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Discussion#3305
Referendum#1682

Replaced by: https://polkadot.polkassembly.io/referenda/1695

inBig Spender
4 months ago
Rejected

Update Aug 5th: We have created a new proposal that addresses much of the feedback for this proposal here: https://polkadot.polkassembly.io/post/3313

Please check out our new proposal

Comments (9)

4 months ago

Team ParaSpell✨ is working closely with team Snowbridge on allowing developers to integrate bridge functionality into their dapps with ease, so that the users can enjoy moving assets to/from Ethereum with ease.

Our experience with the Snowbridge team is very pleasant, and they react to our support questions very promptly. The tech they built is solid, and vital for the ecosystem.

With kind regards,
Team ParaSpell✨

4 months ago

Polkadot's raison d'être is interoperability, and this remains its primary selling point. The long-term success of Polkadot is highly correlated with the success of its cross-ecosystem solutions: Snowbridge and Hyperbridge. So it's critical to continue supporting these two initiatives.

Specifically on this proposal:
There is a vast list of other Polkadot ecosystem projects that already rely on Snowbridge for Ethereum interoperability, and I find the terms offered by this latest proposal very favorable to Polkadot's community, especially considering that the prior rejected referendum was already aligned with the plan that voters had previously agreed upon in all past Snowbridge referenda.

In my years of working alongside the Snowbridge team, I found them to be highly knowledgeable about both Ethereum and Polkadot tech stacks, and efficient in their execution, given the complex challenges that cross-ecosystem interoperability represents.

I also like the pure DOT request: it both reduces the exchange-rate risk for the community, and provides a long-term incentive alignment for the team, especially given the high correlation between the success of Polkadot and its interoperability solutions, as mentioned above.

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Requested

DOT
832.51K DOT

Proposal Failed

Summary

0%

Aye

AyeNay

0%

Nay

Aye (20)0.0 DOT

Support0.0 DOT

Nay (37)0.0 DOT

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