Kusama Crowdloan’s first liquidity release scenario vsKSM/KSM Trading is coming

Since the launch of the Bifrost SALP module, vsKSM has supported 8 projects in the Kusama Parachain auction, of which Bifrost , Basilisk , Kintsugi BTC , Picasso , Parallel Heiko and Altair have closed Crowdloan and successfully won slots. Quartz and Country Pioneer are in the running and can participate in vsKSM minting via the bifrost.app

According to Bifrost Parachain data, vsKSM has accumulated 135,533.1816 vsKSM in total mintages and reached a TVL of approximately $60 million .

vsKSM SWAP

Bifrost has partnered with the Zenlink team to adopt and integrate the Zenlink DEX module , and as a result, the assets supported by Bifrost will also be open for Swap Pair in dex.zenlink.pro.

Substrate, as a composable blockchain development framework, brings great convenience to the ecology. Bifrost reached in-depth cooperation with the Zenlink team and adopted and integrated the Zenlink DEX module. Therefore, the assets supported by Bifrost will also open Swap Pair in dex.zenlink.pro

The vsKSM-KSM Bootstrap will end on 6 November at 11 AM UTC (Bifrost block height 704,500 ). At that time, the vsKSM-KSM will be open for redemption and vsKSM holders can realize the liquidity release of the Kusama slot bid via Zenlink.

Also, as a liquidity provider, you will be rewarded with a generous $ZLK & $BNC , please see # 活动合集 | 流动性挖矿活动教程

vsKSM Lightning Redemption Open

What is Lighting Redeem?

Lighting Redeem is the first Liquidity release scenario for users participating in the Bifrost vsKSM Mint Drop. Users with vsKSM & vsBond-Bifrost can Redeem KSM at a fixed 10% discount via the bifrost.app-vCrowldoan-Redeem module, for a total of 5614.72 KSM (136,816.20 KSM*5%) on a first-come, first-served basis. At the same time as Redeem, the user’s vsKSM + vsBond-Bifrost will be destroyed.

Liquidity Exchange Rules

The Lighting Redeem Pool will be opened at 1PM UTC on November 6 , (Bifrost block height 704,500), and will release 30 KSM to the Redeem Pool every 7,200 blocks (approximately 24 hours) for vsKSM => One-way exchange of KSM’s liquidity will be released for 180 days in total.

NOTE: The pool is only open to users with vsKSM+vsBond (BNC).

vsKSM Farming Season

The Bifrost community was enthusiastic as bifrost.app opened up the Kintsugi BTC and Parallel Heiko’s Early-bird Farming event for Kusama’s second batch of slots for bidding.

This time, we will open up 6 vsKSM Early-bird Farming Pools from Basilisk , Bifrost, Picasso , Bit.Country , Quartz by Unique and Altair , as follows.

Farming Pools will be opened in the order shown in the table, at a rate of 1,850 blocks (approximately 8 hours). The first Basilisk Farming Pool will be launched on 6 November at 1 PM UTC (Bifrost block height 704,500), so look out for it.

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