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PromoTeam is a group of people who promote the Polkadot ecosystem by creating content, organizing events, and managing communities. They also run validator nodes for different blockchains and participate in projects as investors and advisors. They want to join the Validator Boost List for Polkadot and will contribute liquidity by staking BNC and providing it to Omipool on HydraDX. They have helped develop and promote Bifrost and have done a lot of marketing and informational support for it. They recently did a campaign to promote Bifrost as the main liquid staking and DeFi provider of the ecosystem. They have a big audience on social media platforms like Twitter and Telegram.

PromoTeam: Validator Boost Proposal

- Bifrost Treasury wants to transfer 87336.59491 BNC to Foundation.
- The transfer is for adjusting the incoming farming incentivized round from 23/11/2023 to 31/12/2023.
- The transfer will affect different pools, such as vDOT-DOT, vDOT-USDT, and vGLMR-GLMR.
- The total amount of BNC to be transferred will be distributed among the different pools.
- The chart shows the name of the pools and the amount of incentivized BNC they will receive.

Transfer BNC For Adjusting The Next Farming Incentivized Round

Set vASTR commission rate to 10%

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

Update farming pools on Bifrost Polkadot

- Bifrost is moving BNC from Bifrost Treasury to Bifrost Foundation.
- This is to incentivize events related to vDOT unlock and SLPx deployment on Moonbeam, Moonriver, and Astar.
- There will be a total of 756,474.887 BNC given as rewards for LP farming, vDOT unlock harvest, and Zealy campaign.
- LP farming rewards will be given for farming vDOT/DOT, vDOT/USDT, xcvDOT/xcDOT, xcBNC/xcDOT, xcvFIL/xcFIL, xcGLMR/xcvGLMR, and xcvKSM/xcKSM.
- The vDOT unlock harvest and Zealy campaign will also provide rewards.

Transfer BNC From Treasury to Foundation For SLPx and vDOT Unlocking Incentives

- LuckyFriday is a team of experts building a secure platform for blockchains.
- They want to join the Validator Boost List for Polkadot with 2 nodes.
- They will commit $100k of vDOT to be a launch partner for vDOT on Interlay as vault collateral.
- They have many brands and communities that can help promote Bifrost services.
- LuckyFriday also provides RPC services for many Polkadot ecosystem projects.

LuckyFriday: Validator Boost Proposal

Please ignore, will re-post at a later date.

- Bifrost is launching a new tokenomics system in the 3rd quarter of this year.
- vToken will be the main source of revenue to support the BNC ecosystem.
- All vToken commission will be kept in the treasury for BNC repurchase and incentives.
- The commission rate for vDOT and vGLMR will be adjusted from 0.1% to 10%.
- There will be more discussions on commission allocation and usage scenarios through Bifrost's upcoming OpenGov Treasury Track.

Restore vDOT, vGLMR commission rate to 10%

- Zenlink will receive a loan of 50,000 KSM.
- The loan will be used to provide liquidity to the existing Swap vKSM-KSM pair.
- The loan will be split into 25,000 KSM worth of vKSM and the rest in KSM.
- The total liquidity position will be 20365.146282 vKSM and roughly 25,000 KSM.
- The loan will be spent by issuing 50,000 KSM, minting 25,000 KSM to vKSM, and adding 25,000 KSM and the corresponding vKSM liquidity to the Zenlink liquidity pool.

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