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Hydration x Bifrost Reward Share Program

Upgrade Bifrost-polkadot to Runtime 0.17.1

Upgrade Bifrost-polkadot to Runtime 0.17.0

VBL (Renewal) - Merkletribe - JAN 2025 

Untitled Bank Integration of Bifrost ASTR Staking Program

VBL Proposal - 🧊 Iceberg Nodes 🧊 - December 2024 - Bifrost Polkadot Part

Bifrost Operating Budget Proposal (March - August 2025 for 6 Months)

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

- Some users who participated in the EnergyWebX Crowdloan through SALP didn't get their EWT rewards.
- The rewards were sent to a parachain address on the Energy Web X chain, making it impossible to withdraw.
- There are currently no technical solutions to fix this issue.
- Possible solutions include waiting for Energy Web X to launch governance or joint compensation by Bifrost and Energy Web X.
- The problem happened because of poor communication between Bifrost and Energy Web X.
- Bifrost needs to remind projects not to send rewards to parachain addresses.
- Projects should confirm with Bifrost before distributing rewards.

Recap and discuss a solution to retrieve EnergyWebX crowdloan reward

Orderly decommissioning of vFIL services - Phase2 - transfer unlocked FIL to Bifrost’s vFIL Ready Pool

- Bifrost Polkadot Runtime is a big file (2.445 MB) and is compressed to save space.
- It has metadata version V14 and a core version called bifrost_polkadot-16002.
- The file can be found on IPFS with a specific link.
- Many changes were made to fix bugs and improve the system, like fixing buy-back and adjusting fees.
- New tools and updates were added, like benchmarking for token-issuer and lend-market.
- A new contributor, @XY-Wang, helped by adding a wrapper to the xcm router.
- The full list of changes can be seen in the changelog link provided.

Upgrade Bifrost-polkadot to Runtime 0.16.2

- WUD is a fun memecoin on the Polkadot network, inspired by Dr. Gavin Wood.  
- It uses games, NFTs, and memes to bring people into Web3 and grow the Polkadot community.  
- Their game, FlappyWUD 2.0, lets players earn rewards while having fun.  
- WUD is teaming up with Bifrost to add liquid staking to FlappyWUD 2.0.  
- Players can mint vDOT on Bifrost and get special NFTs for in-game perks.  
- The partnership will be promoted through social media and in-game announcements.  
- Both communities will benefit from more engagement and adoption.  
- This collaboration helps grow the Polkadot ecosystem in a fun and innovative way.

WUD x Bifrost Reward Share Program for NFTs 🪵🌈

- 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

- SONEX is a platform that helps people use decentralized finance (DeFi) without needing big companies.
- It starts with letting people swap and provide liquidity, but will grow into a full DeFi hub.
- Key features include smart AI trading, special trading tools, and tracking the best opportunities.
- SONEX was chosen as a winner in a big competition for new projects.
- It works with big names like Coinbase and Chainlink.
- Users can get vASTR by minting ASTR, which gives them special benefits on SONEX.
- SONEX has an incentive program to reward users who mint vASTR.
- You can find more info on their website, Twitter, and Telegram.

SONEX - The DeFi Quickening on Soneium

- **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

- Kus offers special content for BNC holders.
- They create a weekly AAG clip about Bifrost governance.
- They make a weekly bullish chart about Bifrost.
- The goal is to increase awareness and trust in Bifrost.
- They encourage minting liquid staked assets using their link.
- 50% of the minting commission is shared as a reward.
- They thank everyone for their support.

The Kus 🤝 Bifrost Reward Share Program

- Someone sent MOVR tokens to a Polkadot address using the Moonriver Bridge app.  
- The tokens arrived on the Bifrost dashboard but are stuck on the Kusama network.  
- They need BNC tokens to stake or move the MOVR tokens back to Moonriver.  
- Depositing BNC tokens doesn't work because the addresses for Kusama and Polkadot are the same.  
- The person is looking for a way to move the tokens back to Moonriver.  
- They are asking if there is a way to bridge the tokens back.

Accidentally sent Moonriver (MOVR) tokens to a Polkadot address   

- Bifrost Polkadot Runtime is a big file, 2.277 MB in size.
- It is compressed to save space.
- The metadata version is V14.
- The core version is bifrost_polkadot-16001.
- It has special codes called hashes for different actions.
- You can find it on IPFS with a special link.
- Many updates were made, like changing how commissions are calculated.
- Dependencies were updated to make it work better.

Upgrade Bifrost-polkadot to Runtime 0.16.1

- A plan to create trading pairs for vToken and BNC to help with future BNC buybacks.
- Four trading pairs will be made: vDOT-BNC, vGLMR-BNC, vASTR-BNC, and vMANTA-BNC.
- Liquidity will be added to each pair using funds from the Bifrost treasury.
- The amounts for each pair are:
  - vDOT-BNC: 2,397.18 vDOT and 95,687.435 BNC.
  - vGLMR-BNC: 301.1 vGLMR and 361.32 BNC.
  - vASTR-BNC: 13,994.73 vASTR and 4,121.447985 BNC.
  - vMANTA-BNC: 3,849.9 vMANTA and 16,041.25 BNC.

Proposal: Create vToken-BNC trading pair and add liquidity to Bifrost Swap

- 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

- Bifrost Polkadot Runtime is a big file (2.281 MB) and is compressed.
- It has a special code called "Metadata version V14."
- Many updates were made to improve how things work, like moving from version 1 to version 2 in different parts.
- Some changes include fixing bugs, adding new features, and making things faster.
- The team also worked on making sure the system pays out rewards automatically.
- They updated the system to use native tokens for gas fees in EVM.
- The full list of changes can be found on GitHub.

Upgrade Bifrost-polkadot to Runtime 0.16.0

- The Kusama chain has a total account balance of 80,763,731,286,926,555,647, with an excess of 763,731,286,926,555,647.
- The Polkadot chain has a total account balance of 79,999,995,154,039,829,347, with a decrease of 4,845,960,170,653.
- The cross-chain governance bridge totals 80,000,000,923,080,910,000, with an excess of 923,080,910,000.
- Excluding the bridge, the total is 80,763,725,517,885,474,994, with an excess of 763,725,517,885,474,994.
- To fix the totals:
  - Decrease Kusama's special address and treasury.
  - Increase Polkadot's treasury.
  - Adjust both chains' cross-chain governance bridges.
- After adjustments, both chains and the bridge will have totals of 80,000,000,000,000,000,000.

TotalIssuance Fix Step 2

### Summary

1. **Kusama Chain**:
   - Total balance: 80,763,731,286,926,555,647.
   - Excess amount: 763,731,286,926,555,647.

2. **Polkadot Chain**:
   - Total balance: 79,999,995,154,039,829,347.
   - Decrease amount: 4,845,960,170,653.

3. **Cross-Chain Governance Bridge**:
   - Total: 80,000,000,923,080,910,000.
   - Excess amount: 923,080,910,000.

4. **Adjustments on Kusama**:
   - Decrease a special address by 757,346,146,000,314,911.
   - Decrease the treasury by 6,385,140,926,240,736.
   - Transfer 461,540,455,000 from the bridge to the treasury.

5. **Adjustments on Polkadot**:
   - Increase the treasury by 4,845,960,170,653.
   - Transfer 461,540,455,000 from the bridge to the treasury.

6. **Final Total**:
   - Both chains and the bridge will have a total balance of 80,000,000,000,000,000,000.

TotalIssuance Fix Step 1

- Merkletribe.io and Bifrost.finance are partners.
- Merkletribe.io is nominating VBL nodes for Polkadot Network consensus.
- Merkletribe.io is a Node as a service business that aims to maintain secure the POS consensus.
- MerkleTribe/Kazaki 1EwUAppef3eii8rNEXM44WxVsB6y1apZkfD8ejpwH7d4nmQ is the VBL nomination node for Polkadot.
- Merkletribe.io will provide monthly reports of their node stats and operations.

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