Thanks for all the great questions! I will do my best to answer them. We will also spend time on this in the governance call upcoming Wednesday, and we can continue the discussion there.
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.
Since the parachain will not be used in this paradigm anymore, Altair will no longer be required and would be deprecated.
The new protocol will use multiple general message passing providers for increased security. We will consider all options in the market today, including Chainlink and Wormhole, as well as the existing support for Axelar.
If this proposal is accepted, k/factory will take ownership of delivering this new protocol. This would be expected to go live in 2025.
Thanks for your early and continued support of Centrifuge!
The proposal is to move from a Polkadot parachain to an EVM-based protocol. This new EVM-based protocol can be deployed on Polkadot Asset Hub, to keep support for the existing Polkadot ecosystem, while expanding support to the wider network of EVM-based blockchains.
The Centrifuge protocol and CFG token will remain fully decentralized and controlled by onchain governance, with the technical implementation of this moving over to Ethereum based governance tooling. This will follow best practices from existing EVM based DAOs such as Sky, Aave and Morpho.