Tutorial on How to Participate in vETH/ETH Bootstrap on Zenlink

Anyswap has launched Bifrost vETH on December 1, supporting Ethereum and Moonriver bidirectional cross-chain. vETH, the first ETH2.0 derivative to enter the Polkadot ecosystem, will start a 48-hour Bootstrap on Zenlink at 8 am UTC on December 10.

During the Bootstrap, a total of 10,000 ZLK will be incentivized for Bootstrap participants, which is expected to be more than 300% annualized at $1M liquidity. vETH and ETH will be opened for trading immediately after the successful Bootstrap, and vETH/ETH liquidity mining will be started simultaneously, with 30,000 ZLK for liquidity incentive.

Time

  • Bootstrap start block:
  • Bootstrap end block:
  • Converted by time:
    2021/12/10 8 AM UTC
    2021/12/12 8 AM UTC
  • Duration: 48 hours

Rewards

How to cross-chain vETH to Moonriver

Step 1: Go to Anyswap bridge: https://anyswap.exchange/#/bridge

Step 2: Select vETH

Step 3: Confirm cross-chain destination: Moonriver

Step 4: Execute “Swap”, the estimated time of Cross-chain arrival is 10–30 min.

vETH/ETH Bootstrap participation tutorial

Step 1: Go to Zenlink Dex and click on Bootstrap to enter the interface

Step 2: Find the vETH/ETH liquidity pool and click on Bootstrap in the upper right corner

Step 3: Select both or single token and enter the corresponding amount or quantity

Step 4: Click supply, sign in to the wallet and submit the transaction

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.

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