Hello,

It's a good news.
The low liquidity on Polkadot side is an issue currently.

Best Regards,

No Risk - No Fun

Go for it, users desperately in need for BNC-dot

1,200,000 BNC liquidity have been transferred back to the Bifrost treasury:
- MEXC: https://bifrost-kusama.subscan.io/extrinsic/0xb2e8c0849fa57faecbcee482bd1b07dfeddc6ed79e43499d830b998407aa678c
- Gate: https://bifrost-kusama.subscan.io/extrinsic/0x9f6bdc9973174629a05cf248853354565a35f7b0756d4d348746b43e99828b62
- Kucoin: 
    - 400k BNC: https://bifrost.subscan.io/extrinsic/0xfecb3b71317963e5aed4c3374be175e7248b2c37bf17fc0d1fe6dbc5b8e55d3e
    - 200k BNC: https://bifrost-kusama.subscan.io/extrinsic/0x2f342f6ccb89b22cd96d89469992684e94196337baa0183e8c597f8def1c4c5c

candidates

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grand_masters

# Summary
Since the BNC liqudiity is drained in CEXs by withdrawing to Bifrost-Polkadot. This proposal aims to fuel the BNC liquidity in three CEXs:
- Kucoin: 600,000 BNC
- MEXC: 300,000 BNC
- Gate: 300,000 BNC

Total: 1,200,000 BNC

This will take several steps:
1. Propose to transfer 1,200,000 BNC from Bifrost-Polkadot Treasury to Foundation (dmTEFZ77m7WtJmd7PY6pMh111uTtW9jpwfwasTGsWKUGp5M)
2. Bifrost Foundation fuels 1,200,000 BNC to three CEXs
3. Bifrost Foundation withdraws 1,200,000 BNC from CEXs to Bifrost-Kusama
4. Bifrost Foundation sends 1,200,000 BNC to Bifrost-Kusama Treasury

*Bifrost Treasury: eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F (same on Bifrost-Kusama and Bifrost-Polkadot)

Here's a summary of the SubSquare post content:

- The proposal aims to increase the BNC liquidity in three CEXs: Kucoin, MEXC, and Gate.
- A total of 1,200,000 BNC will be transferred from Bifrost-Polkadot Treasury to Bifrost Foundation.
- Bifrost Foundation will then use the 1,200,000 BNC to fuel the liquidity in the three CEXs.
- After that, Bifrost Foundation will withdraw the 1,200,000 BNC from the CEXs to Bifrost-Kusama.
- Finally, Bifrost Foundation will send the 1,200,000 BNC to Bifrost-Kusama Treasury.

#265·Fuel The BNC Liquidity in CEXs

Summary