Litentry Crowdloan Has Collaborated With Bifrost
Litentry Crowdloan has collaborated with Bifrost to bring Liquidity DOT Derivatives.
Litentry Crowdloan is partnering with Bifrost, a parachain network that provides liquidity for staking tokens.
Bifrost will provide Litentry corwdloan contributors with liquidity DOT derivatives (vsDOT & vsBond) and launch an extra Reward Farming Pool (6,400 BNC + 35,000 LIT) for DOTs contributing through Bifrost!
— Users can contribute to Litentry through Bifrost, getting liquidity derivatives vsDOT & vsBond-LIT for each DOT staked to hedge against the 96-week DOT locking period. The contribution features on Bifrost will open before the auction starts.
— vsDOT & vsBond-LIT holders can join Derivatives Farming and share a reward pool of 6,400 BNC and 35,000 LIT. Farming will start before the parachain auction (Nov 11th) and last for 7 days. All rewards will be distributed linearly during this period.
About Litentry
Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.
About Bitfrost
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked 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.
