Note: Since the previous proposal preimage was removed before it executed, this proposal re-submited preimage and go though fast-track execution.
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:
- Propose to transfer 1,200,000 BNC from Bifrost-Polkadot Treasury to Foundation (dmTEFZ77m7WtJmd7PY6pMh111uTtW9jpwfwasTGsWKUGp5M)
- Bifrost Foundation fuels 1,200,000 BNC to three CEXs
- Bifrost Foundation withdraws 1,200,000 BNC from CEXs to Bifrost-Kusama
- Bifrost Foundation sends 1,200,000 BNC to Bifrost-Kusama Treasury
*Bifrost Treasury: eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F (same on Bifrost-Kusama and Bifrost-Polkadot)