Proposed by:
Requested amount:
0 DOT

#1439 · Polkadot DeFi Singularity

Proponent: Bifrost and Hyperbridge (13w5qyCGFJaf3mdcWfCK2RV6UhGafwD23j71DBa8Yk3K1k4r) Requested: 795,000 DOT

SUMMARY: Following the positive feedback to the prior discussion post, we are following up with a treasury proposal for a Polkadot Liquidity Campaign. This proposal seeks to address the liquidity challenges within the Polkadot ecosystem by incentivizing DOT liquidity in external ecosystems. The lack of on-chain accessibility has hindered external users and liquidity from efficiently entering Polkadot, limiting its growth compared to other blockchain ecosystems.

To overcome this, the proposal suggests allocating 795,000 DOT from the Polkadot Treasury to launch a liquidity campaign. This campaign will incentivize liquidity provision for DOT/ETH and vDOT/ETH pairs on Arbitrum, Base, BNB Chain, and Ethereum mainnet. The DOT will be distributed as vDOT incentives to users who provide liquidity on selected decentralized exchanges within these ecosystems.

The primary goals are to broaden DOT's presence across key ecosystems through liquidity incentivization on key pairs. By achieving these objectives, the proposal aims to highlight Polkadot's interoperability to the broader web3 space, position DOT as a reserve asset, drive ecosystem adoption, and create pathways for developers and end-users into the Polkadot Defi ecosystem.

The proposal was initially a joint effort by Bifrost, Hyperbridge, and Snowbridge. However, due to the Big Spender limit, the total amount requested would have necessitated a Root track. To avoid this cumbersome process, the decision was made to split up the campaign proposal.

Here is the link to the full proposal: ​​https://docs.google.com/document/d/17MvO1gjD_K-t35TInuRir2PfW25dacG9dp4JcqOZbsE/edit?usp=sharing

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StatusDeciding · 21d
99%Aye
Aye (77)
8.22M DOT
Nay (2)
2.31K DOT
Decision6 / 28d
0.0%8.64%
6.91%Support Threshold
0Support Threshold
Support(0.21%)
3.25M DOT
Issuance
1.53B DOT
Vote

@1PGiULXMfgmC9DwV7rMUseNa3SxDwae26ZWZmMtXkVSCznp It's not always about active wallets on Bifrost chain only.
You would also need to count active users on Moonbeam, Interlay and hydration for vDOT for instance.

Bifrost is omnichain and the vTokens too.
1/ Users don't need to be active on our dapp.
2/ Users can mint directly on other EVM chains through omni.ls, or through wallets
3/ Most DeFi use cases stand on other chains.

As a result, a lot of activity is generated through XCM messages between all the chains we are connected with.

Feb 18

Hi @ImdioR, I would like to clarify that there have been no "under the table" deals. Our discussion was posted last year with rave reviews. I personally have discussed this with the community through my numerous tweets on the subject with nothing but positive feedback. Even more so, a member of the hyperbridge and Polkadot community took it upon themselves to seed a DOT/ETH pool on base, the same day hyperbridge launched.

In concert with the ongoing KAITO leaderboard campaign, this could see a lot of new users enter the polkadot ecosystem through hyperbridge. The proposal is split up into 4 tranches allowing the community to terminate the programme at any time they feel like it isn't working. This proposal is nothing but positive for the polkadot ecosystem and I fail to see how the daily active users prevents bifrost from unlocking this major opportunity.

Feb 18

@Lurpis Thank you for your detailed answer. Appreciate this. Thanks.

However, the posted information just highlighted even more than the requested 4,000,000$ (NOW - could be even more with DOT price pump) for the platform with 1,9K MONTHLY Active wallets image.png

https://tokenterminal.com/explorer/projects/bifrostio?v=NzQwNjZlOTYyY2VhYTAxMjY0NDliYjk3

Sounds like a big nay on my side. However, I`m pretty sure that the deal was already agreed on under the "table". So, no worries. My Nay will not impact the result of this proposal.

Hi guys. Thanks for the proposal. Can you please share statistics of Hyperbridge since launch?

Hi @13Vc...SNrF can you perhaps share some specific statistics you're interested in seeing and their relevance to this proposal?

Feb 17

Hi guys. Thanks for the proposal. Can you please share statistics of Hyperbridge since launch?

Can Bifrost please share:

  • Daily active users
  • Monthly active users
  • Daily Site visitors
  • Monthly site visitors

@ImdioR

image.png

Thanks for your comment. Here is some data that you may be interested in. Liquid Staking is similar to a yield vault project. Users may not visit the website frequently after minting LST. Extending the timeline to one year may make the results more objective. The following is the data for eight months from 2024/6 to 2025/2.

  • Active Users: 35K
  • New Users: 24K
  • Average interaction time: 7m 47s

image.png

  • MAU: 6.8K
  • WAU: 1.9K
  • DAU: 408

Bifrost users are distributed around the world

image.png

vDOT holders are 4819, and it is still rising. Users can already mint vDOT directly across the Moonbeam and Astar chains through SLPx. With the arrival of Hyperbridge, users will soon be able to mint vDOT directly on Base, OP, Arbitrum, Ethereum and other chains.

image.png

At the same time, vDOT currently has 12.9M liquidity in DEXs such as Bifrost, Hydration, Stellaswap, and Beamswap. With the passage of this proposal, this liquidity will be expanded to DEXs such as Uniswap, AerodromeFi, CamelotDEX, CurveFinance, and PancakeSwap.

image.png

Hope this data can answer your questions. If there are other unclear points, please feel free to continue commenting. thank you.

Can Bifrost please share:

  • Daily active users
  • Monthly active users
  • Daily Site visitors
  • Monthly site visitors

@12E1...ZAkd

I don't think that Tokenterminal report:

  • Daily Site visitors
  • Monthly site visitors

However the token terminal provides some data:

  • Active daily users 90-98\ day
  • Active Weekly addresses 376

activeus.jpg

With the actual DOT price, the requested amount is $4,030,650.

What are the benefits for DOT token holders to provide 4,000,000$, and what are the goals ? The requested amount is quite big.

Can Bifrost please share:

  • Daily active users
  • Monthly active users
  • Daily Site visitors
  • Monthly site visitors

@ImdioR

Perhaps you can find the necessary information here? https://tokenterminal.com/explorer/projects/bifrostio

Feb 14

Can Bifrost please share:

  • Daily active users
  • Monthly active users
  • Daily Site visitors
  • Monthly site visitors

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