How to contribute to Bifrost on the Rococo Parachain Test Slot Bidding?
Step 1: Visit Rococo Faucet Channel on your browser and register to log in (if already registered, skip this step)
Step 2: Enter !drip + Rococo address in the chatting room to get a test ROC through the bot.
Step 3: Browser access to the parachain crowdfunding page https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Frococo-rpc.polkadot.io#/parachains/crowdloan
Step 4: Find Bifrost PC1, enter the number of test ROCs received, and click Contribute for slot bidding support
Step 5: Finally you will see the Crowdloan status of your supported projects Bifrost here: https://polkadot.js.org/apps/#/parachains/crowdloan
Many thanks to you guys for support and contribution to bifrost in the Rococo test slot auction, Bifrost will also release the BNC incentive program for slot bidding before the official slot auction. More info please follow Bifrost more social channels.
What is Bifrost?
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot (PLO). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of Substrate Builders Program and Web3 Bootcamp.
vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and PLO through vToken, realize the risk hedging of pledge assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.