Bifrost is a dedicated Liquid Staking middle layer built on Substrate, powered by Polkadot, providing non-custodial decentralized cross-chain liquid tokens for staked assets.
Presently, Bifrost holds a combined Total Value Locked (TVL) of $90 Million across multiple chains and introduces innovative solutions such as:
In May 2022, Bifrost secured its Polkadot slot auction and successfully onboarded as a Polkadot parachain, operating seamlessly for over a year and a half.
With just six months left in the current parachain lease period, we have launched a new round of crowdloans to secure Parachain Auction #61.
Contribute 1 DOT ~> Get 8 $BNC
This auction round extends an open invitation to all Bifrost and Polkadot supporters: For every 1 DOT contributed to the crowdloan, participants will receive 8 BNC, UNTIL SOFT-CAP (30K DOT) IS REACHED!
The Soft Cap is 30,000 DOT.
This means that only the first 30,000 DOT contributed will be eligible for BNC rewards in this crowdloan. Upon surpassing this threshold, any additional DOT contributed won’t qualify for BNC rewards.
The Hard Cap is 300,000 DOT.
Once the allocated DOT hit the Hard Cap, the crowdloan will end.
Users can contribute to the Bifrost Crowdloan through different means. These include:
The BNC rewards for participating in the crowdloan will be unlocked linearly over a year.
Users can access the vested BNC by clicking “unlock vesting” on the Dapp.
Crowdloan is a block space leasing mechanism introduced by Polkadot.
Parachain projects lease block space on Polkadot, represented as slots, by locking up DOT. These DOT can be crowdloaned from the community through crowdloans with rewards for users guaranteed by the project.
Gavin Wood has proposed a more flexible block space trading method called Polkadot 2.0. Until its implementation, Polkadot will continue to use the slot auction system.
