vETH / ETH zenlink opens 24-hour liquidity exceeding US $10 million | weekly report 73

Development

Bifrost Dapp

  • vsBond Market online
  • 0.9.12 vsBond market upgrade Bifrost.JS adaptation
  • Supplementary information of Kusama Zeitgeist project
  • New TVL curve & DEX module card in dashboard
  • KAR opens the Cross-in/out function entrance
  • Roadmap content update
  • vsBond price curve access
  • ZLK single currency farming online
  • LP Token Farming style optimization and congener merging
  • New content Sinicization
  • UI design of node switching function
  • UI design of vsDOT Redeem module
  • Front end copy supplement of KUSD activity
  • Pontem front-end whitelist docking
  • TVL script (vETH section)

Bifrost active page

  • Active page URL modification
  • Active page Banner copywriting adjustment

Bifrost Runtime

  • vsBond auction problem fixed
  • Expand the capacity of the Liquidity Mining pool
  • Preliminary preparation of Liquidity Mining V2
  • Bifrost binary optimization
  • Integration test case repair & cross-chain case supplement
  • Repair of the accuracy of currencies
  • Transfer fee adjustment
  • Integration of snowfork bridge into Asgard test network
  • Runtime 0.9.10 upgrade
  • Runtime 0.9.12 upgrade
  • Runtime 0.9.13 upgrade
  • Subsocial Fund successfully motion
  • ZLK & BNC farming pool phase II opening motion
  • Statemine cross-chain progress follow-up

Bifrost Service

  • SALP reward distribution API (contributed scheme)
  • vsDOT proxy attribute routine check
  • Overall development of Last Winner Service

Ecosystem

On December 9, Bifrost’s runtime was upgraded to the version v0.9.12. This upgrade mainly includes the launch of vsBond in the market. Users can choose to buy/sell vsBond at any time to capture liquidity. The completed vsBond transaction can be achieved in the vCrowdloan market by Bifrost App and uses KSM to finish the settlement. For more upgrades, please see the article: 19 referendum proposal | Bifrost main network v0.9.12 version upgrade, online vsBond market: https://mp.weixin.qq.com/s/0HVVaySeucTBw0lKIxJXdg

On December 10, following the launch of Anyswap, supporting the two-way cross chain between Ethereum and Moonriver, vETH started to provide vETH / ETH bootstrap liquidity in Zenlink. In the afternoon of December 12, vETH and ETH reached the target block by 643.97% and 461.86%, respectively, and then held vETH / ETH farming activities. At present, Vth / eth has opened Swap on Zenlink: Zenlink

On December 7, Bifrost has invited Darwinia to participate in Crowdcast sharing. Besides sharing their Crowdloan rules, Darwinia has also shared some progress of the current project and introduced to the audience how to verify cross-chain transactions in a trustless way.
AMA recap : SALP on Polkadot Parachain - Darwinia Crowdloan - Crowdcast

On December 8, the third phase of the Bifrost community call was held. Bifrost PM & Tyrone, as sharing guests, introduced the adjustment of handling charges and the current use and operation of the whole Bifrost DAPP to friends in the community. At the same time, Tyrone also gave Bifrost’s short-term roadmap in the last month : Bifrost Community Call - December 8, 2021 - Crowdcast

On December 10, Enfinity, an infrastructure opened for Metaverse, was invited to participate in Bifrost Crowdcast. Witek Radomski, the co-founder of Enjin, shared the plans related to Enjin Crowdloan and VR-Ingame-Shop with the audience. * SALP on Polkadot Parachain -Efinity Crowdloan - Crowdcast

What is Bifrost?

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked 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.

vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of stake rights such as staking and Crowdloan through vToken, realize the risk hedging of stake assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.

Learn more about Bifrost

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