Bifrost Runtime Upgrade v0.8.2, vsKSM, vsBond Distribution Completed | Weekly Report 65
Bifrost has successfully minted 112,303 vsKSM and vsBond in the Kusama slot auction via SALP, for a total of 45,190 holding addresses. Following the completion of Phase 0 after August 13, Bifrost completed the on-chain upgrade of Runtime v0.8.2 on August 18. As of today vsKSM and vsBond have been distributed on-chain and the vsKSM and vsBond balances are available in the Bifrost Block Browser or Bifrost Dapp.
Runtime v0.8.2 Update Log
This Runtime version is a forkless on-chain upgrade via Sudo, it includes:
The Asset module adds KSM, vsKSM, vsBOND and LP Token; and includes the logic to interchange Bifrost & Zenlink’s AssetID format. This upgrade does not include transfer function.
vsKSM & vsBond
Complete vsKSM & vsBOND distribution for the 45,190 addresses that have participated in the Bifrost vsKSM Mint Drop. vsKSM & vsBond transfers will be enabled in Runtime v0.8.3.
The Council & Treasury modules will be enabled in the next Runtime release of Bifrost (v0.8.3) and the Flexible fee module will be live at the same time. KSM will be used as the on-chain processing fee until BNC is enabled for Transfer (when BNC is present in the address, BNC is preferred) and vsKSM & vsBond Transfer will be enabled at the same time.
Farming module, single test / integration / documentation / flow chart
vsToken/vsBond batch script
salp revamp with multisig account to confirm
Enable xcm transfer in bifrost runtime
Test ump transfer & flag the xcm api interface for frontend
salp revamp about seperating xcm fee from contribution extrinsics
Enable governance & council in bifrost runtime
Enable treasury & bounties in bifrost runtime
Some discussion with team about the implementation of salp multisig confirmation service
Remove the previous fee hack in relaychain and test the whole salp&xcm flow
Discussion about change the threshold value of umpServiceWeight & new proposal of public referenda
salp revamp with proxy based solution
Complete the salp-confirm-service docker-compose setup, and the code for the two subql
Test SALP operations on relay and parachains event
Refine the configuration of orml weights
Support xtokens assets
Upgrade flexible-Fee pallet
add vesting set function & benchmark
xtokens minimum amount
Cross-Chain Integration and Tuning with Karura Assets
Bifrost v0.8.2 runtime generation & testing & release & upgrade
Bifrost Dapp & Dashboard
Parachain to relay chain assets cross-chaining each other
Universal clearing pop-up window supports relay chain interchange
salp auction API data docking
salp farming module front-end API function development
Bifrost.js with runtime upgrade
Polkwallet multi-currency support
Add balance prompt
Fix the bug that the input amount is kept
KSM transfer fee issue
Minimum transfer limit for cross-chain asset collation and storage
No response to transfer without commission deduction
There is a new page flip component design, which can be updated to a new page flip component when it is needed
Pop-up progress bar display for cross-chain transfers in and out
When there is no asset transfer in the relay chain, the input box will be prompted
Page flip component optimization
Update subscan external link format
Progress bar update for cross-chain assets
Optimize flexible fee
Add dropdown address when you need to enter address
Mainnet style, hidden account after polkadot.js unified logo
Load performance optimization of Account component
On August 16, Bifrost participated in CoinAsk’s first online forum AMA Parachain Bidding Liquidity Protocol SALP, introducing the usage scenarios of SALP and the future vsKSM mining mechanism in a Q&A session, details. https://www.coinask.io/post/324
On August 19, Bifrost Product Manager Tyrone participated in an online AMA hosted by AToken: How Parachain Auctions Unleash staked Liquidity. You can hedge the opportunity cost by exchanging derivatives and mining without waiting for the 48-week lock-in period.
On August 20, Bifrost launched the third phase of its ambassador recruitment program, which will begin with the recruitment of ambassadors overseas. Anyone interested in the Stakign derivatives track is very welcome to actively apply. Details: https://bifrost-finance.medium.com/2dd6b63611fb
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