What is SLPx SLP is the module used for processing vToken minting and redemption on the Bifrost chain. To mint and redeem vToken through SLP, users must first transfer their assets to the Bifrost chain, creating user experience issues. SLPx is a recently developed extension pallet to SLP by Bifrost that will allow…

Developments Bifrost v0.9.82 vToken adds support for relay chain OpenGov voting Fixed the problem of reduced BNC issuance caused by SLPx cross-chain transactions OpenGov Referenda voting belief base value reduced to 1 day Bifrost - Polkadot goes online on OpenGov Increase OpenGov governance Decision Deposit to 10 times the current size Cross-chain handling…

Web3 has evolved into a multi-chain ecosystem, comprising hundreds of L1 blockchains, along with various Layer2 solutions, subnets, parallel chains, and application-specific chains. While this proliferation has spurred innovation and blockchain adoption, it has also led to fragmentation, with applications, assets, liquidity, and users spread across different chains. Although cross-chain…

Six months have passed since the Shanghai Upgrade, and the much-talked-about LST Wars show no signs of abating. With a colossal market capitalization, this sector stands as a hotly contested battleground within the DeFi landscape. …

With the conclusion of the first round of the Polkadot slot lease for parachains, an amount of 100,000,000 DOT was unlocked. On October 12th, Bifrost launched the Polkadot Unlock Harvest event, which started a week earlier than the actual date of the unlock and finished on November 22nd, spanning 40…

Developments Bifrost 0.9.87 & 0.9.86 Fix vBNC exchange rate adjustment method SLP supports vMANTA update treasury pallet permissions Fix the issue of cross-chain execution failure of SLP.bond on vDOT & vKSM Fix the issue of Kusama side-chain confirmation failure Omni LSD 1.0.1 Astar Network supporting vDOT Product In terms of liquidity derivatives, the net monthly increase in vDOT minting…

Bifrost is a dedicated Liquid Staking middle layer built on Substrate, powered by Polkadot, providing non-custodial decentralized cross-chain liquid tokens for staked assets. Presently, Bifrost holds a combined Total Value Locked (TVL) of $52 million across multiple chains and introduces innovative solutions such as: SLPx: Enables cross-chain automated minting, redemption…

With the recent expiry of the first Polkadot parachain lease periods and the unlocking of a large amount of DOT, over 3.3 Million DOT have been minted into Bifrost’s liquid staking solution for staked DOT - vDOT, with a total value reaching 18 million USD.

Developments Bifrost v0.9.84 The Vtoken-voting module has fixed bugs related to user voting amounts, proxy address voting amounts, and proposal status. The Xcm-interface module has fixed the issue of overcharging transaction fees when transferring USDT to AssetHub. The SLPx module has removed the minimum reserve amount requirement for minting vToken accounts. The Stable-pool…