Bifrost Has Partnered With Altair Network To Support Altair Kusama Crowdloan Through SALP Protocol
Bifrost will be supporting Altair (Centrifuge) in the second batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.
Centrifuge’s first product, Tinlake, has been live on Ethereum since last year, and has accumulated 30m+ TVL for its real-world asset investment pools. Like Bifrost, the external assets will be a part of significant liquidity flows to the Polkadot & Kusama ecosystem. Bifrost to expand the derivative market by connecting with real-world assets, while accessing significant liquidity from the DeFi ecosystem.
AIR Crowdloan Rewards
In the 2nd batch of bidding, Altair is offering the following rewards for those who vote Altair:
Stake 1 KSM to earn 400 AIR
— Earn 400 AIR : 1 KSM contributed to the Altair crowdloan. With 18% of the supply reserved for crowdloan participants, KSM holders get a huge stake in the Altair network.
About SALP
SALP (Slot Auction Liquidity Protocol) aims to issue derivatives vsKSM for KSM contributors, vsKSM can be used for DeFi applications such as swap and liquidity mining during the KSM bonding period, exchange KSM in AMM at any time. After the parachain lease expires, derivatives can be fully redeemed for KSM in 1:1.
About Altair
Altair is one of the fastest spinning stars in the galaxy, and is also the bridge from Centrifuge to Kusama. You will now be able to tokenize real-world assets and finance them on the Kusama network.
About 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.
About Centrifuge
Centrifuge OS is an open, decentralized platform to connect traditional invoices and token-based assets on the blockchain, specifically the Centrifuge chain. This blockchain will allow businesses to exchange verified business documents (such as invoices) and tokenize those assets for further financing.
