Bifrost will support Parallel Heiko Kusama Crowdloan through SALP Protocol

# Bifrost will support Parallel Heiko Kusama Crowdloan through SALP Protocol ###### tags: `Marketing` In the 2nd Kusama slot auction, Bifrost will support Heiko Finance parachain auction with SALP, release its contributors bonding liquidity. ## Bifrost x Heiko Finance Parallel Finance is a decentralized money market protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Similar to the relationship between Polkadot and its “canary network” Kusama, Heiko Finance is the sister network to Parallel, and the parachain that Parallel hope to launch on the Kusama blockchain. As one of strong competitors of the 2nd batch of Kusama slot auctions, Heiko will join the auctions. In order to promote the partnership of us, Bifrost wishes to boost the winning rate of Heiko’s parachain auction. All Heiko’s contributors who contribute though SALP protocol will be able to join the derivative mining with vsKSM, and receive Bifrost native token (BNC) as reward. Once Heiko wins the auction, the vsKSM will be tradable for swap between KSM and other assets effortlessly, and contributors be able to get HKO as Crowdloan reward, stay tuned. ## Heiko Crowdloan Rewards - Contributors will be rewarded with Heiko tokens (HKO) and as high as 5% of the HKO total supply will be distributed (4% for Contributor rewards, 1% for recommender rewards.) - Every KSM contributed should return at least 200 HKO tokens. - Heiko rewards up to 50 million HKO tokens - Voters will receive a weighted distribution of up to 5% HKO - 200,000 KSM is the largest amount raised by Heiko in the second round of parachain auction ## What is Heiko **Heiko Finance is the sister network to Parallel Finance, which is offering Lending、Staking、Borrowing products to Kusama Network**.Parallel Finance(Heiko Finance) just closed a Series A round which led by Polychain Capital, along with Pantera Capital、Lightspeed Ventures、Alameda Research and etc.Parallel has also received a Web3 Grant and been a member of DeFi Alliance and Substrate Builders program.Learn more about Parallel and Heiko: https://parallel.fi/ ## What is SALP? SALP (Slot Auction Liquidity Protocol) aims to issue derivatives vsKSM for KSM contributors, vsKSM can be used for DeFi applications such as swap and liquidity mining during the KSM bonding period, exchange KSM in AMM at any time. After the parachain lease expires, derivatives can be fully redeemed for KSM in 1:1 peg. [Learn more about SALP](https://medium.com/bifrost-finance/bifrost-salp-release-crowdloan-liquidity-for-participants-c7566fe6cf83) ## About Bifrost Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged 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 pledge rights such as staking and Crowdloan through vToken, realize the risk hedging of pledge 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. # Bifrost 将通过 SALP 协议助力 Heiko Kusama Crowdloan 很高兴 Bifrost 将通过 SALP 协议支持 Parallel 先行网 Heiko 参加第二批 Kusama 插槽拍卖，并助力 Heiko 释放其投票人的平行链质押资产流动性。 ## Bifrost x Heiko Parallel Finance 是一种建立在波卡生态系统中的去中心化货币市场协议，提供保证金抵押、拍卖贷款、抵押衍生品和 AMM 功能。类似于 Polkadot 与其 Kusama 网络之间的关系，Heiko Finance 是 Parallel Finance 在 Kusama 网络上的先行网，也是 Parallel 希望在 Kusama 区块链上启动的平行链。作为最强的竞争者之一参加第二批 Kusama 平行链的拍卖。为了帮助 Heiko 竞拍，Bifrost 与 Heiko 达成合作，将为其提供 SALP 协议。通过 SALP 协议，用户能够铸币 vsKSM 衍生品用于挖矿，并获得 Bifrost 的原生代币 $BNC 作为奖励，使质押者在参与 Heiko 众贷中获得除 $HKO 奖励之外的更多奖励。一旦 Heiko 赢得拍卖，vsKSM 将可以轻松地在 KSM 和其他资产之间进行交易。 ## Heiko 平行链竞拍奖励 - 投票者将获得 Heiko 代币 (HKO) 奖励，并将分配高达总供应量的 5% 的 HKO （5%的总奖励分配为：4%用于Contributor奖励；1%用于推荐者奖励。） - 贡献的每 1 个 KSM 应获得至少 200 个 HKO 代币奖励。 - Heiko 的奖励多达 5000 万枚 HKO 代币 - 投票者将获得高达 HKO 5% 的加权分配 - 200,000 KSM 是 Heiko 在第二轮平行链竞拍中筹集的最大金额 ## 什么是 Heiko **Heiko Finance是Parallel Finance在Kusama上的先行网。Parallel Finance是一个去中心化的货币市场，为Polkadot生态提供Lending、Staking、Borrowing产品，为Polkadot生态带来更多的流动性**。存款人可以同时贷出资金和进行质押，赚取双重利息，借款人可以抵押来进行借款。Parallel Finance 刚结束了由Polychain Capital 领投的2000W美金的Series A轮融资。其他投资方包括Pantera、Alameda Research、Lightspeed、Hypersphere、breyerCapital等全球DeFi知名投资机构。Parallel Finance还获得了Web3 基金会的官方支持，Substrate Builder Program成员。Parallel Finance 同时也是 DeFi Alliance成员，是Polkadot生态项目在DeFi Alliance 的仅有的两个席位成员之一。了解更多关于Parallel和Heiko的信息：https://parallel.fi/