1. Lowers the cost of bridge transfers from Polkadot to Ethereum from `~6.12 DOT` to `~1.49 DOT`.
2. Register the Ether asset on Asset Hub in preparation for the [Support Native Ether](https://github.com/polkadot-fellows/runtimes/pull/548) feature ahead of fellowship runtime release [v1.4.0](https://github.com/polkadot-fellows/runtimes/issues/527).
3. Ether is made sufficient and the minimum balance is `15000 Gwei`.
4. Ether metadata: Name = `Ether`, Symbol = `ETH`, Decimals = `18`.

For detail into what the proposal does, how it was created and tested, please read: https://github.com/polkadot-fellows/runtimes/issues/560

- **Problem Statement:** 
  - Reducing the cost of bridge transfers from Polkadot to Ethereum for the community.

- **Significance:** 
  - Lowering the cost from `~6.12 DOT` to `~1.49 DOT` makes cross-chain transactions more affordable and accessible.

- **Proposed Solution:** 
  - Registering Ether on Asset Hub and setting a minimum balance of `15000 Gwei` in preparation for the Support Native Ether feature.

- **Expected Outcomes:** 
  - Enhanced efficiency and cost-effectiveness in transferring assets between Polkadot and Ethereum networks.

#1400 Snowbridge: Register Ether Asset and Lower Bridge Fees

No Active Proposals