ZENLINK SLOTVAULT IS NOW INTEGRATED WITH THE BIFROST SALP PROTOCOL, ALLOWING PARTICIPANTS TO ACCESS CROWDLOAN LIQUIDITY
The Bifrost SALP protocol has integrated with the Zenlink SlotVault DApp, giving users the opportunity to discharge crowdloan liquidity.
Zenlink SlotVault has enabled the option of donating through SALP for Altair and Kintsugi crowdloans, according to the current support of the Bifrost SALP protocol. Users can donate to Altair and Kintsugi crowdloans by selecting the “Advanced mode” option in Zenlink SlotVault; after contributing to the above two projects, users will get the appropriate vsKSM and vsBond derivatives (1 KSM=1 vsKSM + 1 vsBond) and release their liquidity.
This also means that users can get a variety of benefits, such as parachain token incentives and ZLK additional incentives, as well as release their KSM/DOT liquidity locked in crowdloan by generating derivatives, lowering the opportunity cost and maximizing the benefits of participating in parachain crowdloan.
Simultaneously, the Zenlink SlotVault mobile wallet APP is now available on imToken and MathWallet. Switching to the Kusama network, searching for Zenlink SlotVault, accessing the DApp, and participating in parachain crowdloan may all be done using the wallet APP.
Zenlink DEX Module will be incorporated into the Bifrost parachain in the future to provide DEX functionality for users, as well as the initial launch of vKSM/KSM trading pairs, allowing users to complete the Contribute-Swap (crowdloan bonding-trading) process in one place.
The combination of Zenlink SlotVault with the Bifrost SALP protocol has resulted in a unique mining technique that combines PLO and SALP derivative mining, providing users with many benefits.
About Zenlink SlotVault
SlotVault is a decentralized PLO support application developed by Zenlink in conjunction with the Polkadot parachain slot auction, with the goal of assisting Zenlink partners in bidding on parachain slots. Users that engage in PLO via SlotVault will earn two token incentives: one from the parachain initiatives and the other from Zenlink.
About Bifrost SALP
During the KSM bonding period, SALP (Slot Auction Liquidity Protocol) intends to issue derivatives vsKSM for KSM contributors. vsKSM may be utilized for DeFi applications such as swap and liquidity mining, and KSM can be exchanged for AMM at any moment. Derivatives can be fully redeemed for KSM in 1:1 peg when the parachain lease expires.