Jerry

Curious how to experience Faroo on the Pharos Testnet? Join us on March 16 as we walk through how to stake on the testnet, mint stPHRS, and explore DeFi strategies and community tips for participating in the @pharos_network ecosystem. 5 lucky participants will be selected to receive a special Discord role. 🎤Language: CN ⏰ Set your reminder: x.com/i/spaces/1AKEm… Guests: - Tyrone ( @Tyronebrezzy ), Co-founder of Faroo - Jerry ( @Web3Jerry ), Head of Global Growth at @Bifrost - Xupan ( @xupanweb3 ), DeFi & Web3 Researcher Ask questions, learn the playbook, and join the Faroo Testnet journey.

Dive into Bifrost 2.0 & Bifrost SLP x Use cases For Builders 🚀 Today, let’s check out @Bifrost - ecosystem partner with a DeFi track at the Polkadot Vietnam Hackathon 2024—and see how it can help Hackathon participants level up in DeFi! 📌 What is Bifrost? Bifrost is a Liquid Staking app-chain built for various blockchains using the Polkadot SDK. It’s the largest liquid staking protocol on Polkadot, Kusama, Astar, Moonbeam, and Manta, with a TVL of $63M and annual revenue of $1.5M. Bifrost's token, BNC, has a fixed supply of 80M with no inflation. In the second half of 2024, the Bifrost Team's core mission is to launch Bifrost 2.0, focusing on: 🪙 New tokenomics 🔗 Merging Bifrost Kusama and Bifrost Polkadot parachains 🛠️ Decentralizing the Bifrost Polkadot Collator set 🌐 Ensuring EVM compatibility and cross-chain connectivity with Ethereum and its L2 🚀 BNC 2.0 launch campaign 🔗 Bifrost SLPx Currently, Bifrost features three main products: Liquid Staking, SLPx, and Analytics. 📌Especially since SLP, the module for minting and redeeming vTokens on Bifrost, requires asset transfers to Bifrost, which can be inconvenient. SLPx, a new extension pallet, allows users to: 🔄 Mint vTokens on a remote chain 💸 Redeem vTokens on a remote chain 🌉 Swap vTokens or tokens on a remote chain using Bifrost’s liquidity 👉 For developers, integrating SLPx involves only a few lines of code. Once integrated, developers can use remote calls to access minting, redemption, and swap services for vTokens on the Bifrost-Polkadot chain. 🚀 Use Cases of SLPx These use cases are inspired by the ETHshenzhen Hackathon: 1️⃣Project Launch Pad: 🚀 Create a platform to raise funds by locking vTokens, offering Staking Rewards, and returning vTokens after lock-up. 2️⃣Lossless Prediction Market: 🔮 Develop a market where users pool vToken rewards and earn from predictions on prices or events. 3️⃣vToken Router: 🔄 Design a router for managing vToken transfers and staking, such as batching DOT to Bifrost and using vDOT in LoopStake. 4️⃣vToken NFT Gaming: 🎮 Build a game where users earn NFTs based on milestones like “First 10 vToken Mint” in an SLPx-supported environment. 5️⃣ vToken Social Media Tool: 💬 Create tools to enable tipping or subscribing to posts using vTokens on social media platforms like Twitter(X). 🔥 We hope these use cases inspire innovative ideas for the upcoming Hackathon and drive impactful solutions in the DeFi space. Reference: 📌 ETHshenzhen Hackathon Documentation 📌 Bifrost Tokenomics 2.0 (bbBNC) Proposal 💬 To discuss more, join our Discord! discord.gg/EnCCkEshWy #OG_tech #Bifrost #SLPx #Staking #vTokens #DeFi #CrossChain #Web3

Get ready for the bbBNC Meme Creativity Contest! 📚 Rules: • Memes must align with the $bbBNC theme. • Create and post as many bbBNC memes as you want—no limits! • Share your meme on X with the hashtag #BuyBackBNC. • Deadline: August 22 at 23:59 UTC+2.