Based on a current discussion around Centrifuge&rsquo;s future development, its community has opened CP141: to initiate the development of Centrifuge V3, a multi-chain, EVM-based protocol
<a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a>
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&rsquo;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.
<a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a>
WFC: The Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under <a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a> until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of <a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a> and subsequent discussions / proposals in Centrifuge governance.
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The system.remarkWithEvent has been hashed due to being too long, you can verify it by checking the preimage&nbsp;
0xfb2f0a1ed92ce82767ce65e8294296c39ad5e7ecbbd3c130ccde890b5700c32d Or you can see the plain text on SubSquare:&nbsp;
<a href="https://polkadot.subsquare.io/referenda/1441">https://polkadot.subsquare.io/referenda/1441</a>
system.remarkWithEvent: 
Polkadot Community Foundation (PCF) shall not transfer funds to Centrifuge related instruments that was previously approved under <a href="https://polkadot.subsquare.io/referenda/referendum/1122">https://polkadot.subsquare.io/referenda/referendum/1122</a> until the continuation of the existence of Centrifuge in the Polkadot ecosystem is confirmed after the finalisation of <a href="https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11">https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11</a> and subsequent discussions / proposals in Centrifuge governance.
&nbsp;

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

[https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11](https://gov.centrifuge.io/t/cp141-initiate-the-development-of-centrifuge-v3-a-multi-chain-evm-based-protocol/6734/11)

**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](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](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](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](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](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](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.

Make some on-chain remark and emit event.

- **Problem Statement:** Centrifuge's community is proposing the development of Centrifuge V3, a multi-chain, EVM-based protocol, potentially moving away from Polkadot to an EVM chain.
- **Significance:** The proposal aims to enhance Centrifuge's capabilities, align with the majority of its activity, and lead in the growing RWA space.
- **Proposed Solution:** Develop Centrifuge V3, introducing chain abstraction, modularity, and enhanced DeFi composability.
- **Expected Outcomes:** Potential migration to an EVM chain, improved protocol features, and increased relevance in the RWA market.

#1441 Polkadot Community Foundation: Conditions on transferring funds to Centrifuge-related instruments

No Active Proposals