TL,DR

This proposal is the step #2 to repay borrowed 50,000 KSM from Kusama Treasury, redeem withdrawed vKSM from step #1 to KSM.

Check more details in step #1 proposal: https://bifrost.subsquare.io/post/32

Summary

vKSM redeemed steps:

1. Dispatch Bifrost Treasury address (eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F) to redeem all withdrawed vKSM from Zenlink and Mangata. (The exact vKSM redemption amount will be announced after withdraw is executed).

*vtokenAmount should be equals to withdrawed vKSM amount.

Next Step

Step 3: Transfer all Subsidy KSM from Treasury address to the Treasury derived address, set_balance “KSM interest for one year” on the Treasury derived address and XCM transfer to Kusama Bifrost sovereign account.

Step 4: initiate proposal on Kusama to repay all borrowed KSM + the KSM interest for one year.