#8 Referendum proposal: Enable Swap module and kUSD transfer

Summary

In the last version of the Runtime upgrade, Bifrost opened the SALP Farming module for the first time, providing the first Crowdloan mining scenario for the 10th and 11th slot bidders Kintsugi and Parallel. During the 7-day mining process, a total of 2,040 users visited bifrost.app/vcrowdloan 22,065 times, accounting for 57.71% of the total 30-day visits; the total mining deposit amount reached the highest 4,728.81 KSM, and the average APY was 234.4%.

Project Highest Depositing Amount (vsKSM+vsBond) Average APY (not include BNC) Total Rewards Duration
Kintsugi 2,939.49 177.39% 100 KSM + 1500 BNC 7 days
Parallel 1,789.32 291.41% 100 KSM + 1500 BNC 7 days

v0.9.2

The v0.9.2 version upgrade mainly includes the launch of

  • Swap module
  • kUSD Transfer

In addition, it also supports the issuance function of Zenlink’s native Token ZLK (non-transfer). Users who have participated in Zenlink activities will receive corresponding rewards in the near future. For more ZLK reward questions, please visit Zenlink official.

Proposal

  • :raising_hand_man: Voting Period: #556,734
  • :rocket: Activate Period: #556,884
  • Execution:
    • Upgrade v0.9.2
parachainSystem.authorizeUpgrade('0x86f09a95662a4663ccabddab4e9ffa132f764447b4120e6fa857e30b373170eb')
  • Proposal preimage:
0x481519611ac6504f581d9d665d6fff36e60f0e4e016813cb67c3099c280a6da2
  • Proposal hash:
0x481519611ac6504f581d9d665d6fff36e60f0e4e016813cb67c3099c280a6da2

Next Step

In the next upgrade, Bifrost will initiate the v0.9.3 upgrade proposal, opening Bifrost’s native Token: BNC’s transfer function for the first time.

At that time, BNC in the Vesting state will begin to be linearly unlocked; Free Balance state can be transferred. At the same time, BNC can execute a two-way cross-chain between Bifrost and Karura, participate in DeFi activities such as Bootstrap and Liquidity Mining. Please stay tuned for more details.

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