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Close SALP fund 3370 (LAOS)

For a second-grade student:

SubSquare wants to make some changes to the way they give rewards to people who use their farming platform. They want to move some of their money to a different group called Bifrost Foundation. They also want to change how much reward people get for using certain pairs of coins. They will use some of their money to give rewards to people who use certain pairs of coins. They have a list of the different pairs of coins and how much reward people will get. In total, they will move 51,019 coins and change the rewards for 7 different pairs of coins.

proposal

Release Farming Incentive and Charge BLPs from Treasury for May-June

firstSlot

lastSlot

Create SALP for pid 3370 (LAOS)

Final $PINK distribution from balance of Bifrost Treasury

calls

Fix add moonbeam receiver address to SLPx whitelist

supportChain

evmContractAccountId

Add moonbeam receiver address to SLPx whitelist

poolId

currencyIdIn

value

Buyback 6000 DOT of vsDOT

Update SALP fund status

delayBlock

Set SLPx DelayBlock

Bifrost-finance has released a new version, v0.9.96, with several changes and improvements. Here are the key highlights of this release:

- Improved SLPx implementation logic to solve cross-chain execution order issues
- Reduced transaction fee to about 0.08 BNC
- Optimized handling of cross-chain handling fees during cross-chain management of SLP assets to avoid a decrease in small-amount asset reserves.
- Added a method to automatically clear expired VBL
- After vToken participates in governance and changes the number of votes, the number of vTokens locked in the referendum can be immediately refreshed.

Upgrade Bifrost-polkadot to Runtime 0.9.96

Apply BNC from Treasury for Bifrost 3356 Crowdloan Reward Distribution

- BNCS is a type of cryptocurrency.
- Transaction fees from BNCS are used for farming on Bifrost.
- Half of the remaining fees are exchanged for vDOT.
- This proposal suggests using vDOT staking rewards to incentivize BNCS-BNC pairs on Moonbeam DEX.
- The farming duration is one month and the total planned rewards are 1,370,000,000,000,000 BNC.

Preparing for Incentivizing BNCS-BNC pair on a Moonbeam DEX

- The proposal aims to adjust farming in three parts.
- The first part is to transfer 17283 BNC from Treasury to Bifrost Foundation for charging.
- The second part is to edit pools to adjust reward emission.
- The third part is to dispatch Treasury to charge BLP rewards to stable pools.
- The adjusted pools include vDOT/DOT, vDOT-USDT, vGLMR/GLMR, vsDOT/DOT, vFIL/FIL, and vDOT.

Release Farming Incentive and Charge BLPs from Treasury

Untitled - motion #303

- BNC liquidity is drained in CEXs by withdrawing to Bifrost-Polkadot.
- Proposal aims to fuel the BNC liquidity in two CEXs: MEXC and Gate.
- Total of 3,000,000 BNC will be transferred from Bifrost-Polkadot Treasury to Foundation.
- Bifrost Foundation will fuel 3,000,000 BNC to two CEXs and withdraw it back to Bifrost-Kusama.
- Bifrost Foundation will send 3,000,000 BNC to Bifrost-Kusama Treasury.

Fuel The BNC Liquidity in CEXs

- BNC liquidity is being drained from Kucoin to Bifrost-Polkadot.
- A proposal has been made to transfer 800,000 BNC from Bifrost-Polkadot Treasury to Foundation.
- Bifrost Foundation will then fuel 800,000 BNC to Kucoin.
- After that, Bifrost Foundation will withdraw 800,000 BNC from Kucoin to Bifrost-Kusama.
- Finally, Bifrost Foundation will send 800,000 BNC to Bifrost-Kusama Treasury.

Fuel The BNC Liquidity in Kucoin

Incentivizing DOT Lend Market for Loopstake Startup

Incentivizing vDOT Lend Market for Loopstake Startup

assetId

collateralFactor

liquidationThreshold

reserveFactor

closeFactor

liquidateIncentiveReservedFactor

liquidateIncentive

supplyCap

borrowCap

Update Lend Market DOT reserveFactor

Update vASTR SLPx contract address

Add vASTR - Astar <=> Astar zkEVM contract to SLPx whitelist 

Create SALP for Hyperbridge (pid 3367)

For a second-grade student:

- DOT and vDOT are two types of digital money.
- They have different rules for how much money you need to borrow them.
- They also have different rules for when you have to pay back the money.
- There are some complicated numbers that tell you how much interest you have to pay.
- These numbers are used by computers to keep track of everything.

Initialize vDOT & DOT lend market

- Bifrost wants to update Polkadot subsidy and mint vDOT.
- They will add 500,000 DOT to Bifrost treasury address.
- They will mint 287,317.96 DOT to vDOT through VtokenMinting::mint method.
- They will provide liquidity to Bifrost vDOT-DOT Stable Pool.
- The encoded call hash is given for technical details.

Council Motions