VBL Proposal - Merkletribe

Hi,

If you are applying for a Kusama VBL seat, I guess the appropriate Gov to apply is on Bifrost-Kusama side then.

Feel free to repost if needed.

thanks for the application @dp4P...54vZ

Can u provide more details regarding this "Planning to update liquidity providing adding 25DOT Monthly, up to first milestone of 1000 vDot minted" , do you have more details regarding this?

Finally, keen to know which initiatives you can undertake to push bifrost liquid staking solutions exposure within your network?

thanks for letting us know.

I'm having a look to your X account:
https://x.com/HandyCrypto/status/1717201912628408679

https://x.com/merkletribe/status/1711660918382444778
-> Could you for instance provide data on your VBL on Kusama side so that we could understand the way you are planing to do it on Polkadot side ?

What is the factor that makes you decide on a 25 DOT/month liquidity addtion and not more ?

Thx for the explainations

@SuperDupont
@Thibault

VBL Participation Plan

• Initial Step: We have already deposited 500 DOT in the Bifrost parachain and minted vDOT.
• Ongoing Process: In case of successful participation in the VBL, we plan to:
  • XCM Transfer: Transfer 25 DOT on a monthly basis to regularly mint vDOT.
  • Goal: Continue until we reach a total of 1000 DOT (completely converted).
  • Rationale: The 25 DOT amount is chosen to maintain a margin on the node, considering monitoring/managing costs and the uncertainty of inclusion in the set.

Marketing/Community Plans

• Monthly Initiatives:
  • Restart a Dotsama dedicated Space on our Twitter profile.
  • Sponsored by Bifrost Liquid Staking Solution or through other commercial collaborations.
• Social Media:
  • Include one monthly retweet quote about important updates of the project.

VBL Progress UPDATE JULY24/DEC24

To publicly involve all participants in Bifrost, here is our summary of what Merkletribe has done to preserve the VBL Kusama and Polkadot participation.

As a strategic operation, the 10 KSM provided monthly over the next few months have been converted into DOT. This will continue until any MerkleTribe strategic update. Specifically, 60 KSM, corresponding to the funding of July, August, September, October, November and December has been converted into 249.37 DOT and XCM transferred to Bifrost Polkadot to mint vDOT.

As participation of Bifrost Polkadot VBL We xcm-transferred 125DOT for August to December 24 Participation and minted vDOT.

Merkletribe's Bifrost DOT Address: fGsdsHoJyGYrmvVhUGFgQFFMsfp3tcknNisxA8FD7vEnHZh

The actual update posts will be provided on a six-month basis.

If you have any questions or need further information, please do not hesitate to reach out.