Bifrost Polkadot Crowdloan Reserve is LIVE!
Bifrost then deployed the SALP protocol on the chain, went live and integrated the cross-chain message XCM, supporting the demand for slot bidding for subsequent projects in a decentralized manner for the first time. At the same time, the HRMP channel was opened with other parachains to open cross-chain interaction and further expand its business.
Crowdloan Reserve
Bifrost will open reservations today, April 7, and DOT holders can reserve in advance by subscribing to the Bifrost Polkadot Crowdloan website and entering their Polkadot address. As with the Kusama slot auction, users will be able to contribute for the Bifrost Crowdloan via both SALP and Polkadot js. Reserve website: https://crowdloan.bifrost.app/
Bifrost will announce the official auction time by email before the end of the reservation according to the progress of slot auction. Partners can make an reserve for this auction as soon as possible. Welcome to Bifrost Polkadot Crowdloan for the first time. In the future, after successfully bidding for Polkadot parachain slots, Bifrost will migrate from Kusama to Polkadot to develop the ecology and explore cross-chain applications with more Polkadot parachains.
About Bifrost
Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. By leveraging on the cross-chain message (XCM) it can provide cross-chain liquid staking services for multiple chains.
Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot. Furthermore, by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, our protocol lowers users’ staking threshold, increases multi-chain staking ratio, and improves the ecosystems application interest base, by creating a three-way positive cycle for the StakeFi ecosystem by empowering users, multi-chains, and ecosystem applications.
