logo
Big News| Bifrost DApp goes live with ETH 2.0 derivative vETH

Big News| Bifrost DApp goes live with ETH 2.0 derivative vETH

vETH on Dapp

vETH, known as Voucher Ethereum, is Bifrost’s Staking Derivatives for ETH 2.0 and is the first running Derivatives in the Bifrost vToken series.

On December 1, 2020, ETH 2.0 Beacon chain staking was launched, and after 2 rounds of vETH minting campaign, Bifrost has today launched the vETH function module on the Dapp, supporting users to participate in ETH 2.0 Beacon chain staking through the Bifrost and receive Liquidity Derivatives vETH.

Bifrost has already conducted two rounds of vETH Mint Drop campaigns between November last year and the beginning of this year, with a total of 924 users participating in the minting process, minting a total of 18,085.9735 vETH and accumulating over $70 million, and has distributed a total of 809 ETH to vETH holders, nearly 3.5 million dollars.

Subsequently, the liquidity of vETH was built and vETH trading pairs were launched on DEX platforms such as Uniswap, 1inch, Looring, and DODO.

Currently, vETH has officially launched Bifrost Dapp, and users can complete vETH minting and claim staking rewards. vStaking: https://bifrost.app/vstaking

At present, vETH is only an ERC20 asset. In the next step, we will complete the first cross-chain of the vETH and Moonriver smart contract platform in AnySwap, and start the vETH Liquidity incentive activity in Zenlink.


About 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 Builder’s Program and Web3.0 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

Website | Forum | Telegram | Medium | Twitter | Discord | SubSocial | GitHub

SuperDupont

Bifrost supports the Logion Polkadot Crowdloan

Bifrost supports the Logion Polkadot Crowdloan

Bifrost supports the Logion Polkadot Crowdloan! Through Bifrost's SALP, users can contribute directly to the crowdloan and receive +80 $LGNT and $vsDO

SuperDupont

Bifrost supports SORA Polkadot Crowdloan.

Bifrost supports SORA Polkadot Crowdloan.

Using Bifost’s SALP, users can contribute and earn rewards for supporting the crowdloan and receive vsDOT, which can be utilized for liquidity when re

SuperDupont

What sets Bifrost apart from other LSD protocols?

What sets Bifrost apart from other LSD protocols?

New players have appeared amidst the LSD frenzy sparked by the Ethereum Shanghai upgrade. While the seasoned players vie for the highest minting volum

SuperDupont