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Zenlink SlotVault Integrated with Bifrost SALP Protocol, Releasing Crowdloan Liquidity for…

Published date: September 17 2021

Zenlink SlotVault Integrated with Bifrost SALP Protocol, Releasing Crowdloan Liquidity for Participants

Today we are pleased to announce that Zenlink SlotVault DApp is officially integrated with the Bifrost SALP protocol, providing users with the option to release the crowdloan liquidity.

According to the current support of the Bifrost SALP protocol, Zenlink SlotVault has supported the option of contributing through SALP for Altair and Kintsugi crowdloan. Users can select the “Advanced mode” option in Zenlink SlotVault to contribute to Altair and Kintsugi crowdloan; after contribute to the above two projects, users will receive the corresponding vsKSM and vsBond derivatives (1 KSM=1 vsKSM + 1 vsBond) and release their liquidity locked in crowdloan.

This also means that users can not only obtain a variety of benefits, including parachain token incentives and ZLK additional incentives but also release their KSM/DOT liquidity locked in crowdloan by generating derivatives., which will greatly reduce the opportunity cost and maximize their benefits of participating in parachain crowdloan.

At the same time, Zenlink SlotVault is now released on imToken and MathWallet mobile wallet APP. Users can use the wallet APP to switch to Kusama network, search Zenlink SlotVault, access the DApp, and participate in parachain crowdloan.

In the future, Zenlink DEX Module will also be integrated into the Bifrost parachain to provide DEX features for users and will launch vKSM/KSM trading pairs for the first time, making it convenient for users to complete the Contribute-Swap (crowdloan bonding-trading) process in one stop.

The integration of Zenlink SlotVault and Bifrost SALP protocol has also given birth to an innovative mining method that integrates PLO mining and SALP derivative mining, which provides multiple benefits for users.

About Bifrost SALP

SALP (Slot Auction Liquidity Protocol) aims to issue derivatives vsKSM for KSM contributors, vsKSM can be used for DeFi applications such as swap and liquidity mining during the KSM bonding period, exchange KSM in AMM at any time. After the parachain lease expires, derivatives can be fully redeemed for KSM in 1:1 peg. Learn more about SALP

About Zenlink SlotVault

SlotVault is a decentralized PLO support application built by Zenlink in relation to the Polkadot parachain slot auction, which is designed to provide support for Zenlink partners to bid on parachain slots. Users who participate in PLO through SlotVault will receive dual token incentives from the parachain projects and Zenlink.

Learn more about Zenlink

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Zenlink SlotVault Integrated with Bifrost SALP Protocol, Releasing Crowdloan Liquidity for… was originally published in Zenlink Foundation Ltd. on Medium, where people are continuing the conversation by highlighting and responding to this story.