Mint vsKSM i.e. support Bifrost Slot Auction and get guaranteed airdrop. 95% of all underlying KSM will participate in the Bifrost Kusama Slot Auction, and the remaining 5% will be used for the initial liquidity of vsKSM. When Bifrost wins the Kusama slot and completes the mainnet launch, the success airdrop will be released, the utility of vsKSM and vsBond will be activated as soon as Bifrost onboard the parachain.
Bifrost Slot Auction Liquidity Protocol (SALP), launched to release users’ KSM/DOT liquidity locked in Crowdloan by generating derivatives. SALP will greatly increase the capital utilization of crowdloan and attract more participants who do not want to lose opportunity costs to support the parachain slot auction.
The function of vsToken enables contributors to sell the vsToken for the original Token at any time to achieve the purpose of releasing liquidity.
vsBond represents a specific parachain Lease Period and its slot auction reward.
When the parachain lease period expires, you can redeem your KSM at a 1:1 exchange rate by destroying the combination volume of vsKSM and vsBond.
Mint 1KSM get 1vsKSM, and vsKSM can be traded and transferred at any time just like ordinary tokens.
Mint 1KSM get 1vsBond, and vsBond corresponds to the lease period of different parachains and can get the bidding rewards. vsBond can also trade and transfer at any time like ordinary tokens.
When the parachain is officially auctioned successfully, vsKSM and vsBond can be traded and transferred.
After the expiration of the parachain, use vsToken+vsBond in Bifrost App to redeem KSM 1:1.
Slot Auction Liquidity Protocol can release your slot auction bonding liquidity, which may increase the utilization of your token and hedge market risk. Example: Alice mints 100 KSM for the Bifrost parachain auction through SALP and she will receive 100vsBond (parachain due date 20211212-KSM-BNC). After Bifrost won the slot, Alice can be able to sell 50vsKSM in the market for KSM according to her own strategy. When Bifrost parachain expired, Alice can switch back to 50 KSM at Bifrost by using the combination of 50 VSKSM + 50 vsbond.
You can get an exclusive invitation code by participating in the reservation. The more mint your friends have, the more extra airdrops you will get. Login to this page and reserve to get the invitation code.
Please select the Kusama address to participate in the event, and the generated invitation code will correspond to the address you participate in.
Ask your friends for or join our official community to explore.
Login and reserve to get an exclusive invitation code.
Yes.
All BNC airdrop will be released after Bifrost succeed.
In Bifrost Dapp vsBond market (coming soon).
Yes, no matter whether you participate in the Bifrost Parachain auction through Crowdloan or KSM Mint Drop, KSM will recover your account after the 5 slot auction fails.