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#3 Referendum proposal: Enable Swap module and kUSD transfer, Bifrost mainnet upgrades to v0.9.2

Published date: October 12 2021

In the last version of the Runtime upgrade, Bifrost opened the SALP Farming module for the first time, providing the first Crowdloan mining scenario for the 10th and 11th slot bidders Kintsugi and Parallel. During the 7-day mining process, a total of 2,040 users visited 22,065 times, accounting for 57.71% of the total 30-day visits; the total mining deposit amount reached the highest 4,728.81 KSM, and the average APY was 234.4%.

The v0.9.2 version upgrade mainly includes the launch of the Swap module and the opening of the kUSD transfer function. In addition, it also supports the issuance function of Zenlink’s native Token ZLK (non-transfer). Users who have participated in Zenlink activities will receive corresponding rewards in the near future. For more ZLK reward questions, please visit Zenlink official.

Referendum content

  • Referendum name: Swap module goes live, kUSD transfer opens
  • End block high: # TBD
  • Voting period: 48 hours
  • Execution period: Immediate
  • Original image hash: TBD

Next step

In the next upgrade, Bifrost will initiate the v0.9.3 upgrade proposal, opening Bifrost’s native Token: BNC’s transfer function for the first time.

At that time, the BNC in the Vesting state will begin to be linearly unlocked; the BNC in the Free Balance state can be transferred. At the same time, BNC can execute a two-way cross-chain between Bifrost and Karura, participate in DeFi activities such as Bootstrap and Liquidity Mining. Please stay tuned for more details.

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

Website | Github | Telegram | Medium| Twitter | DiscordForum

#3 Referendum proposal: Enable Swap module and kUSD transfer, Bifrost mainnet upgrades to v0.9.2 was originally published in Bifrost —  DeFi for PoS. Staking and Liquidity. on Medium, where people are continuing the conversation by highlighting and responding to this story.