https://polkadot.subsquare.io/referenda/1695
- Snowbridge is a bridge between Polkadot and Ethereum, working well for over a year.
- It connects with 24 parachains and apps, holding over $75M in value.
- The team wants to upgrade it (V2), add support for Ethereum L2 chains, and make it faster.
- They also plan better marketing and easier tools for developers.
- The total cost is $2.8M, split into payments.
- Most funds will be in stablecoins, with some in DOT later.
- The DOT payment shows the team believes in Polkadot’s success.
- OpenGov can stop payments if goals aren’t met.