If passed Polkadot OpenGov Referendum 1468 will upgrade the Snowbridge Gateway contract on Ethereum, enabling the bridging of native unwrapped ETH to Polkadot, and native assets, such as DOT, to Ethereum.
In Big Spender referendum 1587 Snowfork is requesting a $5M USD equivalent in vested payments for completed milestones and 12 months of operational costs of Snowbridge. The payments allocated to operational costs and team incentives ($3.75M) will be held in the Insurance and Bug Bounty Coverage wallet, vested over 12 months. Funds may be diverted to reward identifiers of vulnerabilities, or compensate victims of a bridge exploit.
