Bifrost aims to be a next-generation DeFi Appchain that focuses on achieving profitability, incentives, expansion, and increased profitability. The Bifrost Tokenomics 2.0 proposal has been released (https://bifrost.subsquare.io/posts/77). The proposal suggests that 100% of the protocol's profit, after deducting operating costs, will be used to buy back BNC (bbBNC). The community is currently discussing the proposal as it moves into the development phase. The launch is expected in the fourth quarter of 2024.
Based on the current token price, Bifrost's annual protocol revenue is approximately $1,511,323, with operating costs budgeted at around $1,076,273 per year. This results in an annual protocol profit of $435,050. With the growth of TVL and the market's upward trend, Bifrost's protocol revenue and profit are also expected to increase. This proposal marks the first Bifrost operating cost proposal.
Continue to deliver and implement Bifrost's future roadmap. This involves solidifying Bifrost's position as the largest liquidity protocol in the Polkadot, Kusama, Astar, Moonbeam, and Manta ecosystems. Additionally, we aim to expand Bifrost SLPx into more L1 & L2 ecosystems and increase the application scenarios of Bifrost TVL and vToken.
| Monthly Budget | 6 Months Budget | Usage | |
|---|---|---|---|
| Salary | $64,010.92 | $384,065.52 | Coder, Product, Operation, Marketing, BD, Strategy, and Financial team Salary |
| Server Operation and Maintenance | $8,956.86 | $53,741.16 | RPC, Collator, API, Test, Server, Third-party Services |
| Team Collaboration Tools | $934.03 | $5,604.18 | Workspace, Communication, Task Management, Document |
| Community Operation | $5,119.21 | $30,715.26 | Ambassadors, Podcast, AMA, Twitter Space |
| Talent Incentive | $10,668.49 | $64,010.94 | Quarterly / Annual rewards, KPI rewards |
| Total | $89,689.51 | $538,137.06 |
Total budget (6 Months): $538,137.06
Requested：
Beneficiary: