Bifrost Auction Leading Reward Plan, rewards boost up to 250%

After Bifrost launched the “Parachain Auction Sprint Program”, the double bidding rewards and 5.5% referral rewards attracted 20,000+ KSM votes in just 6 days.

As the Kusama Auction 4 is imminent, Bifrost is now in the leading position of the 4th auction Crowdloan, and the official auction will start on July 6th, 2021, 12:00 GMT.

Check Kusama parachain auction full schedule: https://kusama.network/auctions/

In order to expand the lead, Bifrost team decided to launch a leading gradient reward strategy with a maximum increase of 250% reward boosting. The reward details are as follows:

When Bifrost is in the lead and surpasses the next bid candidate by a certain number, all Bifrost supporters can receive additional bonuses.

Check the real-time bidding ranking:https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fkusama.elara.patract.io#/parachains/crowdloan

In terms of Crowdloan, Bifrost facilitates users to participate in voting through multiple channels.

1. Bifrost official participation channel: vsKSM Mint Drop

The vsKSM Mint Drop participation page integrates Bifrost’s original parachain bonding liquidity protocol SALP. Participate in voting to obtain vsKSM and vsBond derivatives, which can be used to unlock liquidity during the bonding period.

Participating address: https://ksm.vtoken.io/

Check the minting tutorial here: https://www.youtube.com/watch?v=O1CTi9G2S60

2. Kusama official parachain Crowdloan

Bifrost will create Bifrost-Kusama-Crowdloan before 2021–6–15, and users can participate directly through the Kusama relay chain.

Participating address: https://polkadot.js.org/apps/#/parachains/crowdloan

3. Multi-participation channels

Bifrost has already reached Crowdloan support channel cooperation with many project parties, wallets and decentralized exchanges.

Decentralized wallet: Bifrost cooperated with Fearless Wallet, Math Wallet, etc. to support Bifrost parachain auctions on the mobile side.

Centralized exchange: Kraken / OKEx / Kucoin / MXC / Gate will support Bifrost Parachain Crowdloan.

vsKSM Mint Drop has aggregated all participating channels: https://ksm.vtoken.io/

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged 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 pledge rights such as staking and Crowdloan through vToken, realize the risk hedging of pledge 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.

Website | Github | Telegram | Medium | Twitter | Discord

Source: https://medium.com/bifrost-finance/bifrost-auction-leading-reward-plan-rewards-boost-up-to-250-10a90da42320?source=rss——-8—————–cryptocurrency