Polkadot’s NPoS Consensus Mechanism On May 1, Solana officials tweeted out another crash of its mainnet Beta. Judging from the 6 crashes in January 2022, public chains under the PoH mechanism still need more time to conquer the market. Among the many consensus mechanisms in today’s blockchain, PoW and PoS consensus mechanisms are still…

Bifrost has been through a lot of practice in the related protocols and business after being linked into the Kusama relay chain as a parallel link. Among them, the SALP business has achieved great success after its launch. At present, SALP has successfully helped Bifrost bid for slots and supported…

Bifrost is a DeFi parachain uniquely designed to utilize derivatives models to unlock users’ liquidity of their staked assets. As a foundation, Bifrost has designed and tailored a liquidity release mechanism for multiple staking scenarios and introduced the native staking derivative vToken. Please refer to “New DeFi Track: How to…

Foreword At 8:17 am UTC on July 20, the auction for the first batch of Kusama parachain slots has come to an end, with Bifrost successfully bidding for the 5th slot in the first batch of Kusama parachain with 142,430.9241 KSMs, higher than the number of KSMs bid for the first…

Polkadot Slot Auctions get their most awaited derivatives program: A Crowdloan through SALP 2.0 expands possibilities for higher incomes. — Introduction Since the so-called DeFi Summer in 2020, the Decentralized Finance has overgrown. Therefore, the resulting financial products have made DeFi the primary path for the systemic growth of major public chains. Polkadot was born with its technical advantages of interoperability and cross-chain communication. …

Successful bid on Polkadot Parachain On June 5, 2022, Bifrost went live with Polkadot Parachain. As announced before the auction, Bifrost participated in the 16th, 17th, 18th, and 19th auctions for the Polkadot Parachain slots and has successfully won the 18th slot with a two-year (96-week) slot lease. …

In June 2022, Bifrost announced its support for the Imbue Crowdloan on Kusama. Imbue Network is a decentralized crowdfunding DAO built on the Polkadot blockchain platform. …

SubBridge opens the two-way HRMP channel between Khala (Phala’s canary network) and Bifrost NOW! It enables cross-chain transmission between Khala and Bifrost. Users can freely transfer $BNC and $ZLK from Bifrost to Khala through SubBridge or reverse the transfer of related assets.

Technological Developments Bifrost runtime v0.9.42 Fix bug in BNC Staking module Update dependency to 0.9.19 Dapp 1.3.0 - 1.3.1 Launch vKSM module Launch SALP Convert function Optimize continuous operating experience Launch PHA assets and cross chain Launch Rainbow Boost Add KSM quick redeem function Servers Rainbow Boost service vToken related monitoring vKSM…