Bifrost x Slash Vision Labs Airdrop

Introduction

After a partnership with Slash Vision Labs, we are thrilled to have collaborative airdrop campaigns.

Bifrost Network and Slash Vision Labs will airdrop $30,000 worth of BFC and Alice NFTs to our users. Through this airdrop, Bifrost Network users and Slash Vision Labs users can benefit and learn more about Bifrost Network’s BTCFi and Slash Vision Labs ecosystem.

Here are the detail information of the airdrop:

How to Participate

Step 1: Stake $SVL on Slash Vision Portal (Embed URL)

Stake $SVL on the SVL Portal to gain over 10,000 Voting Power.

Voting Power can be calculated in the following way.

Your Current Voting Power (non-boosted) = Staked SVL * Voting Power Potential (In reward calculations, the voting power is multiplied by the boost rate)

Example:
10000 Voting Power = 10000 SVL * 100% (2 Years Staked)

Table：Percentage of Voting Power acquired when SVL is locked

Step 2: Use Bifrost Network’s BTCFi (Embed URL) After staking $SVL tokens, engage with Bifrost Network’s BTCFi by following these steps:

1. Stake BTC and mint BtcUSD on Bifrost Network’s BTCFi
2. Deposit at least 100 BtcUSD into BiFi

By completing these steps, you’ll be eligible to receive $50 worth of BFC tokens. This offer is limited to the first 200 participants who complete both steps.

Notes

• Apart from airdrop, you can earn an extra 14.53% APY by staking BtcUSD on BiFi. When you supply BtcUSD on BiFi, you don’t need to repurchase BtcUSD to withdraw.
• Apart from airdrop, you can earn an extra 10.69% APY by staking BtcUSD/USDC pool on Everdex.
• There is a fixed borrow rate of 3.5% for BtcUSD.
• Instructions on how to utilize BTCFi are available in our Gitbook and YouTube videos.
• Participants who fulfill both steps will receive an exclusive Alice NFT from Slash Vision Labs valued at $170.

Timeframe

• Staking period: August 1, 2024 — August 10, 2024
• Holding period: Until September 10, 2024
• Airdrop distribution: After September 10, 2024, to users who maintained their stake throughout the holding period

Don’t miss this opportunity to experience Bifrost Network’s BTCFi and Slash Vision Labs ecosystems while earning rewards!

Note: This event is limited to the first 200 eligible participants. We will closely monitor participation, especially during the first three days of the event. The campaign may close early if the participant limit is reached.