According to the Bifrost Kusama Slot Auction online launch, the official bidding phase for Bifrost Kusama slots will open at 2pm on June 11 UTC. Reserved users can participate in vsKSM minting 24 hours in advance, and the vsKSM minting channel for reserved users is now open with:
a total Kusama auction reward of 3,000,000 BNCs;
a hard top reward of 250,000 KSMs;
a reward ratio of 1 KSM : 11+ BNCs, with 50% unlocked online and the remaining 50% linearly over 48 weeks;
1:1 vsKSM and vsBOND via the Bifrost vsKSM Mint Drop page;
Invite a friend via the invite code to receive an additional 5% BNC bonus on the friend’s total reward.
Bifrost will also be dropping a total of 50,000 BNCs on all reserved addresses, which will be distributed at 2pm on June 11 UTC.
Source link: https://ksm.vtoken.io/
What is Bifrost?
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. Bifrost launched derivatives vToken for Staking and Polkadot Parachain Slot (Crowdloan). 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 Crowdloan 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.
Learn more about Bifrost