The Asgard CC4 Testnet and the Bifrost Dapp Beta have been released
Bifrost Q1 RoadMap Progress
Bifrost made strong strides in the first quarter of 2021, thanks to the contributions of the team and the help of community partners.
The creation of vETH-related functional modules was completed first. they have done two vETH Mint Drops, one vETH Hold Drop, and three vETH Liquidity Drops with DODO, Loopring, and SakeSwap, respectively, on this basis. vETH has a large number of minted coins, a large number of holders, and strong liquidity as of this writing. The total number of vETH mints is 18,084.25, the total number of addresses owned is 940, and the liquidity depth is $8,005,381.02, according to the details:
Second, Bifrost successfully attached to Rococo v1 on March 13 and is currently checking the parachain. They have finished cross-chain, rollout, bidding, and other arrangements before the parachain goes live officially in Rococo, and are now waiting for the Kusama network to launch, as of this article.
Bifrost also finished developing Asgard CC4 and released it for public testing. They have also almost finished developing the Bifrost Dapp Beta, which is now live on the public network and accessible directly via https://apps.vtoken.io, though some features are still being worked on. An Asgard CC4 Testnet or a local Testnet may be used to test the Bifrost Dapp.
✔️ Mint Drop II
✔️ Rococo v1 Parachain Tesetnet
✔️ Bifrost Asgard CC4 Testnet
✔️ Bifrost Dapp Beta
✔️ Bifrost POA Development
Ongoing — Bifrost Kusama Parachain Auction Dapp
Bifrost is adhering to the existing Roadmap and iterating to meet their objectives. They are on target to meet the broader objective of delivering liquidity to 80% of the PoS Network as each small goal is completed.
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot (PLO). 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.