Bifrost and Darwinia announced a strategic cooperation to explore the cross-chain integration of DeFi and NFT.
Darwinia’s decentralized cross-chain bridge will facilitate the efficient multi-chain circulation of Bifrost’s derivative asset vToken.
Bifrost’s goal is to provide liquidity for staking assets by issuing derivatives.
Since Bifrost is part of Polkadot ecosystem, the derivative asset vToken generated by Bifrost can be circulated among Polkadot parachains. However, the wider circulation of vToken needs to rely on heterogeneous cross-chain protocols.
Darwinia is a heterogeneous cross-chain bridge protocol that connects Polkadot and other public chains. As the “Golden Gate Bridge” for the cross-chain networks, Darwinia adopts innovative cryptographic methods, providing the safest heterogeneous cross-chain solution without a middleman, making the cross-chain asset transfer safer, cheaper, and more frictionless.
Darwinia and Bifrost will jointly explore the application Defi+NFT with cross-chain game scenes in the polkadot ecosystem.
In addition, Darwinia, as the dev team of the cross-chain game “Evolution Land”, is exploring the cross-chain circulation of NFT and the Defi+NFT mining system. In this process, Bifrost, as a general protocol to provide the liquidity for staking assets, will likely provide liquidity for locked NFTs.
Bifrost’s derivative asset vToken can also be used for NFT mining prop casting and synthesis in Evolution Land game.
What is Bifrost?
Bifrost is a Polkadot Ecosystem DeFi infrastructure protocol that aims to become an infrastructure for providing Staking liquidity, and currently offers a derivative vToken for Staking and Polkadot Lease Offering (PLO). It is also a member of the Substrate Builders Program and Web3 Bootcamp. vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, and CEX.
vToken can optimise transactions in multiple scenarios such as DeFi, DApp, DEX, and CEX. vToken can be used to realize the transfer channel of governance right such as Staking and PLO to hedge the risk of Staking assets. In extended scenarios such as when vToken is used as collateral for lending, the staking proceeds can offset part of the interest and realise low-interest lending.
Darwinia is the “Golden Gate” bridge built on Substrate, connecting Polkadot, Ethereum, and other heterogeneous blockchains, providing the safest and decentralized cross-chain solution.
Darwinia cross-chain bridge is non-custodial, not relying on multi-sig middlemen, realizing more affordable and efficient cross-chain asset transfer。
Tools and products developed by Darwinia have won 3 W3F grants and joined Substrate Builder Program and in recognition of Darwinia Network’s outstanding performance in the Substrate Builder Program, Parity officially awarded the Level 2 badge to Darwinia.