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FIL Governance Cross-chain – January 2026

VBL ULTRAOPS <> HANDYLABS (Prev HANDYCRYPTO) | POLKADOT SIDE

Initialize vETH support for ETH_AH

vToken exchange rates configuration

Initialize WAVE to bbBNC Swap Function

Upgrade Bifrost-polkadot to Runtime 0.23.0

Proposal: Introduce Governance Incentive Mechanism

Deposit Reserved bbBNC Rewards to Buyback Pool

- A proposal wants to move FIL coins to a new network.
- It will burn FIL in old addresses and send new FIL to new addresses.
- Six users want to move their FIL.
- They have shown proof of their request.
- The amounts range from about 33 to 987 FIL.
- After approval, the Bifrost team will do the transfer.
- This helps users use FIL on the newer EVM network.

Executed

[Senior Fellows] Set BSC、OP、Sonieum Hyperbridge oracle relayer fee

- **vDOT** can change up to 0.0986% every 14,400 blocks.
- **vETH** can change up to 0.0230% every 14,400 blocks.
- **vBNC** can change up to 0.0411% every 14,400 blocks.
- **GLMR** can change up to 0.0822% every 14,400 blocks.
- **vASTR** can change up to 0.1233% every 14,400 blocks.
- **vMANTA** can change up to 0.0822% every 14,400 blocks.

Approved

Deciding

Option A: Governance Participation Affects bbBNC APY

- **vETH 1.0 is an old version** that some people haven't updated yet.
- **You can update it yourself for free** until January 31, 2026.
- **After that date**, you can still update it by filling out a form.
- **Extra money from the old version** will be used to help the project grow.
- **The money will be split up** to make the project better and help users earn more.
- **Some money will be kept** for emergencies and to help people update.
- **Some money will be added** to trading pools to make it easier to buy and sell.
- **Some money will be saved** for future ideas and improvements.

vETH 1.0 Migration Timeline and Reserve Reallocation

Option B: Governance Participation Earns Lottery Tickets

-   People who helped with the BNC event can choose how to get their rewards.
-   They can pick **Option A**: get BNC tokens slowly over 12 months.
-   Or, they can pick **Option B**: wait 2 months, then get bbBNC tokens locked for 1 year. These tokens can earn extra rewards.
-   The community needs to vote on whether to offer this choice.
-   Voting **Aye** means you want the bbBNC option.
-   Voting **Nay** means you want to keep the original 12-month plan.

Rejected

Choice of Rewards Distribution for Round 1 & 2 (BNC Vesting vs. bbBNC Lockup)

- Subscan is asking for money to keep Bifrost and Bifrost Kusama running smoothly in 2025.
- They help people see and use blockchain data.
- The total cost is $19,535, but they are giving a discount.
- After the discount, they need $18,535.
- This will be paid in BNC coins.
- They promise to try to lower costs in the future.
- The money will help make sure the blockchain stays fast and reliable for everyone.

Subscan 2025 Q3–Q4 Funding Proposal: Operation and Maintenance Fee for Bifrost and Bifrost Kusama

Bifrost Polkadot

referenda8

fellowship5

discussions8