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.