Kusama proposal #129 Passes, Bifrost SALP to Decentralize Slot Bidding Contribution | Weekly Report 66
Introduction
Bifrost Runtime has been upgraded to the new v0.8.3 release, which opens the Democracy, Council, Treasury, Bounty and Tech.comm. modules. At this stage BNC holders can participate in governance but cannot run for committee candidates for the time being. In advance of the removal of the Sudo (Super Administrator) module, and with the passage of Kusama #129, Bifrost SALP decentralized slot bidding contributions via XCM ump transact will become a case for interoperability by parachains calling the relay chain Crowdloan Contribute across chains.
Development
Bifrost Dapp & Dashboard
- v0.9.0 Interaction use case synchronization, bug regression
- User selection pop-up optimization
- Salp supports multiple Funds
- v0.9.0 Interaction test case vCrowdloan
- Bifrost.js update after new chain upgrade
- council bug fix
- Polkwallet uploads Bifrost plugin
- Optimize cross-chain transfer amount display and add KSM fee display in settlement window
- Add fee safety threshold — cross-chain test (when full amount is transferred, when procedures are insufficient)
- Blockchain browser extranet parameters optimization
- vsBond name adjustment
- Input box input data retention issue
- Global fix and optimization of retention value issue
- Cross-chain testing (when full transfer is made, when procedures are insufficient)
- coming soon fail auto-close related components optimization
- Fix the overall page height positioning problem
- Repair of scroll bar height on wallet page
- Fix drop-down address bug
- Dragging only supports integer dragging and restricts the input limit to 6 decimal places
- Optimization of clearing window component
Bifrost Node & Runtime
- Bifrost v0.8.3 test
- Bifrost v0.8.3 released & upgraded
- Bifrost depends on upgrading to polkadot-v0.9.9 & testing
- Treasury Burn Target update
- SALP contribute cross-chain process test
- revamp salp with proxy which mapping to derivated parachain account
- review&improve the proposal
- test multisig proxy based salp flow
- add rpc interface to query contribution
- revamp salp flow with automatic unlock mechanism
- wrap add memo into xcm for confirm service
- revamp salp with construct of xcm messageId for confirm service
- Migrate cc4.testnet to 121.4.210.43 for internal salp testing
- Develop salp-confirm-service, complete the centralized data collection logic of Kusama and Bifrost
- Cooperate with Zenlink upgrade to support local operation of LP Token
- xToken module integration
Ecosystem
- On August 26th, BML co-founder Graves invited Bifrost Product Manager Tyrone, Acala open contributor Haibo, and Astar China regional head Song Mingshi to discuss how to map DeFi ecosystem projects on the Polkadot!
- Bifrost filed referendum proposal #129 on the Kusama network, which aims to enable invocation of methods such as Contribute, Staking, etc. by raising the weight limit, which will significantly improve the scalability of the Kusama parachain and increase the depth of application. Details.
https://kusama.polkassembly.io/referendum/129 - On August 27, Polkawallet now supports the BNC inquiry function on the Bifrost chain. Log in to polkawallet.io to check the balance of BNC and derivative assets.
- On August 28th, Bifrost product designer Yancy was invited to join the Polkadot series of offline events in Shenzhen organized by PolkaWorld to have an immersive discussion on how “interoperability” is actually implemented between their projects. With the first batch of parachains coming online, what interoperability scenarios have been brought about?
- Bifrost Runtime 0.8.3 update is complete and goes live with Foundation Module Governance and KSM Handbook. In the next update, cross-chain functionality will be enabled via XCM and xToken.
What is Bifrost?
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked 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 stake rights such as staking and Crowdloan through vToken, realize the risk hedging of stake 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.
