vBNC migration 2-2 Stop Bifrost-kusama’s Collator incentives and corresponding vBNC services and related farming incentives

Whitelisted Caller
1mo ago
2 Comments
Executed

Incentive stop matters

  • Set the incentive parameter to 0
  • If there are any remaining incentives that have not been issued, they can be transferred back to the treasury through governance
  • Set the maximum number of active Collators to 4 (make sure that the 4 collators of Bifrost Seed are active in the initial stage) (in addition, the 3 non-seed nodes you run can be offline)
  • Temporarily shorten the round period to facilitate quick redemption
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Status
Decision14d
Confirmation5mins
Attempts
1
Tally
99.7%Aye
99.6%Threshold
0.3%Nay
Aye
200.51KBNC
Nay
648BNC
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support2.67%
2MBNC
Issuance
74.78MBNC
Votes
Nested
Flattened
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Call
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Timeline6
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Comments

Would be nice to get 2 weeks delay to allow exiting staking and converting BNC to vBNC in order to avoid going through a CEX for the transfer to Bifrost Polkadot. Or propose a conversion from staked BNC to vBNC for staked assets or unstaking assets.

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