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### Snapshot-Based vBNC Migration Plan

- **Objective:** Migrate vBNC from Bifrost-Kusama to Bifrost-Polkadot due to lack of cross-chain support.
- **Method:** Use a snapshot-based migration process to ensure timely completion.
- **Timeline:** The entire process will take about 4-5 working days, starting on November 27.
- **Phases:**
  1. Initialize vBNC on Polkadot.
  2. Suspend services on Kusama.
  3. Snapshot and migrate assets.
  4. Distribute new assets and resume services on Polkadot.
  5. Clean up residual data on Kusama.
- **Community Actions:**
  - Check and record your vBNC holdings.
  - Unstake BNC from Kusama and transfer to Polkadot.
  - Pre-mint vBNC on Kusama to simplify the migration process.
- **Tutorial:** Available for pre-minting vBNC on Bifrost-Kusama.

Proposal: vBNC migration from Bifrost-kusama to Bifrost polkadot

Bifrost is a Liquid Staking app-chain that allows users to earn profits by staking their cryptocurrency. They are planning to launch Bifrost 2.0, which will include new tokenomics and cross-chain integration. They propose using 100% of the profits from the Bifrost protocol for the buyback of BNC, with 90% allocated to bbBNC holders and the remaining 10% to be burned. bbBNC is a type of escrow token used for sharing the protocol's profit. Users can obtain bbBNC by liquid staking BNC to acquire vBNC and then locking this vBNC to receive bbBNC. bbBNC holders will share protocol profits, have staking rewards, governance rights, and boosted farming. Bifrost's revenue comes from vToken commission, system staking, tx fee, vToken swap fees, expanded application revenue, and bbBNC early redemption slash. The higher the proportion of bbBNC value in the overall, the more you might get in various bbBNC holdings benefits. Bifrost 2.0 upgrade has officially launched, and bbBNC core logic code development is complete and in the testing process.

Bifrost Tokenomics 2.0 (bbBNC) Proposal

### Subsquare
- Governance platform for Polkadot and its parachains.
- Provides real-time governance data visualization.
- Allows users to propose and vote on democracy/collective proposals.

### Reward-Share Program (RSP)
- Initiative by Bifrost to increase awareness and adoption of liquid staking assets (vTokens).
- Partners with influential platforms to boost staking activity.

### Cooperation Details
- Subsquare will apply for 50% of vToken reward commission.
- No additional development fees will be charged.
- Interfaces will redirect users to Bifrost's staking services on Subsquare.
- Interfaces will be available on Subsquare for Polkadot, Kusama, Bifrost, and Bifrost Kusama.

### Benefits
- Increases visibility and staking engagement for Bifrost.
- Provides more staking options and rewards for Polkadot users.

Subsquare and Bifrost Reward-Share Program (RSP) Partnership

- Bifrost is a key player in decentralized finance (DeFi), focusing on liquidity staking and cross-chain capabilities.
- Its governance framework allows the community to shape the project's future through platforms like Subsquare.
- Stakeholders can influence decisions with transparency, similar to how clear lenses provide sharp vision.
- Discussions on Subsquare help refine proposals, much like craftsmen fine-tune lenses.
- The process of governance is compared to the intricate craftsmanship of eyewear manufacturing.
- Each proposal undergoes careful shaping and refinement to meet community standards.
- Active participation on Subsquare helps the community craft the project's future with precision.
- This collective effort ensures Bifrost remains a leading force in DeFi with a clear and sharp path forward.

The Vision of Decentralized Governance in Bifrost: A Clear Lens for the Community

SubWallet is a wallet for the Polkadot and Kusama ecosystems that helps users track, send, receive, stake, contribute to crowdloans, and manage multi-chain assets with ease and security. It is available on mobile, web, and browser extension platforms. 

SubWallet offers a one-stop-shop staking solution for the entire Polkadot ecosystem, including native staking and liquid staking. 

SubWallet is the first wallet to integrate Bifrost's liquid staking products, vDOT and vManta, directly into its staking dashboard, extension, and mobile app. 

SubWallet and Bifrost have collaborated on marketing campaigns to promote earning and staking methods with DOT. 

SubWallet proposes a commission rate of 50% of Bifrost's protocol commission to support the development of new integrations and maintenance of current ones. 

SubWallet is willing to support the growth of Bifrost through targeted initiatives aimed at increasing user engagement during liquid staking campaigns, including visibility and promotion, content marketing, and dedicated user support.

SubWallet and Bifrost Liquid Staking Partnership

Subscan is a platform that provides real-time blockchain data and insights. 

Subscan will partner with Bifrost to increase staking activity and vToken adoption. 

Subscan will apply for 75% of the vToken reward commission under the Reward-Share Program (RSP). 

Subscan will feature "Stake" buttons across its platforms to drive traffic to Bifrost’s staking services. 

This partnership will initially run for a 3-month period.

Subscan x Bifrost Reward-Share Program (RSP) Partnership to Boost Staking Growth  

Executed

Register vBNC Multilocation

TimedOut

Bifrost Polkadot

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