**Current Actual Available Excess Reserves (vETH 1.0 Stock):**

`390,320,239,619,352,032,322` ETH

### Allocation Breakdown

|**Item**|**Ratio**|**Value**|
|---|---|---|
|**Excess Reserve**|10%|`38,870,076,649,960,251,722` ETH|
|**Liquidity**|30%|`102,141,641,265,006,188,759` vETH (To be redeemed)|
|**LoopStake**|30%|`102,141,641,265,006,188,759` vETH (To be redeemed)|
|**Held in Treasury as vETH**|30%|`102,141,641,265,006,188,759` vETH|

---

### Execution Steps

1. **Mint** `351450162969391780599` ETH to the blackhole address and **transfer** it to the Bifrost Treasury.
    
2. The Bifrost Treasury **mints** the `351450162969391780599` ETH into vETH.
    
3. The Bifrost Treasury **redeems** `204283282530012377518` vETH.
    
4. The Bifrost Treasury **cross-chain transfers** `1418534570310608780` vETH to the _vETH 2.0 to 3.0 conversion reserve contract_ on Ethereum.
    
5. **Transfer** `351450162969391780599` ETH from the `readypool` to the blackhole contract and **burn** it.

- We have a very big amount of ETH saved up.
- We will split it into four parts.
- 10% will stay as extra savings.
- 30% will be used for liquidity.
- 30% will be used for LoopStake.
- 30% will be kept in the treasury.
- We will move some ETH to a special address and then burn it.
- This helps manage our savings carefully.

callHash

Executed

Submitted

DecisionDepositPlaced

DecisionStarted

ConfirmStarted

Confirmed

fellows

Proposal for the Execution of vETH Excess Reserve Handling

candidates

members

proficients

senior_fellows

experts

senior_experts

masters

senior_masters

grand_masters

Origin commanded by any members of the Polkadot Fellowship (no Dan grade needed)

Origin commanded by rank 1 of the Polkadot Fellowship and with a success of 1

Origin commanded by rank 2 of the Polkadot Fellowship and with a success of 2

Origin commanded by Polkadot Fellows (3rd Dan fellows or greater)

Origin commanded by rank 4 of the Polkadot Fellowship and with a success of 4

Origin commanded by Polkadot Experts (5th Dan fellows or greater)

Origin commanded by rank 6 of the Polkadot Fellowship and with a success of 6

Origin commanded by Polkadot Masters (7th Dan fellows of greater)

Origin commanded by rank 8 of the Polkadot Fellowship and with a success of 8

Origin commanded by rank 9 of the Polkadot Fellowship and with a success of 9

Item	Ratio	Value
Excess Reserve	10%	`38,870,076,649,960,251,722` ETH
Liquidity	30%	`102,141,641,265,006,188,759` vETH (To be redeemed)
LoopStake	30%	`102,141,641,265,006,188,759` vETH (To be redeemed)
Held in Treasury as vETH	30%	`102,141,641,265,006,188,759` vETH