#276·Create a BNCS farming pool and charge (second proposal)

Here is the link to the previous unsuccessful proposal: https://bifrost.subsquare.io/democracy/referenda/92.

After discussions, we have made revisions to the proposal and are reapplying. The main modification this time is the adjustment of the farming ratio: farming BNC 60% → 50%, and BNC exchange to vDOT 40% → 50%. We hope that these adjustments will allow BNCS to gain more sustainable income and facilitate continuous development in the future.

Farming duration: 6 months
Total planned rewards:
146,028,427,174,824,000 BNC (12 decimal places)
9,372,664,183,041 DOT (10 decimal places)
Expected start time: Start immediately after the proposal is approved
The BNCS farming lock-up period: 201,600 (28 days)

In general, the BNCS team plans to reward BNCS holders by returning 50% of the BNC transaction fees consumed by BNCS through farming. In addition, 50% of the BNCS will be exchanged for vDOT and the expected DOT yield from vDOT will be distributed to BNCS holders through farming.