This proposal, if executed, will:
Transfer 10,000 DOT from Treasury to Foundation for BNC Buyback via Hydration.
Currently, the BNC that the exploiter moved to Moonbeam is being processed for recovery to the Bifrost treasury through Moonbeam governance.
As of now, the impact of this incident on the Bifrost treasury has been completely eliminated, and no new circulation of BNC from this incident can enter the market. Currently, the price of BNC is still at a discount compared to before the incident. Therefore, the proposal plans to repurchase an additional 10,000 DOT of BNC.
This measure aims to demonstrate Bifrost's long-term commitment to BNC and further strengthen the community's confidence and support in our project, creating more opportunities and potential for community holders. We encourage community members to actively participate and provide constructive feedback to jointly promote the development and growth of Bifrost.
i appreciate the quick action of Bifrost team, always support Bifrost