Bifrost SALP Supports Integritee Polkadot Crowdloan
In July 2022, Bifrost announced its support for the Integritee Crowdloan on Polkadot, A powerful hybrid of public blockchain and confidential computing. Integritee enables sensitive business or personal data to be securely handled in an interoperable blockchain ecosystem. This enables developers and firms to build decentralized, data-driven products and services, without compromising on privacy.
In this integration, Bifrost will cooperate with Integritee to help their Crowdloan participants access liquid derivatives of staked DOT, creating innovative solutions for users participating in the Polkadot Crowdloan and competitive opportunities under the multi-chain development pattern.
Integritee is the most scalable public blockchain solution for securely processing sensitive business or personal data. Harness the speed and confidentiality of trusted execution environments, combined with the trust of a decentralized network, with Integritee.
Bifrost’s advantage is to mint fully decentralized liquid derivatives based on the Kusama Parachain. Support for the Integritee Crowdloan will help Bifrost unlock a new opportunity with the Integritee community to introduce the Slot Auction Liquidity Protocol (SALP) and encourage more users to participate in the Integritee Crowdloan.
Bifrost uses a combination of Polkadot multi-signature + Kusama Parachain for the SALP. This innovative Crowdloan liquidity solution will allow users to increase capital utilization during the 96-week Crowdloan lock-up period and make choices about their risk appetite. Integritee will assist Bifrost, provide technical support in the Crowdloan docking process, and promote long-term cooperation between Bifrost and Integritee.
The integration is in the first phase, and a final version will be released once Bifrost onboards as a Polkadot Parachain. The multisig will be represented by an onchain logic under the Bifrost SALP pallet, the same as the Bifrost SALP mechanism on Kusama. Learn more about how SALP will evolve to full decentralization.
Bifrost SALP now supports Integritee Crowdloan and welcomes developers and users to contribute Integritee Crowdloan and use the derivatives assets.
Contribute to the Integritee Crowdloan: https://bifrost.app/vcrowdloan
Integritee Crowdloan Rules
Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Side-chains, and the confidentiality of Trusted Execution Environments (TEE), a special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably. For more information, click here: Integritee — Unchain the value of sensitive data