SubWallet Receives Polkadot Treasury for Milestone #1 & #2

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3 min readSep 12, 2022

We are proud to announce that SubWallet has received Polkadot Treasury for building a user-friendly Web3 Multiverse Gateway for Polkadot and Kusama ecosystem. As of today, our two proposals for milestone #1 and #2 have been widely supported by the community and approved by the Council.

Polkadot Treasury

The Polkadot Treasury, whose funds are collected from slashing, transaction fees, staking inefficiency and parathread fees, aim to allocate DOT to projects or activities that contribute to and benefit the ecosystem. Within the spend period of 24 days, if the treasury is not spent on project proposals, tips and bounties, then all the funds allocated for that duration will be burnt.

SubWallet’s Approved Proposals

On June 15, SubWallet’s first proposal on Milestone #1 was tabled via Motion #222 and approved by the Polkadot Council. In Milestone #1, SubWallet focuses on developing a more user-friendly interface for basic wallet functions, including creating, restoring and importing accounts; sending and receiving funds; managing account balance, crowdload portfolio and NFTs.

After completing Milestone #1, we expand and veer towards integration. NFTs on RMRK and Unique, EVM assets on Moonbeam and Moonriver, and Substrate Connect are important pieces that are integrated. Our second proposal was tabled via Motion #253 and approved on September 5.

Moving Forward

SubWallet will advance the security layer in the next months and extend our in-app features. The next milestones are in the works; SubWallet mobile version launching at the end of Q3 will provide even smoother user experience. Users can swap, stake and manage tokens with their smartphones while rest assured that their funds are safe with our integration with cold wallets.

About SubWallet

SubWallet is a pioneering user-friendly Web3 Multiverse Gateway for the Polkadot and Kusama ecosystems. With the mission of bringing crypto users closer to the Polkadot and Kusama ecosystem and opening the Web3 universe, we focus on building a product that provides the simplest and most secure way to connect to blockchain-based applications like Polkadot and Kusama ecosystem DeFi and GameFi.

Install SubWallet:

Google Chrome, Brave, MS Edge: https://bit.ly/3BGqFt1
Firefox: https://mzl.la/3rQ0awW

Join our Community!

To find out more about SubWallet, join us on our Discord server and talk to our helpful SubWallet team members and other users. For those who want some more background information on SubWallet and what it’s all about, our website and SubStack page are the perfect places to start.

Originally published at https://subwallet.substack.com on September 12, 2022.