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 aims to position Polkadot as the preferred blockchain for digitizing financial and real-world assets, competing with major institutions like BlackRock, JP Morgan, Barclays, and Citibank. The initiative is led by Ben Sheppard and Stanley Boots, who have extensive experience in traditional finance and blockchain technology. Their goal is to integrate Polkadot into sectors such as finance, sustainability, real estate, food and beverage, and healthcare by establishing thought leadership, engaging through digital media, creating content, facilitating new RWA players, building community support, and developing strategic partnerships.

 OpenZeppelin Contracts Libraries Support for Polkadot & PolkaVM.

Open-Source Services for Starting and Scaling.

Parachain Runtimes.

Developer Community Activations.

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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.

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

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