Through the SALP Protocol, Bifrost will facilitate Calamari Kusama Crowdloan

Happy to announce that Bifrost will support Calamari in the second round of Kusama slot auctions using the SALP protocol, freeing the bonded liquidity of its donors.

Calamari & Bifrost
Calamari, as Manta’s canary network, will launch Maripay and Mariswap as on-chain privacy products first, paving the path for privacy as a utility service across the Kusama ecosystem. Calamari Network will open up options for financial solutions based on Web 3.0 by providing a layer of decentralized privacy using zkSNARKs with an emphasis on DeFi.

Calamari’s privacy technology will be used by Bifrost to speed up the development of its own projects, including privacy-preserving derivatives.
Calamari will be one of the stronger contenders in the second round of Kusama slot auctions. Bifrost will collaborate with Calamari to provide its SALP protocol as part of the Calamari crowdloan. Users will be able to participate in derivatives mining using vsKSM and earn Bifrost’s native token $BNC as a reward via the SALP protocol. This is in addition to the $KMA incentives offered as part of the Calamari crowdloan. The vsKSM will be transferable for swapping between KSM and other assets after Calamari wins the auction.

Calamari Crowdloan Rewards

In the 2nd batch of bidding, Calamari is offering the following rewards for those who vote Calamari:

• Stake 1 KSM to earn 10,000 KMA

Calamari Token $KMA is distributed with a focus on the community. As part of the incentives for assisting Calamari Network in securing a parachain, up to 30% of the project’s total supply (3,000,000,000 KMA) is awarded to Crowdloan participants.

• 10% Bonus for Frontline Supporters

The first 500 supporters receive a 10% bonus reward of $KMA.

• 5% Bonus for Early Supporters

Supporters 501 to 1,000 receive a 5% bonus reward of $KMA.

• 5% Bonus for Referral Fees

Referrers and referred supporters both receive 2.5% bonuses in $KMA.

About SALP

SALP (Slot Auction Liquidity Protocol) intends to issue derivatives vsKSM/vsDOT for KSM/DOT parachain contributors. vsKSM/vsDOT may be utilized for DeFi applications like swap and liquidity mining during the KSM/DOT bonding period, and KSM/DOT can be exchanged for AMM at any time. Derivatives can be fully redeemed for KSM/DOT in 1:1 when the parachain lease expires.

About Calamari

Calamari, Manta Network’s canary-net, is the Kusama DeFi world’s plug-and-play privacy-preservation parachain. It uses Kusama and zkSNARKs to give transactions and swaps on-chain anonymity.

Calamari will be the only platform on Kusama that can fulfill user on-chain privacy requirements, improve anti-surveillance, and assure decentralization and interoperability of private tokens.

About Bifrost

Bifrost is the Polkadot Ecological DeFi fundamental protocol and it is dedicated to establishing a liquidity infrastructure for staked 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.