Bifrost will support Calamari Kusama Crowdloan through SALP Protocol

We are pleased that Bifrost will be supporting Calamari in the second batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.

Bifrost x Calamari

As the canary network of Manta, Calamari will be first rolling out Maripay and Mariswap as on-chain privacy products, as it paves the way for privacy as a utility service within the entire Kusama ecosystem. Using zkSNARKs with a focus on DeFi, Calamari Network will open the opportunities for financial tools built on Web 3.0 by offering a layer of decentralized privacy. Bifrost intends to leverage Calamari’s privacy technology to accelerate the development of its own projects including privacy-preserving derivatives.

Calamari will participate in the second batch of Kusama slot auctions as one of the strongest competitors. In an effort to assist in the Calamari crowdloan, Bifrost will partner with Calamari to offer its SALP protocol. Using the SALP protocol, users will be able to join derivatives mining with vsKSM, and receive Bifrost’s native token $BNC as a reward. This is on top of the $KMA rewards that users receive as part of the Calamari crowdloan rewards. Once Calamari wins the auction, the vsKSM will be tradable for swap between KSM and other assets effortlessly.

Calamari Crowdloan Rewards

In the 2nd batch of bidding, Calamari is offering the following rewards for those who vote Calamari:

  • Stake 1 KSM to earn 10,000 KMA

Calamari Token $KMA is distributed with a community-first focus. Up to 30% of the project’s entire supply (3,000,000,000 KMA) is distributed to Crowdloan participants as part of the rewards for helping Calamari Network secure a parachain.

  • 10% Bonus for Frontline Supporters

The first 500 supporters receive a 10% bonus reward of $KMA.

  • 5% Bonus for Early Supporters

Supporters 501 to 1,000 receive a 5% bonus reward of $KMA.

  • 5% Bonus for Referral Fees

Referrers and referred supporters both receive 2.5% bonuses in $KMA.

More information on Calamari Crowdloan rewards can be found at this link: The Calamari Crowdloan on Kusama. Read more about the details of Calamari… | by Manta Network | Jul, 2021 | Medium

Calamari Crowdloan:

What is Calamari

Calamari, Manta Network’s canary-net, is the plug-and-play privacy-preservation parachain built to service the Kusama DeFi world. It combines Kusama and zkSNARKs to bring on-chain privacy to transactions and swaps.