It has been a week since the topic "Should contributed $DOT that exceed Bifrost Polkadot Crowdloan's 300,000 soft cap be rewarded?" was launched on the Bifrost forum, and most of the voices from the community have expressed their thoughts to compensate. Based on the community's responses, we have concluded some compensation schemes. You can also learn about the entire discussion process in the forum thread and find ideas from community members in the community.
- Forum topic discussion: https://forum.bifrost.finance/t/1727/5
- Telegram: https://t.me/bifrost_finance
Here are the proposals from community members, please read through all the options and select the one you think is appropriate.
Option A
Proposer: Jorge & Bruno Ferreira de Sousa
Platform: Bifrost Forum
DOT votes with more than 300,000 soft caps are compensated for 50% of the BNC reward according to the standard of 1 DOT: 10 BNC. Linear release in 2 years. That is, each DOT contribute needs to give 5 DOT
Option B
Proposer: Einherjar
Platform: Bifrost Forum
With thresholds (for instance):
Before soft cap: 100% rewards → Crowdloan rules
300k to 310k: 100% → Taking account the very first moment of the news the soft cap was reached
310k to 325k: 80% → The news was spread on all Bifrost channels (Twitter, Telegram and Discord)
325k to 350k: 60% → People continued to contribute even after SALP was closed.
350k to 375k: 40% → Too late bro
375k to 400k: 20% → You should really follow the project news at some point
Over 400k: 5% → Are you kidding me ?
Option C
Proposer: Einherjar
Platform: Bifrost Forum
Same idea with thresholds but in time, not in DOT amount.
T0 = moment the soft cap was reached.
Until T0 → 100% rewards (crowdloan rules)
T0 + 3 days → 100%
T0 + 3d → T0 + 7d → 80%
T0 + 7d → T0 + 14d → 60%
T0 + 14d → T0 + 21d → 40%
T0 + 21d → T0 + 28d → 20%
After T0 + 28d → 5%
Option D
Proposer: Yancy
Platform: Bifrost Forum
- The DOT contribution that exceeds the soft top portion will be rewarded according to 1 DOT : 10 BNC (users exceeding the soft top portion will not enjoy the early bird reward)
- The linear release time of DOT rewards that exceed the soft top portion has been extended from 96 weeks to 192 weeks (in the long run, for users who are willing to be optimistic about Bifrost, the rewards they receive have not decreased, but compared to the contribution within the soft top, When all the contribution rewards in the soft top are released, the users who exceed the soft top will release half of the rewards)
Compared with reducing rewards, this scheme allows users who exceed the soft cap to receive non-destructive rewards. At the same time, it can also guarantee the rights and interests of users in the soft top within the 96-cycle release period.
The voting period is from June 9 to June 16, please vote within the valid time. Remember that any decision you make may affect the reward scheme for contribution after the 300,000 DOTs soft cap.
