Bifrost Meme Contest has started, Weekly Report 32
- Channel incentive module implementation and testing
- Liebi pool transformation (UI + wallet + API )
- Complete the yield farming module and its unit testing
- Parachain and relay chain testing
- This week, based on the work plan of the newly selected ambassadors, we give direction and guidance and produce the relevant certificates for this batch of ambassadors, which can be verified on the Polkadot chain at https://polkadot.js.org/apps/#/signing/verify (The ambassador certificates are numbered BA100007 to BA100012.)
- The classification and formatting of the AMA in the News module has been completed in the Wiki and the AMA archive has been updated to October. https://wiki.bifrost.finance/zh/news/
- The Bifrost video contest officially ends on 16 November at 12 noon. There were 11 winners and we will award the BNC prizes after checking the identity of the winners. Find the results of the competition at： https://t.me/bifrost_announcements/43
- The Bifrost Meme contest was released on the same day as the event and received positive submissions from both overseas and domestic partners. Check detail at: https://bifrost-finance.medium.com/get-creative-and-win-500-bnc-cbea11b009a8
- In conjunction with the Bifrost Ambassador’s preparations for the Russian Community Bifrost AMA on 26 November, the hosts and guests of this overseas event are broadcasting live in Russian and will provide a fascinating introduction and answers to Bifrost for our Russian partners.
What is Bifrost ?
Bifrost is the DeFi project for PoS tokens, that include staking and liquidity both. It allows to get vToken for operations and delivering liqidity, plus you got staking rewards all the time your DOT, KSM,EOS or other token blocked by the smart-contract. You get reward from the Day 1 of nomination, without locking periods and can change your, for example, vKSM for KSM any time. BNC is the native token of Bifrost.
vToken can optimize transactions in multiple scenarios such as DeFi, Dapp, DEX, etc. When vToken is used as a collateral for lending, its staking income can offset part of the interest and realize low-interest borrowing.
With vToken you can hedge the risk of locked positions, DeFi & Staking double rewards and leverage Staking and other application scenarios.