Foreword

At present, Bifrost Kusama slot auction has received 139,335 KSM contribution from 5,057 addresses, of which 133,846 KSM voted for the Kusama Crowdloan, and 5,488 KSM reserves for the initial liquidity of vsKSM. Bifrost is currently the first candidate for the fifth slot, with 17,958 KSM ahead of the second candidate. The Kusama candle auction phase will end at 16:30 on July 20. After the unremitting efforts of the community, Bifrost has 97% chance to win the fifth slot of Kusama. The parachains currently connected to Kusama are Statemine, Karura, Moonriver, Shiden and Khala.

Development

Bifrost Node

• vsbond-auction unit price provides decimal support

• Test and fix all known bugs in the vsBond market module and swap/liquidity module

• Complete the connection between the relay chain of the SALP pending order module and the api of biforst and the ui repair

• Complete the bifrost.js upgrade

• Reference type-definitions package

• Asgard CC4 increase or decrease liquidity test

• Asgard CC4 upgraded to 0.9.8

• Add currencyid and assetid conversion macro

• Test bancor design price line chart

• Test SALP centralized data monitoring

• Upgrade the benchmark branch to v0.9.8

• Package benchmark script

• Upgrade the bifrost SALP branch to v0.9.8

• Refactor XCM test framework and add test cases

• Fix the failure of CI image build

• Repair SALP asset usage

• Investigate ethereum bridge solutions

Bifrost Dapp & Dashboard

• Crowdloan Gap calculation logic and display form are developed simultaneously, distinguishing Mint Drop and Crowdloan

• The minimum minting unit is changed to 4 decimal places

• Add historical voting records

• Remove the Voucher interface, BNC Balance is obtained from the Bifrost mainnet

• Fix Graphql API

• Optimize pagination + language selection style

• Upgrade the basic package

• Optimize connection nodes Bifrost/Asgard/Kusama node connections

• Top centered style repair and optimization

• Optimize Minter reward, vToken mint, Bancor Runtime modules

Ecosystem

• On July 13, a brief history of cross-chain: from asset bridge to interoperability was published on the Bifrost official account. At present, cross-chain is regarded as the holy grail of the development of the blockchain field and the key technology to realize the interoperability of multi-chain. Some of the current cross-chain technology forms are realizing asset intercommunication, some are proposing a set of communication protocols to realize communication between blockchains, and some are proposing new system architectures and operating modes to support more blockchains Access.

• On July 14, Lurpis, the co-founder of Bifrost, was invited to participate in the Wuya Community AMA. Regarding the significance of Bifrost’s access to slots and the KSM liquidity solution for Parachain bonding, Lurpis gave a detailed solution.

• On July 22, Bifrost Product Manager Tyrone accepted an interview from overseas Twitter KOL MAD Cripto. The interview lasted 1 hour. The content of the interview mainly included the interpretation of the SALP agreement, the benefits of Bifrost’s bidding slots and the use of vToken. The interview manuscript MAD Cripto will be published after collation.

• In the fifth slot auction on July 16, Bifrost opened the Asgard hero reward mechanism. When users who vote for KSM help Bifrost lead the second candidate by a certain number of votes, those who complete the KSM lead goal will receive the Asgard hero reward. Currently, four heroes of Asgard have been lighted up, namely Hela, Loki, Odin and Bor. Details: 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

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