- Snowbridge is a new bridge that connects Polkadot and Ethereum, launched recently with no problems.
- It is designed to work without needing a third party, making it safe and trustworthy.
- Snowbridge is important because it helps different blockchains communicate better.
- The team has already started working with other partners to grow the network.
- A proposal has been made to finalize payments for the team's work and future tasks, totaling about $10 million.
- This proposal includes funds for costs like auditing and team incentives to ensure future success.
- They aim to ensure safety for users of the bridge with long-term insurance guarantees.  
- People can try out Snowbridge using their app.

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**

- Phink is a free tool that helps make ink! smart contracts safer in the Polkadot ecosystem.
- It uses advanced techniques to find problems in smart contracts, making them more secure.
- Phink checks for specific rules to make sure contracts work correctly and don’t have bugs.
- It is flexible and works well with different versions of ink! smart contracts.
- The tool is easy to use, with a friendly interface that shows how the contract is performing.
- The team, SRLabs, is asking for money to help build Phink and improve smart contract security.
- They want feedback from the Polkadot community to make sure Phink meets everyone's needs.

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.

Treasury Spends