Join The Program

Become a Bifrost partner and start generating revenue

Summary

  • Clearly illustrate your scope of collaboration: is it a product/protocol integration or a community promotion one?

  • Clearly introduce yourself: who you are? what do you do and why you want to join the program? the more info the better.

  • Your target shared reward rate: 10% - 50% on Bifrost 10% standard protocol reward.

  • Clearly define your value offering, who will benefit

  • Clearly highlight how this can support Bifrost growth and its community

  • Once your proposal is complete, follow steps 1 in section “How to join this program”

How to join this program?

There are two cases for partners to join the program:

  • Integrating Bifrost Liquid Staking into your product or web app and inviting users to liquid-stake their assets with Bifrost.

  • Promoting Bifrost Liquid Staking in your communities, through your networks and channels.

1. Discuss in Bifrost Forum

First, clarify the goal of your partnership with Bifrost, referring to the section above "Summary", and submit your proposal in the Discussion section of the Bifrost Forum. Depending on the extent of the partnership, your proposal will be reviewed by either the Bifrost Community or the Bifrost Fellowship:

  1. Protocol or Product Level Integrations - are primarily reviewed by the Bifrost Fellowship.

  2. Community-level Partnerships - are mainly moderated by the Bifrost Community and put to a referendum.

Bifrost Fellowship members are Bifrost core development contributors, product contributors, and other ecosystem contributors and members.

The Discussion Proposal should be discussed in the Bifrost Forum for at least a week before the referendum is posted. More importantly, applicants should monitor the forum and provide answers to community questions and feedbacks during this discussion period.

2. Submit an OpenGov Proposal

Following the minimum 7 days discussion period and questions provided by the Community and Fellowship members, you can initiate an on-chain referendum.

  1. Construct preimage

Click here, if you are applying for channel in Bifrost-Polkadot.

Click here, if you are applying for channel in Bifrost-Kusama.

This is a pre-constructed call for you, you still need to fill-in some information:

  • channel_name: Input your protocol & project & community name here, let everyone know who you are.

  • receive_account: Input your address for receiving shared reward.

Important: once you are done with all the parameters above, save the “encoded call data”, it is needed for the preimage noted in the next step.

Once the referendum is successfully executed, you will start receiving your commission base on your channel’s vToken effective minting contribution.

  1. Note preimage

Select and call with pallet preimage , with function note_preimage. Input your previous copied “encoded call data” in bytes space.

Submit transaction to finalize this preimage noting.

  1. Proposal on-chain

Find your noted preimage hash in the list and copy your preimage hash.

Go to referenda, click “submit proposal”.

Paste your previous copied preimage hash in the “preimage hash” area, set submission track as “10/Liquid Staking”, with “Origins” & “Liquid Staking”, and submit proposal.

Shared Reward Claim

Click here, if you want to claim shared reward in Bifrost-Polkadot.

Click here, if you want to claim shared reward in Bifrost-Kusama.

  • channel_id: Input your id and submit transaction for shared reward claiming. (commission calculation period is every 7,200 blocks, roughly every 24 hours.)

How to Edit Shared reward Rate or Pause Shared Reward Receving

Shared reward rate editing requires a referendum proposal as well, so first a preimage needs to be noted.

  1. Construct preimage

Click here, if you are applying for editing in Bifrost-Polkadot.

Click here, if you are applying for editing in Bifrost-Kusama.

  • channel_id: Input your existing channel id. Check this doc to find your id.

  • vtoken: Input which vToken that you are willing to edit. Check all vTokens with their token indexes at: here.

  • rate: Input your target shared reward rate, input “1” if your target rate is 1%, input “10” if your target rate is 10%. Input “0” means you will stop receiving your shared reward.

Important: once you are done with all the parameters above, save the “encoded call data”, it is needed for preimage noted in the next step.

  1. Note preimage and submit it in referendum (refer to previous tutorial in the section “Submit an OpenGov Proposal”)

How to retire a Channel

Reward-share channel retirement requires a referendum proposal as well, so first a preimage is need to be noted.

  1. Construct preimage

Click here, if you are willing to exit your channel in Bifrost-Polkadot.

Click here, if you are willing to exit your channel in Bifrost-Kusama.

  • channel_id: Input your channel id that you will retire.

Important: once you are done with all parameters above, save the “encoded call data”, it is needed for preimage noted in the next step.

  1. Note preimage and submite in referedum (refers to previous tutorial in the section “Submit a OpenGov Proposal”)

FAQ

  1. How to check my channel’s stats?

Check your channel stats on this dashboard: http://rsp.bifrost.io/

  1. On stats dashboard, why my channel received 1,000 vDOT minting, but my effective minting is noly 800 vDOT?

Since channel’s effective minting changes base on protocol vDOT effective minting. The protocol effective minting = protocol raw vDOT minting - vDOT redeeming. Hence, effective minting changes due to the protocol effective minting changes.

  1. On stats dashboard, how often is the data updated?

Since most data is on-chain data, which updated in 24 hours. Reward claimed data updated in about 20 mins.

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