In our previous article of the series, we introduced Bifrost’s overall governance structure, having moved our discussion space to Subsquare from Forum. This article highlights two modules earlier presented, Democracy and Treasury, explaining how users can participate in decision-making through them. Discuss Your Idea We welcome everybody join the Governance, and we recommend…

Network upgrades on Polkadot rely on the combined efforts of active token holders and a Council working in tandem. Any proposed changes will require collective approval by all stakeholders, weighted according to their stake in network transactions. Polkadot’s mechanism ensures that its community carefully considers any alterations before implementation. Bifrost’s…

2022 has been a long and difficult year for the crypto industry. 2020’s DeFi Summer, 2021’s NFT hit, and a market that was riding high came to a screeching halt in 2022. The discussion has moved from All in to sharing bear market hedging guidelines. There is no doubt that…

The SLP protocol developed by Bifrost is a liquid staking protocol. Users send the Token they want to stake to the SLP protocol, and the SLP protocol executes the stake and mints liquid derivatives vToken for the user. The Token pledged by the user will be entrusted to the validator…

Developments Bifrost v0.9.68 Change bifrost local asset multi-location from absolute to relative format Change LP token’s existential deposit amount to 1e6 Bifrost v0.9.69 Fixed PoolInfo in Farming module Dapp 1.6.1 & 1.7.0 Optimize the display of vToken estimated revenue More accurate statistics of the total vToken holdings Optimize the accuracy calculation of tokens with long digits of precision such…

Bifrost is one of the most popular parachains on Polkadot & Kusama. Our Liquid Staking (SLP) and Liquid Crowdloan (SALP) Protocols are used amongst the ecosystem to help many users to release their locked liquidity. Derivative and BNC tokens are starting to flow over the ecosystem, closing partnerships with different…

Bifrost Team has recently launched a new Discord Bot called RainBot, on our Discord channel. RainBot will grant access to those who participated in one or more Rainbow Boost campaigns over the past months to link their Web2 Identities (Discord ID) with their Web3 ones (BNC addresses). RainBot allows Bifrost…

On Friday, Jan. 20 2023, Bifrost announced its support for Mangata X on Kusama crowdloan. Mangata X is a comprehensive DEX with innovative Trade & Earn functionalities which has the capability to bootstrap deep liquidity. In this integration, Bifrost will cooperate with Mangata X to help their Crowdloan participants access…

On September 15, 2022, Vitalik Buterin, the co-founder of Ethereum, tweeted, “We finalized! (Ethereum merger)!” and proclaimed this is an important moment for the Ethereum ecosystem. The transition of the Ethereum mainnet from Proof of Work (PoW) to Proof of Stake (PoS) is called “The Merge”. This also means that…