Tutorials｜How to participate in the Polkadot slot auction with Bifrost SALP, minting vsDOT
Following the motion 118 vote by the Polkadot Council, the Polkadot Parachain slot auction has a clear timeline. The first auction will start on 11 November 2021, with a single auction period of 7 days. Candle bids will be used to motivate bidders to participate.
Bifrost SALP (Slot Auction Liquidity Protocol) went live on 16th September, supporting 6 successful parachain projects in the Kusama slot bidding, gaining a lot of experience in bidding and building a comprehensive bidding support model.
SALP currently supports Polkadot parachain slot bidding and has partnered with Acala/Moonbeam (pre-supported)/Astar/Manta/Litentry as the first SALP-supported Polkadot parachain bidding projects. In addition, there are additional BNC rewards and Derivatives Farming events to participate in by voting for these projects via the SALP, more details on the rewards can be found in the article: Bifrost SALP to Support Polkadot Auction on November 9th, Announces First Partner Projects and Additional Rewards. Here is a tutorial on how to enter the Contribution part via the Bifrost Dapp.
SALP Voting Tutorial
Step 1: Go to the Bifrost Dapp and select vCrowdloan: https://bifrost.app/
Step 2: Select the item you want to vote on and click on the Contribute button
Step 3: Once you have inputed the number of DOTs to vote for, then click Confirm.
Step 4: After confirming the fees and Derivatives asset, click Confirm to open the on-chain signature
Step 5: Signature completed, showing success
Step 6: Find My Salp in vCrowdloan to access the voting history
Note: Minting for vsDOT and vsBond is not yet supported in the current version. This Derivatives will go live in the next version v0.9.8 update. Once live, you will be able to view your personal vsDOT and vsBond derivatives in your Wallet.
Tutorials | How to participate in Polkadot Crowdloan with Bifrost SALP was originally published in Bifrost — DeFi for PoS. Staking and Liquidity. on Medium, where people are continuing the conversation by highlighting and responding to this story.
