Name of node provider: LEGEND
Brief Description on node provider: Node Runner FZCO is a stake-as-a-service company based in Dubai, UAE. It operates multiple validators under the “LEGEND” brand, focused on DOTSAMA ecosystem, such as Polkadot (1kv program), Kusama (1kv program), Moonbeam & Moonriver.
Number of nodes that want to join the Validator Boost List: 1
The address of the node that wants to join the Validator Boost List and which network: 14zfiH2sMH955cG2yKUQbHSP3oQ8W4Ai9p9wSSZunvQ4TU4k
Liquidity Contribution by VBL Applicant :
Token amount provided to minting vToken: 1m GLMR + 40k DOT
The company validator is self funded and fully supported by the community.
Further to our our previous successful proposal that can be seen here - https://bifrost.subsquare.io/posts/16 ,we already minted in total ~67k vDOT as promised and added it to StellaSwap LP (with the equivalent DOT tokens required of ~60k DOT) over the last 6 months. We absorbed the impermanent loss accordingly during that period.
Nowadays, we offer to increase our vDOT minting to ~119k total, adding 40k DOT to our previous minting.
In addition, we'll also mint 1m GLMR to support the liquidity there according to Bifrost's team priorities.
We expect to provide the liquidity in a course of 6 months, and will try to do it lineraliy by the end of each month. In addition, our liquidity support relies also on the Hydra team to finalize their Money market platform, therefore, delays with their launching may cause a delay with our minting accordingly. Having said that, if we find that the delays are too heavy, we'll figure out how to mint different tokens such as ASTR & MOVR in the same $ value from our own treasury.
In addition to the significant liquidity provided, we're also building a new website for Polkadot nominators to help them better choose between existing validators. We expect the website to have decent traffic and we'll promote Bifrost there as well.
We really hope for your support, exactly as we received from you in our previous proposal, and hope we can help Bifrost together grow bigger and stronger!
Thanks,
Rafael
Threshold
Following the rationale in the discussion, AYEd