According to the official announcement by Polkadot, Kusama’s first parachain slot auction will begin on June 15th, and the much-anticipated auction moment will soon come as scheduled.

Bifrost has accumulated 43,000+ Kusama reservation addresses after nearly a month of Kusama slot auction reservation activities, and launched the “Bifrost Kusama Parachain Auction Conference” at 19:00, 2021–6–10, UTC+8. During the conference, Lurpis, the co-founder of Bifrost, opened the pre-voting for the reserved addresses of vsKSM Mint Drop, and announced the Bifrost parachain auction mechanism and reward rules for the first time. …


Recently, Gavin released the steps and preparations for launching the Kusama parachain on Github. Kusama’s slot auction has reached the final stage of preparation. As the Basic DeFi protocol of the Polkadot ecosystem, Bifrost has made full preparations for the Kusama slot auction and is ready to go.

Meanwhile, Bifrost has submitted a Grant application for SALP (Slot Auction Liquidity Protocol), through which Bifrost will unlock the liquidity of locked DOT/KSM in slot auctions by generating derivatives vsToken (vsDOT/vsKSM) and vsBond. SALP allows users to participate in Crowdloan by creating derivatives completely decentralized through the Polkadot Cross-Chain Protocol XCMP, allowing…


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 two slots. Of these, 136,816.2021 KSMs were successfully voted into the Kusama Crowdloan, with the remaining 5,614.7220 KSMs to be injected into Bifrost SALP’s embedded Bancor liquidity pool as base liquidity for vsKSM, providing mint users with derivative liquidity for vsKSM in the early days of staking.

Next, Bifrost will…


Foreword

At present, Bifrost Kusama slot auction has received 139,335 KSM contribution from 5,057 addresses, of which 133,846 KSM voted for the Kusama Crowdloan, and 5,488 KSM reserves for the initial liquidity of vsKSM. Bifrost is currently the first candidate for the fifth slot, with 17,958 KSM ahead of the second candidate. The Kusama candle auction phase will end at 16:30 on July 20. After the unremitting efforts of the community, Bifrost has 97% chance to win the fifth slot of Kusama. The parachains currently connected to Kusama are Statemine, Karura, Moonriver, Shiden and Khala.

Development

Bifrost Node

  • vsbond-auction unit price provides decimal support


The goal of cross-chain at the beginning was to allow assets to be transferred from one chain to another, and back again safely, and later expanded to solve the problem of mutual transfer, transfer, and exchange of assets and states on two or more different chains. With the current maturity of cross-chain infrastructure, the hype for the cross-chain concept has cooled down, let’s take a grim observation of the existing cross-chain technology form.

Cross-chain technology is considered to be the holy grail of the development in the blockchain field and the key technology to realize the interoperability of all chains…


Foreword

In the past two weeks, Kusama Parachain Auction has entered the fierce stage of the 4th slot auction. Bifrost team mainly focused on the development and marketing of the official auction page vsKSM Mint Drop (ksm.vtoken.io), through the 200% reward sprint activity, the invitation code reward promotion/generation mechanism restart, the leading reward bonus, and the Asgard hero plan, four aspects were used to empower the Bifrost parachain auction and obtained 35,000 visits in 14 days, and successfully attracted more than 50,000 KSM votes, currently ranking the first candidate in the 5th slot of Kusama.

Development

Bifrost Node

  • Complete test/upgrade Bifrost.js
  • Genesis reconciliation, import…


Moderator’s Questions

Polkadot News Olga: Hi, Tyrone!

Tyrone: Hey everyone! I’m Tyrone from Bifrost, so exciting so see all of you here.

Question one: I’m sure some of you guys here may have heard about Bifrost through Youtube, Twitter, Medium channels, etc. Let’s start by asking Tyrone to give us a brief overview of Bifrost’s growth from 2020 to 2021 and what the focus will be in 2021.

Tyrone: Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot…


Kusama’s 4th Parachain slot auction has entered the final sprint stage. The Ending Period Candle Auction will be officially started at block #8,251,581 of the Kusama relay chain, approximately at 8:30 on July 8, GMT. The final winner will be elected at 9:00 on July 13th, GMT.

Learn what is Candle Auction: https://wiki.polkadot.network/docs/mirror-learn-auction

Check Kusama parachain auction full schedule: https://kusama.network/auctions/

Check auction gaps: https://www.subvis.io/crowdloan


After Bifrost launched the “Parachain Auction Sprint Program”, the double bidding rewards and 5.5% referral rewards attracted 20,000+ KSM votes in just 6 days.

As the Kusama Auction 4 is imminent, Bifrost is now in the leading position of the 4th auction Crowdloan, and the official auction will start on July 6th, 2021, 12:00 GMT.

Bifrost Finance

Bifrost Finance is a parachain designed for staking’s liquidity

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