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

13zn...P5ju

Terminated

terminated

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

2mo 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

Optionssingle

Votes·10

1ZSP...vx6w

1ZSPR3zNg5Po3obkhXTPR95DepNBzBZ3CyomHXGHK9Uvx6w

Aye

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

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

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

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

14Gn...YLEh

14Gn7SEmCgMX7Ukuppnw5TRjA7pao2HFpuJo39frB42tYLEh

Aye

12Kt...DCoJ

12KtA8mtfsK1CyQb4utLiwG3ao22z77w2cM2GqnaL2RiDCoJ

Aye

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.