The 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 Polkadot/Kusama 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 Kusama proposal (up for vote by the community on OpenGov) can be found here.
If approved by Council, this proposal will be up for vote after by the community in referenda queue. @Councillors: please review and vote at your convenience!