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