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.