Legend VBL KSM proposal

Liquid Staking
1yr ago
3 Comments
Executed

Hi all,

Further to our previous successful proposal to add our polkadot 1kv LEGEND validator to the VBL program (further details can be found here https://bifrost.subsquare.io/posts/16), we're also asking in this proposal to add our 1kv KSM validators to the VBL program as well.

So far we contributed to the Bifrost ecosystem by minting 45k vDOT & supplying liquidity to the vDOT-DOT LP accordingly. Our future plans are to mint up to 250k vDOT and use it on multiple places across the Polkadot DeFi ecosystem, such as providing liquidity on Stellaswap/Beamswap, using vDOT as collateral on moonwell (once approved & audited) and also by just holding vDOT.

In addition we plan to do the same with our GLMR treasury. Beyond that, we promote and support Biforst eco-system in any opportunity we have as a community member on important groups across the Polkadot ecosystem.

We'll appreciate your support on the current proposal.

Thanks,
Rafael

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Status
Decision14d
Confirmation3hrs
Attempts
1
Tally
100%Aye
50.8%Threshold
0%Nay
Aye
81.64KBNC
Nay
0BNC
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support0.07%
52.44KBNC
Issuance
77.74MBNC
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Comments

AYE
supplying liquidity to the vDOT-DOT LP is a super important criterion for the future lending partnerships.

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We can also add that in case of Legend the added value he brings to the Project will be for sure not only limited to liquidity introduction.
Legend is clearly one of the key players inside DotSama Community and among Collators, one of the most valued and trusted.
We're more than glad at Iceberg about having Legend with us on many activities, our endorsement is given with full heart.
We support him, strongly.

Michele Iceberg

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