Tutorial | How to participate in the first vsDOT Farming event

Today, Bifrost is kicking off a 9-day BNC Farming pool reward for Composable Crowdloan. All SALP contributors will stake vsDOT and vsBond-Composable and join the BNC Farming campaign. It will be the first time vsDOT has started a Farming campaign!

  • Start Block: 967,458
  • End Block: 1,029,915
  • Date: 2021/12/17–2021/12/26
  • Rewards: 20,000 BNC

Composable Contribution Tutorial

Step 1: Go to bifrost.app and select vCrowdloan — vsDOT

Step 2: Click “Contribute” to enter the required vote amount for the Composable vote and sign to confirm.

vsDOT Farming Tutorial

Step 1: Click on “Farming — Polkadot”, where you will be able to see your earnings in real-time at “My Reward”

Step 2: Find LP vsDOT-vsBond (LAYR) Click Deposit and enter the number of Derivatives assets and sign the transaction.

Step 3: Enjoy your yield farming!

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 the 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.

Website | Github | Telegram | Medium| Twitter | Discord | Forum

--

--

--

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

The Search for a Better Payments Currency in South Africa: The Story of PO Tsele

InPoker adds Kommunitas to the list of strategic partners

Snowball Weekly Newsletter — 24/03/2022

RAI Finance Beta2.0 Public Test [Round1 Winner List]

Hodlers NFT Project Update #13 10/18/2021

Digital assets vs. Crypto assets

Why Bitcoin and Ethereum are still in need of a revolution

The market is always right

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

Clearpool Testnet is live!

Dot Deep-Dive Part 3: DOT Batch 1 Projects

Moonbeam weekly Giveaway!