![](https://luckyfriday.io/wp-content/uploads/2022/06/lucky-friday-logo-full.png)

Dear Bifrost Community,

Lucky Friday operates validators on the Polkadot and Kusama relay chains. In addition to several validators nominated by Bifrost, we run collators on 18 parachains and validators on several blockchains outside the Polkadot ecosystem.

Lucky Friday includes members with decades of experience in Web 2 infrastructure and several years of experience in Web 3, focusing on Dotsama through Paradox (CTO), ThePhunky1 (Protocol relations), and KBL (Kusama Kingdom), creating diversity and knowledge that is utilized to construct secure, efficient and reliable infrastructure operations.

Lucky Friday seeks to join the Validator Boost List based on the following factors:

- Our strong ongoing partnership with the Bifrost team, in which we have worked alongside them to help provide consultative services on a wide array of issues.
- Providing optimized returns for our nominators as demonstrated to the BiFrost team.
- Running genuinely decentralized, wholly-owned bare metal servers. Unlike some other validators/collators who use cloud-based services or rent hardware from centralized services, Lucky Friday continues to expand its operational presence worldwide. Currently operating in six countries, our bespoke products run on our own hardware in SOC2 and CCSS-compliant data centers.

We hope to continue our valued relationship with the Bifrost team if it is the will of the community.

**Our Kusama validators:**

- HhnoTHGW76ewz4ZL5Y4F9aPAqD5grq449U6mKfp6i1KuutX
- GXBZmr9NyFgPg92VZGRR3NEQKQNQEu8FqoBFdqSdCyWRscF
- EDyyDPurqzeZjAL8ka17JQiw6RH86HgpK1g91GfqM8VHxuh
- DUqVsPLuFLJL2Ev7S7UeWLzVwqk9H7KpezCozKFLrf75bfR
- FvR2jsv8ztP6PphQ6qwPJRNMKWCULcwHAgStLFR6u7zkwqc
- HoC82Uep7DFe1ojfGLmEUZ36bXPmtkXScoGqWzyPenqgmEn
- J6HxQniipCQLVAJxzC1pn2DphoN3za9eAq1bhkBtMhZ9sid
- GM31KcErdS3ob8wmFSbLycccJ6YGvvTXLBAawd6d9wkAxqj
- EdRPifdGyiFPkTz6wPkSJoUKMua4cz7tqy5HYgXtwsUm6M2

**Our Polkadot validators:**

- 14AakQ4jAmr2ytcrhfmaiHMpj5F9cR6wK1jRrdfC3N1oTbUz
- 14NG7QT8U3CDcWYgxqDR8CwwAwoVXZKrA1WpujsCTEP63paE
- 

SLP Boost Validator List Proposal | 🍀 LuckyFriday.io 🍀

Hello community, 
to support the Bifrost growth, we at Masternode24 are applying for the Validator Boost List selection in the following chains, Moonbeam and Polkadot.

Our Polkadot Validator: 14Q74NU7dG4uxiHTSCSZii5T1Y368cm7BNVNeRWmEuoDUGXQ
Our Moonbeam Collator: 0x13a61daC75e2F66721dcaEdA726be1E636928800

We expect VBL validators to provide added value to the SLP protocol or vToken holders to promote the long-term development of the protocol.
- Contribute our part as Liquidity provider for DOT and GLMR trading pairs.
- Talk about Bifrost vTokens with our delegates and social media channels to gain more reach and popularity.  
- We are also open about other cooperation opportunities once we have expanded our team a bit.

If you have questions, wishes or suggestions, we can discuss it here in the forum.

Many greetings and good luck
Alexander Buterus
[Masternode24.de](https://masternode24.de) founder




SLP Boost Validator List proposal - Masternode24

test : you can delet

**Name of node provider:** Iceberg Nodes (or 🧊 Iceberg Nodes 🧊 as identity on-chain on most of networks)


**Brief Description on node provider:** Iceberg Nodes provides secure non-custodial staking services as validators on relaychains and collators on parachains of Polkadot and Kusama ecosystems. The team members are highly involved on community activities, governance on chain and technical support to projects teams during various phases of their roadmap.


**Network, number of nodes and addresses of the nodes that want to join the Validator Boost List:**

 • Polkadot, n°1 validator:
 ◦ Identity: "🧊 Iceberg Nodes 🧊/V1", address: 14ices1G5qTmqhMfDVBECh4jotNDGTLu8fhE9YktWT3cLF2F

 • Kusama, n°2 validators:
 ◦ Identity: "🧊 Iceberg Nodes 🧊/V1", address: Eices1KaGTYqiazfjJpwyjnz5UzqTxULeYqnmeJNz49gs19
 ◦ Identity: "🧊 Iceberg Nodes 🧊/V2", address: H6rdnNwvHFKw5tfF7kXSssta5AYmysrJrZkRmAbzw6Vm3p8

 • Moonbeam, n°1 collator:
 ◦ Identity: "🧊 Iceberg Nodes 🧊", address: 0xCA98D4378393040408100f490bF98b03F5E7DeB7

 • Bifrost, n°1 collator (already included in the actual VWL):
 ◦ Identity: "Iceberg Nodes", address: dsFgqAw7RxTTxCrHrpvTaoVa24B4CUZ6QmNFWDWEQS6ou79

<ins>Note:</ins> due to a little issue that occurs on Subscan Explorer, sometimes our sub-identity is not displayed properly or not displayed at all on Polkadot and Kusama chains for the above addresses, but you can cross-check using another explorer or Polkadot JS.


**Liquidity Contribution by VBL Applicant:**

 • Total token amount provided: 100000 GLMR
 • Token amount provided to minting vToken: 50000 GLMR
 • Plan to provide vToken liquidity:
 ◦ Single token farming: N.A.
 ◦ LP Token - vToken: 50000 GLMR + 50000 vGLMR

 • Total token amount provided: 14500 BNC
 • Token amount provided to minting vToken: 7250 BNC
 • Plan to provide vToken liquidity:
 ◦ Single token farming: N.A.
 ◦ LP Token - vToken: 7250 BNC + 7250 vBNC

<ins>Note 1:</ins> Liquidity contributions for DOT and KSM tokens (avoided to put in the list above) being small (about 100 KSM and 300/500 DOT) because unfortunately at the moment our tokens are already locked on other activities (crowdloans, etc…). The free ones and future rewards will be used to provide liquidity on Bifrost. Any amount of tokens provided will be reported in the monthly periodic node run report in this discussion or referendum discussion on bifrost.subsquare.io

<ins>Note 2:</ins> the above tokens amounts (GLMR and BNC) could be increased during the time and if there will be opportunity to do so (for example future rewards). Any amount of tokens provided will be reported in the monthly periodic node run report in this discussion or referendum discussion on bifrost.subsquare.io 


**Marketing - Informational support/contribution by VBL Applicant:**

Iceberg Nodes (with other italian people and nodes runners) is founding member and/or admin in most of italian Telegram groups about the Italian community of Polkadot and Kusama ecosystems. The ecosystem is comprehensive of a series of italian Telegram groups such as: Polkadot/Kusama Italia, Bifrost Italia, Moonbeam & Moonriver Italia, Astar & Shiden Italia, RMRK & Substrate NFT Italia, ChainX Italia, Acala & Karura Italia, Manta & Calamari Italia, Bit.Country & Pioneer Italia, KILT Italia, Totem Italia, OAK & Turing Italia, Aventus Italia, Pendulum & Amplitude Italia, Composable & Picasso Italia, Acurast Italia, etc… 
Most of groups above are “official groups” created by teams themselves and then assigned to us for the managing and moderating. As mentioned above we are not the only owners/admins there, but we are working together also with other italian people and node runners, as we believe in cooperation and helping each others as we are all volunteers on doing this and also because as you can see the amount of work and informations for all these projects is huge.
Michele from Iceberg Nodes is also helping with italian community sometimes, but he is mostly active on managing/helping people on internationals (official and unofficial) groups of above projects.

At the scope of this proposal, we can provide the following educational initiatives around Bifrost SLP or Bifrost service in general:

- helping on managing the Italian Telegram group of Bifrost (https://t.me/bifrostitalia), Thomas is already there as supervisor and I suggest also Christian to join it as italian Bifrost team member;

- organize a live video-call & AMA & giveaway (with some BNC amount) on Bifrost Italia Telegram group (https://t.me/bifrostitalia) regarding Bifrost and its services, the link to the recording will be posted in this discussion or referendum discussion on bifrost.subsquare.io

- provide Italian translations of Bifrost medium articles on Polkadot Arena Blog (https://www.polkadotarena.blog) and translations of most important Bifrost tweets via Polkadot Arena Twitter account (https://twitter.com/PolkadotArena) and re-posted on Bifrost Italia Telegram group. Polkadot Arena is a blog containing articles, news, translations and tutorials about Polkadot and Kusama ecosystems (relaychains and parachains) mainly focused on Italian community. As Polkadot Arena is composed by italian volunteers, Iceberg Nodes will be sponsoring for all the above translations regarding Bifrost. Iceberg Nodes is sponsoring member of Polkadot Arena (as you can see in the middle of homepage in the right). All the link to translated articles and tweets will be posted in this discussion or referendum discussion on bifrost.subsquare.io

- Any other initiative (optional) that will be carried out and of interest for Bifrost will be posted in this discussion or referendum discussion on bifrost.subsquare.io

We hope with such initiatives to increase the Bifrost Italian community.


**Other:**

- We will produce a monthly periodic node run report for each validator/collator in the VBL and we will post it in this discussion or referendum discussion on bifrost.subsquare.io 

- We will do our best to ensure the nodes performance, at the time of writing this proposal we never had slashing on our Polkadot and Kusama validators, and on Moonbeam and Bifrost we are active since the beginning of DPoS launch without a single round with 0 blocks produced or out of active set, so 100% of rounds active (you can check on Subscan looking at the “Rewards” tab or any other monitoring tool for those chains).

- We also provided you some feedbacks during the community call (that we hope will be implemented very soon), that are:

	- Provide a general document about liquidity staking as the one already created (this is OK), but also provide a specific one for each chain (or group of chains with the same consensus and mechanisms) in which you have launched your service: as every chain has its consensus and staking mechanism (or better we can define some groups in which we can group the various chains), it should be very helpful to have described specific mechanism for each of them.

	- Implement a smooth or gradual unstaking mechanism when a collator should kicked out from VWL or VBL for any type of reason (we can’t predict the future and what will happen). As we expect a big success for Bifrost, in some chains will be very easy for a collator to have a single vote from Bifrost liquid staking with an high weight on total staked amount on that collator. If Bifrost liquid staking mechanism for some reason unstakes all entire amount in one time, this will lead the collator in trouble. Also this behavior will cause a very chaos in chain and it will not help the collator set stability, with problems also for some delegators.


In the end, we would like to thank you for the opportunity and since Iceberg Nodes, in addition to the chains above (inserted in this VBL application), it is running collators also on Astar, Shiden, Calamari, Turing, Zeitgeist, Basilisk, Pioneer Bit.Country, InvArch Tinkernet, Kintsugi, GM, Amplitude, Statemine, ChainX (validator) and other chains are already planned when launched, it has additional liquidity to provide when Bifrost will launch SLP also on those chains, so we look forward to a long and strong partnership, starting from the present VBL proposal.
So in the future when Bifrost will launch SLP for other parachains, we will apply for a new VBL also for those.

Best Regards
🧊 Iceberg Nodes 🧊 Team

SLP Boost Validator List proposal - 🧊 Iceberg Nodes 🧊

Hello Bifrost community,
PromoTeam is the one of the first supporters of Bifrost. We are here from the early beginning.  
PromoTeam is also Validating dozens of the projects , including Polkadot and Kusama. Our professional validation team have the best quality servers and tech specialist to provide best possible validation service with 100% uptime and no slashes in every network.  We at PromoTeam are applying for the Validator Boost List selection in the following chains, Kusama and Polkadot. Here is the 

Our Polkadot Validator: 12BkPLskXyXrHhktrinLxVFkPzzvCzCyVCaqHkUEoxMwSzeq
Our Kusama Validator 1: Dm4uKxZJZHJbpZpfnYPiHnbgyHWKMU1s5h6X7kqjfYv1Xkk
Our Kusama Validator 2: GZKWWW7jXFUTKDZRz9mkGAdsCKyGJbjMedESAF73jyLPajb

As marketing and content team we are going to continue provide informational support for Bifrost:
- covering Bifrost news on our twitter and telegram channels
- retweeting Bifrost 
- translating main messages and promoting Bifrost in our Russian speaking community
- support and develop Russian speaking Bifrost community 
- invite people to participate in Bifrost Liquid Staking solutions

Many greetings and good luck
Alex PromoTeam

SLP Boost Validator List proposal - PromoTeam

Dear Bifrost Community,

CoinStudio is present on both Kusama and Polkadot and validating since 2019. Our validators were selected by Bitfrost vKSM nominations on several occasions. We would like to extend this partnership and continue validation service for the Bitfrost liquid staking service and its users.

We are also a long time member of Web3 Foundation 1KV program with excellent record regarding the performance and the server uptime. We are actively participating in the governance proposal and supporting the true Web3 mission.

- Reliable and the long term member of W3F Polkadot and Kusama 1KV program
- Skin in the game - following the 1KV program minimum stake recommendations
- operating at the minimum commission 1% on Polkadot and 3% on Kusama
- Automatic reward payments under the payment guard ensures immediate distribution of the staking rewards

Interested in providing additional value to Bitfrost through the staking pools, governance referenda and social media marketing.

Our Kusama validators:

CoinStudio
GCMGu8sjEuEZuMZavo5PLvAhr8fJXAty76jDV1YPquG9erp
CoinStudio/CS1
JBmYvpebasxckBsohyyWse7yggsowfgt5xRJvkzu2txUJdi

Polkadot validator
14d2kv44xf9nFnYdms32dYPKQsr5C9urbDzTz7iwU8iHb9az


SLP Boost Validator List proposal - CoinStudio

**Name of node provider:**  Jsquare

**Brief Description on node provider:**  We run collator nodes for multiple projects and provide RPC services for partners.

**Number of nodes that want to join the Validator  Boost List:** 6

**The address of the node that wants to join the Validator Boost List and which network: **
- hVBbLhSr9oZytmkmWPWvVbfneR1RaVHR1HVAqAqx44MTLjZ
- c62WA2bTtTTBRqojCF1NQqV7pTGLXvzvryRCxXmDujmXCmm
- hU4rSnQb7ZvLodsTVf7MDoB9diu67EcvsnTvHvzLfmeEruM
- ewS54RpFnntkbj7b8Df1K8erRDvPcvXC6guCR7RQowucE2Y
- fhwVWs62o7mX9bGnLFp76yggtTWEoSvLfvXZNaqftNzHFU6
- gfvMHQ7FJKz3XXyVZKMzqWJn54RBQq8k2EDjxjcYv3X81ni

**Liquidity Contribution by VBL Applicant :**

**Token amount  provided to minting vToken: ** 30000 vBNC 
Plan to provide vToken liquidity:  ** we will gradually increase.**
**Single token farming : ** 29879 vBNC
**vToken - Token LP : ** 30000 BNC+29879 vBNC

**Other**
- Monthly Periodic node run report 
- Ensure that the node performance is in the top 25%
- We can support the development of some small tools
- Astar Collators
    - WuGZ1FuCiogbKTLh1NHJVW66ChahdXmq5gFDc7JWEewtprw
    - Zy4AcKJTqQ2PAzuk7VjfHhrVcvTtQsdEF1SZr67JcvDhs8T
- Shidne Collators
    - ZEzkNSQMod5Ak77gzdYmzyPc3Z2LM2wEtG3NYrhJBC3ci6j
    - ZPFVdCfYrMm512Q3vv8D4i4tU76tp7DWatps7keQpWvVMms



SLP Boost Validator List proposal - Jsquare

**Name of node provider:** Sekoya Labs

**Brief Description on node provider:** Sekoya Labs’s validator and blockchain node services apply the latest in technology to protect, monitor, and provide world class service. Our team operates 20+ nodes across many blockchains and operates in 10+ locations worldwide. We provide full service offerings as our team has 20 years of systems administration coupled along with over a decade of strategy development and management experience. We combine the full suite of the technical know-how with the professional experience of best-in-class analytics and reporting. Below are some highlights of our service:

- Validator Services - Providing validating services for over 2+ years, we know the ins and outs of provisioning, monitoring, and updating our validators. 
- Secure Systems - State of the art security systems and controls have been put in place to safeguard the health of each validator.
- Community - Not only do we validate, we deeply believe in each of the projects in which we provide service. Each of the project communities are very important to us. Additionally, we are currently an active participant in the Polkadot and Kusama 1kv program
- Automated Payouts - Each of our validators have automated payouts at the end of each era to provide rewards back to our nominators as quickly as possible.

Additional information on Sekoya Labs can be found at https://sekoyalabs.com/.

**Number of nodes that want to join the Validator Boost List:** The section below provides a listing of the current active validators that Sekoya Lab operates on Kusama and Polkadot. Our team would be more than happy to spin up additional nodes on Kusama and Polkadot, as well as any other chains as requested.


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

- **Kusama:** Sekoya Labs - Dtf5sKpKrQ3mc9SK1WmRTR3oaKyAS3p27LEeWCLPF6gsDuU
- **Polkadot:** Sekoya Labs - 15PeEsbJeU2BZDgoCmo6xdzsuRaZv1PxLaCUyFmfWPwkZPJ4

**Liquidity Contribution by VBL Applicant :**

**Token amount  provided to minting vToken:** 40000 vBNC 
**Plan to provide vToken liquidity:**
- **Single token farming :**  39528 vBNC (per accepted validator)
- **Single token farming :**  5000 vDOT (per accepted validator)
- **Single token farming :**  44.62 vKSM (per accepted validator)
- **Single token farming :**  4000 vGLMR (per accepted validator)
- **Single token farming :**  188.76 vMOVR (per accepted validator)
- **vToken - Token LP :** 20000 BNC + 19764 vBNC (per accepted validator) 
- **vToken - Token LP :** 2500 DOT + 2500 vDOT (per accepted validator) 
- **vToken - Token LP :** 25 KSM + 22.31 vKSM (per accepted validator)
- **vToken - Token LP :** 2000 GLMR + 2000 vGLMR (per accepted validator)
- **vToken - Token LP :** 100 MOVR + 94.38 vMOVR (per accepted validator)

All numbers above are subject to final structure and details of the Bifrost Validator Boost program. Sekoya Labs also remains open providing additional liquidity depending on additional information. Lastly, we have outside investors that we would be able to connect with if the financial opportunity made sense to convert current funds they have contributed into specific vTokens and liquidity pools. 

**Marketing - Informational support/contribution by VBL Applicant :**

**Quantitative overview on your community (number of users / Geographical focus) :** Over 2 years of Polkadot and Kusama validating with thousands of combined nominators across all platforms.

**Brief breakdown of your channels (Blog, Twitter,Youtube, Telegram,etc.):**
- **Website:** sekoyalabs.com
- **Twitter:** @sekoyalabs 
- **Telegram:** @sekoyalabs
- **Discord:** Sekoya Labs#9953

Provide details around form of marketing and promotion initiatives that can be provided to Bifrost SLP (Blog articles, newsletter, Twitter threads, AMA, community announcements etc) : Please refer to the website and twitter feed.

**Other**
- Monthly Periodic node run report - For all nodes currently operating, Sekoya Labs can provide ongoing monthly reporting. We also provide more in-depth quarterly and annual results and discussions. On top of those regular reports, ad-hoc reporting is provided in any situations that we feel warrants real-time updates.
- Sekoya labs can provide any necessary documentation to ensure that the node performance is in the top 25%

SLP Boost Validator List Proposal - Sekoya Labs

Dear Bifrost Community, We would inform you that we are happy to be part of SLP Whitelist.In order to enforce this new liquidity and cooperation protocol, we forward our official nomination to join the "Boost Validator List" We are part of Dot ecosystem as indipendent operator since early with an active support on relay chains and 2 parachains at moment. Further expansion is on our roadmap. We aim to join new SLP as validator, ensuring following activities: 1) Increase our mktg activties focused on Bifrost parachain and its dAPP;2)Provide liquidity in GLMR / DOT pools;3)Ensure participation in governance mechanism and referenda proposals/consensus vote Our collator address: dNUqBwAFBbCWNzi7Jok3xmcoPfs5FgT6m1iZgcXqvG2SYmm We appreciate every feedback or further ideas. AlfaStake Team

SLP Boost Validator List proposal - AlfaStake

Hi Bifrost Community,

We are applying WBL project and happy to establish a good relationship with Bifrost.

[HashQuark](https://www.hashquark.io/) is the world's leading Web3 infrastructure service provider, providing full- stack infrastructure services from node validation to DID. We support classic node validation services for most of the mainstream public chains, as well as the compliant liquid node validation services. HashQuark has been deeply committed to the building and operation of mainstream PoS blockchains.

Our participation in Polkadot ecosystem and services:
Selected member of the 1kv program.
Early Kusama&Polkadot network validators.
Validator on multiple Polkadot parachains.
Polkacube for Web3 Foundation Grants.
Automatic claiming rewards every era.
Stable node operation.
7/24 operation team.

Our Kusama vadlidators:
HashQuark: D8BfryaM5xN62UuKUpLK5zbZEUSBtA76yP9YddQTKXi9pkB
HashQuark/2: FLdSKZjwaVuLpR2aPRi5csvsWgV6ZA3vZu58qx36oXukM63
Commission: 10%
Our Polkadot vadlidator:
HashQuark: 15BQUqtqhmqJPyvvEH5GYyWffXWKuAgoSUHuG1UeNdb8oDNT
Commission: 3%

In the future we will be actively contributing to the Bifrost community content in our Twitter and medium feeds.

HashQuark Team

SLP Boost Validator List proposal - HashQuark

Dear Bifrost community, 

In order to maintain a strong partnership between [Merkletribe.io](https://merkletribe.io) and [Bifrost.finance](https://bifrost.finance) we are here to forward our official nomination for the VBL at first for Kusama Network consensus, working for nomination also for VBL on DOT and vBNC collator list. 

As Node as a service business our aims is maintain secure the POS consesus along the entire dotsama ecosystem and guarantee a solid staking framework for Liquid staking solutions as Bifrost. 

How nomination nodes for ksm:

MerkleFrost/Bayaka **HtLiQjoJrg2hJp4xc75ruiG8EMmpJkkXmRZztomZyQE4qZt**
MerkleFost/Kazaki **HsXaiGQ7cAUctDTnkX535xFamCEnki8XvtnMMMU6LRapePw**
MerkleFrost/Asaro **G18txVck953m5ZqWiEWF5igBwjQ5vw3eRojm1f8WKi5wxij**

We would like to add in VBL nomination our "still born" 2 official Merkletribe validator on Kusama

Merkletribe/Bayaka 
Merkletribe/Kazaki 

Open to discuss any solutions and suggestions 

BR, 
Merkletribe Team

SLP Boost Validator List proposal - MerkleTribe

Hey Bifrost Community,
Our team is professional validators with extensive experience in PoS. We are validators on the Polkadot, Kusama, Cere Network, Calamari. We are also members of the Orbiters program at Moonriver and Moonbeam
Our team is located in different countries around the world, which enables us to monitor our nodes 24/7. Security and high uptime are our top priority. We also publish our own staking guides, video tutorials and FAQs.

We are very interested in joining Bifrost.

1. KSM: [https://kusama.subscan.io/validator/FHsDBsDmxzsANzvDrPBCzxyRAAYuTHCoe5d6vzi2qEdTBKk](url)
2. DOT: [https://polkadot.subscan.io/validator/16euDe2owvJq7LkwSujGxAFezCWopCKPENxwc2EKdzYTRBae](url)


Detailed information about us can be found on our website: https://ernventures.com/

SLP Boost Validator List proposal - ERN VENTURES

Hello,

At the moment the twitter link on coingecko points to a spam page. Could someone fix this?


Coingecko twitter

Hi, Bifrost community,

STAKECRAFT Validator runs nodes/collator for 30+ projects (such as Solana, Polkadot, Kusama, Centrifuge, Moonriver, Kava, TheGraph, Stargaze, Juno, Band, and many more). 
Our team has earned recognition in the crypto community as a reliable team that approaches with the highest responsibility for all tasks. We receive grants from foundations for having achieved the set goals.
Since we are focused on long-term and productive cooperation, we provide additional services for supported projects, for example, a snapshot service, relayers, etc.
We use only high-grade bare metal servers in Tier-1 data centers such as Hetzner, OVH, and Contabo. 
We have supported Bifrost from the beginning. We are applying for the Validator Boost List selection in the following chains, Kusama and Polkadot. Here are our validators:

1. Polkadot: 13ogHzWQksuwuw4dv6jph1GHGBxjSP8qzwRJzT69dhnhYEv2 
2. Kusama 1: Cs7UFcNBsBV4Y65GsM3bDzpvinMKFQZyt6x9TrhVhc8ps4E
3. Kusama 2: HKzQetwesWrSoCwidmTFxTDKhvGTtstXBSeWoZYeMtipdVH
4. Kusama 3:  EQNMpUBms7Ht9AGSCxpyvzEwiBuSzm4HbzUqfKd8Adcc44p

Since we are applying to the SLP, we commit to maintaining 100% uptime on our node.
In addition, we plan to provide a snapshot service for Bifrost. 
We will also contribute through marketing, content, and community activities: posts on our blog, Twitter, and mentions on our social media and newsletter.

Sincerely,
STAKECRAFT


SLP Boost Validator List proposal - STAKECRAFT

Dear Bifrost Community,

[Stakin.com](https://stakin.com/) has been part of the validator whitelist on Kusama for Bifrost, and we look forward to continuing our relationship with the protocol. 

We have been part of the Kusama and Polkadot ecosystems since 2019, with a long-standing track record of uptime, performance and governance participation.
• Early Kusama validator since September 2019
• Validator on multiple Substrate based blockchains, including Polkadot too
• Selected member of the Web3 Foundation delegation program
• Automatic claiming of the rewards every era (6 hours) enables compounding of the staking rewards
• Dedicated support for all your staking, unstaking, and network-related questions

We hope to be considered for the SLP. In addition to uptime and performance, we will notably contribute through marketing, content, and community activities: posts on our blog, Twitter spaces, podcasts, and mention on our social media and newsletter.

Our Kusama addresses we wish to be considered for nominations:
- Stakin 5: J7GBXrco7J5varAbb5TEUhYbjCZLzKXcTgUTpkFbUoa9GVm
- Stakin 6: GPV2vjV7cTUZSnNmiJGEcbCzFvzB4rU7LxsroLWTNrUXgEB

Let me know your feedback and questions!

Edouard from Stakin.com

SLP Boost Validator List proposal - Stakin

Hello, everyone. Ryabina validator here.
Nice to see Bifrost moving into decentralized governance process.
We’ve been validating Kusama since 2019 and our KSM validators can already be found in vKSM Validators list. We would like to continue providing Bifrost and it’s users with high quality service.

We and our partners are supporting Bifrost in many ways:
- https://ryabina.io/ is successfully running a collator in Bifrost. 
- Our media partner PolkadotNews is a Bifrost Ambassador.
- Part of our team, who is working on Web3alert.io, integrated Bifrost Kusama into their ecosystem to help Bifrost users and developers stay updated and interact with Bifrost Dapps in a timely manner.

Here is a list of our 14 Kusama validators to add into SLP Whitelist and choose from:

Ryabina 2 EGRGtbXhcFcmk78fzFGsxDnf6vc8ZpTyZYjrwCDoeGX2ShN
Ryabina 3 Hn8ELsyUL9UgDZpPX6bE464o4sbi7gqgYEKjntK7xuVzGXH
Ryabina 4 EuJcihtEgC121KMSa2TscWHmTF3ecJzzgHeNnQwLp4tBReG
Ryabina 6 ErEbjnP7wtybC3T912miqEBLPsqSmgtH75vXsRQNrCC5Z9r
Ryabina 7 CzFcymbnsvRzeFTuDt9PZdFG2Racy1hRBAphDmFyCQkzTrE
Ryabina 8 E5xn3oH1XNipeN58L7ENVmRdUVdUb47p61r1MssGRkRzAzi
Ryabina 9 HFYDo1eLWACCp2DqPNN5uyQdsUMy6s2jXjTQN5cenKoWrzt
Ryabina 11 CgHEFst3jhyJZ57fSuAzRS6VaUrFL7BwFKi5XKWPV3g3zTo
Ryabina 12 EaWWcRin5KwuXYFZA7ANuMCydQHjM5MofStJGusASGeXrrs
Ryabina 13 G1dGdfFbLYEFFCXVosFrnrd1iupXMzR4M255d32W82pcJP5
Ryabina 16 GxxV8DAcHCSzBbspu83AK9UoTYxzSQ6VVfdopjnkXfPtE8d
Ryabina 19 Cax6oB6GCvGv89NnsG5mbTpK5ZkqA3Fa6fKk1sgNibmBmeR
Ryabina 20 ErS1HyQUBxxAAvw8GNFG8cvAayZrTpA84MrDipyqSDTSvnF
Ryabina 22 J1EL5BqdVTx3GWg3MJ63eFKLxkGwRWnhbxH4vYQ23msB8QH

Would be happy to hear your feedback and answer your questions.

Ryabina team

SLP Boost Validator List proposal - Ryabina

Hello Bifrost community, 
we at Masternode24 team are currently unable to fulfill the validator boost list requirements. 
Therefore, we are applying for the **Validator White List VWL** first.
In the future, when we have expanded our team a bit, we will see how we can help the project and apply for the **Validator Boost List VBL**.
If you have questions, wishes or suggestions, we can discuss it here in the forum.

We will create an extra validator for it so we don't mix anything: J6xn7Mr8pfed6gvvRPZ8HEEb89RCwheTBtxymg9Xw36hUUS

Many greetings and good luck 
Alexander Buterus
[Masternode24](https://masternode24.de/) founder

SLP Validator Election - Masternode24

NOTE: This is crossposted at [Kusama Polkassembly](https://kusama.polkassembly.io/post/1606)

Proponent Address: F7fq1jMmNj5j2jAHcBxgM26JzUn2N4duXu1U4UZNdkfZEPV (parachain 2001)
Requested Amount: 50,000 KSM
Date: 13.06.2022

Product Link: https://bifrost.app/vstaking/vKSM
vKSM mechanism: https://wiki.bifrost.finance/learn/mechanism/slp/vksm

## Summary

Bifrost (https://bifrost.finance) is a substrate developed web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains and heterogeneous chains bridged with Polkadot.

From the Bifrost Finance team, this proposal asks the Kusama treasury to lend a** total of 50,000 KSM** (with interest) as initial base liquidity for the KSM and vKSM (staking liquidity derivative for KSM) pair. This Initial liquidity subsidy is fundamental in ensuring liquidity backing and support for this pair such that vKSM can become a pillar of the Kusama ecosystem kick-starting its usage across various DeFi applications and scenarios within the Kusama and broader Polkadot ecosystem and driving KSM related economic growth and adoption. In addition, this loan will achieve the following benefits for the Kusama ecosystem and to the community:

1. Provide liquidity for staked KSM and promote the capital utilization of KSM in various defi scenarios and applications (refer to section 3). This initial liquidity subsidy provides backing to vKSM being a catalyst in driving the expansion of KSM’s multichain economy.
2. Bifrost will develop SLP pallet (vKSM minted pallet) ) SDK and Stable Asset Pool SDK for cross-chain vKSM mint/redeem calling convenience. The remote SDK call will facilitate cross-chain liquidation for vKSM/KSM.
3. Further improve the incentives for users to nominate and pledge tokens;
4. Improve the enthusiasm of KSM holders to participate in staking;
5. Borrow money from the Treasury and pay interest, increase treasury funds utilization

In addition, from the perspective of Kusama’s ecosystem consensus security, the Bifrost parachain limits the maximum casting amount of vKSM to no more than 30% of the total KSM.

The liquidity subsidy of 50,000 KSM will be 100% repaid in full plus interest (refer to section “Liquidity Loan and Repayment Process” for details).

## Why Bifrost Finance?

Since Bifrost went live on the Kusama parachain on October 21, 2021, it has minted a total of **$70M in derivatives**, provided about $6M in DEX liquidity, held 81,640 addresses in the chain, and completed 361,553 signed transactions.

At the cross chain level, Bifrost has completed the opening of HRMP channels (Karura, statemine, Khala and Moonriver) with four parallel chains, and used multichain bridge to bring 18,000 vETH (our liquid staking derivative for ETH 2.0) contract from Ethereum to Moonriver EVM of the Kusama ecosystem.

Recently Bifrost has successfully bid for slots 21-28 before Kusama parachain slots expire. Bifrost will migrate main protocols from Kusama to Polkadot the Kusama <> Polkadot cross-chain bridge matures. With Bifrost Staking Liquidity Protocol (SLP) now live, and once Bifrost polkadot parachain goes online, Bifrost aims to provide standardized cross-chain staking liquidity derivatives for Polkadot relay chains, parachains and heterogeneous chains bridged with Polkadot. Through Polkadots’ unique cross chain interoperability, Bifrost will enable derivatives with parachains to be directly cast and circulated in their own ecosystem.

vKSM is Bifrosts’ first staking liquidity derivative and since its official launch on May 16th, approximately 70,000 vKSM (roughly USD 5.1M) have already been minted.
Bifrost vKSM dapp dashboard - snapshot:

![](https://cdn.liebi.com/images/forum2_1.png)

## SDK and middle layer objectives for Bifrost

Bifrosts’ middle layer objective is to push multi-chain KSM & vKSM functional calling from other sides to the Substrate side. To achieve this, Bifrost is developing SLP pallet (the pallet mints vKSM) SDK for cross-chain vKSM mint/redeem calling.

vKSM has its native advantages: yield bearing from staking and its pegged price with KSM, which are suitable characteristics for vKSM being a collateral asset in lending and borrowing protocols. Bifrost would push vKSM and further vTokens collateral feature to accumulate liquidity by using Taiga’s Stable Asset pallet in Bifrost (learn more details in “vKSM utility implementation plan” section) , develop SDKs which can be called in cross-chain scenarios for remote liquidation.

In the above cases, interoperability is built upon three core Substrate factors: XCM, parachains which are compatible with other consensus and Bifrost pallet. Thus, we think it’s important to use Polkadot native features to build cross-chain liquidity.

## Motivation

### Facilitate Capital Flow of KSM staking

KSM, as the governance token of Kusama, about 50% of the total amount of KSM is currently in staking. Bifrost hopes to activate the capital utilization of staked KSM while empowering the security of the Relay-chain consensus, and promote the activity of Kusama Staking. Thus, Bifrost has developed a liquidity derivative protocol for Staking KSM: vKSM, a new derivative that is anchored 1:1 with staked KSM and comes with KSM staking income. Bifrost hopes to borrow 50,000 KSM from the Kusama Treasury as the base liquidity.

### Enhance the consensus security of Kusama network and reduce the threshold for users to participate in staking

Bifrost’s KSM liquidity pledge agreement (staking liquidity protocol-SLP) completes the cross chain nominating of KSM by calling XCM at the runtime level, and SLP pallet completely controls and casts vKSM. In the whole process, the SLP protocol will select the validator with no security risk and reasonable rate of return through the governance on the chain to help users complete the one-stop nominate, and complete the final voting through the “Sequential Phragménd Method“ on the Kusama chain. In the future, after xcm supports the status of parachain query relay chain validator, SLP will complete intelligent filtering for the validator set.

Therefore, vKSM can help any user willing to stake, complete the pledge without knowledge threshold, and use governance screening to improve the overall staking quality. Staking with mobility will be integrated with rich DeFi scenes to stimulate more users to participate in the nominated proof of stake.

### vKSM utility “implementation plan”

#### Application scenarios

As more and more DeFi projects appear in the Dotsama ecosystem, the conflict between Staking rewards and DeFi interest will become increasingly obvious, and vKSM is one of the most effective solutions to this conflict.

Building and establishing vKSM utility within DeFi scenarios as well as promoting it within EVM ecosystem as xcvKSM are key priorities for the team. Bifrost will actively expand the application of vKSM scenarios, such as the provision of XCM SDK, being a convenient solution for each parachain to directly mint vKSM across chains, and apply vKSM to the corresponding parachains ecosystem.

These opportunities will not only benefit collaborating projects in terms of sharing liquidity, driving TVL, and attract builders to build open this featured asset but will also allow for protocols and applications to attract end users and promote broader cross chain adoption. As a result,**initial liquidity establishment for KSM/vKSM is a prerequisite to ensure that with sufficient liquidity vKSM can have utility in different DeFi applications**. The following subsections highlight such use cases and the importance of liquidity for such utility developments to take place.

These opportunities with both vKSM and xcvKSM are being worked on with the different partner projects and protocols and will be communicated to users and the community once finalized and live.

**1. vKSM & xcvKSM - Collateral**

Considering that the minted vKSM is an asset with no liquidation risk, but contains staking interest, it is very suitable as a collateral asset in lending and borrowing protocols, thus borrowing cross-chain assets through vKSM is one example of how vKSM can activate asset utilization in DeFi scenarios. For example, Moonwell Apollo is the largest borrowing and lending protocol on Moonriver and is the first to support XC-20 assets, starting with xcKSM. In order to enable xcvKSM as a collateral asset, **good xcKSM/MOVR and vKSM/xcKSM liquidity has to be ensured for this to work**. Typically, Moonwell requires $5M in DEX liquidity in a pair such that it can enable collateral for an asset as well as a Chainlink price feed oracle for the asset. As a result, the treasurys’ liquidity subsidy is vital in kick-starting quick initial liquidity accumulation for KSM such that vKSM (xcvKSM) can become a suitable candidate for a collateral asset.

Following discussions with the Acala team, we have discussed the potential of vKSM becoming an accepted and independent collateralized asset for minting Acalas’ aUSD- Polkadots native stablecoin. However given current market conditions and sentiment, as well as other factors such as Acala updating its liquidation module framework and Gauntlets market risk evaluation methodology and process, we will be first closely collaborating with Tapio-Taiga protocol to ensuring minting of aUSD through taiKSM via the KSM/vKSM stable pool (please read the following section).

It is important to note that in order to successfully ensure vKSM as a collateral asset, Bifrost is working closely with partner projects and associated parties to meet and guarantee minimum requirements and standards to help the protocol unlock more borrowing scenarios whilst also ensuring protocol safety. As a result, we need to collectively ensure that the individual asset does not contribute to any outsized risk to the protocol we are partnering with. These processes will take time. Bifrost firmly believes that a fundamental step towards this objective is by the collaborative action of the Kusamas’ treasury liquidity provision for vKSM and Bifrosts incentivisation plans of such pools with partners to reach TVL and volume targets in order to meet risk standards/parameters that can balance both capital efficiency and risk of vKSM as a collateral asset.

**2.vKSM - ”Stable pool” + taiKSM <> aUSD from Tapio-Taiga protocol**

We have collaborated with Taiga protocol, the sister project of Tapio, a synthetic asset protocol which enables efficient liquidity for uniform assets by synthesizing different formats of assets in a highly usable synthetic asset such as taiKSM. In other words, taiKSM will be synthesized from KSM and vKSM and taiKSM can then be used as a collateral to mint aUSD while maintaining the underlying rewards generated from liquid staking. Thus through taiKSM, users will be able to benefit from stable swap for underlying yield and stable asset for use cases. Currently, the Taiga-Tapio team is upgrading and finalizing the taiKSM to stable asset v2 code and is undergoing internal review and testing such that taiKSM can support cross-chain pooling and once implemented, Taiga protocol will be integrated into the Bifrost parachain as the first parachain after Acala. Furthermore, the Taiga protocol team is directly collaborating with Acala to ensure taiKSM as direct collateral asset for aUSD minting.

**3. vKSM & xcvKSM - liquidity and farming LP**

We will pursue in building liquidity and farming opportunities with both vKSM and xcvKSM and other assets on different ecosystem DEXs such as Zenlink (KSM-vKSM LP already live [vKSM-KSM-LP](https://dex.zenlink.pro/#/earn/stake)) and in Moonriver with Solarbeam. Bifrost and such DEX partners and other teams will collaborate and provide further incentives/rewards for these vKSM pools to build and drive more liquidity across ecosystems and projects.

For further information on vKSM (why, how it works and its architecture)
https://wiki.bifrost.finance/learn/mechanism/slp/vksm

## Proposal
### Amount

We apply to borrow **50,000 KSM** liquidity subsidy from the Kusama Treasury.

Liquidity subsidy:

For a detailed description, please see the section “Liquidity Loan and Repayment Process” below.

**On-chain instruments used to provide liquidity to this proposal**

- **Solarbeam**

 DEX
Solarbeam is a decentralized exchange, providing efficient liquidity and enabling peer-to-peer transactions on the Moonriver Network. Their goal is to provide a comprehensive and convenient, one-stop platform for the Kusama community.

**Why Solarbeam?**

Top-tier dex protocol in Moonriver parachain’s ecosystem - largest in terms of TVL
EVM & Substrate dual environment compatible feature for KSM/vKSM
Stable-swap functionality for KSM/vKSM
Given that it has the largest MOVR/xcKSM pool within the Moonriver ecosystem (approx. USD 6.9M TVL) and with later KSM/vKSM, these liquidity pools can be used for liquidation on Moonwell Apollo (a top-tier open lending & borrowing DeFi protocol built on Moonriver Moonwell Finance - Apollo)

**Additional Information**

Website: https://solarbeam.io/

Github: https://github.com/solarbeamio/ 1

- **Taiga protocol**

Taiga is a synthetic asset protocol designed to enable maximum efficiency for uniform assets on Kusama. Bringing efficient liquidity for Parachains, Liquidity Providers, Traders and Project Teams. Taiga is built using Substrate Pallets and deployed on Karura. Taiga protocol pallets are integrated with Karuraswap pallets to share liquidity across the network and allow cross-DEX trading.

**Why Taiga protocol?**

Substrate based pallet deployed on Kusama parachains
taiKSM aggregates different liquid-KSM liquidity
strong collaboration with Acala specifically Karura DEX and taiKSM will be the collateral asset for aUSD borrowing
Stable Asset Pool V2 supports vKSM/KSM stable swap

**Additional Information**

Website: https://taigaprotocol.io/

Web3Grant: https://medium.com/nuts-foundation/web3-foundation-grants-recipient-stable-asset-by-nuts-finance-f8b1a6ece7c9

Github: https://github.com/nutsfinance/stable-asset

**Time Horizon**

1 Year (52 weeks)

**Audits**

We are conducting a joint audit with **SlowMist**, the expected delivery for this report is the **17th of June 2022**.

## Liquidity Loan and Repayment process

The Loan request demonstrated in the table below:

### Loan Request

![](https://cdn.liebi.com/images/forum2_2.png)

**50,000 KSM** to fill both **Solarbeam DEX and Taiga Protocol** for KSM-vKSM stable pool for 1 year of which:

**25,000 KSM** provided as KSM liquidity to both protocols (12’500 KSM each);
The other 25,000 KSM will be **converted into vKSM** first with around **19% staking interest**, and then provided as vKSM liquidity (12’500 KSM each) in both pools;
The LP borrowing term is **12 months**.

### Loan Repayment

![](https://cdn.liebi.com/images/forum2_3.png)

**50,000 KSM** 100% repaid in full plus interest.

- The subsidy will be one-time repaid at the end of the 12 months period;
- As the price of vKSM increases with staking rewards 25,000 KSM liquidity will be accompanied by 19% staking interest when Bifrost repays, thus 4,750 KSM will be added to the final repayment, the total repayment amount should be around 54,750 KSM;
- 50,000 KSM LP 100% repaid has no impermanent loss. Due to each vKSM having one KSM staked as an underlying, thus the price fluctuation on KSM reflects the same on vKSM. Since vKSM can always redeem KSM 1:1 no matter how many positions the LP provider eventually withdraws, providing LP will not obtain less asset value than holding positions, so vKSM/KSM LP has no risk of impermanent loss.

### KSM-vKSM LP Matrix

We have used the amount of upcoming Crowdloan KSM unlocking (Kusama parachain expiries) and the timeline as reference to set the success goal for the LP. There are 7 unlocking batches in less than 1 year by 2023/4/23, Bifrost’s vKSM minting target is 16% in each batch, and we have set up a 10% LP target for each vKSM minting batch , thus the total LP target is 50,439.39 KSM, hence our loan request of **50,000 KSM** for the liquidity subsidy from the treasury.

Please check the details in the link below:

https://docs.google.com/spreadsheets/d/1IESz3IQlL3v86Pd0Wp7aBcX16rwGwCV0QmTmlqC4DIw/edit#gid=0

Tracking
The following metrics can be used to track initiative progress:

- Solarbeam DEX for live TVL of the stable KSM/vKSM pool Stable Farm Live
- Taiga protocol via dashboard Dashboard

## Managing the Funds

### Tracking Borrowing and Repayment Process

Bifrost will complete the borrowing/repayment process of the 50,000 KSM subsidy through a fully open and transparent process on Kusama and Bifrost governance.

PR: https://github.com/bifrost-finance/bifrost/pull/603 1

#### Borrowing Process

- **Kusama side**

Apply to Kusama treasury to borrow **50,000 KSM** to the ParaId2001 (GLiebiQp5f6G5vNcc7BgRE9T3hrZSYDwP6evERn3hEczdaM) beneficiary through the (Treasury::propose_spend) method of the treasury module on Kusama.

- Bifrost side

- Generate Bifrost treasury derived address via Utility::derivative_account_id method;
- Through the Tokens::set_balance method, an additional 50,000 KSM will be issued on Bifrost treasury derived address;
- Transfer 50,000 KSM from Bifrost treasury derived address to the treasury (eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F) address via the Tokens::force_transfer method;
- Mint 25,000 KSM into about 25,000 vKSM via VtokenMinting::mint method;
- Add 25,000 KSM and corresponding minted 25,000 vKSM trading pairs to Taiga Protocol and Solarbeam to provide liquidity.

- **Additional**

1. In the actual transaction, steps 4 and 5 need to be called through the utility.dispatchAs method.
2. In the actual transaction, steps 1-5 need to be packaged into one transaction through utility.batchAll.

### Repayment process

- **Bifrost side**

1. Remove liquidity from TaigaProtocol and Solarbeam, retrieve the liquidity of the KSM-vKSM trading pair to the treasury account;
2. With the VtokenMinting::redeem method, almost 25,000 vKSM is converted back to more than 25,000 KSM;
3. Transfer about 54,750 KSM from Bifrost treasury address to treasury derived address via Tokens::force_transfer method;
4. Through the Tokens::set_balance method, clear the close to 54,750 KSM on the treasury derived address.

- **Kusama side**

1. Return about 54,750 KSM on ParaId2001 to Kusama treasury address (F3opxRbN5ZbjJNU511Kj2TLuzFcDq9BGduA9TgiECafpg29).

### About provide/redeem LP on Solarbeam:

Since XCM currently does not support remotely calling Solarbeam’s contract from Bifrost to complete the provide/redeem LP operations, Bifrost can only use the multisig solution of Bifrost Council members to operate xcKSM and xcvKSM on Solarbeam.

We hope to be as open and transparent as possible, and welcome constructive feedback to discuss this mulitisig plan in the proposals discussion forum.

## Potential Risks

Treasury liquidity may be lost if validator slashes, Bifrost would do the compensation if slash occured. Bifrost reserves 5% of BNC allocation as the Slash insurance fund for Slash compensation within 10% of SLP total staking. If slashes overtake 10%, the SLP protocol will start an emergency stop, vKSM price will be reduced (because the total amount of underlying KSM is reduced), unstake all deposits and redeem back to users.

[Forum Migration Postings]  Treasury propoal: KSM initial liquidity subsidy for KSM staking liquidity derivative - vKSM

In line with the previous SALP economic model Bifrost Council has recently completed the first buybacks of vsKSM, details of which are as follows.

| Buyback Number	 | Bifrost Block Height | Number of KSMs used | Buyback vsKSM Quantity | Average buyback price | Transaction details | 
|  ----  | ----  |----  |----  |----  |----  |
| 1 | 	2345011	 |500 | 1088.361221607 | 0.459406298271 | [Subscan  Aggregate Substrate ecological network High-precision Web3 explorer](https://bifrost-kusama.subscan.io/extrinsic/0x408524072d091c8ee3cf865c29ef5a507ba6b8a7c759f465b492f26aad2d81c2) |
| 2 |	2345980  | 500 | 1084.650313614109 | 0.460978062445 | [Subscan Aggregate Substrate ecological network High-precision Web3 explorer](https://bifrost-kusama.subscan.io/extrinsic/0x4e91db92d460d12393a9c860c3fc0897f4bf6914b23707e648831639226a8f28) |
| 3 |	2346163	| 500 | 1035.431922279986 | 0.482890269501 | [Subscan Aggregate Substrate ecological network High-precision Web3 explorer](https://bifrost-kusama.subscan.io/extrinsic/0x84564f8f641cd3f5391bb465d722e5e3888759c38653b4e71ea511db480db7d2) |
| 4 |	2346771	|350 | 730.593499727222 | 0.479062570541 |	[Subscan Aggregate Substrate ecological network High-precision Web3 explorer](https://bifrost-kusama.subscan.io/extrinsic/0x39a81a0242e7def45f42495549a5b119bd28d187c12b8465293f3eab30310fe0) |
| 5 |	2350423	 | 300 | 620.927857297398 | 0.483147915614 | [Subscan  Aggregate Substrate ecological network High-precision Web3 explorer](https://bifrost-kusama.subscan.io/extrinsic/0x01e0327f9d85888e74dfced0ddd58f93df1c93948da7c0bfbe22cb0d48fea6e5) |
| Total |	- | 2150 |	4559.964814525715 |0.471494866178 | - |

## About Buyback

Bifrost will use the KSM in the buyback fund pool to continue to buyback vsKSM when the price of vsKSM is lower than 0.5. Buybacks are triggered by the Bifrost Council and executed entirely by on-chain logic. The goal of the buyback is to create a stable and healthy vsKSM derivatives trading environment and promote vsKSM’s liquidity and application scenarios. Users of Bifrost are welcome to supervise and suggest on-chain buyback behavior at any time.

## vsKSM Buyback Fund Usage Overview

The vsBond (BNC) in the SALP Fund in the Bifrost network has expired after two full leases (84 days) since expiry. The use of funds for the unlocked KSMs corresponding to this expired vsToken is as follows:

| Date |	Behavior |	KSM Changes |	Buyback reserve balance |	Governance of redemption of set-aside balances |
|  ----  | ----  |----  |----  |----  |
| 2022-08-11 |	Bifrost Fund expired |	+ 21058.626784765337 |	4574.56882 |	16484.057964765337 |
| 2022-08-25 |	vsKSM buyback |	- 1850 |	2724.56882 |	16484.057964765337 |
| 2022-08-26 |	vsKSM buyback |	- 300 |	2424.56882 |	16484.057964765337 |

## Terms and Conditions for vsToken(BNC) Governance Redemptions

### vsBond Expiry

In the SALP protocol, vsKSM and expiring vsBond can be redeemed in a 1:1 combination of 1 KSM. As vsBond is tradable and redeemable, there is a risk of malicious hoarding, so in the SALP protocol there is a rule that vsBond cannot be redeemed after 2 leases of expiry, and the corresponding assets will be used to buy back the vsToken. This is to prevent the malicious hoarding of vsBonds and to clean up the chain of low value information to make the network more efficient and to improve the utilisation of funds on the chain for the benefit of active users of the Bifrost SALP protocol.

### vsToken(BNC) Governance Redemption Background

After vsBond(BNC) expired as per the SALP protocol, we closed the redemption channel for vsBond(BNC) at the corresponding time as per the SALP protocol.

At the same time we observed that there were still 20000+ KSMs that were not redeemed, some of which were not redeemed due to early release of liquidity, but based on on-chain analysis there were still 10000+ unredeemed KSMs corresponding to users that had not touched vsKSM and vsBond(BNC) derivatives at all.

It is likely that the majority of these users have either forgotten due to the length of time that has elapsed, or have not been aware of the redemption notifications and therefore have not redeemed properly during the redemption period. This is one of the reasons why many users did not redeem properly, as the SALP protocol was not available at the time of the Bifrost Kusama Crowdloan and the rules were not as clear as they are today. Although it is still possible to convert expired vsBond (BNC) to vsKSM and then sell it on the market via the Convert function, the market price and transaction costs would have been prohibitive for this group of users.

For these reasons, and thanks to the powerful governance platform provided by Polkadot, Bifrost has decided to retain the assets not normally redeemed by this group of users and not to participate in the SALP buyback process, but to keep them in the Bifrost chain as a reserve for those users who meet the requirements and submit applications to redeem their corresponding KSMs through the governance.

#### Criteria for users who can redeem KSM via governance.

- Users with expired vsBond(BNC) (subsequent vsBond expirations will no longer provide access to governance redemptions)
- Number of vsKSMs in address = Number of vsBond(BNC)
- No vsKSM / vsBond transactions or transfers have been made on the chain
- No frequent operations recorded on the chain

**Addresses that meet the above criteria are initially judged to be redeemable through governance**

## Governance Redemption Process

1. For addresses that meet the requirements for managing redemptions, the user can submit a request for managing redemptions via the form 7
2. Bifrost will summarise and manually review the redemption requests submitted in the previous month on the last working day of each month and will publish the results
3. 1 week after the results are published, if there is no objection from the community, the Bifrost Council will launch a referendum for the corresponding governance redemptions
4. The regular referendum will last 7-14 days from launch to execution, during which time all BNC holders will be able to vote on the referendum to decide whether the governance redemption for the month will be approved and executed
5. If the referendum passes, the redemption will be executed normally, which will destroy the vsKSM and vsBond(BNC) in the application address and transfer the corresponding number of KSMs from the reserved pool to the application address.
6. If the referendum does not pass, Bifrost will continue to gather community input and rework the solution



## Comment

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**SuperDupont44** Aug 29

I think it is a fair proposal!
Some concerns have been raised by the community and this is a fair solution.

Some improvements are going to be implemented in the next version of SALP for a better management of vsBond expiry.

It remains weird that people put their money in a protocol without following the news.
I know we are in a bear market but, about money, i feel it’s not normal to stay away for 6 months forgetting what you did it with it.
At some point it’s just about basic money management, which does not have to be the responsability of the Bifrost team.

So from my point of view it’s a fair solution, and a transpareny action that shows Bifrost does not want to capture user’s value for nothing.



[Forum Migration Postings] First round of buybacks for vsKSM & vsToken(BNC) governance redemption rules

## Summary
This proposal is the 1st step on [Kusama Treasury Fund Roadmap](https://bifrost.subsquare.io/post/4)

## Proposal

https://bifrost-kusama.subscan.io/referenda/102

Vote: Polkadot/Substrate Portal

![](https://cdn.liebi.com/images/forum_2.jpeg)

## Technical details
The procedure for the spending is as follows:

1. Currencies::update_balance issues an additional 50,000 KSM on the treasury address (eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F);
2. Mint 25,000 KSM to vKSM through VtokenMinting::mint method.
3. Add 25,000 KSM and the corresponding vKSM liquidity to zenlink liquidity pool through the ZenlinkProtocol::add_liquidity method.








[Forum Migration Postings] Kusama Treasury Fund: Step 1

## Past Timeline

**Date: 13.06.2022**
Proposed off-chain proposal Polkassembly 

**Date: 28.06.2022**
Proposed on-chain proposal Subscan | Aggregate Substrate ecological network High-precision Web3 explorer 

**Date: 29.06.2022**
Approved by Kusama Council, went to external proposal in Referendum Subscan | Aggregate Substrate ecological network High-precision Web3 explorer 

**Date: 10.7.2022**
Referedum approved

https://kusama.subscan.io/council/505?tab=proposal_preimage

**Date: 19.7.2022**
Referedum executed

https://kusama.subscan.io/referenda/212?tab=timeline

## Ongoing

The approved spending is ready to be released as soon as the current spend period runs over, the releasing estimated time will be at #13650673 block height.

https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama-rpc.dwellir.com#/treasury

![](https://cdn.liebi.com/images/forum_1.jpeg)


## Futher Steps

### Step 1: Zenlink AMM

Date: 21.7.2022

The 50,000 KSM liquidity loan will be deployed to Zenlink in the existing Swap vKSM-KSM pair:

- The total 50,000 KSM will be split in half: 25,000 KSM provided as KSM liquidity, and the other 25,000 KSM will be converted into [vKSM](https://bifrost.app/vstaking/vKSM) and provided as the vKSM position.
- The total liquidity position will be 25,000 KSM - and roughly 25,000 vKSM (in live rate) to the existing Zenlink Swap vKSM-KSM Pair. ([Zenlink](https://dex.zenlink.pro/#/info/pools/2001-eCSrvaystgdffuJxPVYKf8H8UYnHGNRdVGUvj1SWSiatWMq)) ;

### Step 2: Zenlink Hybrid AMM

Date: Estimated 8.8.2022

Zenlink protocol has completed a stable AMM function (the AMM adopts the curve of Curve, for further information [Hybrid AMM](https://wiki.zenlink.pro/zenlink-dex-dapp/hybrid-amm#what-is-zenlink-hybrid-amm)). This development is still in the process of auditing, and will be live in an estimated 2.5 weeks.

The pre-existing 50,000 KSM-vKSM LP will be removed (step 1) to KSM-vKSM Hybrid AMM Pool.

### Step 3: Taiga Stable Asset

Date: After 8.8.2022

Taiga is deploying a Stable AMM pallet on BIfrost, taiKSM can be minted via vKSM-KSM pair. Learn more about [Taiga and taiKSM](https://www.taigaprotocol.io/).

The 50,000 KSM position in Zenlink Hybrid AMM will be seperated to Taiga Stable Asset. The split percentage will be decided by the community. We will propose a discussion on the Bifrost forum in advance.

At present, the current utility of taiKSM is collateral staking on Karura ([Karura Platform](https://apps.karura.network/earn/loan-staking)). Bifrost and Taiga are pushing for both vKSM and taiKSM as direct collateral for aUSD (the community will be informed on this progress).

### Step 4: Enable taiKSM aUSD borrowing and lending

Date: Final Quarter of 2022

In regards to the progress of taiKSM or vKSM as collateral, we would propose another community discussion on splitting the remaining LPs in Step #3 to Taiga stable swap. The portion of the LP removed should be decided by the community, or whether to keep the LP on Zenlink or move it completely to Taiga.

Acala and Bifrost are actively discussing the collateral process and requirements for vKSM to become a collateral for aUSD such as building a vKSM-aUSD pool on Karura (for liquidations) and going through the collateral risk assessment framework of Gauntlet. The team will continue to coordinate with Taiga/Tapio in regards to their process for taiKSM collateralization for aUSD minting and for later use cases around borrowing and lending.

### Step 5: Discussions with Purestake regarding xcvKSM on Moonriver network

According to the discussions that took place on the Purestake Cross-chain Security threat workshop held on the 23rd of June 2022 , there are several XCM risks that need to be evaluated by parachains. As a result, discussions regarding the security of parachain sovereign account and representation assets are still very much under discussion and no firm solution has been reached amongst parachains.

### Step 6 and further: Enable cross-chained vKSM utilities (through XCM- xcvKSM)

vKSM as a borrowing and lending asset on Moonwell will depend on our efforts in having vKSM approved and part of Chainlinks price oracle feeds as well as reaching a significant TVL of $5M on Solarbeam.


## Comment

____________________________________________________________________________________________________________

**Yancy**  Jul 20

Let’s go step by step ! 

____________________________________________________________________________________________________________

SuperDupont44  Jul 20

Interesting to learn the vision !!
“Que va piano va sano” as @Christian would say.

Let’s go 1 step after another one.






[Forum Migration Postings] Kusama Treasury Fund Roadmap

## Reason

Bifrost’s financing time was earlier(around early 2019). Because of the poor market environment, the seed round valuation was low, and the current seed round investment institutions have up to nearly 150x the return (at the time of ATH).

The current unlocking terms are relatively loose, and all unlocking can be completed within 300 days.
Due to the enormous profit margins, the seed round institutions are constantly unlocking and selling, which will have a more significant short-term impact on the project.

Bifrost’s current market value is underestimated. Under the premise that there is only one mainnet, compared with other parachain projects, it is almost **1/4 ~ 1/20** of the valuation.
The long-term value of Bifrost should be seen and restrict investment institutions from holding long-term.

## Suggestion
Adjust the unlocking time of seed round investment institutions from **300 days** unlocking to **900 days** unlocking.

## Implement

1. Find the address list of the seed round investment institutions based on the Bifrost genesis block.
2. By initiating a referendum, call the vesting.setVestingPerBlock method to set the seed round investment institution’s original perBlock value to **1/3**.
3. When the proposal was initiated, the seed investment institution had enough time to unlock the unlocked part. It will not involve the situation that the unlocked institution decreases the total number of unlocked due to the increased perBlock value.


____________________________________________________________________________________________________________


## Comment

**Yancy**  Jan 6

Share the current token situation, which may be helpful to the discussion

|  Distribution of Tokens   | Share  | Tokens  | Vesting  | 
|  ----  | ----  | ----  | ----  |
| Ecosystem  | 50% | 40,000,000 | Locked for governance |
| Founder and Team  | 20% | 16,000,000 | TGE 0% unlocked, unlock starting 6 months after TGE, unlocked every month, divided into 24 month to unlock |
| Seed Round I  | 6% | 4,800,000 | TGE 25% unlocked, the remaining 75% unlocked every day 0.25%, 300 days unlocked |
| Seed Round II  | 4% | 3,200,000 | TGE 25% unlocked, the remaining 75% unlocked every day 0.25%, 300 days unlocked |
| Strategic Round  | 2% | 1,600,000 | TGE 30% unlocked, the remaining 70% unlocked every day 0.23333%, 300 days unlocked |
| Private Round  | 3% | 2,400,000 | TGE 30% unlocked, the remaining 70% unlocked every day 0.23333%, 300 days unlocked |
| Marketing & Community | 3% | 2,400,000 | No vesting |
| Mint Drop  | 2% | 1,600,000 | No vesting |
| Treasury (Foundation) | 10% | 8,000,000 | Locked for governance |


____________________________________________________________________________________________________________


**lurpis**  Jan 6

Good proposal. In order for the project to respond to the ever-changing market in a timely manner, I think this is the greatest significance of governance.

I am in favor of extending the lock-up time of investment institutions through governance, but the market is changing rapidly, and extending to 900 days may be too long. I think extending it to 600 days is a more reasonable time. After all, governance is a gradual process.

____________________________________________________________________________________________________________

**Bulat**  Jan 6

Thank you for your reply, according to [Github Bifrost Genesis Block Configuration 1](https://github.com/bifrost-finance/bifrost/blob/develop/node/service/res/genesis_config/vesting/private1.json#L3-L19), We can find the address of the seed round investment institution.

`{
  "vesting": [
    ["cGcPuCcEtgbMA4ipAFoBobvpkyvLUEqXEgpUrsAqS1ErP5a",0,2160000,400000000000000000],
    ["cEMKvc2H7YnmcRbmuo6VaK63VUNK3agPGpnqnxtRbKwtRPN",0,2160000,200000000000000000],
    ["goSoGmRdJE6FZNHQ7A6WKwW3Dt4WiGRa1cKzXPrEhHJbEku",0,2160000,140000000000000000],
    ["ce5QT45oBS72Mh3rwUKcYropgW9NYaJy6ScgcByFf3mdRed",0,2160000,66666750000000000],
    ["dotV114V2W1Y3ePz6S3kW1UwERoe5aaTicoCT3q5yUxbf9i",0,2160000,200000000000000000],
    ["13ghKwoVdGQXaW4gvw6mWi448GZTQKPrJ6noSSVc2ji7fWG8",0,2160000,200000000000000000],
    ["163GfbFQgJyjrzxQ24QQUPPovXc6DgrxgcxoyfjhwU3fGgbh",0,2160000,44444500000000000],
    ["16PqmqBXTwzSa3MMC4RpvEgJrB9U5CPaboMhuZVh2MGh5e9v",0,2160000,166666750000000000],
    ["gDDGNfbh1p7aKa4q2mKB7vAmNbNceAx3Dm78UXmy9DUjjDf",0,2160000,133333250000000000],
    ["1QwRd1pLukduxSstNWv8jePgjLSLVzQieBpb6okoHDpXfUk",0,2160000,22222250000000000],
    ["e2jQngDWWphBVR4tzrzQ6M8WAtngRQeegkKQLuHRJYkmf5h",0,2160000,26666750000000000],
    ["djMm9nA4Bkvj8udavXxsC1bJAQXrpD2BzY1Wzth9TggZ1DW",0,2160000,80000000000000000],
    ["13T4kAVkeYJAJJJM3tni6rnoviJb74zypxuHvtyUqpuKdPGH",0,2160000,80000000000000000],
    ["e3UD8joBSFXKHLGcujGPn171fNDfHJmUbTR2WYbuxquYgH8",0,2160000,200000000000000000],
    ["hPjkf1LvzcTUDJaMtKPuLp6qv7LLqKc37GTfKsRc2HFAV4W",0,2160000,35493000000000000],
    ["ciud4JVFExsEnBmpaSC9Ah5rN6hd5BCwRfAKGgrtuo4TAdf",0,2160000,26666750000000000],
    ["cEx17odz8A7FajiVe2SLokrkMaKeRJna55qqTwwyqkU7tTh",0,2160000,13333250000000000]
  ]
}`

____________________________________________________________________________________________________________

**Bulat**  Jan 6

After unified conversion to Bifrost addresses, and query the current vesting.vesting(AccoundId32) value of each address

`// Original value, the release of 2,160,000 blocks is completed, which is 300 days

cGcPuCcEtgbMA4ipAFoBobvpkyvLUEqXEgpUrsAqS1ErP5a
PerBlock: 555555555555 (0.555555555555 BNC/Block)

cEMKvc2H7YnmcRbmuo6VaK63VUNK3agPGpnqnxtRbKwtRPN
PerBlock: 277777777777 (0.277777777777 BNC/Block)

goSoGmRdJE6FZNHQ7A6WKwW3Dt4WiGRa1cKzXPrEhHJbEku
PerBlock: 246296296296 (0.246296296296 BNC/Block)

ce5QT45oBS72Mh3rwUKcYropgW9NYaJy6ScgcByFf3mdRed
PerBlock: 41152199074 (0.041152199074 BNC/Block)

dotV114V2W1Y3ePz6S3kW1UwERoe5aaTicoCT3q5yUxbf9i
PerBlock: 231111111111 (0.231111111111 BNC/Block)

eQesu3uw1etWrVUN8Nun7ec1BRDjRAyRk7b8YMQosH3MbAr
PerBlock: 277777777777 (0.277777777777 BNC/Block)

gmEDYVpz4E6oMPBTFgYjnzMoSTrYne5pGHbfmbWibcaxZpQ
PerBlock: 61728472222 (0.061728472222 BNC/Block)

h7oKnRwmhEoWPn8dFhyBeGrj61EQJAhjSgVbfMVoUqcmWLR
PerBlock: 231481597222 (0.231481597222 BNC/Block)

gDDGNfbh1p7aKa4q2mKB7vAmNbNceAx3Dm78UXmy9DUjjDf
PerBlock: 148148148125 (0.148148148125 BNC/Block)

c8tyaGEeezzrJsfKZo4Q9EwZeCCfbmXrHWcHCfZaQnkDcPq
PerBlock: 30864236111 (0.030864236111 BNC/Block)

e2jQngDWWphBVR4tzrzQ6M8WAtngRQeegkKQLuHRJYkmf5h
PerBlock: 29629629629 (0.029629629629 BNC/Block)

djMm9nA4Bkvj8udavXxsC1bJAQXrpD2BzY1Wzth9TggZ1DW
PerBlock: 111111111111 (0.111111111111 BNC/Block)

eB2J7kAxHYXEej8V64rNGPModAMSAn6xcE5czqHcxUFKJui
PerBlock: 111111111111 (0.111111111111 BNC/Block)

e3UD8joBSFXKHLGcujGPn171fNDfHJmUbTR2WYbuxquYgH8
PerBlock: 231481481481 (0.231481481481 BNC/Block)

hPjkf1LvzcTUDJaMtKPuLp6qv7LLqKc37GTfKsRc2HFAV4W
PerBlock: 49295833333 (0.049295833333 BNC/Block)

ciud4JVFExsEnBmpaSC9Ah5rN6hd5BCwRfAKGgrtuo4TAdf
PerBlock: 37037152777 (0.037037152777 BNC/Block)

cEx17odz8A7FajiVe2SLokrkMaKeRJna55qqTwwyqkU7tTh
PerBlock: 18518402777 (0.018518402777 BNC/Block)`

____________________________________________________________________________________________________________

**SuperDupont44**  Jan 6

I think we need to calm down the sell pressure.
I’m in favour of the proposal.

As proposed by Lurpis, 600 days seems to be enough. In other DAOs, usually investors have a 2 year lock-up.

____________________________________________________________________________________________________________

**Bruno**  Jan 6

Sou a favor do bloqueio , porém no período de 600 dias.

____________________________________________________________________________________________________________

**Bulat**    Jan 6

Through careful thinking, I agree with the idea of adjusting 900 days to 600 days. If it does not meet expectations, I think maybe can continue to initiate new proposals for governance!
        
____________________________________________________________________________________________________________

**Bulat**    Jan 8

The lock-up time is extended to 600 days, and the release of each block is reduced to 1/2 of the original, so the adjusted data is

`// Adjusted value, the release of 4,320,000 blocks is completed, which is 600 days

cGcPuCcEtgbMA4ipAFoBobvpkyvLUEqXEgpUrsAqS1ErP5a
PerBlock: 277777777777 (0.277777777777 BNC/Block)

cEMKvc2H7YnmcRbmuo6VaK63VUNK3agPGpnqnxtRbKwtRPN
PerBlock: 138888888888 (0.138888888888 BNC/Block)

goSoGmRdJE6FZNHQ7A6WKwW3Dt4WiGRa1cKzXPrEhHJbEku
PerBlock: 123148148148 (0.123148148148 BNC/Block)

ce5QT45oBS72Mh3rwUKcYropgW9NYaJy6ScgcByFf3mdRed
PerBlock: 20576099537 (0.020576099537 BNC/Block)

dotV114V2W1Y3ePz6S3kW1UwERoe5aaTicoCT3q5yUxbf9i
PerBlock: 115555555555 (0.115555555555 BNC/Block)

eQesu3uw1etWrVUN8Nun7ec1BRDjRAyRk7b8YMQosH3MbAr
PerBlock: 138888888888 (0.138888888888 BNC/Block)

gmEDYVpz4E6oMPBTFgYjnzMoSTrYne5pGHbfmbWibcaxZpQ
PerBlock: 30864236111 (0.030864236111 BNC/Block)

h7oKnRwmhEoWPn8dFhyBeGrj61EQJAhjSgVbfMVoUqcmWLR
PerBlock: 115740798611 (0.115740798611 BNC/Block)

gDDGNfbh1p7aKa4q2mKB7vAmNbNceAx3Dm78UXmy9DUjjDf
PerBlock: 74074074062 (0.074074074062 BNC/Block)

c8tyaGEeezzrJsfKZo4Q9EwZeCCfbmXrHWcHCfZaQnkDcPq
PerBlock: 15432118055 (0.015432118055 BNC/Block)

e2jQngDWWphBVR4tzrzQ6M8WAtngRQeegkKQLuHRJYkmf5h
PerBlock: 14814814814 (0.014814814814 BNC/Block)

djMm9nA4Bkvj8udavXxsC1bJAQXrpD2BzY1Wzth9TggZ1DW
PerBlock: 55555555555 (0.055555555555 BNC/Block)

eB2J7kAxHYXEej8V64rNGPModAMSAn6xcE5czqHcxUFKJui
PerBlock: 55555555555 (0.055555555555 BNC/Block)

e3UD8joBSFXKHLGcujGPn171fNDfHJmUbTR2WYbuxquYgH8
PerBlock: 115740740740 (0.11574074074 BNC/Block)

hPjkf1LvzcTUDJaMtKPuLp6qv7LLqKc37GTfKsRc2HFAV4W
PerBlock: 24647916666 (0.024647916666 BNC/Block)

ciud4JVFExsEnBmpaSC9Ah5rN6hd5BCwRfAKGgrtuo4TAdf
PerBlock: 18518576388 (0.018518576388 BNC/Block)

cEx17odz8A7FajiVe2SLokrkMaKeRJna55qqTwwyqkU7tTh
PerBlock: 9259201388 (0.009259201388 BNC/Block)`

____________________________________________________________________________________________________________

**SuperDupont44**  Jan 8

Huge job on this one my friend.
Definitely what you proposed is a good way to show other people we are on a decentralized protocol.

Bifrost is working on a DAO style management, a Beta should be issued in Q1.

____________________________________________________________________________________________________________

**Bulat**  Jan 30

After the discussion and analysis of the this proposal, I finally think that it is unfair to treat all addresses with the same standard, so we should calculate the loyalty of each address and give different schemes according to different loyalty.

So, here is my new proposal, welcome to discuss:





[Forum Migration Postings] Referendum proposal: Extend the unlocking time of Bifrost investment institutions by 3x, from 300 days to 900 days

## Problems with the previous proposal

After the discussion and analysis of the [previous proposal](https://bifrost.subsquare.io/post/2), I finally thought that it would be unfair to treat all institutions with the same standard. After I analyzed each address, I found that not all addresses have the problem of unlocking and selling, among which there are many addresses that still hold and add more positions.

It is unfair to extend the lock-up process for all addresses just because of the disloyalty of a few addresses. At the same time, only the unlocking period is extended, and the previously unlocked Part of retroactive, so we should calculate the loyalty of each address, give different schemes according to different loyalty, and the retrospective of the previously unlocked part can be compensated by adding a period of cliff.

## New proposal: BNC Loyalty and Lockup Compensation

By comparing the initial BNC balance of the address with the existing BNC balance, the loyalty score of each address is calculated. Combined with the initial liquidity distribution ratio, it is divided into two types of addresses: Seed and Private, and the corresponding addresses are given respectively. The release ratio per block and the number of compensation cliff blocks.

**Parameter**
|  Seed PRPR   | Private PRP  | Seed CCB  | Private CCB  |
|  ----  | ----  | ----  | ----  |
| Min.0%  | 0% | 216,000 | 100,800 |
| Max.50% | 30% | 648,000 | 648,000 |

- PRPR: Percentage reduction per block release
- CCB: Compensate cliff block

According to the specific calculation table of parameters:

https://docs.google.com/spreadsheets/d/1YuZr1fdACbYzjP0KFEXDDVwkPvs470Wp__DdGeu14MM/edit

Summary, the effect we can get through this proposal: the lower the loyalty of the address, the longer the extended unlocking and cliff time, the higher the loyalty of the address, the shorter the unlocking and cliff time of singing, we can discuss and determine the above parameters , to achieve the desired effect.


# Comment
______________________________________________________________________________________________________________


**Yancy**  Jan 30

How is the score loyalty calculated?


______________________________________________________________________________________________________________

**SuperDupont44**   Jan 31

You have the formula in the Excel sheet.

Interesting proposal.
I’m in to dig it and find the better solution to slow down the release of BNC tokens for private and seed rounds.

______________________________________________________________________________________________________________

**Bruno**  Jan 31

Boa tarde , teria que achar um meio de acabar com essa força vendedora, na minha opinião teria que ter listagem em outras cex …

______________________________________________________________________________________________________________

**Emre**  Feb 14

You have to do something Bulat.
The way things are going we are going to have a very hard time getting more liquidity into the project. I fully support the longer vesting time.

______________________________________________________________________________________________________________

**SuperDupont44**  Feb 18

Don’t forget to like the proposal, share it if you think it’s a good one

______________________________________________________________________________________________________________

**Bulat**  Mar 18

Hi guys, sorry for being too busy a while ago. Recently, I have re-organized the proposal and successfully submitted the latest [proposal](https://bifrost.subsquare.io/democracy/proposal/12) on the chain. Since there is currently an ongoing referendum proposal, we are currently in the proposal stage, and you need to click Second to ensure that It could appear in the next referendum proposal.

The latest change, I updated the parameters in the previous proposal, they make the influence of loyalty on Cliff and Vesting become larger, the adjustment of parameters will make the proposal more effective.

The following are the latest parameters:

|  Seed PRPR   | Private PRP  | Seed CCB  | Private CCB  |
|  ----  | ----  | ----  | ----  |
| Min.0%  | 0% | 0 | 0 |
| Max.50% | 30% | 864,000 | 648,000 |

- PRPR: Percentage reduction per block release
- CCB: Compensate cliff block

According to the specific calculation table of parameters:

https://docs.google.com/spreadsheets/d/1YuZr1fdACbYzjP0KFEXDDVwkPvs470Wp__DdGeu14MM/edit?usp=sharing

If you support, please use your $BNC to cast a valuable vote, if you disagree, please also give your suggestions in the comments, thank you!

On-chain proposal portal: BNC Loyalty and Lockup Compensation Proposal


______________________________________________________________________________________________________________

**SuperDupont44**  Mar 28

That’s a huge work you did.
The community should be thankful for it and really dive into the proposal and vote.

I’m spreading the word




