1/2 Our Staking liquidity protocol
#SLP
is now live! It will provide a solution for staking liquidity under the PoS chain!
$vKSM, the first liquid token after the launch of SLP, is now open for minting on
Cosmos' top project Terra is dead, Solana is down frequently, and ETH 2.0 is nowhere in sight.
Only
@Polkadot
and parachains have been building solid, stable, and fast, people will always find
@Polkadot
the elephant standing in the room.
The new
@bifrost_finance
BNC/kUSD liquidity pool will soon launch in Bootstrap mode on
#Karura
Swap!
During this 48-hour period you can provide one-sided liquidity & get your LP shares in anticipation of the 200k BNC liquidity mining program👇
Key Information:
1. You can get an extra 20% bonus before 4/30 10:00am (UTC+0);
2. No one contributes for 3 minutes, at least 5,000 $BNC prize pool goes to the last person;
3. $vsDOT is about to reach the target of 1.8M volume and will launch the
@ZenlinkPro
liquidity pool.
My argument for why the future will be *multi-chain*, but it will not be *cross-chain*: there are fundamental limits to the security of bridges that hop across multiple "zones of sovereignty". From :
Since 2022, cross-chain bridges drain nearly $1 billion due to hacker attacks. In contrast
@Polkadot
, as many as 20 parachains can already cross-chain interoperability through
#XCMP
safely, simply and efficiently.
As more and more parachains open
#HRMP
with Bifrost,
#Staking
derivatives will be connected and combined through XCMP to achieve a positive ecological cycle for
#StakeingFinance
.
@Polkadot
OpenGov did something unimaginable in the real world: gave a small company nearly $4M in unsecured loans and got approval within a month.
The successful 500k $DOT loan has replenished liquidity, bringing the current liquidity of $vDOT on
@Bifrost
Stable Swap to $6.9M.
We received the 500k
#DOT
from the
@Polkadot
Treasury ✅
Ending the gov journey started on Dec 13th.
Be sure we'll take care of these precious loaned DOT, and thanks again everyone for the support & love you showed to us 🥰
The first Liquid Staking Token (LST) that supports Governance Capacity Inheritance (GCI) by
@BifrostFinance
.
$vDOT & $vKSM now can vote for
@Polkadot
and
@kusamanetwork
OpenGov with 0.1x ~ 6x conviction.
⏳ Rainbow Boost 1st Round will be activated in 2 hours, step your unlocked $KSM cross into Bifrost in advance, and there will be more 💧 Raindrop waiting for you.
Try the seamless cross-chain between Substrate assets and EVM assets in one block. To be honest, there is no other infrastructure that can match the cross-chain efficiency of parachains at present.
@bifrost_finance
@MoonriverNW
$BNC
A video shows how you cross $BNC from the
@bifrost_finance
into
@MoonriverNW
and from Moonriver back to Bifrost.
Interoperability between Parachain is one of the implications of
#XCMP
, which allows the
@Polkadot
ecosystem to become an interconnected multi-chain ecosystem!
Our website has been updated!
🎀 You can check your Pink Points total from the following tranches:
1.
#Pinkdrop
v1.0 ✅
3. Gaming initiatives ✅
4. Pink Pre-launch Party (including
#Galxe
) ✅
5.
#Pinkdrop
v2.0 ✅
👀 Only the Parachain Party (tranche 2) will be delivered
$vDOT already has the highest liquidity scale among
@StellaSwap
,
@Beamswapio
, and
@BifrostFinance
Stable Swap.
Currently, $4.37M is used for instant swaps for $vDOT, which accounts for 26.4% of the $16.52M minted volume of $vDOT.
Greater liquidity and mint volume lead to more
♾ LoopStake has matched over $650k in borrowing and loans, with $DOT supplied APY 21.7%, staking rewards leverage APY up to 33.5%, and no liquidation
This is an intriguing development. Let’s wait and see the considerable value it brings to
@Bifrost
.
The liquidity of $vDOT in
@hydra_dx
's Omnipool has reached $4.1M, with dual token APR for $BNC & $HDX increased from 3%-5% to 5%-10%.
@BifrostFinance
@Polkadot
🫡 Innovative and practical functionality by
@hydra_dx
means you can receive $USDT or other tokens of your favorite daily as your $vDOT staking rewards.
It will be exciting if this functionality is copied into other vTokens.
It’s time to celebrate the DOT unlock from the first (and last) HydraDX crowdloan
For this occasion, we are offering you together with Bifrost two ways to put your DOT at work using vDOT and HydraDX: Yield DCA and Liquidity Mining
Yield DCA enables users to diversify their
How $KSM unlocked from parachains gets 120%+ APR in 3 mins:
1. Cross-chain $KSM from
@kusamanetwork
to
@bifrost_finance
(1 min)
2. Mint $KSM to $vKSM (20% APR, 1 min)
3. Deposit $vKSM into the farming pool (100% APR, 1min)
How to earn 187% APR - $vKSM arbitrage trick:
1. Buy 1 $vKSM at 0.9831 $KSM
2. Redeem 1 $vKSM at 1.0182 $KSM
3. Wait 0~7 days
4. You will earn 0.0351 $KSM risk-free arbitrage income within 7 days, annualized up to 183%
Cross-chain interoperability is made possible through Astar zkEVM, Astar Parachain, and Bifrost Parachain with the support of
@BifrostFinance
SLPx,
@Polkadot
XCM and
@LayerZero_Labs
.
You can mint & utilize $vASTR directly through the
@AstarNetwork
zkEVM ecosystem with only once
📚 In this first chapter of the Astar zkEVM ecosystem journey, we dive into DeFi and explore the various applications launching on the mainnet.
DeFi is a vital element to a thriving ecosystem that relies on the synergy of innovative protocols.
The $GLMR reward claim time for Moonbeam contributions via Bifrost SALP is the same as Moonbeam Foundation, you will not be one second later than participating directly via Crowdloan.
@MoonbeamNetwork
@bifrost_finance
🍾 Congratulations!
Bifrost embarks on a new journey to maximize the potential of
@Polkadot
XCM's cross-chain compositionally, which is the future.
@bifrost_finance
Historic moment! Bifrost has successfully bid on
@Polkadot
18th Parachain Slot 🎉
We will cross-chain interoperability with more projects on the polkadot ecosystem through
#XCMP
to prosper the multi-chain ecosystem on
#Polkadot
@alexeiZamyatin
For users:
1/ Pain: The wallet plugin that supports Polkadot needs to be installed separately.
Solution: Allow more commonly used wallets such as Metamask to support Polkadot signatures or allow users to complete Parachain function calls in the EVM environment (Such as Bifrost
Since the
@BifrostFinance
community launched the inscription project,
@bncs_io
has minted 2.33m events, created 21k new $BNC addresses, and burned over 200k $BNC into the treasury.
Inscriptions may be one of the best tools for on-chain user education. 🤭
▫️ DeFi Interoperability and Farming Opportunities ✅
▫️ Liquidity Unlocked while securing the Network ✅
▫️ Polkadot Governance Voting Power Retention 🔄
$vDOT will surprise you with its most important feature so far... Stay tuned!
Bringing
@StellarOrg
Liquidity to
@Polkadot
: $DOT Collateral for Pendulum’s Spacewalk Bridge Vaults 🌉
@polk_gov
loan proposal of 50K $DOT, to convert to
@Bifrost
$vDOT, for Spacewalk bridge collateral
Unite two OG ecosystems by casting your vote👇
After the Bifrost Runtime was upgraded to v0.9.26 (the Polkadot v0.9.16 version was merged), $RMRK can freely cross-chain between Bifrost <> Statemine. Don't worry, I think $RMRK will soon be implemented in Karura to Statemine Cross-chain.
🧵 A letter of frustration to
@RmrkApp
. I would appreciate some insight from
@bitfalls
on the topic. I've posted around, asked the question multiple times but am still waiting for some clarity...
This proposal lets $vDOT take a significant step toward app-chain-level composability:
- Transfer 1M $DOT from the Hydration (
@hydra_dx
) Treasury to
@Bifrost
- Mint the equivalent of 1M $DOT of $vDOT
- Transfer the $vDOT back to the Hydration Treasury
9.5 Million vDOT Minted on Bifrost! 🎉
On April 29th, a proposal from
@hydra_dx
was approved, transferring 1 Million $DOT - worth approximately $6.9M - from HydraDX's Treasury to Bifrost
#SLP
.
The on-chain proposal was voted on and successfully executed, marking a key milestone
🌈 +5 MILLION vDOT minted on Bifrost! 🎉
The asset's growth, following the 2nd
@Polkadot
Crowdloan Unlock, has beaten every record with 1,116,572 $vDOT minted in 5 Days! 💧
With a Combined APY of +29% and new cross-chain use cases, Liquid Staking advantages are in full view!
$vASTR is already active on Astar zkEVM.
You can now mint and use $vASTR directly through the
@AstarNetwork
zkEVM with only one signature.
However, the Interoperability has crossed Astar zkEVM, Astar Parachain, and
@Bifrost
, powered by
@Polkadot
XCM and
@LayerZero_Labs
.
Astar zkEVM is now supported by
@Bifrost
!
Why is that so important for the Astar Defi ecosystem?
1️⃣ Astar's distinctive dApp Staking mechanism is now available on Astar zkEVM!🤯 offering users a seamless experience that works transparently across our networks - a tremendous
1.3k MAU only meets the web2 minimum viable product benchmark.
@BifrostFinance
can only be considered a first-stage success if millions of users adopt it.
✅ 8 MILLION $vDOT.
In March, the minting volume and number of $vDOT holders increased by 23% and 46%, respectively.
Thanks for community,
@Bifrost
will keep growing 🫡
The stable yield and effective price anchoring mechanism of $vDOT make it gradually the most popular $DOT LST.
✅ 2k holders milestone on
@Bifrost
, more coming.
Although
@BifrostFinance
Polkadot Parachain has achieved 1,400% growth in the 2023 Q4, it's important to remember that its original users came from Bifrost Kusama Parachain and are still active.
.
@kusamanetwork
has just returned to normal from the slash chaos. The slash has been canceled through a community referendum cause it's a technical reason.
$vKSM has not been affected except for the delayed raising of the mint/redeem price.🐦☯️ 1/
The successful implementation of
@hydra_dx
's treasury proposal to mint 1M $vDOT marks a significant milestone in
@Bifrost
's journey. 🫡
This is an excellent showcase of
@Polkadot
's innovation, which enables LST to securely provide staking rewards for layer1 decentralization.
This proposal lets $vDOT take a significant step toward app-chain-level composability:
- Transfer 1M $DOT from the Hydration (
@hydra_dx
) Treasury to
@Bifrost
- Mint the equivalent of 1M $DOT of $vDOT
- Transfer the $vDOT back to the Hydration Treasury
🔥 DOT UNLOCK CAMPAIGNS ARE 🆙
Today, +26 Million DOT from the 2nd batch of
@Polkadot
Crowdloans have been UNLOCKED.
Bifrost has decided to step in bringing you not one but TWO incentive campaigns, allowing its users to get the best out of their unlocked
#DOT
!
Read how... 🧵👇
I have decided to vote against this proposal.
The proposal has significant room for improvement, and since it is currently in the process of passing, more people must stand up and vote against it.
If you hold $vDOT, you can vote here 🫡
Proposal
#684
from Chainalysis regarding their 10M USD payment is currently passing by a hair.
I've felt the need to write my thoughts about this proposal in a report as I cannot see why large token holders can find any value in this proposal.
My personal opinion:
In my past
🤑 We have recently upgraded our UI to allow using other tokens to pay for gas fees on Bifrost
@kusamanetwork
. The new supported tokens include $BNC, $vBNC, $KSM, $USDT, and $ZLK.
You can toggle the token setting in and switch gas to another token if you
Launch of the Kusama <> Polkadot bridge confirms the correctness of the design of Bifrost as the only mainnet, coming of the bridge allows Bifrost to smoothly upgrade from the Kusama parachain to the Polkadot parachain.
@Polkadot
@kusamanetwork
@bifrost_finance
The stable yield and effective price anchoring mechanism of $vDOT make it gradually the most popular $DOT LST.
✅ 2k holders milestone on
@Bifrost
, more coming.
Recently,
@Polkadot
’s Liquid Staking landscape is expanding rapidly due to its benefits for users.
Let’s check our infographic below and together unveils some top
#LSD
projects in the ecosystem.
1/ 🚨 The wait is over!
Today,
@circle
has enabled
#USDC
, the second largest stablecoin by market cap, on Polkadot!
Now, every parachain in Polkadot’s ecosystem can access USDC natively without the need of a bridge.
Learn more in the 🧵 below 👇
There is over $1M of $vDOT on
@InterlayHQ
to ensure the security of $BTC cross-chain.
If you're interested in how to build a vault and earn a higher APR on your $vDOT through $INTR incentives, you can refer to this document for more information.👇
With stable high yield and active liquidity, $vDOT has experienced organic growth from zero to 1,250,000 🫡
Data shows everything.
@BifrostFinance
@0xBifrostCN
Both
@Polkadot
and
@kusamanetwork
are now supported by $vDOT and $vKSM, making it the first LST to retain governance rights through
#XCM
cross-chain interoperability.
Let's keep the innovation going! 🧙♂️
@BifrostFinance
vDOT is now supported on Polkadot OpenGov! 🎉
#DOT
Stakers on Bifrost can retain their Voting Power. This significant milestone enhances our services to a trifecta of unique options on Bifrost:
🔸Liquid Stake DOT
🔸Participate in DeFi
🔸Govern
@Polkadot
Learn more...🧵
The value of borrowing and lending of $vDOT has exceeded $DOT in the
@InterlayHQ
lending market, with more LST use cases and more yield.
@BifrostFinance
We received a bot alert about a significant price swing in the $vDOT market at 3 a.m. on Saturday. I got out of bed and checked the dashboard, which easily confirmed that there were no security issues with
@Bifrost
.
After that, we tried to contact the client through social
30,000+ $vKSM have been successfully Mint. Each $vKSM is entitled to 1000💧Raindrop and farmed at vKSM farming pool with 673% APY.
Addresses with raindrop will be able to share the 5 round airdrop rewards at