Bifrost starts the Polkadot Parachain Rococo test, Weekly Report 21

Development

  • Polkadot Parachain Rococo test
  1. Build Polkadot Relay Chain and Parachain
  • Bifrost to EOS Testnet cross-chain issue debug

Ecosystem

  • Bifrost long-term contribution plan are launched to encourage devs, community experts, writors and excellent translators to actively participate in Bifrost’s ecological construction. Bifrost will provide a certain number of BNCs to motivate contributors. Please check the link for details. https://wiki.bifrost.finance/zh/contribution/long-term.html

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

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