Bifrost SALP Supports OAK Network Polkadot Crowdloan

We are happy to announce our support for the OAK Network Crowdloan through our Slot Auction Liquidity Protocol (SALP).

OAK Network: Bolstering Web3 Services

The collaboration allows Bifrost to help establish a robust payment solution across Web3. OAK Network differs from existing blockchain payment solutions as it ensures:

  • No more wrapped assets - The chain supports the assets; thus, they no longer need to be bound to one smart contract.
  • Eliminates off-chain servers as on-chain event modules can trigger repetitive transactions.
  • Abolishes private key custody.
  • Chain-level security.
  • Native upgradability - Based on Substrate, OAK Network will constantly strengthen with forkless runtime upgrades.
  • Time-based guarantees for execution.
  • Support for asset transfer to multiple addresses with one transaction.

About OAK Network

OAK Network is Web3’s hub for cross-chain automation, enabling multi-chain apps to schedule and automate any substrate extrinsic or EVM smart contract function. OAK is built to deliver trustless automation, dedicating its block space and optimizing gas to store, trigger, and execute transactions to connected blockchains.

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