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### Summary

- Bifrost plans to repay 54,625.0495 KSM to Kusama Treasury.
- The KSM comes from two sources:
  - 20,993.9361 KSM withdrawn from a stable pool.
  - 33,631.1134 KSM redeemed from vKSM.
- Repayment steps:
  - First, transfer 10 KSM for testing.
  - Then, transfer the remaining 54,615.0495 KSM.
- Both transfers will use XCM (Cross-Chain Message) technology.

Kusama Subsidy Repayment: Step 3

Bifrost Kusama Runtime is a software program that has been updated to version 0.14.0. The program has a size of 2.163 MB and is compressed. The metadata version is V14 and the core version is bifrost-14000 (bifrost-0.tx1.au1). The program has undergone several changes, including the optimization of various pallets, the removal of unnecessary methods, and the addition of new methods. The full list of changes can be found in the provided link.

Upgrade Bifrost-kusama to Runtime 0.14.0

Kusama Subsidy Repayment Step 2: Redeem vKSM

- Bifrost borrowed KSM subsidy from Kusama Treasury and distributed it in two batches.
- The proposal aims to withdraw BLP from Bifrost Stable pool with interest.
- The estimated LP proportion would be 54,247.34 BLP.
- The BLP will be used to repay Kusama Treasury.
- The proposal will withdraw proportion from Bifrost Stable pool.

Kusama Subsidy Repayment Step 1: Withdraw LP from Stable Pool

Bifrost Kusama Runtime:

- The runtime size is 2.128 MB (2,231,378 bytes).
- Some dependencies have been updated.
- Some getters have been removed from different parts of the code.
- Some optimizations have been made to the code.
- Some new features have been added to the code, such as SLP v2 and VBNC convert.

Upgrade Bifrost-kusama to Runtime 0.13.0

- Bifrost is a DeFi Appchain that aims to make a profit and expand.
- They released a proposal called Bifrost Tokenomics 2.0, which suggests that all profits will be used to buy back Bifrost tokens.
- The community is discussing the proposal, and the launch is expected in the fourth quarter of 2024.
- Bifrost's annual profit is around $435,050, and they plan to expand into more ecosystems.
- They have a budget of $538,137.06 for six months, and they are requesting 12,000 KSM and 12,205.35 vKSM.

Bifrost Operating Cost Budget Proposal (for 6 Months)

- The proposal aims to make adjustments to farming.
- There are three parts to the proposal.
- The first part transfers BNC from Treasury to Bifrost Foundation.
- The second part adjusts the reward emission of different pools.
- The third part dispatches Treasury to charge BLP rewards to stable pools.
- The proposal includes adjustments to various pairs such as vBNC/BNC, vKSM/KSM, vMOVR/MOVR, BNC/ZLK, BNC/KSM, vKSM, vKSM/USDT, and BNC/USDT.

Farming Reward Charging - Sep-Oct

Topping up Bifrost-Kusama Collator Incentive for another 2 months

Bifrost-finance has released a new version of their software, called bifrost-v0.12.0. Here are some important changes:
- The software now supports the universal Ledger app.
- A bug that caused vtokenVoting.remove vote to fail in some cases has been fixed.
- Assethub cross-chain fee processing has been optimized.
- The OpenGov whitelistcaller track parameters have been adjusted, allowing proposals to be passed faster.
- There have been updates to various dependencies used by the software.

Upgrade Bifrost-kusama to Runtime 0.12.0

Iceberg Nodes is a node provider that offers secure non-custodial staking services on many networks. They want to be added to the Validator Boost List of Bifrost Kusama for vKSM, vMOVR, and vBNC. They will provide 500 KSM at the start of the 6 months period and 30 KSM every month during the period. They will also provide educational initiatives around Bifrost. They are active in the Italian community of Polkadot and Kusama ecosystems and have supported Bifrost in the past. They have never had slashing on their validators and have been active on Moonbeam and Bifrost since the beginning of the DPoS launch.

VBL Proposal - 🧊 Iceberg Nodes 🧊 - July 2024 - Bifrost Kusama Part

- Merkletribe.io and Bifrost.finance are partners.
- They have nominated VBL nodes for Kusama Network consensus.
- MerkleTribe/Bayaka is the nominated node with current fees of 15%.
- They aim to expand their network of partnerships and connections with different businesses.
- They maintain 10 KSM monthly basis providing of the actual VBL nodes and includes commercial marketing activities on Twitter.

VBL Proposal 2024 Merkletribe 

- 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]

Bifrost-finance made some changes and added new features in their latest version. Here are the important ones:

- Bifrost-finance now allows Snowbridge bridged ERC20 Reserves from Asset Hub.
- They added a buyback feature.
- SLPx mint support commission id was added.
- They added vtoken exchange rate rpc.
- Some bug fixes and upgrades were also made.

A new contributor named alistair-singh made their first contribution. You can see the full changelog on their GitHub page.

Upgrade Bifrost-kusama to Runtime 0.11.0

Bifrost-finance has made updates to their platform. Here are the changes:
- They added a new feature called HashedDescription XCM location converter.
- They upgraded to polkadot-v1.6.0.
- They fixed some bugs related to bench, ve minting, increase_unlock_time, and redeem_commission.
- They added clouds-convert pallet, identity and collator_selection migrations, and redeem_to feature.
- They removed tips&bounty pallet.
- They migrated from bifrost rococo to paseo network.
- A new contributor named arrudagates made their first contribution.
- BNC 2.0 related pallets are now online.

Upgrade Bifrost-kusama to Runtime 0.10.0

- Bifrost had a problem where users lost their KSM without getting the same amount on Kusama.
- A failed transaction caused this issue.
- 8162998142377862 KSM tokens were stuck.
- The problem has been identified and will not affect the chain's normal operation.
- There is a proposal to reissue the KSM tokens to the users' address to fix the problem.

Fix KSM where a user got stuck due to xcm asset cross-chain failure

- Kus Validation service has been submitted to the VBL program.
- The service is managed by Lucky Friday and 10% commission goes towards the development of Kus Content.
- Kus Content includes frequent news updates from Bifrost on Mon-Fri News show, Bifrost Gov developments every Monday on AAG, and Top Bifrost team members on Space Monkeys Podcast.
- You can find answers to the standard VBL Application in the provided link.
- The Kus team sends much love!

Kus Validation - VBL Application 🤖❤️

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

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

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.

Discussions