Anyswap has launched Bifrost vETH on December 1, supporting Ethereum and Moonriver bidirectional cross-chain. vETH, the first ETH2.0 derivative to enter the Polkadot ecosystem, will start a 48-hour Bootstrap at Zenlink at 8am on Dec 10th UTC.
During the Bootstrap, a total of 10,000 ZLK will be incentivized for Bootstrap participants, which is expected to be more than 300% annualized at $1M liquidity. vETH and ETH will be opened for trading immediately after the successful Bootstrap, and vETH/ETH liquidity mining will be started simultaneously, with 30,000 ZLK for liquidity incentive.
Time
- Boostrap start block：
- Bootstrap end block:
- Converted by time：
2021/12/10 8 AM UTC
2021/12/12 8 AM UTC - Duration: 48 h
Rewards
- Total rewards: 10,000 ZLK
- To learn more about vETH/ETH Bootstrap, please see the article: Zenlink is about to launch vETH/ETH Bootstrap and enable Farming v2 on Moonriver
How to cross chain vETH to Moonriver
Step 1: Go to Anyswap bridege: https://anyswap.exchange/#/bridge
Step 2: Select vETH
Step 3: Confirm cross-chain destination is Moonriver
Step 4: Execute “Swap”,estimated time of Crosschain arrival is 10–30 min.
vETH/ETH Bootstrap participation tutorial
Step 1: Go to Zenlink Dex and click on Bootstrap to enter the interface
Step 2: Find the vETH/ETH liquidity pool and click on Bootstrap in the upper right corner
Step 3: Select both or single token and enter the corresponding amount or quantity
Step 4: Click supply, sign in the wallet and submit the transaction
What is Bifrost?
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for staked 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 Builders Program and Web3 Bootcamp.
vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of stake rights such as staking and Crowdloan through vToken, realize the risk hedging of stake 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.
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Tutorials| How to Participate in vETH/ETH Bootstrap on Zenlink 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.
