Bifrost Council & Tech Committee is now established | Weekly Report 67

Introduction

Bifrost has released v0.8.4, which will support bi-directional asset cross-chaining between Kusama and Bifrost, with KSM being interchangeable between the Bifrost and Kusama networks. The Flexible Fee logic will also allow KSM to be used as an on-chain fee when no BNC is present in the address. This release will also support cross-chaining of assets between the Karura (Acala Advance Network) and Bifrost networks. Two-way interchange of KSM is supported in this release and will be supported for BNC/kUSD/KAR in subsequent releases.

Development

Bifrost Dapp & Dashboard

  • SALP external interface documentation update

  • Dapp v0.9.0 front-end progress synchronization

  • Discourse forum style optimisation

  • Council & Tech Committee established

  • Moda process break and clearing window testing optimised.

  • Salp front-end interfacing testing.

  • Asset refresh optimisation and first screen optimisation.

  • v0.9.0 Interactive test cases vCrowdloan Partial test fixes

  • bifrost.js upgrade 0.8.4

  • Polkwallet non-native asset transfer plugin development

  • Fix coming soon page style

  • Fix Account bar bug

  • Work with Kusama and Karura cross-chain asset

  • Adjusted transaction clearing pre logic

  • Balance data updated automatically after successful transfer, cross-chain transfer support for xTokens

  • Settlement with KSM valuation fee

  • Settlement confirmation validation and optimization

  • Optimize request logic to avoid request errors

  • Optimization of listening to user assets and asset updates

  • Dashboard style optimisation and type update

  • Separate testing of transaction signature and delivery

Bifrost Node & Runtime

  • Treasury burn mechanism adjustment

  • Asgard CC4 upgraded to polkadot-v0.9.9

  • SALP pallet code review

  • release v0.9.0-audit version

  • Build 0.8.4 to support Relay & Parallel Chain cross-chain transfers

  • Cross-chain Contribute stress test via UMP

  • Kusama on-chain parameter alignment test environment

  • salp-confirm-service testing & fixing

  • support about account transfer balancemigration

  • code review & revamp salp with withdraw/redeem/refund locally

  • revamp dmp transfer fee

  • refact parachain collator to reduce redundency

  • revamp parachain collator without compact proof for the test as workround

  • support about how to construct ump contribution

  • fix salp rpc with NumberOrHex

  • Karura coupling xToken KSM cross-chain transfers

Ecosystem

  • From 31 August to 2 September, Bifrost has partnered with Manta Network Canary Network Calamari, Centrifuge Canary Network Altair and HydraDX Canary Network Basilisk respectively. Bifrost SALP will offer its slot bidding service through XCM ump transact decentralisation.

  • On September 2nd, Bifrost co-founder Lurpis was invited to participate in the AMA hosted by Subquery, stating that as parachain bidding becomes normalized, the interoperability between chains will gradually manifest itself, the upgrade of Polkadot’s cross-chain messaging protocol XCM will open up more functions, and more business combinations will drive more projects to bid on parachains, creating a positive snowball effect.

  • On 2 September, Bifrost Product Manager was invited to participate in the Kusama Demo Day, hosted by Equilibrium and Genshiro, to learn how Bifrost is advancing liquidity in Parachain auctions through Slides?

  • On 2 September, Mathwallet has supported Bifrost Nework and BNC holders can add their personal address on the MathWallet app to check their BNC balance: https://mathwallet.org/zh-cn/

  • On 3 September, Bifrost was a guest on Acala Live Community Live to explain the latest news about the future of Bifrost’s native assets going live on Karura SWAP and how the Bifrost SALP protocol will help partners during the second round of parachain slot bidding


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 Builder’s Program and Web3.0 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.

Learn more about Bifrost

Website | GitHub | Telegram | Medium | Twitter | Discord | SubSocial

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain... Learn More

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