SuperDupont

Bifrost Finance

Six months have passed since the Shanghai Upgrade, and the much-talked-about LST Wars show no signs of abating. With a colossal market capitalization, this sector stands as a hotly contested battleground within the DeFi landscape. On one front, established giants like Lido and Rocket Pool engage...

Bifrost Full-Stack Architecture | Bridging the Gap in Cross-chain DeFi

Developments

Bifrost v0.9.80

• Added Stable Swap module

• Fixed the issue of decreasing total supply of BNC

• Adjusted parameters and permissions of OpenGov

• SLPx now supports custom setting of vToken receiving address

• vGLMR/vMOVR now supports xcm-v3 automatic confirmation logic

•...

Monthly Report | DOT Liquid Staking has reached its ATH & the brand new Docs Section is Live !

When Ethereum, the earliest smart contract platform, was born, most decentralized applications could only be deployed on Ethereum. With the flourishing of the public chain ecology and the development of L2s, applications have more choices.

Firstly, applications can choose to deploy on a specific...

A New Paradigm of DeFi Applications: Analyzing the Bifrost Omni Chain Case

In the previous article, we discussed how OpenGov 2.0 removes the Council and Technical Committee present in OpenGov 1.0, making referenda the sole decision-making authority.

All referendum proposals are categorized into Tracks, each with different parameters to handle proposals of varying “risk...

Polkadot OpenGov 2.0 Part II - A deep dive into Delegations, Fellowship and Intervention concepts

OpenGov 1.0 is Polkadot’s first-generation open governance model, which we previously introduced in the article “Bifrost Governance on Subsquare I: General Introduction.”

The core feature of OpenGov 1.0 is the adoption of a tricameral structure.

The Council is responsible for approving...

Polkadot OpenGov 2.0 - A Model of Decentralized Governance in Public Chains

Although the Liquid Staking Tokens (LSD) sector has gained attention after the Shapella Upgrade, the product offered within this category is not new. Staking-related services have been offered since the beginning of the Proof of Stake (PoS) consensus mechanism.

Liquid staking is the service that...

Unique vETH Applications: Unlocking Polkadot LSDFi Potential Bifrost Finance

Developments

Runtime 0.9.78

Optimize the processing logic after the target address of cross-chain assets is wrong

XCM action partly supports substrate chain end calls

Added support for vBNC & vFIL in XCM action

Fellowship referenda increase the execution authority of related business module...

Monthly Report | Total DOT Staking Volume at Bifrost has successfully surpassed 1 Million!

LSD (Liquid Staking Derivatives) enables users to stake their crypto assets, earn interest, and maintain liquidity to optimize capital efficiency. With the successful completion of the Shanghai upgrades this year, the LSD track has garnered renewed interest in the crypto space. Bifrost, the...

Interview Recap | OneBlock dives into protocol’s roots, current developments and future plans

Below is an interview our CEO and Co- Founder Lurpis with Polkaworld about the security of Bifrost protocol and its assets.

Introduction: Hello everyone. I am Liangzi from Polkaworld. Today, the topic of our call is a community-sharing Q\&A about Bifrost. We have collected some questions from...

Community Call | How does Bifrost protect the protocol and asset security?

For the second year in a row, Polkadot Decoded brings together projects and developers who are focused and committed on Polkadot, bringing more innovation and greater prosperity to the Polkadot ecosystem.

As Polkadot’s largest offline community event in 2023, the conference will dissect...

Events | Bifrost is coming to Polkadot Decoded Shanghai Event Week!

With the growth of Liquid Staking narrative, a large number of users have been exposed to this product and not everyone was immediately clear on how LSD staking rewards are issued. This has led to questions about why some LSD assets increase in number when held, and others do not. This happens...

How LSD Projects Issue Staking Rewards

Since the Shanghai upgrade, DeFi market capitalization rose more than 60% in the first half of 2023, driven by LSDs. Liquid Staking have surpassed decentralized exchanges and lending protocols as the top DeFi category by TVL. This has created a series of DeFi protocols built on LSD - LSDFi...

Pendle Finance: Interest Swap Brings New Growth to LSDFi

Developments

Bifrost v0.9.74

Adjust Bifrost on-chain transaction fee price

Upgrade flexible fee to support more tokens as fees

Add a new validator boost list in SLP module to optimize the staking validator management process

Fix farming boost

Add filter to transact for cross-chain calls...

Monthly Report | vETH/WETH live on Aura & Voting Incentives for vlAURA

Since Balancer’s Composable-Stable Pools market-making algorithm is applicable to correlated token pairs like vETH/WETH, Bifrost Team has migrated the vETH/WETH liquidity pool to Balancer.

On May 26, our vETH/WETH Stable Pool reached $1,623,360 TVL and accumulated $2,877,586 Volume on Balancer...

vETH/WETH Stable Pool has been officially launched on Aura Finance

The DeFi Summer will go down in history as one of the most disruptive changes in the cryptocurrency world. It brought enormous liquidity and infrastructure growth to decentralized finance (DeFi) and provided rapid access to wealth for many investors.

Although DeFi was born in 2018, it reached...

Will LSDFi follow in the footsteps of DeFi Summer ?

Developments

Dapp 1.8.1

Launch vETH 2.0

Launch vETH Farming

The cross-chain transaction structure is upgraded to XCM v3

v0.9.72

XCM dependency upgraded to XCM v3 version

SLP protocol is adapted to XCM v3 to confirm the status of cross-chain calls automatically.

SALP protocol adapts to XCM...

Monthly Report | vETH 2.0 Release & Gauge Proposal Live on Balancer

On April 22, Bifrost and Encode jointly announced Bifrost will serve as one of the initiators of the Challenge of the Encode x Polkadot Spring 2023 Hackathon!

Together we will aim to provide the required resources for the builders of the Polkadot ecosystem, accelerate Web3 innovation, and...

The First Bifrost LSD Challenge Launches at Polkadot 2023 Spring Hackathon

On the first part of this series, we listed several derivative applications of vTokens, including scenarios such as splitting, combining, and repackaging of vTokens. This article will list the extended function modules we are looking forward to based on vTokens. We hope that expanding the...

More on vToken II: Omnichain LSD & Ecosystem Applications

Web3 is making simpler for developers to create services using existing products. As a basic asset of the DeFi world, the vToken will be combined into other products allowing the growth and spread of more use-cases based on vToken features and possible applications.

This article intends to...

vToken Analysis Ⅰ: Omnichain LSD & Ecosystem Applications

With the release of a series of crypto-friendly policies in Hong Kong, more and more companies and organizations are focusing on and investing in Web3 technology, providing more support and development opportunities for Web3 projects. Hong Kong Web3 Festival 2023 is an opportunity to provide a...

Bifrost is joining the HongKong Web3 Festival 2023

ETH Shanghai Upgrade

Since its launch in 2015, the Ethereum blockchain has implemented several major upgrades as follows: Byzantium (2017), Constantinople (2019), St. Petersburg (2019), Istanbul (2019), Berlin (2021) and London (2021). Each upgrade covers an important event in the history of the...

Bifrost announces the official launch of vETH 2.0, supporting the ETH mainnet Shanghai upgrade

How to liquid stake FIL?

Bifrost opened the FIL liquid staking and vFIL/FIL farming portal on March 28th at 6 pm HK time (UTC+7). All FIL holders can mint vFIL and stake FIL liquidity to earn Staking rewards while releasing liquidity through vFIL and participating in vFIL/FIL farming to gain additional revenue.

Bifrost...

Tutorial | How to liquid stake FIL and participate in farming

Developments

Dapp 1.8.0

Launch vFIL

Added cross-chain module

Optimize network connection logic

v0.9.70 & v0.9.37

The vPHA liquid asset function of the SLP protocol has been developed

BNC New Economy-related Ve Minting function development completed

vBNC redeem bug fix

Added System...

Monthly Report | Bifrost launched its Liquid Staking on Filecoin Network

As blockchain technology evolves, interoperability has become essential to the ecosystem’s success. Polkadot’s parachain infrastructure allows for interoperability amongst different blockchain networks, and XCM (Cross-Chain Message) is the standardized messaging protocol that enables cross-chain...

How the Upcoming XCM v3 Upgrade Improves Bifrost Protocol Security and Interoperability

Filecoin Network

Filecoin, a peer-to-peer network that leverages the IPFS protocol, is among the leading decentralized storage solution providers. Since its mainnet launch in 2020, the network has attracted over 19.19 EiB (Petabytes) of storage space, thanks to its economic incentives and...

Bifrost is launching vFIL, one of the first Liquid Staking solutions for the Filecoin Network

FVM allows Bifrost to provide decentralized $FIL Liquid Staking, through FVM contracts.

As a decentralized cross-chain LSD Hub, Bifrost will be able to support $FIL interoperability within the Polkadot ecosystem and beyond ! 🚀

Filecoin announcement: https://twitter...

The Filecoin Virtual Machine (FVM) is Live! ✨

With the development of blockchain technology, hardware networks built on top of blockchain began to develop and spread. They provide services such as storage, bandwidth, computing, and communication in a decentralized way. In such a network, the service providers are no longer companies but...

LST & Hardware Networks: Bifrost opens a new era of Liquid Staking

On 10 March 2023, Bifrost announced its support for the InvArch Network Crowdloan on Polkadot, an intuitive and cutting-edge blockchain that bridges the gap between ideas and creation, connecting a world of thinkers, creators, and finance under one ecosystem, and allowing innovation to flourish.
...

Bifrost supports Invarch Network on Polkadot with SALP

🎉 We are happy to announce the renewal of our Kusama Parachain slot, bidding on Parachain ID 2262 !

Bifrost’s commitment to its community and growth within the Polkadot and Kusama ecosystem will continue tirelessly.

Bifrost's Kusama parachain lease Renewal

🎉 We are happy to announce our support to Peaq Network Crowdloan on Polkadot !

Log into Bifrost dapp and join our Slot Auction Liquidity Protocol, to access liquid tokens of your DOT and earn extra rewards for this contribution.

Check http://bifrost.app/vcrowdloan 💎

Crowdloan details: https...

Bifrost supports Peaq crowdloan on Polkadot with SALP

🚨 We are glad to announce our partnership with Peaq network to support their Krest Crowdloan on Kusama !

Join the crowdloan via Bifrost dApp and be part of our Slot Auction Liquidity Protocol (SALP) to earn Krest tokens & extra rewards. Only on http://bifrost.app/vcrowdloan 💧

Details of Krest...

Bifrost supports Krest crowdloan on Kusama with SALP

Developments

Dapp 1.7.1

Launch Mangata asset cross-chain

SALP adds an opening countdown

Optimize the main navigation and store some low-frequency functions

Dapp 1.7.2

The vToken comprehensive income algorithm is optimized, and the display is more in line with the real income

Added the...

Monthly Report | Bifrost Rainbow Boost 5.0 campaign lead to a TVL increase, surpassing $63.4M

Yung Beef 4.2

Subsocial

Holders of Zeitgeist’s ZTG token can now stake to Zeitgeist collators using Sub.ID’s user friendly interface.

In our mission to support Sub.ID as the go-to portfolio management tool in the ecosystem, we are progressively adding staking support for more and more parachains throughout the...

Stake ZTG On Sub.ID!

We are delighted to announce that HRMP (XCMP-Lite) channels have been opened between Bifrost and Equilibrium on Polkadot ecosystem. This represents the first step to start the interactions between Bifrost and Equilibrium.

Through our partnership, bi-directional transactions Equilibrium’s native...

Bifrost and Equilibrium opened HRMP channels for future asset interoperability support

What is a vToken?

A vToken is a staking wrapped asset, provided by Bifrost, that maintains security in PoS networks by requiring nodes to stake assets like in Kusama’s network, which requires nodes to stake KSMs. Another vToken definition is a transferable redemption certificate provided by...

Newcomers’ Guide to vTokens | Q&A with Bifrost

Developments

Bifrost v0.9.68

Change bifrost local asset multi-location from absolute to relative format

Change LP token’s existential deposit amount to 1e6

Bifrost v0.9.69

Fixed PoolInfo in Farming module

Dapp 1.6.1 & 1.7.0

Optimize the display of vToken estimated revenue

More accurate...

Monthly Report | Bifrost’s total vToken minting value surpassed $55 million

Rainbow Boost is the community loyalty program launched by Bifrost. During the campaign period, users earn points (Raindrops) for completing various tasks, with the Top addresses receiving rewards for accumulating Raindrops.

Rainbow Boost

Think of the Rainbow Boost as a competition with a...

The Rainbow Boost 5.0 is Live: Enjoy 30 days of minting incentives and on-chain rewards

Bifrost is one of the most popular parachains on Polkadot & Kusama.
Our Liquid Staking (SLP) and Liquid Crowdloan (SALP) Protocols are used amongst the ecosystem to help many users to release their locked liquidity.

Derivative and BNC tokens are starting to flow over the ecosystem, closing...

Bifrost Community Event: Design our New Telegram Stickers Set and Win a Great Prize !

In our previous article of the series, we introduced Bifrost’s overall governance structure, having moved our discussion space to Subsquare from Forum. This article highlights two modules earlier presented, Democracy and Treasury, explaining how users can participate in decision-making through...

Bifrost Governance on Subsquare II: Democracy & Treasury

On Friday, Jan. 20 2023, Bifrost announced its support for Mangata X on Kusama crowdloan. Mangata X is a comprehensive DEX with innovative Trade & Earn functionalities which has the capability to bootstrap deep liquidity.

In this integration, Bifrost will cooperate with Mangata X to help their...

Bifrost SALP Supports Mangata X Kusama Crowdloan

For the ever-changing Web3.0 world, liquid staking is an old track. Since the birth of Proof of Stake, there have been efforts to release the liquidity of Staked assets. In order to defend against long-range attacks, PoS networks generally set an unlocking period, staked to the Work Token in the...

What are the advantages of the Polkadot XCM-based Liquid Staking design?

Kusama Slash Incident

On December 9, 2022, at the block height of #4543 on the Kusama network, a Slash manslaughter incident occurred. A validator broadcasted a large amount of controversial information, which blocked the network, causing numerous validators to go down.

Kusama recently...

How Bifrost provides an insurance mechanism for vToken holders against the Slash risk

Bifrost is moving towards a multi-chain validator election system based on OpenGOV that better aligns with the blockchain ethos. Liquid Staking will need to become more modular and decentralized in its approach to supporting decentralization network-wide.

That’s our goal, working away from...

VET/VBL Collator Discussion: Questions & Feedbacks Answered !

The SLP protocol developed by Bifrost is a liquid staking protocol. Users send the Token they want to stake to the SLP protocol, and the SLP protocol executes the stake and mints liquid derivatives vToken for the user. The Token pledged by the user will be entrusted to the validator by SLP, and...

VET - Validator Election Track based on Bifrost OpenGov for the Multichain

Network upgrades on Polkadot rely on the combined efforts of active token holders and a Council working in tandem. Any proposed changes will require collective approval by all stakeholders, weighted according to their stake in network transactions. Polkadot’s mechanism ensures that its community...

Bifrost Governance on Subsquare I: General Introduction

2022 has been a long and difficult year for the crypto industry. 2020’s DeFi Summer, 2021’s NFT hit, and a market that was riding high came to a screeching halt in 2022. The discussion has moved from All in to sharing bear market hedging guidelines. There is no doubt that winter has arrived in...

Bifrost Annual Report | Recapping 2022 & Looking Ahead to 2023

By Staking BNC & Minting vBNC users can enjoy staking rewards and unlock utility for additional income.

vBNC LP Farming Pools opened on December 26th.

Users can already enjoy extra rewards in the vBNC-BNC farming pool around 20%.

https://bifrost.app/farming

Already more than1,000,000 vBNC...

Bifrost’s BNC Liquid Staking is finally LIVE! 🌈🔥

Onfinality is proud to be supporting Bifrost's Cross-Chain Liquidity Solution with scalable API & node services!

OnFinality, a multi-chain infrastructure provider, announces API endpoints and node services for developers to connect to Bifrost on Polkadot in seconds.

Read the full announcement...

Onfinality x Bifrost

Christmas is almost here and we couldn't leave you without a present... 🎁

Join our #ChristmasChallenge and get a share of 1,000 $BNC! Rules in the tweet thread.

Extra: Like 👍 and Retweet 🔄 this post for a chance to win 1 of 4 BackToAsgard exclusive WL spots.

https://twitter...

Bifrost Christmas giveaway - Find Bifrosty the snowman !!

As part of our funded treasury proposal, the Sub.ID team has added the ability to claim vested crowdloan rewards and created a staking dashboard for Bifrost, Moonriver, and Moonbeam, allowing you to stake their native tokens (BNC, MOVR, and GLMR).

Many crowdloans feature a vesting schedule for...

Claiming & Staking On Sub.ID

Everything Blockchain

Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. It leverages cross-consensus message (XCM) to provide cross-chain liquid staking services for multiple chains. With the release of 420,000 KSM from the third batch of Parachain auctions...

Bifrost Finance - A tutorial on Liquid Staking

Markh884

Polkadot Arena

Un intenso periodo di attività su Kusama è riportato dall'annuncio delle prime aste parachain. I 5 progetti che hanno partecipato, gareggiato e vinto durante le aste sono stati inseriti nella rete. Da allora, ciascuno ha lavorato alle relative fasi di lancio, ha avuto luogo il monitoraggio delle...

Il primo lotto di parachain su Kusama: un'intervista con i team 

paulll

Bifrost italia corner and everything related to the DotSama ecosystem

vKSM

Cos’ è vKSM?

vKSM (voucher KSM) è il token liquido di KSM ottenuto dallo staking su Bifrost, il quale ha una riserva di KSM sottostante e funzionalità di rendimento dato dalle ricompense per lo staking di KSM. Gli utenti possono depositare KSM nel protocollo Bifrost SLP e ottenere vKSM...

SiriusLee | PromoTeam

Latest News

On January 4, new strategic cooperation was reached between Kusama parachain and DeFi protocol Bifrost, and Polkadot ecosystem heterogeneous cross-chain project Darwinia. Darwinia’s decentralized Substrate-to-Substrate bridge will help expand Bifrost Defi applications.

Bifrost’s...

Bifrost to integrate Darwinia Substrate-to-Substrate bridge for DeFi applications

DarkSpark

Learn about the Bifrost parachain, detailed stats about Polkadot crowdloans, Karura & Moonriver farms and governance watcher! 📣

Acala Wins First Auction & Bifrost Deep Dive

The BNC transfer has now activated 🚀

Bifrost Finance officially steps into the new world of decentralization.

The BNC transfer has now activated

BNC initial listing on DEX Karura Network

BNC / kUSD swap will opening at
12:30pm UTC, 21th Oct.

Be on the look at
https://apps.karura.network/swap/bootstrap,
swap will open up once the bootstrap is over.

BNC initial listing on DEX Karura Network

On October 19th, a 48-hour BNC/kUSD Bootstrap swap pool was launched in Karura when the block number #782000 was reached. This Bootstrap needs to reach the set standard target: 20,000 BNC or 200,000 kUSD liquidity. As of now, the liquidity target has been over 500%+ completed, the addresses...

How to contribute liquidity in BNC/kUSD Bootstrap pool

Bifrost Community Referendum to Enable Transfers has Voted, BNC to Activate Transfers at 7am on the Oct 21st UTC

According to the Bifrost chain, the community's proposal to open the BNC transfer referendum, which was launched 7 days ago, has passed with 99% of the votes in favor and will...

Bifrost Community Referendum to Enable Transfers has Voted, BNC to Activate Transfers

Karura BNC / kUSD Bootstrap met 200% goal in only 20 minutes, DeFi will step into a new era of parachain combination!

Bootstrap will continue for 46 hours. After that, you can provide LP to the farming pool and start liquidity mining immediately, sharing 200k $BNC / 25k $KAR for three months of...

Karura BNC / kUSD Bootstrap met 200% goal in only 20 minutes

First ever decentralized listing progress on Kusama network.

🦾3 days to go Bootstrap
🦿 5 days to enable the BNC transfer

Join the referendum of enabling BNC transfer.
https://bit.ly/2XgBJNM

Discuss the listing.
Karura Network: https://bit.ly/3paLOrc

First ever decentralized listing progress on Kusama network

Dear Bifrostians,
The Bifrost Community has just launched their Referendum Proposal to activate $BNC Transfer Function yesterday.
Come & meet Tyrone Pan PM of Bifrost Finance to learn more about their upcoming strategies & plans for DOT auctions.

Come & meet Tyrone Pan PM of Bifrost to learn more about their upcoming strategies for DOT auctions

\#11 referendum proposal has been submitted.

This is the historical time that you can vote for enabling $BNC transfer #democracy at: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fbifrost-parachain.api.onfinality.io%2Fpublic-ws#/democracy

🙋‍♂️ Voting Period: #605,575
🚀Activate Period: #611,552...

You can vote for enabling $BNC.

Introduction

The intense and exciting Kusama Crowdloan has come to an end, and Bifrost has managed to take the fifth parachain of Kusama.

After successfully connecting to the parachain, the Bifrost mainnet has officially gone live and is expected to issue BNC rewards to all participants in the...

Tutorial | How to query BNC records in Bifrost Dapp

Foreword

At 8:17 am UTC on July 20, the auction for the first batch of Kusama parachain slots has come to an end, with Bifrost successfully bidding for the 5th slot in the first batch of Kusama parachain with 142,430.9241 KSMs, higher than the number of KSMs bid for the first two slots. Of these...

A Review of the Bifrost Slot Auction Highlights

Foreword

Bifrost is currently launching two protocols, SLP and SALP, which will enable fully decentralized derivatives minting through Kusama/Polkadot XCMP. According to the roadmap, SALP will be the first protocol to go live after Bifrost’s successful bid for the Kusama parachain. At the same...

Bifrost SALP and DEX Modules Coming to Asgard CC4 for Public Beta Testing | Weekly Report 59

Bifrost, as the DeFi base protocol of Polkadot Ecology, is committed to be the infrastructure for providing liquidity for staked assets, and providing effective protection for capital security is definitely the primary design goal. In order to achieve this goal systematically, Bifrost analyzes...

Risk Control Series III: Multi-level risk prevention and control measures for capital security

Development

Bifrost Node & Runtime

Resolving Zenlink RPC type resolution issues

Tracking xcm-related issues

salp-contribute

polkadot customization to liberalize xcm uplink-related restrictions

salp-withdraw Partial integration of xcm asset transfer

Encapsulate xcm-related api interfaces to...

Over 20,000 KSMs have been successfully voted to Bifrost Crowdloan, Weekly Report 58

We’re proud to announce a collaboration between Bifrost and RMRK’s Kanaria.

Kanaria is a fundraiser for the RMRK Association, which distributes unique NFT eggs that will hatch into unique and rare Kanaria birds (canaries) with special upgradable traits.
These birds are meant to be...

Bifrost Partners with NFT Protocol RMRK to Facilitate Parachain Bidding by Distributing Limited NFTs

Foreword

Bifrost has successfully started the official bidding phase of Kusama, has received 13,265.1137 KSM support, and temporarily ranks fourth among the parachains participating in the bidding. Bifrost parachain auctions can be supported through two methods: vsKSM Mint Drop and Crowdloan. At...

Ranked fourth, Bifrost’s parachain auction has been supported by 13,265 KSM, weekly report 57

First ever decentralized listing progress on Kusama network.

🦾3 days to go Bootstrap 
🦿 5 days to enable the BNC transfer 

Join the referendum of enabling BNC transfer. 
https://bit.ly/2XgBJNM

Discuss the listing.
Karura Network: https://bit.ly/3paLOrc