Bifrost SALP and DEX Modules Coming to Asgard CC4 for Public Beta Testing | Weekly Report 59
Bifrost is currently launching two protocols, SLP and SALP, which will enable fully decentralized derivatives minting through Kusama/Polkadot XCMP. According to the roadmap, SALP will be the first protocol to go live after Bifrost’s successful bid for the Kusama parachain. At the same time, Zenlink will deploy the DEX module on Bifrost, making Bifrost DEX capable and providing trading capabilities for derivatives vToken, vsToken, BNC and other assets. The Bifrost Kusama Parachain slot is now in internal testing and will soon be deployed on the Asgard CC4 testnet for public testing.
Bifrost Kusama Parachain Slots are up for bid and will soon launch a slot sprint incentive program where all users who participate in the Bifrost Kusama slot auction (Crowdloan or vsKSM Mint Drop) will receive a sprint incentive by visiting ksm.vtoken.io or by clicking this to know rewards and rules of Bifrost Kusama Slot Auction.
SALP module integrates with Bancor algorithm to automatically repurchase or reserve vsToken
SALP code review & process testing, new vsBond Auction functionality Grafana & Prometheus domain configuration
Bifrost parachain collator deployment
Bifrost docker image creation (v0.8.0)
SALP integration testing Setup and process validation (Token exchange vsToken)
Refinement of Bifrost Crowdloan automatic Contribute logic
Launch Bifrost Genesis, synchronize Kusama chain data
Asgard CC4 network set up Zenlink AMM test transaction pool
Add transaction slippage support
Complete testing/upgrade of Bifrost JS
Bifrost Dapp & Dashboard
polkadot.js Asgard CC4 types / logo / color update
Adaptation of updated API, rewrite of custom asset dropdown column
API call issue due to Part of Bifrost type issue
Dapp inline compilation issues
Swap API follow up and testing
Fix Dapp address error, BNC Voucher data display
Add callback function to Dapp transaction process to update local UI or data based on successful or failed transactions
Add Unsubscribe to Swap API to make Token data update automatically and accept data on the chain automatically.
All Swap APIs are docked
vsBond API interfacing
vsKSM Mint Drop
Scrolling Logo spacing is small
The mobile multi-signature pop-up window is not limited in height and cannot be closed.
The overall layout of the mobile end of the head is optimized and can be adapted according to the new design.
The ICON for jumping to other channels on the mobile side is too large
Mobile history table can be adapted to the latest design
Add Chinese text for multi-signature description
KSM Crowdloan history total chart
Mobile scrolling logo overlap at the end of recycle
Address line feed problem
On June 23rd, Bifrost co-founder Lurpis was invited to participate in the 114th edition of the LiChang Community Live to give an in-depth explanation of the latest progress of Kusama Parachain Slot Auction. The live broadcast gave detailed answers from the impact of the general market environment to the competition between project auctions and the way ordinary users can participate, details: https://www.yizhibo.com/l/emRSn5J6yedT5Mqk.html
On June 24, the Bifrost Crowdloan slot bidding video tutorial was also updated on the Bifrost public website, providing a more intuitive understanding of how to participate in the Bifrost Crowdloan KSM voting via the Kusama mainnet from the PC. For every 1 KSM voted or mint, you will receive at least 11 BNC bonus and 5% extra for inviting friends.
On June 25, Bifrost Risk Control Series III: Multi-level risk prevention and control measures for capital security was released. Bifrost has designed corresponding risk control measures from multiple levels and multiple levels, sharing security through parallel chains to ensure the security of the various derivative assets carried.
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.
Learn more about Bifrost