Polkadot Governance Approves Product Strategy With 97% Support

Polkadot’s decentralized governance system approved a product strategy Wednesday, Nov. 11, with 97% support, centering its upcoming product platform on direct user acquisition and use of dotStables to build demand for DOT.

Proposed by the Polkadot Community Foundation (PCF), the strategy directs effort and resources to the product platform. It describes the platform as an application layer that prioritizes user privacy and data rights, with free offerings, simple usernames and mobile-first use. Users would decide how much of their data to share.

PCF plans to use the Polkadot App for the platform’s first mobile-focused offering, with private messaging and digital cash payments. The strategy also calls for shifting shared funds and resources from general marketing services to incentives tied directly to measurable user participation. Under DOTDAO authorization, spending is intended to support product growth.

The dotStables plan starts with dotUSD, a dollar-tracking stable-value asset. The strategy aims to connect use of these assets to demand for DOT. The Polkadot Technical Fellowship will oversee dotUSD and other dotStables, alongside independent audits and risk management.

The approval follows an earlier proposal to shift Polkadot’s growth strategy to on-chain incentives. dotUSD launched on Polkadot’s mainnet in October with an initial design that let users mint and redeem it against Tether (USDT).