i appreciate the quick action of Bifrost team, always support Bifrost

candidates

members

proficients

fellows

senior_fellows

experts

senior_experts

masters

senior_masters

grand_masters

# Summary
This proposal, if executed, will:
Transfer 10,000 DOT from Treasury to Foundation for BNC Buyback via Hydration.

## Motivation
Currently, the BNC that the exploiter moved to Moonbeam is being processed for recovery to the Bifrost treasury through [Moonbeam governance](https://moonbeam.polkassembly.network/referenda/62).

As of now, the impact of this incident on the Bifrost treasury has been completely eliminated, and no new circulation of BNC from this incident can enter the market. Currently, the price of BNC is still at a discount compared to before the incident. Therefore, the proposal plans to repurchase an additional 10,000 DOT of BNC.

This measure aims to demonstrate Bifrost's long-term commitment to BNC and further strengthen the community's confidence and support in our project, creating more opportunities and potential for community holders. We encourage community members to actively participate and provide constructive feedback to jointly promote the development and growth of Bifrost.

- Bifrost wants to buy back 10,000 DOT from the Foundation for BNC Buyback via Hydration.
- This is to show that Bifrost is committed to BNC and to make the community more confident in the project.
- The BNC that was moved to Moonbeam is being recovered to the Bifrost treasury.
- The incident did not affect the Bifrost treasury anymore and no new BNC from the incident can enter the market.
- BNC's price is still lower than before the incident, so the proposal plans to repurchase more BNC.

proposalHash

votingPeriod

delay

Transfer 10,000 DOT from Treasury to Foundation for the 2nd batch of BNC buyback

#139·Transfer 10,000 DOT from Treasury to Foundation for the 2nd batch of BNC buyback

Summary

Motivation