2ND vETH MINTDROP SETS A LIMIT FOR BIFROST OF OVER $ 27 MILLION IN WEEKLY REPORT 45

Samson Dogo
2 min readMar 13, 2021

ECOSYSTEM

On March 3, Bifrost and Plasm Network and PolkaWarriors organized an AMA in the community. Two Polkadot projects at the AMA discussed in-depth interoperability between Polkadot chains.

On March 3, BiShiJie held an AMA: The Polkadot Ecosystem Has Arrived. How can we seize the opportunity? The AMA focused primarily on the opportunities that Polkadot offers, the opportunities that arise from guest-related projects and other predictable leads and projects in the ecosystem. Bifrost Product Manager Tyrone has been invited to participate in this AMA.

Bifrost and Apron Network entered into strategic cooperation on March 5. Moving forward, Apron Network will help ensure that Bifrost derivative assets are better distributed among on-chain decentralized node services, on-chain data indexing, and other infrastructure services.

After the second phase of MintDrop, [vETH Highlights] described the coins’ participation during the event. The second phase of the coin-powered flight took 118 hours to print 15,000 vETH, and the blocked amount reached $24 million. There were 407 coin addresses in the first round, 174 coin addresses in the second round, and 133 coin addresses in the third round. During the event period, there were 574 addresses involved in three rounds of the vETH minting and holding vETH.

ABOUT BIFROST

Bifrost is the basic protocol for Polkadot Ecological DeFi. Its objective is to create an infrastructure for captive assets to provide liquidity. A derived vToken and Polkadot Parachain Slot (PLO) are introduced for staking. It received $2.15 million in donations from the Web3 Foundation Grant and NGC, SNZ, DFG, CMS, and other institutions.

You can optimize transactions in various scenarios such as vToken, DeFi, DApp, DEX, CEX, realize the pledge rights transfer channel as participation and PLO through vToken, and perform risk protection of pledged assets and expand scenarios such as vToken as collateral for lending. Part of the interesting reward is receiving loans with low interest.

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