SALP Liquidity Protocol
summary
Bifrost issues vsDOT/vsKSM plus a second claim token vsToken and vsBond so crowdloan contributors get tradable liquidity while their DOT/KSM is locked for typical parachain leases (uploader notes 6–24 months; presenter cites 48 weeks and 12 weeks examples). The protocol mints vouchers and a reward‑claim token, routes pledged funds to the relay chain account, and lets holders redeem after lease expiry. A web UI exists and registration exceeds 30,000 registrations; initial support runs off a non‑parachain flow until XCMP is available.
AI-written summary · about
chapters (6)
- 0:00Start
- 1:03About Bifrost
- 4:04The Promotional of Crowdloan
- 5:42Brainstorming: What If bonding with liquidity?
- 7:17Bonding Derivatives: vsToken and vsBond
- 9:16SALP Workflow
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