On April 18, Chainalysis submitted a governance proposal to Polkadot, potentially leading to a $10 million partnership. The proposal outlines Chainalysis's services, including monitoring and tracing DOT token activities on the Relay Chain to provide visibility of on-chain actions to regulators and institutions. This aims to uphold regulatory compliance and promote a risk-aware environment.

Chainalysis also plans to offer on-chain intelligence solutions to meet institutional needs related to DOT token listings, covering investigations, compliance, and growth use cases. The partnership would involve joint events, announcements, and case studies to highlight Chainalysis's role in supporting Polkadot's compliance framework.

The proposal requests 1,000,000 DOT tokens or their equivalent value in USD (approximately $6.82 million) for a three-year agreement, with Chainalysis as the beneficiary if approved. However, the proposal has received limited support from the Polkadot community. Despite initial funding from a Polkadot ambassador, 11 voters have opposed the plan.

If approved, the partnership could bring several benefits, including improving market capitalization, market share, adoption, and institutional popularity for Polkadot. It would also help prevent fines and reputational damage resulting from regulatory issues.