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root

### vFIL Decommissioning Summary

- **Background**: vFIL, a Filecoin Liquid Staking Token (LST) by Bifrost, faced issues like poor cross-chain experience, lack of on-chain applications, and insufficient synergy with Filecoin's FEVM.
- **Decommissioning Phases**:
  1. **Q4 2024**: Stop FIL deposits and vFIL minting.
  2. **Q1 2025**: Transfer unlocked FIL to Bifrost’s pool as sealed FIL expires.
  3. **Q1-Q2 2025**: Enable fast vFIL redemption and FIL transfer back to Filecoin.
  4. **June 30, 2025**: Disable FIL cross-chain bridge.
  5. **Post-June 2025**: Users can still redeem vFIL, but FIL transfers require governance proposals.
- **User Actions**: Complete vFIL redemptions and FIL transfers during Phase 3 to avoid delays.
- **Future Plans**: Bifrost aims to relaunch FIL LST services with improved user experience, safety, and ecosystem collaboration.

Deciding

Proposal: Orderly decommissioning of vFIL services

TimedOut

- Someone made a mistake and sent 1000 USDT to the wrong place.
- They sent it to Binance on a chain called Bifrost Polkadot.
- Binance doesn't work with that chain, so they can't give the money back.
- The person wants the transaction cancelled and the money returned to where it came from.
- They provided some details about the transaction to help fix the problem.

Executed

[Root] Wrong Transfer to Binance Address on Bifrost Polkadot Chain

1. A person accidentally sent their DOT tokens to the wrong address.
2. The tokens are now stuck in an address that cannot be retrieved by the intended recipient.
3. The exchange, Binance, cannot retrieve the tokens due to technical limitations.
4. The person is seeking community support to potentially address the issue at the network level and retrieve the tokens.
5. A formal proposal will be drafted based on community feedback to prevent similar losses in the future.

Wrong cross-chain DOT transfer from Bifrost-Polkadot to CEX using Talisman

- BNCS farming is a way to earn rewards by contributing to the Bifrost network.
- The first phase of BNCS farming is ending, and a new proposal is being made to adjust the rewards.
- The new proposal will reduce the BNC rewards to zero and increase the DOT rewards slightly.
- The BNCS foundation will provide some of the DOT rewards, and users can also earn rewards by recharging DOT to the farming pool.
- These changes will take effect at a certain block height and will last for six months.

Update BNCS farming pool

- Bifrost Native Token (BNC) and Voucher DOT (vDOT) are two types of digital tokens.
- BNC has 12 decimal places and vDOT has 10 decimal places.
- Both tokens require a deposit to be made in order to use them.
- The tokens are associated with a Parachain called X2.
- The content includes a long code (calldata) that is not explained.

Register BNC & vDOT in Assethub foreignasset module

- Bifrost had a problem with a transaction before.
- ASTR on vASTR was destroyed on the Bifrost side.
- Bifrost needs to reissue ASTR to the SLP module address.
- There are some specific numbers involved in the calculation.
- Deviation value is 987,127,417,585,298,000,000.

Fix vASTR staking reserve

1. Some users had problems with their assets not arriving properly on Bifrost's cross-chain AssetHub.
2. The failed transactions will be collected and re-issued to the users through governance.
3. The specific assets that were affected are USDT.
4. The users will receive their stuck assets on Bifrost.
5. An xcm message will be sent to re-claim the trapped USDT and issue it in the Bifrost sovereign address to ensure the full reserve of USDT.

[0] Origin: Root