On March 5th, the Polkadot ecosystem basic protocol Bifrost and the Polkadot ecosystem infrastructure service platform Apron Network reached a strategic partnership. Apron Network will provide Bifrost with infrastructure services such as decentralized node services and on-chain data indexing in the future.
Bifrost’s goal is to release liquidity for staking assets by issuing derivative assets. Since Bifrost is part of the Polkadot ecosystem, the derivative asset vToken generated by Bifrost can be circulated among Polkadot parachains.
Apron Network is committed to building a decentralized infrastructure service platform, which will provide middle-tier infrastructure service support for Ethereum, Kusama, Polkadot, BSC, Filecoin, Helium, Heco, including Layer 2 and other public chains, providing Bifrost with node services and on-chain data indexing services to help Bifrost better carry out cross-chain circulation. Together Apron Network and Bifrost will dedicate to continually bringing solutions to the Polkadot ecosystem.
About Apron Network
Apron is a decentralized platform for DApp developers, DApp users and infrastructure operators with a decentralized network based on blockchain technology infrastructure services. It is developed by Substrate and can be operated as a parachian of Polkadot/Kusama. Apron will also connect to multiple public chains such as Ethereum, BSC, Filecoin, and Helium, including Layer 2. Provide developers with low-cost multiple blockchain ecological infrastructure services.
What is Bifrost ?
Bifrost is a Polkadot Ecosystem DeFi infrastructure protocol that aims to become an infrastructure for providing Staking liquidity, and currently offers a derivative vToken for Staking and Polkadot Lease Offering (PLO). It is also a member of the Substrate Builders Program and Web3 Bootcamp. vToken can optimise transactions in multiple scenarios such as DeFi, DApp, DEX and CEX.
vToken can be used to realise the transfer channel of governance right such as Staking and PLO to hedge the risk of Staking assets. In extended scenarios such as when vToken is used as collateral for lending, the staking proceeds can offset part of the interest and realise low-interest lending.