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After vETH can normally obtain staking rewards on January 5, vETH will continue to expand its liquidity and usage scenarios. Bifrost and Loopring have announced their strategic partnership on January 4. Loopring Protocol will start the Bifrost vETH liquidity mining event at 0:00 (UTC + 8) on January 7. Provide vETH/ETH liquidity to participate in 14-day 100,000 LRC mining. Activities include the Layer-2 AMM liquidity mining and AMM Swap Tournament.
Event Start: 0:00 (UTC +8) January 7, 2021.
Event End: 0:00 (UTC +8) January 21, 2021.
AMM liquidity mining
We are very pleased to announce that Bifrost and Loopring have reached a strategic partnership to jointly expand the liquidity of Bifrost’s derivative vToken in the Ethereum Layer 2 (layer 2 network) Loopring protocol.
Loopring is the first layer 2 expansion technology protocol on Ethereum, and Vitalik mentioned Layer 2 as the focus of the new roadmap. Through the use of zero-knowledge proof Rollup technology, the throughput of the first layer of Ethereum is from ~ 15 transactions/sec increased to ~ 3000 transactions/sec, with extremely low Gas fee.
Bifrost as the DeFi basic protocol that provides liquidity for pledged assets in the Polkadot ecosystem, has launched the derivative vETH for ETH 2.0 Staking. As a dual protocol asset of ERC 20 and Substrate Based, vETH can be used in both the Ethereum and Polkadot ecosystems. This cross-ecological cooperation has created the prototype of the composability of Polkadot and Ethereum applications. …
Bifrost launched the ETH 2.0 Staking derivative vETH on November 27. vETH is a dual-protocol asset that supports both ERC 20 and Substrate Based. Holding vETH can earn ETH 2.0 staking reward. vETH will be divided into four stages to achieve complete decentralized governance “How does vETH achieve complete decentralized governance”. The vETH contract has officially opened the “Mint” function, and the first phase of the vETH Mint Drop mint airdrop plan has been launched simultaneously, with a total of 1.25% of the Foundation and a total of 100,000 BNC for vETH mint rewards “Bifrost activates “Mint Drop” event, mint vETH for BNC airdrop.”. This Mint Drop event lasted for a total of 32 days. The highest mint amount was 15,088.7563 vETH, and the cumulative airdrop was 70750.3745 BNC. The total transaction volume was $157,209.7. Please look forward to the next Mint Drop event. …
Bifrost, a DeFi protocol for the polkadot ecology, and Zenlink, the cross-chain DEX protocol, have entered into a strategic partnership to jointly promote the development of the polkadot ecology. The two parties will cooperate in depth around Polkadot Staking liquidity and DEX , including providing technical support, community cooperation, ecological construction, and market expansion.
As a liquidity provider for staked assets, Bifrost has launched a derivative vToken for Staking and Polkadot Lease Offering (PLO) in the context of the upcoming auction of Polkadot Parachain Obligations. …
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