The Bifrost SALP and DEX Modules will be available for public beta testing in Asgard CC4

Bifrost is currently building two protocols, SLP and SALP, that will enable fully decentralized derivatives minting via Kusama/Polkadot XCMP, with SALP being the first to go live following Bifrost’s successful bid for the Kusama parachain, according to the roadmap. At the same time, Zenlink will install the DEX module on Bifrost, enabling it to trade derivatives such as vToken, vsToken, BNC, and other assets via Bifrost DEX. The Bifrost Kusama parachain slot is currently undergoing internal testing and will be available for public testing on the Asgard CC4 testnet soon.

Bifrost Kusama Parachain Slots are now available for bidding, and a slot sprint incentive program will be launched soon, in which all users who participate in the Bifrost Kusama slot auction (Crowdloan or vsKSM Mint Drop) will receive a sprint incentive. Click HERE to learn more about the rewards and rules of the Bifrost Kusama Slot Auction.

About Bifrost

The Polkadot Ecological DeFi fundamental protocol is Bifrost. It is dedicated to becoming a liquidity infrastructure for pledged assets. Bifrost released the vToken for Staking and Polkadot Parachain Slot variants (Crowdloan). It has raised $2.15 million from the NGC, SNZ, DFG, CMS, and other institutions, as well as a Web3 Foundation Grant. It’s also a part of the Web3 Bootcamp and the Substrate Builders Program.

vToken can enhance transactions in a variety of situations such as DeFi, DApp, DEX, CEX, and realize the transfer medium of pledge rights such as staking and Crowdloan via vToken, realize the risk hedging of pledge assets, and broaden scenarios such as vToken as collateral for lending, where the staking reward part of the interest can be offset to effectively reduce loans.




Blockchain and cryptocurrency enthusiast/ambassador

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Metaverse workshop [blockchain+] innovative technology solution

Smart Contracts

How does KYC blockchain work?

ARPA Monthly Report | December Progress Review

Investing in startups is saving utilities from extinction

Nord Finance and GalaxyFarm Announce a Farming Partnership

Unicly Genesis Blog Post

ETH Fossil Farm and Jurassic Pool is now accepting deposits for ROUTE

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Samson Dogo

Samson Dogo

Blockchain and cryptocurrency enthusiast/ambassador

More from Medium

What is AlpacaVoid (Alpaca City 2.0)

Culturalization In An International Team

Automatically generate captions as Final Cut Pro subtitles

Triggering motorized projector screen with Samsung The Premiere UST Projector