candidates

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Arkada integration for Bifrost ASTR staking program

Bifrost is a Liquid Staking app-chain that allows users to earn profits by staking their cryptocurrency. They are planning to launch Bifrost 2.0, which will include new tokenomics and cross-chain integration. They propose using 100% of the profits from the Bifrost protocol for the buyback of BNC, with 90% allocated to bbBNC holders and the remaining 10% to be burned. bbBNC is a type of escrow token used for sharing the protocol's profit. Users can obtain bbBNC by liquid staking BNC to acquire vBNC and then locking this vBNC to receive bbBNC. bbBNC holders will share protocol profits, have staking rewards, governance rights, and boosted farming. Bifrost's revenue comes from vToken commission, system staking, tx fee, vToken swap fees, expanded application revenue, and bbBNC early redemption slash. The higher the proportion of bbBNC value in the overall, the more you might get in various bbBNC holdings benefits. Bifrost 2.0 upgrade has officially launched, and bbBNC core logic code development is complete and in the testing process.

Bifrost Tokenomics 2.0 (bbBNC) Proposal

MARKET ACROSS VBL Bifrost Proposal

- A request for $20,000 worth of BNC (92,165 BNC) is made for 3 months to fund future needs.
- The goal is to develop Bifrost DevRel and encourage creative lite-applications using Bifrost Bounty Program and SLPx.
- A Grant Committee will provide feedback on proposals and manage funding through a multisig address.
- The Grant Curator Fellowship includes members like Victor, Thibault, Lurpis, Yancy, and Tyrone.
- Any unused funds will roll over to the next funding period.

Request $20,000 BNC for Bifrost Bounty Program

- **Name**: HIRISH (Polkadot)
- **Job**: Engineer managing 4000+ servers
- **Experience**: Active in crypto since 2010, ran Bifrost-Kusama collator
- **Current Validators**: 1 Polkadot, 2 Kusama, 1 Tangle
- **Node Address**: 1ZSBCqzRGDqGSNBZYoMR3kFGhcXdgRhm9nDV88j7ZvWGUc4
- **Liquidity Plans**: Will contribute once rewards from DN program are received
- **Request**: Support for joining the Validator Boost List

HIRISH VBL Polkadot proposal - Renewal

- Sonus Exchange is a new type of trading system that helps people swap tokens easily.
- It works with other projects to make trading better and safer.
- Sonus has many users and has done over 300,000 swaps on a test network.
- The team also created SwapBased, a popular trading platform on another network.
- Sonus wants to partner with Bifrost to let people mint vASTR tokens on their platform.
- They will create a special page for minting vASTR and offer rewards for providing liquidity.
- Sonus will share 50% of the commission from vASTR trading to encourage more people to join.

Sonus Exchange Integration of Bifrost ASTR Staking Program

**LEGEND Node Provider Summary**

- **Location:** Dubai, UAE
- **Focus:** DOTSAMA ecosystem (Polkadot, Kusama, Moonbeam, Moonriver)
- **Polkadot Validators:** 3 active, 1 in the Decentralized Nodes program
- **Kusama Validators:** 4 active, 2 in the Decentralized Nodes program
- **Moonbeam Collators:** 2 active
- **Moonriver Collators:** 1 active, with plans for a second
- **Bifrost Contribution:** Plans to launch a Bifrost collator, with significant BNC holdings and liquidity contributions
- **Ecosystem Improvements:** Suggestions for better collator selection and increased Polkadot VBL seats, and plans to improve Bifrost documentation

LEGEND VBL Bifrost Proposal

- Polkadotters is a validator team proposing to join the Validator Boost List (VBL) for Polkadot.
- They started in 2020 and created the first Czechia & Slovak Polkadot community.
- They contribute to Polkadot and Kusama through the 1000 Validators Programme and Decentralized Nodes Programme.
- They co-founded the DOT Validator Alliance DAO and assist with collator programs.
- They operate 34 RPC nodes and provide validation and collation services for multiple parachains.
- They actively promote Bifrost through articles, news, and community engagement.
- They propose their node "Polkadotters/🐙 OCTOPUS" for the VBL with a 1% commission fee.
- They are active in governance and have a strong community presence on various platforms.

Application for membership in Bifrost VBL - Polkadotters - update

**HoneyStake.xyz**

- **Owner**: Luis, an experienced IT engineer with over 10 years in DevOps.
- **Experience**: Involved in crypto since 2017, including Bitcoin and Ethereum mining, and Polkadot ecosystem.
- **Current Role**: Operates Kusama validators and collators for various parachains.
- **Performance**: No slashing or significant performance drops as a validator.
- **Application**: Wants to join the Validator Boost List with a Bifrost-Polkadot collator node.
- **Liquidity**: Holds 11,000 BNC tokens and 3,500 DOT, part of which can be used for minting or pooling.
- **Website**: [HoneyStake.xyz](https://www.honeystake.xyz/)
- **Interest**: Excited about joining the Bifrost project.

HoneyStake.xyz VBL Bifrost-Polkadot Collator Candidacy

### Kyo Finance
- **Kyo Finance** is a decentralized exchange (DEX) with features similar to Aerodrome, focusing on simplifying DeFi operations.
- It allows users to **batch operations** like claiming rewards, adding/removing liquidity, and swapping in a single transaction, reducing gas fees and clicks.
- **Epoch-less voting** means users can vote, claim, and bribe anytime, ensuring bribes are never wasted.
- **Smart voting** automatically distributes votes for optimal rewards.
- **Fungible ve tokens** replace illiquid NFTs, and the platform supports configurable pools for ERC20, ERC721, and ERC1155 tokens.
- Kyo Finance plans to integrate **Bifrost's liquid staking** of ASTR to mint vASTR, offering incentives for users.
- A **shared reward rate of 50%** on Bifrost's minting commission is proposed to encourage vASTR liquidity.
- **Website**: [kyo.finance](https://kyo.finance), **Twitter**: [@kyofinance](https://x.com/kyofinance), **Discord**: [invite link](https://discord.com/invite/hZkhewnCPp), **Docs**: [docs.kyo.finance](https://docs.kyo.finance)

Kyo finance integration for Bifrost ASTR staking program.

**LEGEND (Polkadot)**

- **Node Provider:** Node Runner FZCO, based in Dubai, UAE.
- **Networks:** Operates validators on Polkadot, Kusama, Moonbeam, and Moonriver.
- **Polkadot Validators:** 3 validators, one in the Polkadot Decentralized Nodes program.
- **Kusama Validators:** 4 validators, two in the Kusama Decentralized Nodes program.
- **Moonbeam and Moonriver:** 2 and 1 active collators respectively.
- **Commitment:** Significant self-bonding (37k DOT) to align with nominators.
- **Contributions:** Minted 100k DOT, provided liquidity, and suggested improvements for collator selection and ecosystem growth.
- **Request:** Seeking to join the Validator Boost List with a 3% commission.

LEGEND VBL Polkadot proposal - Renewal 

### Snapshot-Based vBNC Migration Plan

- **Objective:** Migrate vBNC from Bifrost-Kusama to Bifrost-Polkadot due to lack of cross-chain support.
- **Method:** Use a snapshot-based migration process to ensure timely completion.
- **Timeline:** The entire process will take about 4-5 working days, starting on November 27.
- **Phases:**
  1. Initialize vBNC on Polkadot.
  2. Suspend services on Kusama.
  3. Snapshot and migrate assets.
  4. Distribute new assets and resume services on Polkadot.
  5. Clean up residual data on Kusama.
- **Community Actions:**
  - Check and record your vBNC holdings.
  - Unstake BNC from Kusama and transfer to Polkadot.
  - Pre-mint vBNC on Kusama to simplify the migration process.
- **Tutorial:** Available for pre-minting vBNC on Bifrost-Kusama.

Proposal: vBNC migration from Bifrost-kusama to Bifrost polkadot

SubWallet is a wallet for the Polkadot and Kusama ecosystems that helps users track, send, receive, stake, contribute to crowdloans, and manage multi-chain assets with ease and security. It is available on mobile, web, and browser extension platforms. 

SubWallet offers a one-stop-shop staking solution for the entire Polkadot ecosystem, including native staking and liquid staking. 

SubWallet is the first wallet to integrate Bifrost's liquid staking products, vDOT and vManta, directly into its staking dashboard, extension, and mobile app. 

SubWallet and Bifrost have collaborated on marketing campaigns to promote earning and staking methods with DOT. 

SubWallet proposes a commission rate of 50% of Bifrost's protocol commission to support the development of new integrations and maintenance of current ones. 

SubWallet is willing to support the growth of Bifrost through targeted initiatives aimed at increasing user engagement during liquid staking campaigns, including visibility and promotion, content marketing, and dedicated user support.

SubWallet and Bifrost Liquid Staking Partnership

Add Injective 

- Bifrost is proposing to increase the commission rate of vDOT to 10% to prepare for the launch of Bifrost Tokenomics 2.0.
- This will encourage more people to use vDOT, which will help grow the user base and increase Bifrost's revenue.
- Bifrost Tokenomics 2.0 will offer enhanced benefits to users holding both bbBNC and vDOT, which will motivate bbBNC holders to mint more vTokens and drive up total protocol revenue.
- Increasing vDOT's commission rate is crucial for attracting partners to the Reward-Share Program (RSP) and expanding its user base.
- With more partners, vDOT can be used in more applications, which will benefit the entire ecosystem.

Recover vDOT Commission Rate to 10%

- The proposal has 3 objectives for farming adjustment.
- The first objective is to transfer 47,786 BNC from Treasury to Bifrost Foundation for charging.
- The second and third objectives are to edit adjusted pools and dispatch Treasury to charge BLP to Stable Farms.
- The adjusted pools table shows the pairs, Pid, BNC, ZLK, and BLP with decimals.
- The total BNC transferred is 47,786.

Farming Reward Charging - Sep-Oct

Rafael Yahlomi is applying for the INFRA fellowship in the Bifrost community. He has a background in finance and algorithm development, and is fully invested in the Polkadot ecosystem. Rafael is a liquidity provider on the DeFi space and runs validators/collators on the Polkadot ecosystem under the LEGEND brand. He believes in the Bifrost network and wants to help it thrive. Rafael has extensive experience in the crypto ecosystem and knows the Bifrost ecosystem well. He has the time capacity to support Bifrost since he is fully dedicated to the Polkadot ecosystem.

Application for INFRA membership in Bifrost fellowship - Rafael Yahlomi

- LEGEND is a node provider that operates validators for different blockchain networks like Polkadot and Kusama.
- They want to join the Validator Boost List with one node on the Polkadot network.
- They will contribute 1m GLMR and 40k DOT tokens to mint vTokens for liquidity.
- LEGEND has already minted ~67k vDOT and added it to StellaSwap LP over the last 6 months.
- They plan to increase their vDOT minting to ~119k total and are building a website for Polkadot nominators to help them choose validators.

Legend renewal VBL DOT proposal

1. Bifrost treasury wants to add more BNC deposit into HydraDX Omnipool to increase on-chain liquidity.
2. The proposed amount is 1.216M BNC ($639.3k), which is 5.8% of the treasury.
3. The current BNC treasury deposit in the Omnipool is $360,665, and increasing it to $1M or 2.3% of FDV is the goal.
4. Increasing BNC liquidity on-chain can support larger money markets for BNC and enable another use case for BNC hodlers.
5. The proposal puts to use "Treasury Owned Liquidity," which can earn fees, add token use cases, deepen liquidity, and have no listing fee or recurring costs for market making or LM.

Deposit additional BNC into HydraDX Omnipool

decentraDOT is a node provider that offers high-quality Polkadot validators in The Netherlands. They use their own in-house hardware for top-notch security and performance. They have joined the Polkadot Thousand Validator Program and are one of the largest pools in the Polkadot network. They want to join the Validator Boost List for Polkadot with one node. They have provided liquidity contribution by providing 8,350 vDOT and future commission of their validator network will be moved into vDOT. They offer Polkadot guides, validator selector tool, validator list, and validator dashboard.

decentraDOT - Validator Boost Applicant

Staker Space is a team from the Netherlands that provides infrastructure for decentralized networks. They want to add a second validator to the VBL on Polkadot. They will contribute 75% of their commission earnings for the first 6 months as liquidity. They also provide support and information to their community on Discord and Twitter. They have a good monitoring system for their server in Amsterdam and are proactive validators. They have three validators in Polkadot and don't plan on creating more.

Validator Boost List Applicant: Staker Space

- Merkletribe.io and Bifrost.finance have a strong partnership.
- Merkletribe.io is nominating VBL nodes for Polkadot Network consensus.
- Merkletribe/Kazaki is one of the VBL nomination nodes for KSM.
- Merkletribe.io is a node as a service business that aims to maintain secure the POS consensus and provide a solid staking framework for Liquid staking solutions like Bifrost.
- Merkletribe.io has a Twitter profile with 100 followers and the founder has a profile with 5000 followers in the crypto Italian sector. They do not have a presence on Telegram, Discord, or YouTube.

Validator Boost list Proposal - Merkletribe

1. Someone is suggesting that we put all our assets together with BNC to earn more interest.
2. They wanted to transfer ASTR to BNC but there wasn't a pool available.
3. They propose creating new pools for BNC/FIL, BNC/ASTR, BNC/GLMR, BNC/vDOT, and BNC/USDT.
4. Adding more pools is not currently inspiring people to deposit assets and the slippage fee is high.
5. The proposal aims to solve this problem and make it easier to transfer assets between different cryptocurrencies.

Pool all current and future assets with BNC?

- This is a proposal to get money for a technical purpose.
- They want to get 5,000 DOT from the Bifrost Treasury to the Bifrost Foundation.
- The money will be used to make a decision about a Polkadot Referendum proposal.
- The proposal is about connecting two Bifrost parachains to prevent any pause in block production.
- After the proposal, they can keep the money or give it back to the Treasury.

Discussions