[BS] DOT #1538 - Bifrost DOT liquidity loan for vDOT liquidity for one year; repay in full with approximately 6% interest.

13zn...P5ju

End

active

Description

https://polkadot.subsquare.io/referenda/1538

Bifrost has proposed a liquidity loan to the Polkadot treasury, requesting a loan of 1,000,000 DOT (about $4,000,000) to be repaid with 6% interest. This loan aims to increase vDOT-DOT liquidity, support vDOT growth, and expand its use in DeFi applications within the Polkadot ecosystem. Bifrost has a good track record of repaying treasury loans with interest, having brought a total income of 8,370.5523 KSM to the Kusama Treasury. The loan will be used to mint vDOT, diversifying the Polkadot treasury's DOT capital and earning staking rewards. Bifrost is a liquid staking app-chain for all blockchains, allowing users to earn staking rewards and DeFi yields across multiple chains. The loan's success will be measured by tracking vDOT minting TVL, DOT-vDOT liquidity growth, unique address growth rate, and new vDOT ecosystem integrations.

Appendants

18d ago

🟢 7 • 🔴 0 • ⚪️ 0
Vote #1: AYE
No CoI reported. DV delegation exercised.
https://polkadot.subscan.io/extrinsic/25788465-2
https://polkadot.subsquare.io/referenda/1538#6

Cast your votesingle

Votes·10

1ZSP...vx6w

1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w

Aye

# 1

The effort to provide transparency and structure this as a loan is admirable, and should be a model for others to follow.

15fT...yBzL

15fTH34bbKGMUjF1bLmTqxPYgpg481imThwhWcQfCyktyBzL

Aye

# 1

Bifrost has a good track record of returning the loans, with interest. They are very important for DeFi in this ecosystem, and should be supported with liquidity. Aye.

12s6...nE8h

12s6UMSSfE2bNxtYrJc6eeuZ7UxQnRpUzaAh1gPQrGNFnE8h

Aye

# 1

Bifrost is one of the key projects in the Polkadot ecosystem that has already proven its reliability by repaying previous loans, so we support this proposal.

14gM...deVb

14gMJV95zwxUsFEZDSC8mtBVifS6SypKJkfBKANkMsLZdeVb

Aye

# 1

Bifrost is reliable and this proposal benefits polkadot by increasing treasury.

14Gn...YLEh

14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh

Aye

# 1

12Kt...DCoJ

12KtA8mtfsK1CyQb4utLiwG3ao22z77w2cM2GqnaL2RiDCoJ

Aye

# 1

Setting a strong precedent for interest-based lending matters, and Bifrost’s track record of repayment shows it’s the right group/project to lead the way.