diff --git a/docs/general/parachains-apps.md b/docs/general/parachains-apps.md index 4bd25730b717..e8a2037323ad 100644 --- a/docs/general/parachains-apps.md +++ b/docs/general/parachains-apps.md @@ -123,3 +123,41 @@ addition, users can earn additional tokens and rewards through gamification. Discover more Astar dApps on [Astar Portal](https://portal.astar.network/astar/dapp-staking/discover). + +## Bifrost Finance + +[Bifrost ](https://bifrost.finance/)is a dedicated liquid staking middle layer built on Substrate, +powered by Polkadot, providing non-custodial decentralized cross-chain liquid tokens for staked +assets. By leveraging Polkadot’s cross-consensus message format (XCM), Bifrost provides standardized +cross-chain liquid staking solutions for multiple chains currently Polkadot (vDOT), Kusama (vKSM), +Moonbeam (vGLMR), Moonriver (vMOVR) and other chains notably vASTR (Astar) and vFIL (Filecoin). + +Through Bifrost Staking Liquidity Protocol +([SLP](https://bifrost-finance.medium.com/why-bifrost-slp-is-the-good-choice-for-decentralized-liquid-staking-ceb90091ef41)), +Bifost facilitates the issuance and deployment of liquid staked assets (“vTokens' '), allowing users +to earn staking rewards while retaining their governance rights and participating in DeFi, such as +liquidity provisioning on DEXs, providing collateral on lending/borrowing protocols and for +stablecoin issuance as well as restaking for securing decentralized solutions. Bifrost vTokens are +reward-bearing liquid staking tokens representing the users staked asset, including returns from +staking. As staking rewards are received, vTokens increase in value without changing the quantity of +tokens. + +Bifrost aims to offer seamless staking and DeFi experience for Proof of Stake (PoS) users and enable +developers to build innovative applications around Bifrosts’ liquid staking tokens. + +### Bifrost dApp + +Bifrost recent development of +[SLPx](https://bifrost-finance.medium.com/slpx-pallet-a-further-step-into-the-omni-chain-liquid-staking-68cb4d99c82f), +is an extension pallet to Bifrost SLP that will allow users to invoke SLP's functionality on a +remote chain without crossing assets into the Bifrost chain, allowing users to mint, redeem, swap +vTokens remotely on the target chain. Leveraging this, developers can use and build innovative +solutions around chain abstraction and solving liquidity and user fragmentation challenges. + +- [Omni LS](https://omni.ls/) + +[Omni LS DApp](https://bifrost-finance.medium.com/omni-ls-dapp-the-easiest-fastest-and-most-secure-way-to-access-bifrost-liquid-staking-tokens-21ee080b03cd) +is a front-end application that supports remote minting and redemption of Bifrost liquid staking +tokens (LST) “vTokens”, as well as remote exchange, and swapping of vTokens from any chain. The DApp +aims to simplify the cross-chain experience by providing a seamless interface for users to interact +with vTokens across different chains natively.