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SubSquare's post talks about making it easier to use cryptocurrency for transactions. They discuss a problem they faced when trying to swap one type of cryptocurrency for another. They explain that currently, they have to go through multiple steps to make the swap, which can be time-consuming and expensive. They propose a solution to reduce the number of steps involved in the process by allowing people to pay their fees in any token. This would make it easier and faster to make transactions using cryptocurrency.

Be able to pay for "swap fees" with any asset.

- 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.

Apply 5,000 DOT from Bifrost Treasury for parachain lease swap referendum deposit on Relay Chain

Feature request

ABOUT FEES FOR MANTA TRESORY.

I Sent BNC from an exchange to my Bifrost address and i did not get it

- Bifrost Community is happy about BNCS inscription.
- BNCS has been changed to a token for more simplicity and there is a great farming on it.
- Currently, there is a missing market for BNCS.
- A pool BNC/BNCS is suggested to be opened.
- The community will add the liquidity and swap fees are an incentive for it.

Opening pool BNC / BNCS

Bifrost wants to start a buyback of their token BNC from the treasury. This can motivate new users and attract more liquidity to their DeFi products. They suggest using the staking liquid protocol fee for the buyback and want to discuss using 50% of it. They propose doing this only for KSM & DOT rewards and suggest making a monthly DCA inside HydraDX platform to buy back BNC. This will allow them to buy back around 3% of the circulating supply by year at current value. They want to hear from the community to make a governance vote to begin the buyback.

BNC buy back with treasury

- Someone wants to talk about adding a new type of coin to Bifrost.
- They think adding this type of coin will help people understand the network better.
- They want to add a specific coin called Pink, which has a big community.
- They suggest two things to add Pink to Bifrost: register the token and create a pool.
- They also suggest Pink could give some of their coins to people who have BNC or vDOT.

Register PINK meme coin on Bifrost

- Someone wants to talk about a fee on vDOT.
- The fee is currently at 0.1% and is meant to encourage people to put DOT on vDOT.
- The person thinks it would be better to stop the promotion and grow the Bifrost treasury instead.
- They don't think the fee will stop people from using vDOT.
- They want to hear what the community thinks and maybe have a vote to change the fee.

Set vDOT commission rate to 10%

Propose to Provide BNC-DOT Liquidity via Treasury

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

Legend VBL DOT proposal

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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