Bifrost will incorporate Wasm contract features into the Patract Open Platform
Since Patract officially launched the Wasm Contract Open Platform in March 2021, more than ten high-quality projects have joined as founding members, including Acala, Litentry, and Plasm. The platform aims to build a skilled and strong partnership for Wasm contract technologies by bringing together high-quality ventures, media, and investment institutions in the Polkadot ecosystem to address public technological issues and innovation aspects in order to facilitate the advancement of the Wasm contract ecosystem.
Quotes from Bifrost
“The Ask! contract programming language developed by Patract for the Polkadot ecosystem and a series of Wasm contract development tools are very practical for blockchain developers. As a parachain developed based on Substrate that synthesizes derivatives for staking assets, Bifrost is also planning to launch the Wasm contract function with our special advantages, which will provide richer and more flexible application scenarios for many assets and derivatives on the Bifrost parachain (BNC, vToken, vsToken, vsBond, etc.), the professional tools and technical support provided by Patract gives Bifrost friendly support and help in Wasm smart contracts.” — Lurpis, Co Founder of Bifrost
Quotes from Patract
“Bifrost focuses on solving the problem of the liquidity of pledged assets. Through the issuance of asset derivatives, users can exchange PoS currencies into vTokens at any time based on the Bifrost parachain through the agreement, effectively realizing risk hedging and maximizing returns. Bifrost can not only rely on its own advantages, but also use the characteristics of Wasm contract functions to more efficiently and conveniently adapt all pledged assets on the Bifrost chain, so that Bifrost can obtain sufficient liquidity under the cross-chain characteristics of assets, and build a strong and powerful cross-chain DeFi platform. ” — Lipeng Yue, Founder of Patract
About Patract
In the Polkadot Wasm smart contract ecosystem, Patract offers solutions for creating parachain and DApps. We help the community design and build contract chain modules and runtime support, and we offer DApp developers a comprehensive set of tools and services for the creation, testing, debugging, deployment, tracking, vendor, data, and front-end development.
