foreword
first level title142,430.9241 KSMforewordAt 16:17 on July 20th, Beijing time, the auction of the first batch of Kusama parachain slots has come to an end.
Derivatives liquidity on vsKSM.
Next, Bifrost will soon begin the module deployment after accessing the parachain, complete the code audit of the SWAP module and the distribution of BNC rewards and vsToken liquidity derivatives. At the end of the article, Bifrost’s recent plans after the successful slot auction are listed . This article will take you through the Bifrost Kusama parachain auction from beginning to end.
“We are building bleeding - edge, experimental technology, which means there are no promises about what Kusama will do or how it will work – expect a lot of chaos (and a little fun).” ————Gavin Wood
SALP
first level titleChaos eve。
Following vToken's successful provision of ETH 2.0's Staking liquidity through the SLP protocol, Bifrost released the first liquidity release solution SALP for Kusama parachain pledge lockup on April 21. Up to now, some Polkadot ecological project parties have communicated and discussed the cooperation of SALP to provide liquidity. Bifrost will work together in the future
Empower other ecological projects to bid for slots through SALP43,720Appointment stage
On May 12th, 34 days before the official auction of the Kusama parachain, the vsKSM Mint Drop reservation event started the first shot of the Bifrost slot auction. About ⅓ Kusama addresses participated in the Bifrost reservation activity, totaling9,address, minted 445.41 vsKSM. CHUNGE, POCKET and CL6217, as the top three invitation codes filled in the most, were used 1,792, 1,482 and 779 times in the reservation activities respectively.The rewards for minting coins and inviting friends during the reservation stage are also called guaranteed rewards. There are a total of
Bifrost Dapp：https://apps.vtoken.io
732.0701 BNCs196,096 From May 12th to June 10th, Bifrost KSM slot auction reservation stage for nearly a month. Judging from the data browsing of minting https://ksm.vtoken.io web page, the number of page views during the reservation activity has reached
person-times. A total of 63,000 people browsed the event, and 61,000 new users accounted for 96.83%. There are also many overseas friends who make personal invitation codes or videos on Youtube, Twitter, and Telegram to introduce and invite more friends to participate.
first level titleChaos in progressOn June 10, Bifrost held an online
New Paradigm of DeFi - Bifrost Kusama Parachain Auction Conference2,. At the meeting, MathWallet, Zenlink, Patract, and PolkaWorld, which are also Polkadot ecological cooperation projects, were invited to discuss the future of Polkadot ecological composability. In addition, Wang Qinwen, the head of the Chinese community of the Web3 Foundation, a member of the Polkadot Network Council, and Cao Yin, the managing director of the Digital Renaissance Foundation, expressed their wonderful views on Polkadot smart contracts and the Kusama slot auction competition.At the end of the press conference, Bifrost co-founder Lurpis announced the detailed rules of the Bifrost Kusama slot auction and the opening of the official whitelist auction. After 24 hours of activation, there are more than50,000 pieces。
vsKSM was successfully minted. At the same time, Bifrost also airdropped a total of
000 BNCs
official stage112,303.1704At 22:00 on June 14th, Beijing time, Bifrost Kusama Crowdloan was officially launched (parachain ID 2001). Bifrost uses the mainnet (not Canary Network) to start the auction. In addition, many platforms have opened voting channels for Kusama slot auctions. Bifrost has also reached cooperation with Ouyi, Kraken, Fearless, Nutbox, Gate, MXC, and TokenPocket, imToken, and MathWallet that support vsKSM Mint Drop. . In addition, RMRK, the NFT agreement, also helps Bifrost slot auctions by distributing limited NFTs.18,754.1283Bifrost received a total of 142,430.9241 KSM votes in this event. Among them, the number of voting KSM from vsKSM Mint Drop is1,600.3356A total of 45,969 addresses. Correspondingly, the same amount of vsKSM and vsBond were successfully generated. The number of KSMs voting directly to Kusama Crowdloan is5,028KSM, a total of 938 addresses; the number of voting KSM from Ouyi is2304.4076A total of 282 addresses participated in the voting; the number of Nutbox voting KSM is785.13, a total of 10 addresses; the number of Kraken votes is1591KSM; the number of Fearless voting KSM is
KSM, a total of 108 addresses; Matcha’s vote is3.008KSM; the number of Gate.io votes is 64.7525 KSM, a total of 43 addresses.
During the entire auction process, a total of about 47,350 addresses (including reserved addresses) participated in the auction and voted, and each address minted coins on average
KSMs. Bifrost will launch BNC reward details query in the Bifrost Dapp in the near future and issue BNC rewards for bidding.25,306200% Bonus Up & Asgard Heroes
In the bidding sprint stage, in order to encourage more participants to actively vote for KSM, Bifrost also carried out some incentive activities. On June 30, the reward will be raised to 200%. This event opens double bidding rewards for all voting addresses. The rewards have been increased from 1 KSM : 11+ BNC to 1 KSM : 22+ BNC, and the invitation rewards have increased to 5.5%. From the start of the activity on July 8 to the end of the auction, a total ofKSM was voted to Bifrost.On July 6, Bifrost announced22,707Gradient Leading Incentive Program
. The campaign aims to incentivize minters to help Bifrost close the KSM voting gap with the latter candidate. When Bifrost is the first candidate and leads the second candidate by a certain amount, all supporters who participate in Bifrost slot auctions can get additional rewards. Once the plan was released, a total ofAsgard KSM was voted to Bifrost.On July 8, the auction entered a fierce stage. Based on the Gradient Leading Incentive Program, Bifrost has added
hero reward47,600new way to play. Minting addresses that help Bifrost reach the lead goal will become Asgard heroes. As of the last round of hero voting, the addresses and titles of the top five heroes are:
By the time the candle was extinguished, the event had brought Bifrost a total of
KSM votes.NFT Kanaria ComponentsDuring Bifrost bidding for KSM slots, any user who participates in Bifrost Crowdloan with at least 10 KSM will be able to use the same encrypted address to claim a special
Kanaria components
(Sub NFT), which can be equipped on a Kanaria bird, which will make that Kanaria bird even more rare and special.280,159Currently, more than 10 KSM voting addresses have been submitted to the NFT protocol RMRK, which will design the appearance and skills for Kanaria birds and components. After the design is completed, qualified users can apply for it, and the application rules will be released after the Kanaria component is launched.90,000+During the entire event, the total number of views on the Bifrost minting event page reached
Expecting Chaos
times, unique visitors
. The average daily activity is 1,000 people, reaching 25,000 people in the past 30 days. The top six regions with the most page views are Asia, North America, Europe, and South America, among which users from Asia accounted for more than half of the page views, accounting for 68.89%.After ending this very meaningful Kusama slot auction, Bifrost will also continue to move forward. The next things to do mainly include the following aspects:
Bifrost Dapp：https://apps.vtoken.io
About award distribution:Statistics of BNC reward details, and provide a balance query entry in Bifrost Dapp. And next week, BNC rewards will be distributed to all community partners who voted for Bifrost in the slot auction.
Parallel chain deployment related:Governance:
In terms of ecological cooperation:We will convene members of the POA Council to gradually enable all functions of Bifrost Parachain through on-chain referendums, including removing sudo (super administrator) to achieve a fully decentralized network upgrade, and enabling the transfer function of BNC.
The successful auction of Kusama slot is a milestone for Bifrost. Through this auction, Biforst has the opportunity to enter the Polkadot ecosystem first and fully realize the composability of derivatives. In addition, the bidding process verified the huge advantages of the SALP business and completed the first step in the application of the SALP business. In the future, Bifrost will give full play to its first-mover advantage as a parachain to promote the application and ecological development of derivatives.
What is Bifrost?
What is Bifrost?
vToken can optimize Trading in multiple scenarios such as DeFi, DApp, DEX, CEX, etc., and realize the transfer channel of pledged rights and interests such as Staking and Crowdloan through vToken, realize the risk hedging of pledged assets, and expand scenarios such as when vToken is used as collateral for lending, its Staking income Part of the interest can be offset to achieve low-interest loans.
