SakeSwap teams up with Bifrost, a Polkadot ecosystem DeFi protocol, to bring vETH into BSC ecosystem

SakeSwap is pleased to have Bifrost, a Polkadot ecosystem DeFi protocol, as our partner.

SakeSwap provides bridge support for Bifrost to connect Ethereum with BSC ecosystem. Users from Bifrost community can transfer their vETH which is the Staking derivative of ETH 2.0 to BSC through the SakeSwap bridge solution, and get involved in the BSC DeFi ecosystem.

SakeSwap is successfully deployed on BSC testnet. And it is planned to migrate to BSC within one week. SakeSwap will be the only AMM DEX with Slippage Capture feature on BSC.

Official Website

SakeSwap Info:

Twitter:

Medium

Discord

Telegram

WeChat: SakeSwap

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.

--

--

--

Bifrost is DeFi project for PoS tokens, that include staking and liquidity both. You can get vToken for operations + staking reward from the Day 1 of nomination.

Recommended from Medium

JGit-Flow and parallel hotfixes

MVC in Flutter Part 2

Data modelling in a SaaS app

Beginners — Kubernetes High Level Architecture

How to install spine for cacti on Ubuntu 20.04

Bad Go: not sizing slices

Basic Live Agent Implementation

How to run any GUI software on the container?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bifrost Finance

Bifrost Finance

Bifrost Finance is a parachain designed for staking’s liquidity

More from Medium

Bifrost to integrate Darwinia Substrate-to-Substrate bridge for DeFi applications

Polkadot — Astar dApp Overview

Polkadot (DOT): Two Projects Ensure The Network’s Longevity.

Crab and Moonriver are Now Connected: Token is Available as xcCRAB on Moonriver