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SubSquare is a project that has proposed and received approval for a spending proposal in the Kusama network. The spending proposal will be released soon.

SubSquare plans to take several steps to deploy a 50,000 KSM liquidity loan to Zenlink, a decentralized exchange, and then split the position to Taiga Stable Asset.

The split percentage will be decided by the community. TaiKSM can be used as collateral staking on Karura, and Bifrost and Taiga are pushing for both vKSM and taiKSM as direct collateral for aUSD.

SubSquare is also discussing the security of parachain sovereign account and representation assets and enabling cross-chained vKSM utilities.

[Forum Migration Postings] Kusama Treasury Fund Roadmap

- Bifrost's early financing was undervalued due to poor market conditions.
- Seed round investment institutions have up to nearly 150x return on investment.
- The current unlocking terms are relatively loose, leading to short-term impacts on the project.
- Bifrost's current market value is underestimated compared to other parachain projects.
- Proposal to adjust the unlocking time of seed round investment institutions from 300 days to 900 days to restrict short-term selling pressure.
- Token distribution includes ecosystem, founder and team, seed round I and II, strategic round, private round, marketing and community, mint drop, and treasury.

[Forum Migration Postings] Referendum proposal: Extend the unlocking time of Bifrost investment institutions by 3x, from 300 days to 900 days

- The previous proposal was deemed unfair to treat all institutions with the same standard.
- The new proposal is called BNC Loyalty and Lockup Compensation.
- The loyalty score of each address is calculated by comparing the initial BNC balance of the address with the existing BNC balance.
- The proposal divides addresses into Seed and Private and gives them different schemes according to different loyalty.
- The proposal aims to slow down the release of BNC tokens for private and seed rounds.

Discussions