Bifrost’s official bidding time will be announced on June 10th | Weekly Report 56

Bifrost Finance
Jun 9 · 4 min read

Preface

Bifrost Kusama slot auction reservation will end at 19:00 UTC+8 on June 9th, 4 hours left to the end of reservation. The official slot auction time will be announced at the Bifrost Kusama slot auction conference on June 10, 2021 at 19:00 UTC+8. QinWen, the head of Web3 Foundation China, Cao Yin, managing director of the Digital Renaissance Foundation, and Bifrost ecological partners will be invited to talk about Bifrost’s detailed bidding rules, and announced core details such as the opening time of the bidding and the bidding reward mechanism.

1. The start time of the conference: 2021/6/10, 19:00 UTC+8
2. Channels to watch the live broadcast of the conference: Planet Daily / PolkaWorld video account / Chainnote / HuoXing

In addition, three lucky draws will be interspersed in the conference, with a total of 500 BNC, 3,000 CNYand limited edition Bifrost T-shirts. Learn more:https://medium.com/bifrost-finance/bifrost-will-be-online-launching-the-own-kusama-parachain-auction-details-on-june-10th-6543084f2a8a

Development

  • Swap liquidity module page development
  • The new chain upgrade causes Dapp bugs
  • New chain upgrade and docking Swap API
  • SwapApi & Bifrost.js api follow up
  • In the official stage, increase the handling fee to prompt the pop-up window to check, plan optimization, and bug return
  • The stroke thickness of the outer frame is too thin
  • The confirmation button is too small
  • Check the handling fee in the pop-up window
  • The external restrictions are based on the minimum voting value we require and the approximate handling fee
  • Mobile support
  • Increase the minimum limit
  • Activity introduction long picture optimization
  • English version of the long picture of the event introduction
  • Add crowdloan.addMemo and crowdloan.contribute modules
  • Confirm that the font in the pop-up window is too large
  • Insufficient balance reminder copy only keeps Insufficient balance
  • Complete the Bifrost Launch update
  • Bifrost Asgard CC4 deployment upgrade release-v0.9.3
  • Test release-v0.9.3 pallet functions
  • Update Bifrost-subql
  • Kusama local node synchronization release-v0.9.3, reducing era time
  • Fix the problem of CI single test report error
  • Re-enable and repair the RPC function (zenlink-protocol & bifrost-charge-transaction-fee)
  • xcm-support related code merge

Ecosystem

  • The third episode of Bifrost 101 was released on the Bifrost official account on May 31st. In this episode, we mainly introduce the meaning and usage of two different attribute derivative tokens vsToken and vsBond in the innovative derivative solution SALP. Details: https://www.youtube.com/watch?v=btxCR9zsBb0
  • On May 31st, Lurpis, the co-founder of Bifrost, was invited to participate in the Beep Round Table Party-Parachain Slot Auction is coming soon. How long can Polkadot burn this fire? Share the latest bidding strategies and advantages of the project with other ecological projects of Polkadot Acala, ChainX and Zenlink. Details: https://www.bitalk.com/live/detail/492588974536265728
  • On June 1, the live broadcast of LBANK and Bifrost, Bifrost Slot Aution takes new utility to KSM, was held on Youtube. In the live broadcast, Tyrone revealed why Bifrost did not release a test network to participate in slot auctions and how vsKSM released liquidity. Details: https:/ /www.youtube.com/watch?v=Ly_rzjsU-oY
  • On June 2, the Bifrost Vietnam ambassador invited Tyrone to open an online AMA in the Vietnamese community, bidding for SALP from the Kusama slot, and introduced Bifrost vsKSM Mint Drop to Vietnamese users. Details: https://cryptoviet.com/ama- bifrost-va-cryptoviet
  • From June 2nd to June 4th, Bifrost participated in the Tides Wave 2021 blockchain industry impact summit hosted by Blocklike. In the forum sharing in the afternoon of the second day, Lurpis put forward suggestions for improving liquidity. Details: https://mp.weixin.qq.com/s/vpLlU120f8j2KTVIMFdMsQ
  • Bifrost United Planet Daily will hold an online press conference at 19:00 on June 10th. This press conference will invite QinWen, Head of Web3 Foundation China, Cao Yin, Managing Director of Digital Renaissance Foundation, and Bifrost Ecological Partners, for everyone Describe Bifrost’s detailed bidding rules, announce the opening time of bidding, bidding reward mechanism and other core details, looking forward to the future development of Bifrost and empowering the Polkadot parachain ecosystem.

What is Bifrost?

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. Bifrost launched derivatives vToken for Staking and Polkadot Parachain Slot (Crowdloan). 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 Crowdloan 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.

Learn more about Bifrost

Website | Github | Telegram | Medium | Twitter | Discord

Bifrost —  DeFi for PoS. Staking and Liquidity.

Bifrost - DeFi for PoS. Staking and liquidity. Get your vToken + staking reward.