SubWallet x Bifrost Finance: Effortless Crowdloan Management, $BNC Handling, and Zenlink Swap
SubWallet is happy to announce our partnership with Bifrost Finance — a parachain designed for staking liquidity, allowing users to stake any cryptocurrency and receive vTokens of equal value in exchange.
About Bifrost Finance
Bifrost is a project built on Kusama that allows users to participate in decentralized finance (DeFi) applications while earning staking rewards on their cryptocurrency.
Cryptocurrency staking allows users to lock their tokens into smart contracts to earn staking rewards. However, one of the major limitations with traditional staking is that those who lock their cryptocurrency cannot access their funds to participate in various DeFi activities.
The Bifrost team aims to remove this particular blocker by introducing liquid staking, a concept that allows users to stake any cryptocurrency using the Bifrost platform, such as DOT or ETH, and receive a vToken of equal value (vDOT or vETH) in exchange.
There is a remarkable thing in Bifrost’s development with the bi-directional cross-chain channel between Statemine and Bifrost.
About SubWallet
SubWallet is a user-friendly Web3 Multiverse Gateway for Polkadot and Kusama ecosystem. SubWallet provides the simplest and most secure way to connect to blockchain-based applications like DeFi and GameFi.
Why SubWallet x Bifrost Finance
SubWallet wants to improve our users’ benefits through this corporation with Bifrost Finance. Bifrost SALP seamlessly integrated into SubWallet means that our users can:
- Contribute to crowdloans and manage crowdloans (claim rewards or redeem)
- Swap via Zenlink
- Cross-in, cross-out assets
- Manage NFTs rewards: Incoming Sora NFTs rewards and later with other NFTs rewards
- Bio-direction cross-chain KSM from Kusama to Bifrost
- Transfer $BNC using SubWallet
Ongoing features
- Check vsToken balance (ORML Token) in SubWallet
- Mint vsToken in Crowdloan (learn vsToken and SALP protocol)
- Mint vToken (staking derivative, Bifrost is developing vKSM for KSM staking now)
Co-marketing activities
We will also collaborate on marketing activities to help improve both our communities:
- Announce partnership
- Promote each other on media channels: Telegram, Discord, Twitter, Medium
- Create instruction articles on how to use SubWallet and Bifrost and translate them to multiple languages (Eg: English, Vietnamese, Chinese, Korean, Espanol,…)
- Co-host AMA sessions to educate users about SubWallet & Bifrost among our communities
- Connect to potential partners in both sides’ ecosystems
Stay tuned and wait for the next great things with our partnership!
Install SubWallet:
- Google Chrome, Brave, MS Edge: https://bit.ly/3BGqFt1
- Firefox: https://mzl.la/3rQ0awW
Join our Community!
To find out more about SubWallet, join us on our Discord server and talk to our helpful SubWallet team members and other users. For those who want some more background information on SubWallet and what it’s all about, our website and SubStack page are the perfect places to start.
Website | Twitter | Discord | Telegram | Youtube | Linkedin | Github
Originally published at https://subwallet.substack.com on March 9, 2022.
