[Liquid Staking] Referendum #82 -> helixstreet applying for VBL

Liquid Staking
20d ago
8 Comments
Rejected
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Decision14d
Confirmation3hrs
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Will be rejected immediately with over 
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 nay votes.
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49.9%Aye
50.0%Threshold
50.1%Nay
Aye
13,200BNC
Nay
13.23KBNC
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  • 0.0%

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3,300BNC
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There is no perfect plan, no value added to Bifrost, and I do not agree with it.

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Nah as well, pls optimize your dicussion proposal first, clarifying the beneficial partnetship of this.

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TL:DR

This proposal recommends the inclusion of helixstreet into the VBL of vKSM.

Information:

Name of node provider: helixstreet

Brief Description on node provider: Helixstreet is a parachain project operating within the Polkadot and Kusama ecosystems.

**Number of nodes that want to join the Validator Boost List:**3
The address of the node that wants to join the Validator Boost List and which network:

  • CrfvUqb1cbjJ9j7TkbCuXzuffquXFmAASZUeM3Ha9x6pXjX
  • J6K1vA6ynGo2GrotGpP5ocHKr82JFTv7NUnzJcoRfTcCn8T
  • DGvPFG7dHMWryfHQD2XBQ4WX1nM5KnyHmsLSj2k7DaBRhUD

Two of these nodes, and another helixstreet validator, are frequently selected by vKSM due to their high performance. Two nodes are also part of WEB3 Foundation DN.

Liquidity Contribution by VBL Applicant :

Token amount provided to minting vToken: vDOT / >>5000 ( minted and bought via hydration ) ; vKSM 100
Plan to provide vToken liquidity
Single token farming: Leverage vKSM,VDOT (Still in the experimental phase with small amounts)

vToken - Token LP: helixstreet has several LP Positions including vDOT on hydration.io

The provided liquidity figures will remain unchanged if accepted, and will be increased if possible.

Other

  1. Including helixstreet into VBL would increase the APY of vKSM due to the low commission and high performance of helixstreet, which would lower the average commission of VBL participants.
  2. Helixstreet has started a now fully synced bifrost Polkadot collator node (10 GB Internet/self-hosted), visible under telemetry (https://telemetry.w3f.community/ ->Bifrost Polkadot). If this collaboration succeeds, helixstreet will register the node in polkadot.js.
  3. Helixstreet is active in an environment where stakeholders, whose main focus is life sciences, would prefer to use liquid staking for simplicity. Helixstreet can recommend vKSM/vDOT when actively involved. The whole polkadot ecosystem would benefit from the pharma industry's investment in DOT.

Edited

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