Following the motion #11 this executes transfer of 50010 DAI from the Wormhole bridge on Acala, after the same amount is deposited on Ethereum side by treasury multisig (transaction #4).

The proposal seeks funding for the 2023 Summer Polkadot Hackathon in Shanghai, China, organized by OneBlock. It aims to promote Substrate and Polkadot ecosystem growth by attracting developers and converting course learners into builders. Previous hackathons in 2021 and 2022 have been successful, and this event is scheduled for July 2023. Specific metrics include developer participation and project diversity. The execution plan includes registration, coding, workshops, and a demo day. Costs encompass venue, materials, travel, staff compensation, and an afterparty. The proposal emphasizes community building, technical education, and ecosystem expansion, aligning with Parity Asia's Substrate initiatives.

Develop the KILT Decentralized Identity Provider (DIP) protocol.

Deploy provider and relying party components on testnets and production chains.

Test, integrate, and fix any issues that arise during deployment.

Maintain and update the protocol to ensure compatibility with the latest Polkadot versions.

Explore and implement future improvements, such as support for verifiable credentials and trustless parachain-to-parachain messaging solutions.

- The motion is about transferring 50010 DAI from one place to another.
- The transfer is happening between the Wormhole bridge on Acala and the Ethereum side.
- The transfer is being done by the treasury multisig.
- The transfer is happening after the same amount is deposited on the Ethereum side.
- This is called transaction #4.

Bridge initial DAI liquidity to the parachain treasury

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