TL,DR

This proposal adjusts vKSM, vBNC, vMOVR commission rate from 0.1% to 10%.

Summary

According to the Roadmap, Bifrost will launch the new BNC Tokenomics in the 3rd quarter of this year, which means that vToken will serve as the main source of protocol revenue to support BNC's stable ecological and economic cycle. All the vToken Commission will all be kept in the treasury, and will be used for BNC repurchase after the new tokenomics goes live and continue to incentivize veBNC holders, vToken Farming and etc.

vTokens for this commission adjustment:

Bifrost-Kusama

vKSM: Commission rate 0.1% ⇒ 10%

vBNC: Commission rate 0.1% ⇒ 10%

vMOVR: Commission rate 0.1% ⇒ 10%

More Commission allocation and usage scenarios can be discussed through Bifrost's upcoming OpenGov Treasury Track.

Stay tuned.