This proposal is to replace and recover a failed treasury spend that Snowbridge submitted earlier this year. The spend was for a past proposal that failed because at the time when it was claimed, there was not enough USDC in the Asset Hub treasury.

The claim extrinsic was successfully submitted to Polkadot, but then when the XCM was sent to AssetHub to transfer the funds, the transfer failed due to insufficient USDC.

Unfortunately, we cannot retry the claim since Polkadot marked it as successful, even though the XCM failed.

The original approved treasury spend is here: https://polkadot.subscan.io/treasury_spend/29

The treasury.spend extrinsic that succeeded on Polkadot: https://polkadot.subscan.io/extrinsic/25613045-2?tab=event

The corresponding XCM message that was processed (and failed) on AssetHub due to insufficient USDC: https://assethub-polkadot.subscan.io/block/8652209?tab=event&event=8652209-7 - the XCM message queue was processed correctly, but within the event one can see that the message itself was not successful.

This proposal creates a new spend, the same as the original one, ie, 312,500 USDC