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The Gavin Effect
The Polkadot Treasury had its first positive quarter since the start of OpenGov: 1.6m DOT profit
The new Polkadot Treasury report just dropped. It shows the positive effect a voice of reason with the support of big bags has.
Thread with ALL THE CHARTS 👇🧵

Expenses
2025-Q4 was the lowest spending quarter since the introduction of OpenGov. Only 7.4m USD were spent.

The Polkadot spending distribution in Q4 focused 1/3 on development, 1/4 on outreach, 1/6 on operations.


The Polkadot Treasury holds DOT and 3 different stables: USDC, USDT, and HOLLAR (the @hydration_net stablecoin)

The Polkadot Treasury manages funds across several different chains, including @hydration_net and @Bifrost

The balance sheet has been growing in DOT thanks to being more conservative. But the USD equivalent value has diminished significantly in Q4 due to the declining DOTUSD rate. A risk that is more and more being mitigated by diversification into stables.


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