Bifrost announces strategic partnership with MathWallet
MathWallet, an early evangelist of the Polkadot ecosystem, has already launched a number of wallet apps that support Kusama and Polkadot, while Bifrost, the issuer of staking derivative assets for the Polkadot ecosystem, will enter into a deep partnership with MathWallet to combine derivative liquidity and various DeFi apps to promote The Polkadot and Bifrost ecosystem will continue to develop in a positive way.
MathWallet now supports the Bifrost Kusama Parachain Slot Auction, providing users with a convenient entry point for staking and access to liquid derivatives vsKSM and vsBond by interfacing with the Bifrost vsKSM Mint Drop application. MathWallet will also support the minting, swap and redemption of Bifrost derivatives in the future, providing users with a one-stop experience in using the products.
Bifrost will also be working in depth in the future with MathChain, a Layer 2 Parachain based on Substrate, which is an important part of MATH’s efforts to build a multi-chain, cross-chain Asset Hub. The two companies will later expand the derivatives market to Layer 2 and EVM compatible chains, bringing multi-chain assets to the Polkadot ecosystem.
MathWallet is a multi-platform (mobile/desktop/hardware) universal crypto wallet that enables token storage of 60+ chains including BTC, ETH, Polkadot, Filecoin, EOS, Solana, BinanceChain, Cosmos etc, supports cross-chain token exchange, multi-chain dApp store and operates nodes for POS chain. Our investors includes Fenbushi Capital, Alameda Research, Binance Labs, FundamentalLabs, Multicoin Capital, NGC Ventures. Visit mathwallet.org for more information.
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What is Bifrost?
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. Bifrost launched derivatives vToken for Staking and Polkadot Parachain Slot (Crowdloan). 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.
vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and Crowdloan through vToken, realize the risk hedging of pledge assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.
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