Happy Dragon Boat Festival ! | Weekly Report 16
Latest News
Bifrost Wiki has been launched. Currently, community partners can participate in Wiki translation contributions through Crowdin. The current goal is to translate Chinese into English. With the development of the community, it is expected that Japanese, German and other languages will be open for translation in the future. The content includes Bifrost NEWs, activities, help and tutorial articles. The partners who have adopted the translation will receive the corresponding BNC Reward, let you “value for translation”！More info: https://shimo.im/forms/VXKkwgTTxckPVDVj/fill
At present, the official website 2.0 is ready, reorganizing vToken Key Features, adjusting the Menu structure, automatically adapting the system light and dark theme, supporting desktop/tablet/mobile terminal access, making it easier for you to understand Bifrost~
Development Week’s Work
Liquidity pooling algorithm integration testing
IOST Bridge Foundation Module Development
Automated Wiki Deployment & Crowdin Translation Rule Configuration
Accuracy of balancer protocol processing using substrate-fixed
Complete balancer protocol module development
Operation Week’s Work
Writing Wiki translation campaigns
Maintain the WeChat & Telegram community
Update Wiki NEWs for details
https://docs.bifrost.finance/wiki/zh/news/ ama-01.html
What is Bifrost？
Bifrost is a Parachain designed to liberate Staking liquidity. Users can convert PoS Token to Bifrost vToken through Bifrost bridge at any time to obtain Staking income and liquidity.
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.
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.
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
