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Upgrade Bifrost-polkadot to Runtime 0.23.0

Proposal: Introduce Governance Incentive Mechanism

Deposit Reserved bbBNC Rewards to Buyback Pool

WAVE to BNC Conversion Rate Discussion

Initialize the remaining vETH on-chain logic

Executed

[Senior Fellows] Set arbitrum hyperbridge relayer fee

[Senior Fellows] Set base oracle relayer fee

[Senior Fellows] Set ethereum oracle relayer fee

- Bifrost Polkadot is a blockchain system that got an update.
- The new version is bigger than before, at about 3 MB.
- It has a special code to help it run better.
- The update includes changes to how fees are handled.
- It adds new features for staking, which is like earning rewards.
- Some old parts were removed to make it simpler.
- There are fixes to make sure everything works correctly.
- The update also improves how the system talks to other blockchains.

- We are giving rewards to collators for 3 more months.
- They will get 197,100 BNC in total.
- Each round gives 180 BNC, and a round is about 2 hours.
- Rewards come from the Bifrost Treasury.
- They go to a special reward address for collators.
- This helps keep the network running smoothly.

Renew Collator Incentive - 3 months

Resume User's Failed DOT XCM

TimedOut

Deciding

Option B: Governance Participation Earns Lottery Tickets

Option A: Governance Participation Affects bbBNC APY

-   People who helped with the BNC event can choose how to get their rewards.
-   They can pick **Option A**: get BNC tokens slowly over 12 months.
-   Or, they can pick **Option B**: wait 2 months, then get bbBNC tokens locked for 1 year. These tokens can earn extra rewards.
-   The community needs to vote on whether to offer this choice.
-   Voting **Aye** means you want the bbBNC option.
-   Voting **Nay** means you want to keep the original 12-month plan.

Choice of Rewards Distribution for Round 1 & 2 (BNC Vesting vs. bbBNC Lockup)

- Subscan is asking for money to keep Bifrost and Bifrost Kusama running smoothly in 2025.
- They help people see and use blockchain data.
- The total cost is $19,535, but they are giving a discount.
- After the discount, they need $18,535.
- This will be paid in BNC coins.
- They promise to try to lower costs in the future.
- The money will help make sure the blockchain stays fast and reliable for everyone.

Subscan 2025 Q3–Q4 Funding Proposal: Operation and Maintenance Fee for Bifrost and Bifrost Kusama

Bifrost Polkadot

referenda7

fellowship7

discussions5