Snowfork has returned to the Polkadot treasury with a second attempt to secure ongoing funding for Snowbridge. It is requesting 832K DOT to cover retroactive milestones and 12 months of future development.
Due to a very large DOT withdrawal on Hydration, GDOT prices and DOT lending rates experienced some volatility this week. Referendum 219, now passed, aimed to reduce DOT lending rates by adjusting the Reserve Factor to 10% and Optimal Usage to 85%.
Bifrost has initiated Polkadot Wish for Change Referendum 1778 to explore the idea of diversifying the treasury into revenue-generating parachain tokens such as bbBNC and HDX.
