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Bifrost Finance has released an update with several changes and improvements. Here are the key highlights in simple terms:

- The update has made it easier to manage operations.
- The logic for cross-chain price feeding fees has been improved.
- The process for destroying treasury expenditure fees has been enhanced to ensure successful cross-chain operations.
- The commission channel logic has been optimized, and it is no longer a required configuration item.
- The algorithm for the vToken to token exchange single transaction amount in the treasury has been updated.

Upgrade Bifrost-kusama to Runtime 0.9.98

Bifrost-finance, a blockchain project, has released a new version called Bifrost-v0.9.96. Here are the changes made in this version:
- Several dependencies have been updated to their latest versions.
- Some features like calculator and try-runtime subcommand have been removed.
- SLPx implementation logic has been optimized to solve cross-chain execution order issues.
- Transaction fees have been reduced to about 0.08 BNC.
- Cross-chain handling fees during cross-chain management of SLP assets have been optimized to avoid a decrease in small-amount asset reserves.
- After vToken participates in governance and changes the number of votes, the number of vTokens locked in the referendum can be immediately refreshed.
- An automatic method has been added to clear expired VBL.

Upgrade Bifrost-kusama to Runtime 0.9.96

decentraDOT is a node provider that offers high-quality Polkadot validators in The Netherlands. They use their own in-house hardware for top-notch security and performance. They have joined the Polkadot Thousand Validator Program and are one of the largest pools in the Polkadot network. They want to join the Validator Boost List with one node on the KSM network. They have provided liquidity contributions of 8,350 vDOT ($66,800) and future commissions will be moved into vKSM. They offer Polkadot guides, a validator dashboard, and tools such as a validator selector tool.

decentraDOT - Validator Boost Applicant

Sekoya Labs is a node provider that offers validator services for different blockchains. They have been providing these services for over 3 years and have state-of-the-art security systems to protect the validators. They are also an active participant in the Polkadot and Kusama 1kv program. Sekoya Labs plans to join the Validator Boost List for Bifrost on Kusama with a commission of 10%. They also plan to provide vToken liquidity and marketing support through their website, Twitter, Telegram, and Discord channels. Sekoya Labs can provide monthly periodic node run reports and any necessary documentation to ensure that the node performance is in the top 25%.

Validator Boost List Node Proposal - Sekoya Labs

- Colossus is a digital asset management company that wants to join the Validator Boost List of Kusama.
- They have over 150 nodes and specialize in supporting Proof-of-Stake chains.
- Colossus offers staking services, institutional custody, and protocol governance through active engagement and on-chain voting.
- They have a worldwide community and will use LinkedIn, Substack, and Twitter to promote Bifrost SLP.
- Colossus is committed to maintaining high performance and employs robust security measures to ensure the safety of digital assets.

Validator Boost List Node Proposal - Colossus

VETH in HydraDX?

Bifrost, a finance platform, has made several updates to its system. Here are the changes:
- Updated the farming pallet to include CurrencyId abstraction
- Fixed chain spec
- Added a channel commission module
- Added support for hydradx user call slpx
- Removed bifrost_channel_commission pallet
- Added timeunit revise function

Upgrade Bifrost-kusama to Runtime 0.9.92

Bifrost is a software that has been updated to version 0.9.90 with many changes and improvements. Some of the changes include upgrading to polkadot-v1.1.0, optimising integration tests, and fixing bugs. 

Bifrost now supports lending markets, oracle price feeding, leveraged collateral, and vsToken redemption reservation. 

The software has also been optimized for cross-chain transaction weight transmission mechanism and vtokenVoting supports arbitrary leverage voting. 

Bifrost now supports decentralized cross-chain price feeding for vToken redemption exchange rate.

Upgrade Bifrost-kusama to Runtime 0.9.90

- Bifrost is proposing to extend the rewarding time for extra 180 days with 400,000 BNC.
- The emission rate will remain the same at 180 BNC/Round.
- The end block of this new collator reward circle is provided.
- Bifrost Collator Reward Pallet address is eCSrvbA5gGNQr7VZ48fkCX5vkt1H16F8Np9g2hYssRXHZJF.
- Bifrost core dev team will discuss if collator reward will still remain on Bifrost-Kusama or migrate to Bifrost-Polkadot.

Incentivize 2nd Round of Collating Reward

- Merkletribe.io and Bifrost.finance have a new official nomination for the VBL at first for Kusama Network consensus.
- Merkletribe is a Node as a service business that aims to maintain secure the POS consensus along the entire dotsama ecosystem and guarantee a solid staking framework for Liquid staking solutions as Bifrost.
- Merkletribe has provided VBL nomination nodes for ksm.
- Merkletribe wants to expand its network of partnerships and connections with different businesses.
- Merkletribe plans to update liquidity providing by adding 10KSM monthly and will produce a monthly report of their node stats and operations publicly visible in the discussion area.

SLP Validator Boost list Proposal - Merkletribe [Update]

Migrate Farming Pool 19 to Pool 20

Migrate vKSM/KSM, vMOVR/MOVR, vBNC/BNC and vsKSM/KSM Pool to Stable Farming Pool

- Kusama subsidy liquidity is moving from Zenlink to Bifrost Stable AMM (vKSM-KSM).
- They will withdraw vKSM-KSM liquidity from Zenlink and provide liquidity to Bifrost Stable Pool.
- The actual withdrew and deposit amounts will depend on real execution on the chain.
- The amount of vKSM to be withdrawn from Zenlink is 20,365,146,282,000,000 (12 decimals).
- The amount of KSM to be withdrawn from Zenlink is 24,926,067,326,354,038 (12 decimals).

Kusama Subsidy Distribution: Step 2

- Merkletribe.io and Bifrost.finance are partners.
- Merkletribe.io has nominated nodes for Kusama Network, Polkadot, and Bifrost.
- Merkletribe.io aims to maintain secure POS consensus and guarantee a solid staking framework for Liquid staking solutions.
- Merkletribe.io will provide tokens for liquidity and monthly updates on node stats and operations.
- Merkletribe.io plans to expand their network of partnerships and connections with different businesses.

SLP Validator Boost list proposal - Merkletribe

- Cryptofisher Node is a company that provides secure staking services for blockchain networks.
- They specialize in being validators on relaychains and collators on the parachains of the Polkadot and Kusama ecosystems.
- Their team consists of experienced professionals who provide technical support to project teams.
- They are focused on providing reliable staking services and helping clients achieve optimal security and maximize their rewards.
- Cryptofisher Node has a strong marketing team and is committed to supporting projects and popularizing Bifrost in Ukraine and Eastern Europe.

SLP Boost Validator List proposal -  Cryptofisher Node

- Bifrost is making changes to its vToken commission rates.
- The changes will affect vKSM, vBNC, and vMOVR tokens.
- The commission rate will increase from 0.1% to 10%.
- The vToken Commission will be kept in the treasury for BNC repurchase and to incentivize veBNC holders and vToken Farming.
- More information about commission allocation and usage scenarios will be discussed in Bifrost's upcoming OpenGov Treasury Track.

Restore vKSM, vBNC, vMOVR commission rate to 10%

Here's what happened:
- A user tried to transfer 317.001366 USDT from Bifrost Kusama to AssetHub (Kusama) chain.
- The transfer was successful on the Bifrost Kusama side, but failed on the AssetHub side due to a barrier.
- The proposal suggests recovering the lost USDT by issuing USDT tokens on Bifrost Kusama to the user's account that originated the transfer.
- Tokens not arriving at a user account on AssetHub doesn't necessarily mean they haven't been recorded by AssetHub.
- The proposed solution is to perform two calls wrapped in `batch_all`: `tokens.setBalance` for an inaccessible account and `tokens.forceTransfer` from that account to the user's account.

Recover user funds lost due to failed XCM transfer

- Zenlink is a platform for trading cryptocurrencies.
- A loan of 50,000 KSM will be given to Zenlink for liquidity.
- The loan will be split into vKSM and KSM.
- The loan will be added to the existing Zenlink Swap vKSM-KSM Pair.
- The loan will be added using the Currencies::update_balance, VtokenMinting::mint, and ZenlinkProtocol::add_liquidity methods.

Kusama Subsidy Distribution: Step 1

- Bifrost proposes to use BNC from its treasury to provide liquidity to the HydraDX Omnipool on the Polkadot ecosystem.
- This will allow BNC to be traded natively and efficiently within the Polkadot ecosystem, complementing vDOT and helping Bifrost users interact with the network.
- The funds will remain in control of Bifrost governance and can be withdrawn at any time.
- The proposal is aligned with the core principles of Polkadot, which emphasizes cross-chain communication and cooperation.
- The benefits for BNC holders include trading BNC vs. any other asset in the Omnipool, single-sided LPing, OTC trading, and cross-chain transfers.

Proposal to list BNC on the HydraDX Omnipool

- Bifrost borrowed 50,000 KSM from Kusama Treasury and needs to repay it.
- They are redeeming all withdrawed vKSM from Zenlink and Mangata.
- The exact amount of vKSM redeemed will be announced later.
- The next step is to transfer all Subsidy KSM from Treasury address to the Treasury derived address and set balance "KSM interest for one year" on the Treasury derived address.
- Finally, they will initiate a proposal on Kusama to repay all borrowed KSM and KSM interest for one year.

Kusama Treasury Subsidy Repayment: Redeem borrowed vKSM

Bifrost is proposing to withdraw liquidity from two different exchanges, MangataX and Zenlink. They want to withdraw a certain amount of vKSM and KSM liquidity from each exchange. After withdrawing, they will transfer the liquidity back to Bifrost Treasury. The next step is to redeem the withdrawn vKSM to KSM via the referendum.

Withdraw Kusama Treasury subsidy KSM/vKSM liquidity from Zenlink and MangataX DEX

- Tokenguard is a company that helps blockchain creators understand how people use their product.
- They are making a tool that will help creators see how people use their product and make better decisions.
- They want to help creators save money by not having to create their own tools to track user data.
- They have a plan to charge a one-time fee to help creators set up their tool.
- They have a plan to expand their tool to work with more blockchains in the future.

User-related data analytics tool proposal for Bifrost 📈📊

Blockdaemon is a company that helps businesses connect to blockchain networks. They want to join the Validator Boost List for Kusama, Polkadot, Moonbeam, and Moonriver. They have provided addresses for their nodes. They cannot contribute to the liquidity pool because they do not hold any collateral tokens, but they can share liquid staking solutions with their institutional customers. They have a large social media following and can promote Bifrost through case studies, newsletters, events, Twitter posts, and podcasts. They also provide monthly reports and technical support.

SLP Boost Validator List proposal - 😈 Blockdaemon 😈 (EDITED)

- Bifrost is proposing a plan for the Kusama Treasury Fund Roadmap.
- The plan involves shifting away from the original proposal to prioritize vKSM-KSM for utility scenarios and cross-chain interactions.
- The next step involves providing initial liquidity of $50,000 to MangataX, a next-generation DEX that makes tokens from all ecosystems tradable on a single exchange.
- Bifrost will withdraw $50,000 liquidity from Zenlink vKSM-KSM LP and deposit it to MangataX.
- MangataX will provide an incentive of 8,250,000 MGX, 20.44% APR for the first two weeks, and then it will be adjusted every two weeks.

Kusama Treasury Fund Step 2

Iceberg Nodes is a node provider that offers secure staking services for Polkadot, Kusama, Moonbeam, and Bifrost ecosystems. They are highly involved in community activities, governance on chain, and technical support to project teams. They want to join the Validator Boost List for Polkadot, Kusama, Moonbeam, and Bifrost. They plan to provide liquidity for GLMR and BNC tokens. They will also provide educational initiatives around Bifrost SLP or Bifrost service in general. They will produce a monthly periodic node run report for each validator/collator in the VBL.

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