Bifrost Finance will launch the first round of whitelisting soon, along with their second round of Web3 program of incentives for their native blockchain users, known as the Rainbow Boost. — The Rainbow Boost Program On May 16, Bifrost launched its first Rainbow Boost Program: A system of tagging, rewarding and incentivizing the behavior of addresses on the Bifrost chain. …

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…

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…

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…

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”. …