### Snowbridge Summary

- **Launch**: Snowbridge, a trustless bridge between Polkadot and Ethereum, has been live for two weeks with growing usage.
- **Purpose**: It enhances interoperability in the Polkadot ecosystem without third-party involvement.
- **Integrations**: Snowbridge has completed several integrations and plans more with various parachains.
- **Treasury Proposal**: The team seeks final payments for completed milestones and operating costs, totaling around $5.8 million.
- **Payments**: Includes audit costs, operational expenses, milestone bonuses, and incentives for successful operations.
- **Insurance**: The proposal includes medium-term insurance guarantees for bridge users.
- **Demo**: You can try Snowbridge [here](https://app.snowbridge.network/).
- **Full Proposal**: Detailed information is available [here](https://spinamp.mypinata.cloud/ipfs/QmRSkK7YVbnTDYCsgWhyfvDydtbSi1uyWDbRDrxPvnPzmi).

Snowbridge, a trustless bridge between Polkadot and Ethereum, has launched and completed its milestones. They propose a payment of 505157 DOT and 2812500 USDC (~5,797,500 USD) for audit and operational costs, milestone completion bonuses, and successful operation incentives. The proposal adds additional controls on team incentives and medium-term insurance guarantees for bridge users. The proposal details can be found at https://spinamp.mypinata.cloud/ipfs/QmRSkK7YVbnTDYCsgWhyfvDydtbSi1uyWDbRDrxPvnPzmi.

Snowbridge Launch and Treasury Proposal

### Phink, the ink! Fuzzer

- **Purpose:** Phink is an open-source tool for testing ink! smart contracts in the Polkadot ecosystem.
- **Developer:** Created by Security Research Labs (SRLabs).
- **Features:** Uses advanced fuzzing techniques to find vulnerabilities in smart contracts.
- **Goals:** Improve security, support invariant testing, and ensure compatibility across different environments.
- **Accessibility:** Open-source with tutorials and documentation for easy use.
- **Interface:** User-friendly with visualizations for code coverage and testing results.
- **Funding:** SRLabs seeks funding to develop and enhance Phink.
- **Community Involvement:** Invites feedback to improve the tool and smart contract security.

SRLabs proposes to develop an open-source fuzzing tool, Phink, for ink! smart contracts in the Polkadot ecosystem. The tool aims to enhance security testing, comprehensive invariant testing, broad compatibility, and user-friendliness. SRLabs seeks funding for the development of the tool, including a fuzzing harness, custom instrumentation, user-friendly interface, and documentation. The proposal invites feedback from the Polkadot community.

Phink – ink! fuzzer for security and robustness  

- The writer is requesting compensation for creating a document that proposes a new structure for the Polkadot Ambassador Program.
- The document took around 4 hours to create, and the writer is asking for $50 per hour, totaling $200.
- The writer believes this rate is justified due to their technical experience in the Polkadot space.
- The document aims to show how easy it is to contribute to Polkadot and earn rewards, potentially leading to becoming an ambassador.
- The writer thinks the value generated by the document exceeds $200.
- The decision on whether to approve the compensation is left to DOT holders.
- Evidence of the time spent creating the document can be found in the version history of the HackMD page.

WHO: The author of the TIP proposal. 

WHAT: Requesting compensation for the time spent writing a proposal for a new structure to the Polkadot Ambassador Program. 

PRICE/TIMEFRAME/RESOURCES: $50 per hour for approximately 4 hours of work. The author believes the value generated by the document is more than $200, but leaves it to DOT holders to decide.

[Small Tipper] Referendum #1025 - Creating a new vision for Polkadot Ambassador Program

- **Polkasafe** is a tool for managing assets on the Polkadot network using multisig security.
- It has completed milestone tasks to become a complete asset management solution.
- Features include on-off ramp support, dashboard, accounting integration, and more.
- The product is open-source and will continue to be improved.
- Future plans include improving performance and user experience.
- Polkasafe aims to serve various use cases for asset custody and organization management.
- The team will provide ongoing support and maintenance.
- The complete proposal can be read [here](https://docs.google.com/document/d/1RE08ommHvoNsINUfTUKj6XGYomplBPSYSL7g-pMjo2I/edit).

Polkasafe completed all milestone tasks to become a complete solution for asset management using multisig on Polkadot networks. They offer a comprehensive set of tools and features for managing assets on the Polkadot network. They completed all milestones and plan to improve the product performance further. The entire tech stack for the product is open source. Read the complete proposal for more details.

Polkasafe - The 360° multisig solution for Polkadot | Last Retroactive Funding Proposal

### Summary of Ref#582

- **Initial Request**: $165,000 for Coretime Marketplace development.
- **Milestones**: Completed first milestone, nearing second.
- **Deployment**: Parachain deployed on Rococo, Coretime trading to follow.
- **Payment Issue**: Received $116,446 due to DOT price drop to $6.69.
- **Top-up Request**: $48,554 to cover the price difference.

WHO: The proposal was made by the Coretime team.

WHAT: The team is requesting a top-up of $48,554 USDT to cover the price difference for the development of a Coretime Marketplace for Polkadot.

PRICE/TIMEFRAME/RESOURCES: The initial request was for $165,000 at 9.478$ per DOT. The team received $116,446 at 6.69$ per DOT. The top-up request is for $48,554 USDT. No timeframe or additional resources were mentioned.

Top Up | RegionX Coretime Marketplace for Polkadot

- **StorageHub** is a decentralized storage solution developed by Moonsong Labs, funded by the Web3 Foundation.
- It is designed to work seamlessly with Polkadot, focusing on scalability and interoperability.
- StorageHub uses a **Dual Provider Model** with Main and Backup Storage Providers to ensure data availability.
- It simplifies payments through continuous streams, making it easier for users.
- The project aims to support the growth of the Polkadot ecosystem and foster new decentralized applications.
- An audit by SRLabs is proposed to ensure the codebase meets high security standards.
- Feedback from the community is sought to improve the proposal and features.

Moonsong Labs received a grant to develop StorageHub, a decentralized storage solution for Polkadot. They are seeking funding for an audit of the codebase by SRLabs to ensure security and reliability. No specific price or timeframe is mentioned.

StorageHub’s Codebase Audit

Referendum 631 top up due to DOT price change

### Summary

- **ink! analyzer** is a tool for analyzing [ink!](https://use.ink) smart contracts, similar to how [rust-analyzer](https://github.com/rust-lang/rust-analyzer) works for Rust.
- It helps developers by providing intelligent editing features and understanding ink! contract rules.
- The tool is available as a [Visual Studio Code extension](https://marketplace.visualstudio.com/items?itemName=ink-analyzer.ink-analyzer) with over 415 unique installs.
- It has a modular architecture that allows it to be used in various IDEs and code editors that support the Language Server Protocol (LSP).
- The current proposal requests $56,750 for adding ink! 4.x to 5.0 migration features and other improvements.
- Previous funding for the project came from Web3 Foundation grants and a retroactive treasury proposal.
- The author, David Semakula, is an experienced software engineer and systems architect with contributions to both rust-analyzer and ink!.

WHO: David Semakula
WHAT: Requests retroactive funding of $56,750 for adding ink! 4.x to 5.0 migration features and other major improvements to ink! analyzer.
TIMEFRAME: Not specified.
RESOURCES: ink! analyzer, modular and reusable libraries and tools for semantic analysis of ink! smart contracts.

ink! Analyzer: Retroactive funding for ink! 4.x to 5.0 migration features, and other major improvements (56,750 USDT)

### Polkadot Fellowship Introduces New `spend()` Extrinsic

- **New Feature**: The Polkadot Fellowship has introduced a new `spend()` extrinsic with the Polkadot Runtime 1.1 upgrade.
- **Capabilities**: This extrinsic supports multi-asset Treasury spends (e.g., DOT, USDT, USDC) from an XCM multi-location (e.g., AssetHub) and can be paid out at a specific block.
- **Benefits**: It enables instant payments, reduces exchange rate risk by paying proposers in USD stables, and allows setting up payment plans with scheduled payouts.
- **Testing Proposal**: A proposal aims to test this new feature by sending 69 USDT to Alice and Bob on AssetHub.
- **Corrections Needed**: Previous instructions had errors, leading to a wrongful proposal. This new proposal aims to correct those mistakes.
- **Technical Details**: The call involves a V3 MultiLocation pointing to AssetHub, with a specific AssetID for USDT and an amount of 69,000,000 (USDT with 6 decimals).
- **Beneficiary**: The funds will be sent to Polkalytics, the company account of Alice and Bob.

The proposal aims to raise awareness and test the new `spend()` extrinsic introduced by the Polkadot Fellowship, which supports multi-asset Treasury spends from an XCM multi-location to be paid out at a specific block. The proposal suggests sending 69 USDT to Alice and Bob's Polkalytics account to test the extrinsic. No timeframe or additional resources are mentioned.

Treasury Spends