Dive into Bifrost 2.0 & Bifrost SLP x Use cases For Builders 🚀 Today, let’s check out @Bifrost - ecosystem partner with a DeFi track at the Polkadot Vietnam Hackathon 2024—and see how it can help Hackathon participants level up in DeFi! 📌 What is Bifrost? Bifrost is a Liquid Staking app-chain built for various blockchains using the Polkadot SDK. It’s the largest liquid staking protocol on Polkadot, Kusama, Astar, Moonbeam, and Manta, with a TVL of $63M and annual revenue of $1.5M. Bifrost's token, BNC, has a fixed supply of 80M with no inflation. In the second half of 2024, the Bifrost Team's core mission is to launch Bifrost 2.0, focusing on: 🪙 New tokenomics 🔗 Merging Bifrost Kusama and Bifrost Polkadot parachains 🛠️ Decentralizing the Bifrost Polkadot Collator set 🌐 Ensuring EVM compatibility and cross-chain connectivity with Ethereum and its L2 🚀 BNC 2.0 launch campaign 🔗 Bifrost SLPx Currently, Bifrost features three main products: Liquid Staking, SLPx, and Analytics. 📌Especially since SLP, the module for minting and redeeming vTokens on Bifrost, requires asset transfers to Bifrost, which can be inconvenient. SLPx, a new extension pallet, allows users to: 🔄 Mint vTokens on a remote chain 💸 Redeem vTokens on a remote chain 🌉 Swap vTokens or tokens on a remote chain using Bifrost’s liquidity 👉 For developers, integrating SLPx involves only a few lines of code. Once integrated, developers can use remote calls to access minting, redemption, and swap services for vTokens on the Bifrost-Polkadot chain. 🚀 Use Cases of SLPx These use cases are inspired by the ETHshenzhen Hackathon: 1️⃣Project Launch Pad: 🚀 Create a platform to raise funds by locking vTokens, offering Staking Rewards, and returning vTokens after lock-up. 2️⃣Lossless Prediction Market: 🔮 Develop a market where users pool vToken rewards and earn from predictions on prices or events. 3️⃣vToken Router: 🔄 Design a router for managing vToken transfers and staking, such as batching DOT to Bifrost and using vDOT in LoopStake. 4️⃣vToken NFT Gaming: 🎮 Build a game where users earn NFTs based on milestones like “First 10 vToken Mint” in an SLPx-supported environment. 5️⃣ vToken Social Media Tool: 💬 Create tools to enable tipping or subscribing to posts using vTokens on social media platforms like Twitter(X). 🔥 We hope these use cases inspire innovative ideas for the upcoming Hackathon and drive impactful solutions in the DeFi space. Reference: 📌 ETHshenzhen Hackathon Documentation 📌 Bifrost Tokenomics 2.0 (bbBNC) Proposal 💬 To discuss more, join our Discord! discord.gg/EnCCkEshWy #OG_tech #Bifrost #SLPx #Staking #vTokens #DeFi #CrossChain #Web3

Get ready for the bbBNC Meme Creativity Contest! 📚 Rules: • Memes must align with the $bbBNC theme. • Create and post as many bbBNC memes as you want—no limits! • Share your meme on X with the hashtag #BuyBackBNC. • Deadline: August 22 at 23:59 UTC+2.