Based on a current discussion around Centrifuge’s future development, its community has opened CP141: to initiate the development of Centrifuge V3, a multi-chain, EVM-based protocol
Abstract: This proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a multi-chain system, this next-generation protocol will introduce features such as chain abstraction, modularity for diverse assets and investors, and enhanced composability with DeFi. The protocol will also migrate governance and CFG token support to an EVM chain, aligning with the ecosystem where the majority of Centrifuge’s activity already resides. This initiative positions Centrifuge to lead the rapidly growing RWA space and meet the evolving needs of institutions and DeFi participants.
Based on the info provided, if this proposal is accepted, the technology of Centrifuge will move from a Polkadot parachain to an EVM-based protocol. Polkadot is currently adding EVM support to Asset Hub, and Centrifuge can choose to deploy its protocol on Asset Hub once this is live. From the discussion, it is not clear whether Centrifuge will deploy its protocol on Polkadot Asset Hub or not: This wish for change proposal aims to condition the transfer of funds from PCF to Centrifuge related instruments subject to the requirement that the Centrifuge protocol is migrated to Polkadot Asset Hub, with special attention to past approved proposals on relay chain governance.
https://polkadot.subsquare.io/referenda/referendum/1122
WFC: The Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under https://polkadot.subsquare.io/referenda/referendum/1122 until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11 and subsequent discussions / proposals in Centrifuge governance.
The system.remarkWithEvent has been hashed due to being too long, you can verify it by checking the preimage
0xfb2f0a1ed92ce82767ce65e8294296c39ad5e7ecbbd3c130ccde890b5700c32d
Or you can see the plain text on SubSquare:
https://polkadot.subsquare.io/referenda/1441
system.remarkWithEvent:
Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under https://polkadot.subsquare.io/referenda/referendum/1122 until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11 and subsequent discussions / proposals in Centrifuge governance.
Based on a current discussion around Centrifuge’s future development, its community has opened CP141: to initiate the development of Centrifuge V3, a multi-chain, EVM-based protocol
Abstract: This proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a multi-chain system, this next-generation protocol will introduce features such as chain abstraction, modularity for diverse assets and investors, and enhanced composability with DeFi. The protocol will also migrate governance and CFG token support to an EVM chain, aligning with the ecosystem where the majority of Centrifuge’s activity already resides. This initiative positions Centrifuge to lead the rapidly growing RWA space and meet the evolving needs of institutions and DeFi participants.
Based on the info provided, if this proposal is accepted, the technology of Centrifuge will move from a Polkadot parachain to an EVM-based protocol. Polkadot is currently adding EVM support to Asset Hub, and Centrifuge can choose to deploy its protocol on Asset Hub once this is live. From the discussion, it is not clear whether Centrifuge will deploy its protocol on Polkadot Asset Hub or not: This wish for change proposal aims to condition the transfer of funds from PCF to Centrifuge related instruments subject to the requirement that the Centrifuge protocol is migrated to Polkadot Asset Hub, with special attention to past approved proposals on relay chain governance.
https://polkadot.subsquare.io/referenda/referendum/1122
WFC: The Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under https://polkadot.subsquare.io/referenda/referendum/1122 until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11 and subsequent discussions / proposals in Centrifuge governance.
The system.remarkWithEvent has been hashed due to being too long, you can verify it by checking the preimage
0xfb2f0a1ed92ce82767ce65e8294296c39ad5e7ecbbd3c130ccde890b5700c32d
Or you can see the plain text on SubSquare:
https://polkadot.subsquare.io/referenda/1441
system.remarkWithEvent:
Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under https://polkadot.subsquare.io/referenda/referendum/1122 until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11 and subsequent discussions / proposals in Centrifuge governance.
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