Bifrost 2022 May Monthly Report

Technological Developments

  • Fix bug in BNC Staking module
  • Update dependency to 0.9.19
  • Launch vKSM module
  • Launch SALP Convert function
  • Optimize continuous operating experience
  • Launch PHA assets and cross chain
  • Launch Rainbow Boost
  • Add KSM quick redeem function
  • Rainbow Boost service
  • vToken related monitoring
  • vKSM service optimization
  • Polkadot < = > Ethereum cross chain scheme
  • Polkadot < = > Kusama Bridge
  • Moonriver contract cross chain research

Product Progress

  • Bifrost has successfully renewed the parachain slot of Kusama for 48 weeks, and all parachain functions are in continuous and stable operation.
  • Bifrost Staking Liquidity Protocol: SLP has been launched. As the first SLP derivative, it supports minting of vKSM. Users can participate in vKSM farming while holding vKSM and enjoy the dual benefits of Staking + Farming. The total minting volume of vKSM on the 14th day of its launch was 68,860 vKSM.
  • The two-way mutual transfer function between vsKSM and vsBond was launched in SALP 2.0. Compared with vsBond pending transactions, users can now realize rapid vsBond liquidity exchange through the protocol pricing of SALP. Query vsKSM < = > vsBond exchange rate.
  • The Bifrost App front end and SLP protocol cooperate with the online behavior incentive system Rainbow Boost to accumulate the corresponding entries according to the user’s online action vKSM minting, redemption, transfer, etc., which can be used as the long-term online identity and equity proof of Bifrost network.
  • Users can access Bifrost App through Token Pocket, Math Wallet and Nova Wallet to complete vKSM minting.

Online Events

Offline Events

Polkadot Crowdloan

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