## Overview
Pheasant Network is an optimistic bridge specialized for Layer 2. We have succeeded in smoothly connecting Ethereum to Polygon and Polygon zkEVM ecosystem by optimistically handling bridge transactions. We also invented a unique decentralized liquidity mechanism and achieved high security performance that is resistant to hacking. Our mission is to provide a long-term contribution to the Ethereum and Polygon ecosystem as a community-driven project and serve the public good.

## The challenges we solve
We envision an L2 Gate. The bridge will be the entry point to Polygon, as users will always need to go through some sort of bridge to transfer their assets to Polygon. By using the optimistic bridge like Pheasant Network, to bridge assets from Ethereum and other Layer 2s to Polygon, users can significantly reduce their gas costs. In order to get more assets flowing into DApps in the Polygon ecosystem, it is important to reduce gas costs for the bridge as much as possible.

## How we benefit the Polygon ecosystem
We have already integrated Polygon PoS and Polygon zkEVM in the mainnet. In the future, when Polygon CDK networks explode, we believe that not only canonical Polygon CDK bridges, but also optimistic bridges will be indispensable. This is because optimistic bridges are currently the most cost-effective and fastest of all bridge types. We will continue to contribute to the Polygon ecosystem by actively bridging the Polygon CDK ecosystem.

In addition, we are also developing a Layer 2-specific learning service called L2 Learn, which is nearing launch and can also support Polygon. We believe that through the bridges and learning hubs we provide, we will be able to further promote Polygon.

## How grants help us
We need a budget this time, not for development, but for liquidity in supporting Polygon and Polygon zkEVM on the mainnet. We have developed an automatic rebalancing mechanism so that we can offer a smooth optimistic bridge on the mainnet.

Because the use of the grant budget is clearly defined, valuable budgetary resources are not wasted on abstract "development costs.

## Links
- Website: https://pheasant.network/
- Twitter (X): https://twitter.com/PheasantNetwork
- Discord: https://discord.gg/pRYSEUVERT