Bifrost has accessed to Rococo v1 testnet, Weekly Report 46

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Bifrost — DeFi for PoS. Staking and Liquidity.

3 min readMar 16, 2021

Rococo v1

Cooperate with rococo v1 network restart
Submit a proposal to deploy the bifrost finishing program and rococo verification program, and successfully access the rococo v1 network
Conduct asset cross-chain preparation for joint debugging in Rococo v1 with Zenlink

Asgard CC4

POA validator management
Development documentation update
POA network stability and function test
Governance module and Rumtime upgrade process document update
substrate-api-sidecar integrated with txwrapper
Substrate version upgraded to 3.0.0, optimized upstream network connection stability
subql compatible asset module

Bifrost Dapp

Asset management data and transaction interface
transfer, crosschainIn, crosschainOut, AssetDrawer modal
Market page
lottie animation support
Function test and page walkthrough
Add unopened modules coming soon

Mints

Optimized revenue display panel
Liquidity incentive module
Development of vETH and DLP coin age modules at a specified time
vETH transaction synchronization service adds transaction event Redis cache synchronization
Coin age whitelist development

Ecosystem

The third issue of “Card Slot Auction Strikes, Polkadot Ecological Explosion”, hosted by Gyro Finance, was broadcast live on the VR virtual world Decentraland on March 10. Bifrost product manager Tyrone said “DeFi infrastructures and bridges are basic components while Polkadot starts its ecosystem, details: https://www.tuoluocaijing.cn/polkadot/detail-10045449.html
On March 11th, the second AMA of the Polkadot Parachain series held by PolkaWorld invited Bifrost co-founder Lurpis to share “Bifrost’s bidding plan for slot”. The live broadcast lasted 65 minutes, a total of 1,854 viewers, and 149 video sharing. The reward list for this event has been released. For details, please check: https://mp.weixin.qq.com/s/mcLNJM2ydnrmD9c3gB3DgQ
After the parachain is officially connected to the Polkadot relay chain, the value of the Polkdot’s ecological landscape will gradually manifest. Bifrost has reached a strategic cooperation with the Polkadot privacy infrastructure Phala Network on March 11. In the future, the two parties will cooperate on pledge derivatives and privacy protection consensus, which will bring creative way to pledge liquidity and parachain auctions. Details: https://mp.weixin.qq.com/s/JhYrGqoTthVY-klzg_AlEw
According to the status of the Rococo v1 parachain, Bifrost has successfully connected to Rococo v1 and is undergoing parachain testing. According to Gavin Wood’s previous reply in the Element channel “Rococo will gradually increase to 200 validators to confirm that the network layer is working well. If it goes well, the code will be integrated and deployed on Kusama after this, which is expected to be completed within a few weeks”. Details: https://www.chainnews.com/news/042224356264.htm

What is Bifrost?

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot (PLO). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of Substrate Builders Program and Web3 Bootcamp.

vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and PLO through vToken, realize the risk hedging of pledge assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.

Website https://bifrost.finance/
Github https://github.com/bifrost-finance
Telegram https://t.me/bifrost_finance
Medium https://medium.com/@bifrost_finance
Twitter https://twitter.com/bifrost_finance
Discord https://discord.gg/8DRBw2h5X4