On-chain governance action (Treasury Withdrawals).
Bitcoin is the largest pool of capital in crypto, yet most BTC still sits outside DeFi because moving it off the Bitcoin base layer still requires security trade-offs many holders are not willing to accept. Cardano is structurally well suited for Bitcoin DeFi, but it lacks the secure BTC rail needed to compete for that liquidity.
Bifrost is designed to provide that rail: a permissionless Bitcoin-Cardano bridge secured by Cardano’s existing SPO ecosystem that brings BTC onto Cardano as a native Cardano asset that applications can integrate into trading, lending, collateral, and other financial use cases. The bridge is on testnet today under Catalyst Fund 14.
This proposal funds Phase 1 of 2: the work required to take Bifrost from a working testnet to launch readiness. It covers hardening, security audits, formal verification, ecosystem and partner readiness, and the stewardship and economic foundations required for launch. Public rollout and 24 months of operations are intentionally separated into a Phase 2 proposal in Q1 2027, once the bridge has been proven on-chain.
FluidTokens and Lantr Engineering request ₳12,332,031 (approx, $1,973,125 at 0.16 USD/ADA, including a 10% refundable contingency) from the Cardano Treasury for a 9-month delivery period from July 2026 to March 2027.
By the end of Phase 1, Bifrost will be an audited bridge running on Cardano mainnet in both custody modes (federated and SPO threshold) under controlled access, together with the stewardship structure, hardened economic model, and SPO/dApp partner pipeline required for public launch.
For Cardano, that means a proven secure rail into Bitcoin liquidity, ready to be opened to the public in Phase 2, and a credible position from which to compete for one of the largest pools of capital in crypto.
- Proposer return address:
stake1u8xvfz9ycfyn7uenfnhljpnupqcdxmh6excx6hjrmvfjspsf6q5p8 - Deposit: 100,000 ₳
- Submitted: epoch 640
- Expires: epoch 647