of DOT resulted in a $19,086.00 deficit, emphasizing the need for a buffer to mitigate future volatility risks.
- **Proposed Solution:** Requesting a top-up of 2,960 DOTs (2,691 DOTs + 269 DOTs buffer) to cover the shortfall and account for potential price fluctuations.
- **Expected Outcomes:** Mitigating financial risks by incorporating a buffer, ensuring sufficient funds for the intended project, with any surplus returned to the treasury.

#789 Top-up of Proposal 657 due to DOT price change.

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