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**Name of node provider:** LEGEND (Polkadot)

**Brief Description on node provider:**  Node Runner FZCO is a stake-as-a-service company based in Dubai, UAE. It operates multiple validators under the “LEGEND” brand, focused on DOTSAMA ecosystem, such as Polkadot (1kv program), Kusama (1kv program), Moonbeam & Moonriver.

**Number of nodes that want to join the Validator  Boost List:** 1

**The address of the node that wants to join the Validator Boost List and which network:** 14zfiH2sMH955cG2yKUQbHSP3oQ8W4Ai9p9wSSZunvQ4TU4k

**Liquidity Contribution by VBL Applicant :**

1. Token amount  provided to minting vToken: 24,500 vDOT
2. Plan to provide vToken liquidity 
vToken - Token LP : 24500 vDOT+39111 DOT

**Other**

- The company validator is self funded and fully supported by the community. 

- We have a potential of minting up to 240k vDOT in total (including the 24,500 that have already minted so far). We may mint more vDOT in the following scenarios:

1. When our current vDOT-DOT is getting out of range, meaning the entire vDOT is fully converted to DOT (due to impermanent loss). In that case we’ll re-supply liquidity by minting new vDOT.

2. We currently provide liquidity on Moonwell app using part of our DOT in order to borrow USDC/USDt. Once it’ll be possible to use vDOT as a collateral on Moonwell, we’ll exchange our collateral from DOT to vDOT by minting vDOT.

- Once the VBL proposal is accepted, we’ll immediately add another vDOT-DOT liquidity of about 16,500 vDOT-DOT (in total).

- Once the VBL proposal is accepted, our validator fees will be decreased from 5% to 3%.

- Besides that, we hold another 1.4m GLMR tokens that we’ll consider minting into vGLMR as well in the future.

- We run a small telegram group for delegators' questions and weekly updates regarding the nodes we’re operating. We’ll start sharing all necessary information regarding Liquid Staking via Bifrost whether our VBL proposal passes or not.



- LEGEND is a company in Dubai that runs validators for different blockchain networks.
- They want to join the Validator Boost List with one node on the Polkadot network.
- They will provide 24,500 vDOT tokens to mint vTokens and plan to provide liquidity for vToken-Token LP.
- LEGEND may mint more vDOT in the future if needed for liquidity or collateral.
- If their proposal is accepted, they will add more vDOT-DOT liquidity, decrease their validator fees, and share information with delegators.

Legend VBL DOT proposal

# Summary
This proposal will execute to stop farming rewards of following pools:
- vDOT-DOT
- vGLMR-GLMR
- vsDOT-vDOT
- vFIL-FIL

Instead creating following new stable pools and incentivize them：
vDOT-DOT Stable Farm
  - Start time: 10.24 8:00 HKT, at Block: 3,314,051
  - BNC emission per block (12 decimals): 503,128,699,476

vGLMR-GLMR Stable Farm
  - Start time: 10.19 18:00 HKT, at Block: 3,285,854
  - BNC emission per block (12 decimals): 38,051,750,381

vsDOT-DOT Stable Farm
  - Start time: 10.19 18:00 HKT, at Block: 3,285,854
  - BNC emission per block (12 decimals): 19,025,875,190

vFIL-FIL Stable Farm
  - Start time: 10.19 18:00 HKT, at Block: 3,285,854
  - BNC emission per block (12 decimals): 19,025,875,190

vDOT-USDT Zenlink Pool
  - Start time: 10.24 8:00 HKT, at Block: 3,314,051
  - BNC emission per block (12 decimals): 126,839,167,935

SubSquare is proposing to stop farming rewards for some pools and create new stable pools. The new stable pools are vDOT-DOT, vGLMR-GLMR, vsDOT-DOT, and vFIL-FIL. Each of these pools will have a start time and a BNC emission per block. Additionally, a new pool called vDOT-USDT Zenlink Pool will be created with its own start time and BNC emission per block.

Update farming pools on Bifrost Polkadot

# 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.

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