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Treasury Proposal: Snowbridge Funding Proposal [this proposal will not enact successfully if approved: more info below]

inTreasurer
3 years ago
Rejected

As we navigate OpenGov, we re finding new things: it seems referendum #1 wont enact succesfully, because the call we used (treasury.ApproveProposal) will only be enacted successfully with root origin.

We will need to resubmit this proposal:

  1. on Treasurer track (same one)
  2. with the call treasury.Spend (including the amount in KSM for the allocation)

We are working with the team to resubmit.


Original treasury submission: HERE

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.

Hash: 0xfae1763e293099ff7858ddf848255fb05efb10b973f49886b5b213b2981fb111

Comments (1)

2 years ago

Hello,

We are in the process of validating a true need for a service to assist teams with crafting and completing successful treasury proposals, so they can focus on building. We would love to hear about your experience with this proposal. If you are willing to take a few minutes, please fill out this form about your experience with the OpenGov treasury proposal process: https://forms.gle/MwDij4adXEQd7Um79

Feel free to leave out any details that your team is not comfortable with sharing, but the more info you can provide, the better we will be able to assess the potential need for our services.

For more info, follow us on Twitter/X: https://twitter.com/OpenGovAssist

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Proposal Failed

Summary

0%

Aye

AyeNay

0%

Nay

Aye (497)0.0 DOT

Support0.0 DOT

Nay (205)0.0 DOT

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