candidates

members

proficients

fellows

senior_fellows

experts

senior_experts

masters

senior_masters

grand_masters

This proposal is a resubmission of [Referendum #66](https://bifrost.subsquare.io/democracy/referenda/66) based upon the positive comments received in [LuckyFriday's Validator Boost Proposal discussion](https://bifrost.subsquare.io/posts/3).

LuckyFriday: Validator Boost Proposal Resubmission

**Full Changelog**: [bifrost-v0.9.86...bifrost-v0.9.87](https://github.com/bifrost-finance/bifrost/compare/bifrost-v0.9.86...bifrost-v0.9.87)

Upgrade Bifrost - polkadot to Runtime 0.9.87

Keep incentiveizing vDOT-DOT Pool's BLP reward, via Bifrost Treasury
BLP reward to charge: 1,891 BLP0

Dispatch Treasury to Charge BLP 0 to vDOT-DOT Pool

Reinitiate ：https://bifrost-polkadot.subsquare.io/council/motions/244

Resend Upgrade Bifrost - polkadot to Runtime 0.9.86

## What's Changed

- revamp slp + vmanta by [@herryho](https://github.com/herryho) in [#1067](https://github.com/bifrost-finance/bifrost/pull/1067)
- fix: 🐛 treasury SpendOrigin by [@yooml](https://github.com/yooml) in [#1068](https://github.com/bifrost-finance/bifrost/pull/1068)
- fix-polkadot-slp-bond by [@herryho](https://github.com/herryho) in [#1070](https://github.com/bifrost-finance/bifrost/pull/1070)
- fix astar slp by [@herryho](https://github.com/herryho) in [#1074](https://github.com/bifrost-finance/bifrost/pull/1074)
- Fix bifrost-kusama barrier by [@hqwangningbo](https://github.com/hqwangningbo) in [#1075](https://github.com/bifrost-finance/bifrost/pull/1075)
- Fix barrier by [@hqwangningbo](https://github.com/hqwangningbo) in [#1076](https://github.com/bifrost-finance/bifrost/pull/1076)
- Parachain staking ledger migration by [@herryho](https://github.com/herryho) in [#1077](https://github.com/bifrost-finance/bifrost/pull/1077)

**Full Changelog**: [bifrost-v0.9.84...bifrost-v0.9.86](https://github.com/bifrost-finance/bifrost/compare/bifrost-v0.9.84...bifrost-v0.9.86)

## Highlight
- support vMANTA

For a second-grade student:

- Bifrost, a finance company, made some changes to their software.
- They fixed some bugs and made improvements to their system.
- They added support for something called vMANTA.
- They also did some work to make sure their system works well with other systems like Polkadot and Kusama.
- They updated their software from version 0.9.84 to version 0.9.86.

Upgrade Bifrost - polkadot to Runtime 0.9.86

# Summary

This proposal aims to:

Transfer **87336.59491** BNC from Bifrost Treasury(eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F) to Foundation(dmTEFZ77m7WtJmd7PY6pMh111uTtW9jpwfwasTGsWKUGp5M) for adjusting the incoming farming incentivized round from 23/11/2023 to 31/12/2023. Check details in the chart below:
| Pool Name | Incentivized BNC |
| --- | --- |
| vDOT-DOT (Bifrost) | 29410.9589 |
| vDOT-USDT (Bifrost) | 7436.399217 |
| vDOT-DOT (StellaSwap) | 23483.36595 |
| vDOT-DOT (Beamswap) | 23483.36595 |
| vGLMR-GLMR (Beamswap) | 3522.504892 |
| Total | 87336.59491 |

- Bifrost Treasury wants to transfer 87336.59491 BNC to Foundation.
- The transfer is for adjusting the incoming farming incentivized round from 23/11/2023 to 31/12/2023.
- The transfer will affect different pools, such as vDOT-DOT, vDOT-USDT, and vGLMR-GLMR.
- The total amount of BNC to be transferred will be distributed among the different pools.
- The chart shows the name of the pools and the amount of incentivized BNC they will receive.

Transfer BNC For Adjusting The Next Farming Incentivized Round

In the previous [governance](https://bifrost.subsquare.io/democracy/referenda/76), we mistakenly set the deleagtor's income payment method to stash, which is inconsistent with the compound interest setting of slp. Of course, this does not create other risks and problems.

This referendum will use the staking.setPayee method across chains to modify the staking payout method to staked

Fix vDOT third delegator setting

This proposal includes two parts:
1. Transfer 150,000 BNC from Bifrost Treasury(eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F) to Foundation(dmTEFZ77m7WtJmd7PY6pMh111uTtW9jpwfwasTGsWKUGp5M) for adding up Unlock Harvest Incentive.
2. Charge vDOT-DOT BLP swap fee from Bifrost Treasury to vDOT-DOT pool. (Other pools will be charged later)

Transfer BNC for Unlock Harvest Incentive & Incentivize BLP to vDOT-DOT LP

Based on the latest reconciliation, some values of vfil will be updated.

vfil readypool +1,001,122,470,669,650,000,000
vfil sp account + 1,228,811,302,323,150,000,000
vfil tokenpool + 596,054,464,589,893,000,000

Correct vfil running values

Steps:
1. Cross-chain 301 DOTs from bifrost treasury to the corresponding delegator address of polkadot: 13hLwqcVHqjiJMbZhR9LtfdhoxmTdssi7Kp8EJaW2yfk3knK
2. Wait for 5 blocks (to avoid cross-chain ordering issues)
3. Perform cross-chain bond operations

Initialize vDOT third delegator

Transfer the incorrectly issued DOT back to the relay chain in preparation for crossing back to the correct module address

vsDOT redemption process

## What's Changed

- build(deps): bump actions/checkout from 3 to 4 by [@dependabot](https://github.com/dependabot) in [#1029](https://github.com/bifrost-finance/bifrost/pull/1029)
- build(deps): bump docker/login-action from 2 to 3 by [@dependabot](https://github.com/dependabot) in [#1050](https://github.com/bifrost-finance/bifrost/pull/1050)
- build(deps): bump docker/setup-buildx-action from 2 to 3 by [@dependabot](https://github.com/dependabot) in [#1051](https://github.com/bifrost-finance/bifrost/pull/1051)
- build(deps): bump docker/build-push-action from 4 to 5 by [@dependabot](https://github.com/dependabot) in [#1052](https://github.com/bifrost-finance/bifrost/pull/1052)
- build(deps): bump stefanzweifel/git-auto-commit-action from 4 to 5 by [@dependabot](https://github.com/dependabot) in [#1054](https://github.com/bifrost-finance/bifrost/pull/1054)
- fix statemine fee by [@herryho](https://github.com/herryho) in [#1053](https://github.com/bifrost-finance/bifrost/pull/1053)
- Slpx remove reserved account minimums by [@hqwangningbo](https://github.com/hqwangningbo) in [#1057](https://github.com/bifrost-finance/bifrost/pull/1057)
- Fix audit errors by [@yooml](https://github.com/yooml) in [#1058](https://github.com/bifrost-finance/bifrost/pull/1058)
- Fix referendum status by [@ark930](https://github.com/ark930) in [#1059](https://github.com/bifrost-finance/bifrost/pull/1059)
- fix: 🐛 gov by [@yooml](https://github.com/yooml) in [#1056](https://github.com/bifrost-finance/bifrost/pull/1056)
- Fix delegator vote by [@ark930](https://github.com/ark930) in [#1060](https://github.com/bifrost-finance/bifrost/pull/1060)
- Fix vtoken voting by [@ark930](https://github.com/ark930) in [#1061](https://github.com/bifrost-finance/bifrost/pull/1061)
- Fix vote by [@ark930](https://github.com/ark930) in [#1062](https://github.com/bifrost-finance/bifrost/pull/1062)
- fix: 🐛 overflow by [@yooml](https://github.com/yooml) in [#1064](https://github.com/bifrost-finance/bifrost/pull/1064)

**Full Changelog**: [bifrost-v0.9.82...bifrost-v0.9.84](https://github.com/bifrost-finance/bifrost/compare/bifrost-v0.9.82...bifrost-v0.9.84)

- The Bifrost-finance software has been updated to fix issues and improve performance.
- Several dependencies have been updated to newer versions.
- Issues with statemine fee, Slpx reserved account minimums, audit errors, referendum status, delegator vote, vtoken voting, and overflow have been fixed.
- The software is now more stable and reliable.
- The full list of changes can be found in the provided link.

Upgrade Bifrost - polkadot to Runtime 0.9.84

# Summary
This proposal aims to Initialize vASTR launching with 10% staking commission rate.

Set vASTR commission rate to 10%

Create vDOT-USDT Pair

## What's Changed

- Add BifrostDropAssets by [@hqwangningbo](https://github.com/hqwangningbo) in [#1019](https://github.com/bifrost-finance/bifrost/pull/1019)
- Add OpenGov to bifrost-polkadot by [@yooml](https://github.com/yooml) in [#1020](https://github.com/bifrost-finance/bifrost/pull/1020)
- Fix benchmarking compile error by [@hqwangningbo](https://github.com/hqwangningbo) in [#1024](https://github.com/bifrost-finance/bifrost/pull/1024)
- Bifrost currencies by [@yooml](https://github.com/yooml) in [#1023](https://github.com/bifrost-finance/bifrost/pull/1023)
- build(deps): bump chevdor/srtool-actions from 0.7.0 to 0.8.0 by [@dependabot](https://github.com/dependabot) in [#1021](https://github.com/bifrost-finance/bifrost/pull/1021)
- Pallet vtoken-voting by [@ark930](https://github.com/ark930) in [#1025](https://github.com/bifrost-finance/bifrost/pull/1025)
- Fix stable pool by [@yooml](https://github.com/yooml) in [#1027](https://github.com/bifrost-finance/bifrost/pull/1027)
- Vtoken voting test by [@ark930](https://github.com/ark930) in [#1031](https://github.com/bifrost-finance/bifrost/pull/1031)
- Flexible fee with extra fee by [@herryho](https://github.com/herryho) in [#1032](https://github.com/bifrost-finance/bifrost/pull/1032)
- fix: 🐛 decision_deposit by [@yooml](https://github.com/yooml) in [#1033](https://github.com/bifrost-finance/bifrost/pull/1033)
- Benchmarking: vtoken-voting by [@ark930](https://github.com/ark930) in [#1034](https://github.com/bifrost-finance/bifrost/pull/1034)
- Fix token convert by [@ark930](https://github.com/ark930) in [#1035](https://github.com/bifrost-finance/bifrost/pull/1035)
- Fix vtoken-voting test by [@ark930](https://github.com/ark930) in [#1036](https://github.com/bifrost-finance/bifrost/pull/1036)
- Fix vtoken-voting weight by [@ark930](https://github.com/ark930) in [#1038](https://github.com/bifrost-finance/bifrost/pull/1038)
- Flexible fee tests by [@herryho](https://github.com/herryho) in [#1037](https://github.com/bifrost-finance/bifrost/pull/1037)
- fix: 🐛 register_blp_metadata & rpc by [@yooml](https://github.com/yooml) in [#1039](https://github.com/bifrost-finance/bifrost/pull/1039)
- fix migration types by [@herryho](https://github.com/herryho) in [#1040](https://github.com/bifrost-finance/bifrost/pull/1040)
- Lend market by [@yooml](https://github.com/yooml) in [#1022](https://github.com/bifrost-finance/bifrost/pull/1022)
- Remove pending storage by [@ark930](https://github.com/ark930) in [#1041](https://github.com/bifrost-finance/bifrost/pull/1041)
- fixes by [@herryho](https://github.com/herryho) in [#1042](https://github.com/bifrost-finance/bifrost/pull/1042)
- Lend market bench by [@yooml](https://github.com/yooml) in [#1043](https://github.com/bifrost-finance/bifrost/pull/1043)
- Fix delegator vote by [@ark930](https://github.com/ark930) in [#1044](https://github.com/bifrost-finance/bifrost/pull/1044)
- Fix benchmarks by [@hqwangningbo](https://github.com/hqwangningbo) in [#1046](https://github.com/bifrost-finance/bifrost/pull/1046)
- Fix lend market by [@yooml](https://github.com/yooml) in [#1045](https://github.com/bifrost-finance/bifrost/pull/1045)
- feat: 🎸 rm lend-market from runtime by [@yooml](https://github.com/yooml) in [#1047](https://github.com/bifrost-finance/bifrost/pull/1047)
- Fix vote ratio by [@ark930](https://github.com/ark930) in [#1048](https://github.com/bifrost-finance/bifrost/pull/1048)
- Fix vASTR by [@hqwangningbo](https://github.com/hqwangningbo) in [#1049](https://github.com/bifrost-finance/bifrost/pull/1049)

## Highlight
- vDOT will support basic cross-chain Opengov voting functionality after this version
- OpenGov’s basic conviction value is reduced to 1 day, and we encourage users to actively participate in governance with a higher multiplier
- Increase OpenGov governance Decision Deposit to 10 times the current level, which is helpful for the security, simplicity and efficiency of network governance
- Now you will use BNC or any flexible fee to pay cross-chain handling fees. You no longer need to prepare additional specific cross-chain handling fees when conducting special cross-chain transactions (salp.contribute/AssetsHub asset cross-chain, etc.). This can greatly facilitate users to use these cross-chain functions.

- Bifrost has added new features and fixed some errors in its platform.
- Bifrost now supports OpenGov voting functionality for vDOT.
- OpenGov's basic conviction value has been reduced to 1 day, and users are encouraged to participate in governance with a higher multiplier.
- The Decision Deposit for OpenGov governance has been increased to 10 times the current level for better security, simplicity, and efficiency of network governance.
- Bifrost now allows users to use BNC or any flexible fee to pay cross-chain handling fees, making it easier to use cross-chain functions.

Upgrade Bifrost - polkadot to Runtime 0.9.82

# Summary

This proposal aims to move BNC from Bifrost Treasury to Bifrost Foundation to incentivize correlated events towards to vDOT unlock and SLPx deployment on Moonbeam, Moonriver and Astar.

Below are reward dividend details:

| Event | BNC Incentive | Release  |
| --- | --- | --- |
| LP Farming | 336,474.887 | Linear in 30 days |
| Unlock Harvest | 400,000 | Linear in 3 months |
| Zealy Campaign | 20,000 | Linear in 3 months |
| Total | 756,474.887 |  |

## LP Farming

## Bifrost

- vDOT/DOT: **54,337.90**
- vDOT/USDT: **13,698.63**

### Moonbeam

StellaSwap

- xcvDOT/xcDOT: **112,079.701**
- xcBNC/xcDOT: **1,120.797**
- xcvFIL/xcFIL: **1,867.995**

BeamSwap

- xcvDOT/xcDOT: **100,871.73**
- xcBNC/xcDOT: **1,120.80**
- xcGLMR/xcvGLMR: **11,207.970**

### Astar

ArthSwap

- xcvDOT/DOT: **36,986.301**

### Moonriver

SolarBeam

- xcvKSM/xcKSM: **1,525.218**
- xcvMOVR/MOVR: **579.078**
- xcBNC/xcMOVR: **1,078.767**

## vDOT Unlock Harvest

- 10/12 ～ 10/23 Early-bird Event: **75,000**
- 10/23 ～ 11/22 Raindrop: **325,000**

## Zealy

- Campaign Incentive: **20,000**

- Bifrost is moving BNC from Bifrost Treasury to Bifrost Foundation.
- This is to incentivize events related to vDOT unlock and SLPx deployment on Moonbeam, Moonriver, and Astar.
- There will be a total of 756,474.887 BNC given as rewards for LP farming, vDOT unlock harvest, and Zealy campaign.
- LP farming rewards will be given for farming vDOT/DOT, vDOT/USDT, xcvDOT/xcDOT, xcBNC/xcDOT, xcvFIL/xcFIL, xcGLMR/xcvGLMR, and xcvKSM/xcKSM.
- The vDOT unlock harvest and Zealy campaign will also provide rewards.

Transfer BNC From Treasury to Foundation For SLPx and vDOT Unlocking Incentives

This proposal has been submitted based upon the positive comments received in LuckyFriday's [Validator Boost Proposal discussion](https://bifrost.subsquare.io/posts/3).

LuckyFriday: Validator Boost Proposal

Considering the upcoming DOT unlock, in order to give back to community users and improve the competitiveness of vDOT at this stage, I recommend reducing the current vDOT Reward Fee from 10% to 0.1%

Call for a seven-day referendum to decide this matter as a community.

DOT Reward Fee reduced from 10% to 0.1% External Proposals

Related proposal (on Bifrost Kusama): https://bifrost-kusama.subsquare.io/referenda/13
The second step of the proposal is currently being implemented:
- Transfer remaining BNC from Polkadot Crowdloan to the treasury
- Transfer remaining BNC from vToken & veBNC Incentive to the treasury (cross-chain from Bifrost Kusama to Bifrost Polkadot)
- Transfer remaining BNC from Collator Incentive to the treasury (cross-chain from Bifrost Kusama to Bifrost Polkadot)
- Transfer BNC from Slash Insurance Fund to the treasury (cross-chain from Bifrost Kusama to Bifrost Polkadot)

SubSquare has a proposal related to Bifrost Kusama. The second step of the proposal is being implemented. They are transferring BNC from different sources to the treasury. The sources include Polkadot Crowdloan, vToken & veBNC Incentive, Collator Incentive, and Slash Insurance Fund. The transfer is happening cross-chain from Bifrost Kusama to Bifrost Polkadot.

Distribute Ecosystem reserved BNC to Bifrost Treasury (Polkadot)

## TL,DR

In order to support the [proposal to list BNC on HydraDX Omnipool](https://bifrost.subsquare.io/post/31), this proposal aims to borrow 700,000 BNC from Bifrost-Kusama Ecosystem Reserved Fund (which needs be transfered from Bifrost-Kusama Ecosystem Reserved address to the Cross-chain Bridge address, please refers to the [Bifrost-Kusama proposal](https://www.notion.so/HydraDX-BNC-Listing-Proposal-843489429b1a4699aabfbde8de62c910?pvs=21).) to Bifrost Treasury, then transfer 700,000 BNC to HydraDX via the XCM.

## Summary

Execution steps in a `batch_call`:

1. Unreserved 700,000 BNC in Bifrost-Polkadot Cross-chain Bridge address (djSk4JfeBVmDA6T4yuTZajjZGmn9h8hcSH1NE6mGE4UdFv3)
2. Transfer 700,000 BNC from Bifrost-Polkadot Cross-chain Bridge address to the Bifrost Treasury Address (eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F)
3. XCM Transfer 700,000 BNC from Bifrost Treasury Address to HydraDX (paraid: 2034)

Preimage hash: 0xd7f8fe69b289cb9af5958c52142831e9a3abdc3c549daba7023cf2fb9ec8e20d
![](https://i.ibb.co/9gtYzNh/Untitled-15.png)

Bifrost wants to list BNC on HydraDX Omnipool. They plan to borrow 700,000 BNC from Bifrost-Kusama Ecosystem Reserved Fund and transfer it to Bifrost Treasury. Then, they will transfer 700,000 BNC from Bifrost Treasury to HydraDX via XCM. The process will involve three steps. A preimage hash is also provided.

Bifrost Pokadot: Supporting BNC Listing on HydraDX Omnipool

![image.png](https://subsquare.infura-ipfs.io/ipfs/QmRYA465TRWogkihwQKSS2LexietmNtkh8ZtGzAukVBsdA)


Accept and Request HRMP channel request to Polkadex (paraid 2040)

Upgrade Bifrost-polkadot to Runtime 0.9.80 external proposal
Upgrade detial will show in Referenda

Upgrade Bifrost-polkadot to Runtime 0.9.80 external proposal

## Summary
In terms of Bifrost used to support HydraDX Crowdloan via SALP, there were 153,189 DOT contributed from Bifrost users (check [here](https://polkadot.subscan.io/crowdloan_contribute_all?crowdloan=2034-25&address=14AMZ3gw4tRsrdp78i4MmHZ8EFbXTMfuXGQMEC3t1GoqLboH)), now is the time for HydraDX to distribute Crowdloan rewards to all contributors.
Thus, this proposal remarks to approve HydraDX to help Bifrost on reward distribution on HydraDX parachain.

**Ecoded call data on HydraDX chain**:
0x0d029051028bd7184f3c25082d1c6042685815a17bae2c2f853300b94ed58cfde8fca7a4160007028bd7184f3c25082d1c6042685815a17bae2c2f853300b94ed58cfde8fca7a4166d6f646c70792f7673746e670000000000000000000000000000000000000000130070de9dc6caf73e510140a9ad610a3881511d3d2fe8cd785f16e9de9d141d687f115817f6480edc5d70ec338f0001000000c06f93008a7ba703510156675508987682ad99bc0627f6f9237af66af1d67e5be0393cefd5c48a47107eec338f0001000000c06f9300074631b70e6b51012eae889073d41db6579effb7eef4487f1a1df49b537eb80c380cae5a97ea7809ec338f0001000000c06f93008a7ba70351017894eca7676565835f420dd7612296396f3bedf24aea47bc51626f5a359fec2dec338f0001000000c06f930012f74e0751015a50c511e7ecb8d02724a500a4975a0e4b77c4445781013cbed109d9e2a5d248ec338f0001000000c06f93007e6916235101fcefbeed90ca84978d5f904a452085cd14bc701e504d6dab59f65601f8400357ec338f0001000000c06f93000360105b5b510142f92e02b18a33af4d2cd492cf51ab1ed3b21278248394f6905368c96fb7f956ec338f0001000000c06f93003e9462045101aa9772d518c1592f055d8cb5b9fff97e0faf2a8164b9fbc99320e411a940271bec338f0001000000c06f9300b2a615495101ca848cb587d8479c97afd27722b6f2ed6c1de846ebdf773b73e572932ae4a642ec338f0001000000c06f9300eea1142351015444ffd4a0777699ef158a2b1e403d0a70f8d01d421e10027025a197c2f98a4cec338f0001000000c06f93008a7ba703510104068ad2f0e70bd32959b6537e9b9fb22c3035c559e0255e116b99cde5cb4d75ec338f0001000000c06f9300e20705045101265a9dfde7b15209080561bdc1f0fa3e5eb2ab492a0dd85eb98758c383b46449ec338f0001000000c06f93003e9462045101f01be45c080e0cd803bbdf6bd14752c27126bc7c39c374eb273d5255e2524362ec338f0001000000c06f9300a2afc64151013885687f66aaedb2b2a03762b52526c18e19147eaf0cfcf1274966ea8f52005fec338f0001000000c06f9300c60f0a085101667508d09c1644e5d1081e6fbd0c986d46977a3503564754fbf0f138fe7c1947ec338f0001000000c06f93006acad92b51018ecdc51d7c98b64a51f2c4c19e2be313af46a41bbb620432be7f2f78a27f7c1aec338f0001000000c06f930012f74e0751010cbaefed54fd1649a330c94f3855f420cf5b484cf825f80bb057dd5c36d6de55ec338f0001000000c06f93001abcf31351010a4e4d42da7db5a596f81b273ea57c68f89462ea188bb16db3fcee449e559857ec338f0001000000c06f930046dc3b1d51010af7ea9dd071f1c8871c9a097ef7ac756fb766051fbf9bf3087d79fad7969275ec338f0001000000c06f9300b2a615495101a8a09c4c9ddabd9e44a03001d5d087b671515add29bdf80ac1860e8fc39d9f49ec338f0001000000c06f93007a28c5085101d60e4534a6560b031b6560d914bb3c120527e5e8f856aeeed5791908f9a49c2dec338f0001000000c06f93003e946204510154fa74dea758135c9ea4be6fe21b0193ac08f51b8627526f49c60c3ae79ddf39ec338f0001000000c06f93008a7ba703510190715f5c5da33fa9647cf0b44371ab087d76182fae08d3aa7ee08a98586bb120ec338f0001000000c06f93003e9462045101a83bd2376b7ee569781c2f1c34881d1dfdcb227c746513a0165c9439f5395862ec338f0001000000c06f9300ce82780e510192a39773e10517c53421b3081b0fc945ddf2a29779a93c98557decd5a619c426ec338f0001000000c06f9300a6c5d8055101f6354361a43b2ac461373d645f232de95222e5a067e4dfae25752e1f5a92c855ec338f0001000000c06f9300b2a615495101e87be1a78069cc907f7dedcae2e6676ba8412ba93b524120631d8a3e8a43857aec338f0001000000c06f93005ad38a2451019023a5ca5fabcc3a54e2883c7e78a388202cf4e90b55232d8b2745a93699c115ec338f0001000000c06f93006209431251019e7eda9745882953d8138b7425167350437af0f4fea2c210fea2c1fba66dc479ec338f0001000000c06f930082a35a045101a6ac762cb8b559640719a564f6a98a9f3398963cca8b75fd144d83ada2671b72ec338f0001000000c06f93000299632a51014ad8c9d8ab9dde583958345342849929a6dbe1b889c62f8ce3588de279cceb12ec338f0001000000c06f9300166abd0d51017088179494941f7466025e3eef0309858539422742f29fa5a6aac63177a7c01cec338f0001000000c06f93003e9462045101eea39739cf422a6c6b2f350d2efb92428b71b408ef76b64165c32fedb7d32f16ec338f0001000000c06f9300b20db21e51014e962357fe6bca80c71262081cf564b695cfc95126c2ba56e276d9165a1ea071ec338f0001000000c06f93000752b9be3f01

- Bifrost users contributed 153,189 DOT to support HydraDX Crowdloan via SALP.
- HydraDX will distribute Crowdloan rewards to all contributors.
- HydraDX will help Bifrost on reward distribution on HydraDX parachain.
- There is some encoded call data on HydraDX chain.
- This proposal is to approve HydraDX to help Bifrost on reward distribution.

Approve HydraDX to execute HDX Crowldoan reward distribution for Bifrost

## TL,DR

This proposal adjusts vDOT, vGLMR commission rate from 0.1% to 10%.

## Summary

According to the Roadmap, Bifrost will launch the new BNC Tokenomics in the 3rd quarter of this year, which means that vToken will serve as the main source of protocol revenue to support BNC's stable ecological and economic cycle. All the vToken Commission will all be kept in the treasury, and will be used for BNC repurchase after the new tokenomics goes live and continue to incentivize veBNC holders, vToken Farming and etc.

vTokens for this commission adjustment:

**Bifrost-Polkadot**

vDOT: Commission rate 0.1% ⇒ 10%

vGLMR: Commission rate 0.1% ⇒ 10%

More Commission allocation and usage scenarios can be discussed through Bifrost's upcoming OpenGov Treasury Track. 

Stay tuned.

- Bifrost is launching a new tokenomics system in the 3rd quarter of this year.
- vToken will be the main source of revenue to support the BNC ecosystem.
- All vToken commission will be kept in the treasury for BNC repurchase and incentives.
- The commission rate for vDOT and vGLMR will be adjusted from 0.1% to 10%.
- There will be more discussions on commission allocation and usage scenarios through Bifrost's upcoming OpenGov Treasury Track.

Democracy Referenda