Snowfork announces that Snowbridge, the trustless Ethereum<>Polkadot bridge, is now live on Polkadot.
In the first release the focus in on transferring ETH and ERC20 assets between Ethereum and Polkadot. An initial scale test is running for the first two weeks, with admin features enabled for upgrades and bug fixes. The bridge will go fully trustless using cross-chain governance after this period.
Snowbridge assets are not supported on Talisman, SubWallet, and Nova Wallet yet, but balances can be viewed and transferred on the Snowbridge website.
Bridging Polkadot-native assets is expected to be enabled in the next few months at the same time that the arbitrary messaging feature is released.
Stay tuned for news about a new governance proposal for long-term funding of Snowbridge and a liquidity program.