Bifrost participates in the Crowdloan auction test, the CC4 testnet will go live soon, Weekly Report 48

Bifrost Rococo

Bifrost Dapp and Asgard CC4

Mint Drop

Ecosystem

  • On March 26th, Bifrost Product Manager Tyrone was invited to participate in the AMA of the South Korean Telegram community Minted Lab. He gave a detailed introduction to the project itself and the vETH holding incentive activities opened on that day. Details: https://bifrost.finance/drop
  • On March 27, Bifrost announced a partnership with Tidal Finance. The two parties will cooperate in asset insurance and platform security. Tidal Finance will provide insurance for Bifrost vToken to enhance the security of the Bifrost platform. Details: https://mp.weixin.qq.com/s/PFT8w40U4MBeUBZOnUbOGw
  • Bifrost vETH holding incentives have been activated at 2 pm on March 26, holding vETH can share 35,000 BNC. The event has now participated in 11798 vETH, and there are still 10 days to end. Details: https://vtoken.io/drop
  • The second video of Bifrost 101 has been released. This video mainly introduces the meaning of staking derivatives and vToken, dynamic examples of vToken income settlement, details: https://youtu.be/V2-Fcqigp0c
  • vETH is now live on CoinGecko, and the vETH holding airdrop started in the same week. Details: https://www.coingecko.com/en/coins/voucher-eth

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