vETH minting volume exceeded 10,000 ETH in 24 hours, Weekly Report 33

Development

  • Bifrost vETH minting contract audit and deploy
  • Bifrost Mint Drop contract audit and deploy
  • Mint Drop Dapp muti-platform test and launch, compatible with MetaMask protocol
  • Deploy Bifrost Asgard hot update Nightly Testnet
  • Substrate Storage Migration
  • Parachain Module development
  • Synchronize the latest version of Substrate & Culumus
  • Voting Market Module development and test

Ecosystem

What is Bifrost ?

Bifrost is a Polkadot Ecosystem DeFi infrastructure protocol that aims to become an infrastructure for providing Staking liquidity, and currently offers a derivative vToken for Staking and Polkadot Lease Offering (PLO). It is also a member of the Substrate Builders Program and Web3 Bootcamp. vToken can optimise transactions in multiple scenarios such as DeFi, DApp, DEX and CEX.

vToken can optimise transactions in multiple scenarios such as DeFi, DApp, DEX and CEX. vToken can be used to realise the transfer channel of governance right such as Staking and PLO to hedge the risk of Staking assets. In extended scenarios such as when vToken is used as collateral for lending, the staking proceeds can offset part of the interest and realise low-interest lending.

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Bifrost Finance

Bifrost Finance

Bifrost Finance is a parachain designed for staking’s liquidity