Polkadot & Kusama ecosystem projects directory
Polkadot & Kusama ecosystem projects directory

Bifrost Polkadot

Bridge
DeFi
SmartContracts
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Bifrost developed a Staking Liquidity Protocol called SLP that allows you to get vTokens for operations and delivering liquidity, plus you got staking rewards for your DOT, KSM, EOS or other token that is otherwise locked by the Staking Mechanism. You get reward from the Day 1 of nomination, without locking periods and can change your, for example, vKSM for KSM any time. BNC is the native token of Bifrost. vToken can optimize transactions in multiple scenarios such as DeFi, Dapp, DEX, etc. When vToken is used as a collateral for lending, its staking income can offset part of the interest and realize low-interest borrowing. With vToken you can hedge the risk of locked positions, DeFi & Staking double rewards and leverage Staking and other application scenarios.

Bifrost also developed a Slot Auction Liquidity Protocol to release Liquidity for Crowdloan Contributions, called SALP. It is a protocol to release liquidity from locked DOT/KSM positions in parachain auctions by issuing derivative assets anchored to locked assets. For crowdloan participants, SALP offers the opportunity to participate in Crowdloans without lockup, and to receive the reward of bidding on backed projects without losing staked DOT/KSM liquidity.

The Bifrost Mainnet will migrate from Kusama to Polkadot and there will only be one Bifrost Token BNC.

Relative Project:   Bifrost Kusama  Bifrost Kusama
Tokens:  BNC  
W3F Grants:
Status
Announced
Testing
In Auction On Polkadot
Auction
polkadot
Polkadot
 Has mainnet  
Developer Activity
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Primary Token:
Price:
$3.45
Total Supply:
80 000 000
Circulating Supply:
10 146 000
Market Cap:
$34 941 565
Trading Vol 24:
$630 685
Crowdloan Reward Pool:
10 800 000 (13.5% of Total Supply)
BNC Distribution