Dear members of the Bifrost community,
After discussion by the Bifrost Council, it was decided to propose a proposal to increate Bifrost parachain fee. Because the current Bifrost Parachain fee is too low (approximately $0.0009), it is about 16 times less than the Kusama (approximately $0.016) on-chain fee. The low parachain fee may increase Bifrost’s on-chain risk, Bifrost council hopes to initiate a proposal to increase the Bifrost parachain fee by 15 times ($0.015), which is basically the same as Kusama.
Since the launch of the Bifrost Parachain on September 16, 2021, approximately 170,000 signature transactions have occurred on chain, and a total of 75.4 BNC parachain fees have flowed into the Bifrost Treasury. Treasury funds will be used for ecological rewards such as Tips, Bounty, Grants, etc. Increasing the parachain fee will help increase the revenue of Treasury and promote the long-term healthy development of Bifrost ecosystem.
Welcome all Bifrost community members participate in this discussion, do you think 15 times increasing is reasonable? Leave your suggestions, Bifrost Council will adopt as appropriate.