https://polkadot.subsquare.io/referenda/1587

Snowbridge is a trustless bridge in the Polkadot ecosystem that has been live for almost a year with no on-chain issues. It has become critical to the Polkadot ecosystem and is the longest-running and most complex public goods project outside of Parity. This proposal covers the next year of spends for the final 12 milestone payments and team incentives from June 2025 to June 2026. It also renews the insurance and bug bounty programs for further incentive alignment.

Key points:

• Snowbridge has a total value locked of around $63 million.
• There are about 24 ecosystem integrations with parachains, wallets, apps, and other services across the Polkadot ecosystem.
• The team has shipped many features and improvements for Snowbridge over the last year, including cost and performance improvements, developer tooling for integrations, and a major re-architecture into Snowbridge V2.
• The proposal includes a total payment of 254,064 DOT and 4,062,500 USDC, covering milestone completion bonuses, successful operation incentives, and insurance and bug bounty payments.