This proposal is now up for vote! aiming to cover the development of Snowbridge by the Snowfork team: a fully trustless, permissionless and general purpose bridge between Kusama/Polkadot and Ethereum. The bridge will launch on the Bridge Hub, a common-good parachain that is being developed by Parity for Kusama and Polkadot. This proposal is a funding request for 28 months worth of long term runway for all operations for the Snowbridge team (16 months retroactive, 12 months in future), with the goal to launch as a common-good bridge on the Bridge hub on both Polkadot and Kusama.
The full proposal can be reviewed on the post and includes extensive additional details related to further motivation for supporting and promoting Snowbridge, a long term roadmap, governance and economic plans as well as long term economic incentives for successful execution, launch and running of the project. Please note that both networks are voting on the project: the Polkadot proposal (up for vote by the council as external motion and later by the community if approved) can be found here.
A proposal for funding the development of Snowbridge by the Snowfork team is up for vote.
Snowbridge is a bridge between Kusama/Polkadot and Ethereum that is fully trustless, permissionless and general purpose.
The proposal is for 28 months worth of funding for the Snowbridge team, with the goal to launch as a common-good bridge on the Bridge hub on both Polkadot and Kusama.
The full proposal includes details related to motivation, roadmap, governance, economic plans, and incentives for successful execution.
Both networks are voting on the project: the Polkadot proposal can be found on the Polkadot website.