Bifrost
25 Posts
Stellaswap Brings the Parachain Perks
Week 4 of the Stellaswap Dot Incentive campaign has kicked off. This is the first round of boosts to Polkadot parachain projects, with additional DOT rewards boosting the BNC-DOT, MANTA-DOT, NCTR-DOT, and PEN-DOT pools. The BNC pool led the charge with initial APRS of 500%!
A TON of Fun with Some Polkadot Pals
Saturday 28 September 18:00 GMT+8 33 Des Voeux Rd W Hong Kong Polkaport East, Crust, and Bifrost present the latest Polkadot and Friends event in Hong Kong, which will be exploring synergies with the TON ecosystem. The event will feature talks from Bifrost, Crust, OneBlock+, and a special guest from the TON ecosystem TOP (The Open Platform).
DeFi
A vNICE Proposal
A partnership proposal from Talisman is open for discussion in Bifrost governance. Talisman is proposing receive a 50% commission for Bifrost liquid staking assets integration. The deal would include integrating assets such as vGLMR, vMANTA, vDOT, and vETH into the Talisman staking portal and in-wallet one-click-staking feature, while promoting them on Talisman Quests.
Polkadot Power Players @ Coinfest Asia
Coinfest Asia Main Stage 3:25 PM - 3:50 PM Panel: Web3 Power Plays: Interoperable Alliances An exploration of how innovation and growth in Web3 ecosystem is driven by strategic interoperable alliances. Moderator: Jay Chrawwna (The Kusamarian) Speakers: Ingo Ruebe (KILT) Ursula O'Kuinghttons (Scytale Digital) Jerry (Tsang Hing Hoi) (Bifrost) Gede Putu Rahman Desyanta (Mandala Chain)
Buyback'n'Burn BNC
Bifrost has opened its Tokenomics 2.0 (bbBNC) Proposal for Discussion. It proposes using 100% of protocol profits for BNC buybacks, allocating 90% to bbBNC (buy-back BNC) holders and burning the remaining 10%. bbBNC would be obtained by locking vBNC for a fixed duration and would be non-transferable until maturity. bbBNC holders would share in protocol profits, receive staking rewards, have governance rights, and be eligible for boosted farming incentives.
Hiding in Plain (Text) Sight
Bifrost releases the technical investigation of the abnormal movement of BNC on July 6th. They have determined that while their on-chain code has been rigorously audited and battle-tested, the security of their off-chain script code was overlooked. The multi-signature script private key was stored in plain text on a configuration file of the hacked script server. The automated fee replenishment script had a 100 BNC limit but no limit on call frequency, so it was easily circumvented by utilizing batch calls. The 3/5 multi-signature for the script is useless because it is not verified during an automated multi-signature. Bifrost is taking various steps to prevent future incidents from occurring, including comprehensively reviewing its off-chain code and moving its scripts on-chain where possible
Bifrost SALP Crowdloaners Take Note
Bifrost has some updates regarding the SALP contributions to the Energy Web X and LAOS crowdloans. Due to a missed deadline, the first distribution from Energy Web X was missed. The second round of rewards will be distributed as scheduled on June 25th. Bifrost is working with Energy Web X to find a solution to distribute the missing rewards at a later date. SALP contributors to the LAOS crowdloan need to claim their rewards from before 31st August 2024.
Southeast Asia Blockchain Week
🗓️ April 22nd-28th 2024 📍 True Icon Hall, Bangkok, Thailand Polkadot is a Gold Sponsor of the SEABW. The Polkadot ecosystem will be represented in three panel discussions: 24th April 16:50 zkSync Stage Bottom-up Game Development by User Generated Content - features Yuki Pan, Community Manager, Moonbeam 25th April 11:50 Aptos Stage Vitalizing DeFi in SEA: Overcoming Hurdles over CeFi -features Thibault Perreard, Strategy/BD Lead, Bifrost 25th April 14:30 Aptos Stage Tools and Applications for the Multi-chain Universe -features Jonathan Dunne, CTO, Talisman
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