Bifrost New White Paper Released, Weekly Report 29

Development

  • Stage complete front end query SDK interface.
  • Fix some potential bugs from Bifrost => EOS.
  • Bifrost-eos-relay add signers to sign EOS => Bifrost cross-chain transactions.

Ecosystem

  • On October 26th, Bifrost was invited by Web 3.0 Bootcamp Demo Day, sponsored by Web3 Foundation, Parity Technology, Wanxiang Blockchain Lab, and New Chain Space, where Bifrost was one of the first 15 key teams to summarize the 6-month Web 3.0 Bootcamp “Graduation Report”.
  • l On October 26th, Bifrost co-founder Lurpis introduced the project and celebrated the graduation of Web 3.0 Bootcamp with our partners at the Polkadot Night event. The partners who won BNC at the event will be rewarded next week.
  • On October 27th, Bifrost released a new whitepaper detailing project implementation options, typical businesses, economic models, Roadmap, and more. Check link: https://medium.com/@bifrost_finance/bifrost-new-white-paper-released-5c84dcbe5b16
  • On October 29th, Bifrost co-founder & CEO Lurpis was invited to Web3 Forum hosted by Web3 Foundation. Lurpis said that the strength of decentralized finance is its openness and composability, and that the nature of parachains will make composability more obvious and allow for more innovative ways to play.
  • On October 30, Bifrost × BML, the live video event was a great success! Bifrost CEO & Co-Founder Lurpis shared a recap of the Web3 Conference and Wanxiang Blockchain Week during the stream, as well as Bifrost’s latest news.

What is Bifrost ?

Bifrost is the DeFi project for PoS tokens, that include staking and liquidity both. It allows to get vToken for operations and delivering liqidity, plus you got staking rewards all the time your DOT, KSM,EOS or other token blocked by the smart-contract. You get reward from the Day 1 of nomination, without locking periods and can change your, for example, vKSM for KSM any time. BNC is the native token of Bifrost.

vToken can optimize transactions in multiple scenarios such as DeFi, Dapp, DEX, etc. When vToken is used as a collateral for lending, its staking income can offset part of the interest and realize low-interest borrowing.

With vToken you can hedge the risk of locked positions, DeFi & Staking double rewards and leverage Staking and other application scenarios.

Bifrost Finance is a parachain designed for staking’s liquidity

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store