Introduction

Bifrost initiated the proposal to remove the Sudo referendum and voted on and implemented it on 13 September 2021, with a total of 80,324 BNC votes and over 400 voting addresses on the chain, and the proposal went live on the chain one hour after it was passed.

Bifrost has now been upgraded from Sudo governance to a decentralised network governed by council and Referendum, but is still in the POA governance phase. Bifrost will be upgraded to a fully on-chain governed decentralised network when the council and technical committee elections are opened.

With the removal of Sudo, a milestone event, the Bifrost mainnet has officially entered Phase 3 and is ready for the launch of SALP, the opening of BNC, vsKSM, vsBond and other referendum proposals.

Development

Bifrost Node & Runtime

• Version v0.8.4 testing

• Solve the reason why SALP cross-chaining prevents blocks from coming out

• Runtime & Collator v0.8.4 released

• SALP cross-team Review

• Investigate how to detect cross-chain transactions in the flexible-fee module

• Updated SALP module permissions adjustment

• v0.8.5 Fix incorrect kUSD type

• Testing and building v0.8.5

• SALP Confirm service deployment

• SALP automated testing tools and stress testing

• Revamp xcm transact fee

• Revamp collator & debug chain stale when salp contribution

• Fix salp rpc with NumberOrHex

• Upgrade&hack cumulus for the chain stale issue

• Raise issue & discussion with parity team & Verify the patch

• Revamp salp contribition with double-map as backup solution

• Add integration test framework

• Revamp salp origin

• Review code with team about flexible-fee and help in test&refact

• Testing, modifying the bifrost-service logic

• Development of salp contribute history centralised data

• Testing and launch of orml xtokens and unknown tokens modules

• Development of the flexible fee module and collection of salp handling fees

Bifrost Dapp & Dashboard

• Confirmation of cross-chain fee collection method

• SALP front-end test case fixes.

• SALP Auction history, centralized service interfacing.

• Skeleton added to Loading status and speed optimised

• Cross-chain transfer process handling

• Bifrost.js update.

• vToken type bug fixed.

• Vesting section display

• Refreshing the page after closing will still show it

• Fixed data display section

• Disable Graphql Request

• Restore the interface to get the commission deduction order

• Bug with negative values

• Full deduction of fees (integer issue)

• Signed pop-up window now does not close when fast crossing in

• Full straddle out reserved for KSM

• Enabled main network KSM cross-link functionality

• Polkawallet support for vsBond

Ecosystem

• The Bifrost series of Community Calls went live on Discord on 7 September. There was an in-depth discussion on the launch of SALP and how to support our partners in the second round of Kusama slot bidding.

• On September 8, Manta & Calamari co-hosted the “Fly Underwater — Web 3.0 DeFi Privacy Forum” featuring Bifrost Product Manager Tyrone for an active discussion on how DeFi projects are cutting through the privacy protection.

• The Bifrost Forum was completed and launched this week. The forum is currently divided into three sections, namely Governance, Midgard and Chinese. We welcome all members of the WeChat community to actively post and discuss.

• On 8 September, the Bifrost mainnet Runtime has been successfully upgraded to version v0.8.4, which will support bi-directional asset cross-chaining between Kusama and Bifrost, allowing KSMs to operate interchangeably in the Bifrost and Kusama networks.

• On September 10th, Centrifuge, in collaboration with Odaily and PolkaWorld, held a live online launch event to share and discuss the story behind and the future of Kusama auctions from the perspective of the project owners on the frontline of bidding, and to dig deeper into the new opportunities of the Polkadot ecology.

What is Bifrost?

Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged 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 Builder’s Program and Web3.0 Bootcamp.

vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and crowdloan through vToken, realize the risk hedging of pledge 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

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