# Bifrost will support Picasso Kusama Crowdloan through SALP Protocol ###### tags: `Marketing` We are pleased that Bifrost will be supporting Picasso in the third batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity. ## Bifrost x Picasso Composable Finance is creating hyper-liquidity infrastructure to unlock the multi-layer, and multi-chain future of Ethereum and Polkadot. Composable Finance is committed to reducing these barriers faced by DeFi creators and users through the use of its products. Picasso is the Canary Network of Composable Finance, it enables developers to participate in an instantly-available, broad DeFi ecosystem on Polkadot. Picasso provides developers access to a mainlaned parachain that they can build on, avoiding the arduous process of obtaining and maintaining their own parachain. Picasso will participate in the third batch of Kusama slot auctions as one of the strongest competitors. In an effort to assist in the Picasso crowdloan, Bifrost will partner with Picasso to offer its SALP protocol. Using the SALP protocol, users will be able to join derivatives mining with vsKSM, and receive Bifrost’s native token $BNC as a reward. This is on top of the $PICA rewards that users receive as part of the Picasso crowdloan rewards. Once Picasso wins the auction, the vsKSM will be tradable for swap between KSM and other assets effortlessly. ## Picasso Crowdloan Rewards In case of obtaining parachain slot, PICA rewards will be distributed pro rata to their share of the total KSM contributed. - #### Bonuses Referral Program: 20% bonus on PICA earnings if reffered participants contribute at least 100 KSM. - #### Vesting The crowdloan stakers will earn 50% of their PICA upon TGE, with the remainder being released linearly within 48 weeks. More Picasso and PICA details please refer the article: https://composablefi.medium.com/the-launch-of-the-picasso-crowdloan-vault-strategy-update-dee65ed00a0d ## About Picasso Our overarching goal is for Picasso to include pallets for all DeFi primitives, as well as those for the secondary and tertiary functionalities that enable DeFi to be valuable to users, and interoperable, so that liquidity fragmentation is solved in the space. The end result is an entire ecosystem of DeFi on our parachain, streamlining and improving functionality when compared to the present DeFi landscape. Through our model, developers will have the opportunity to leverage all of our pallets in custom manners for seamless dApp construction. This unleashes an unprecedented opportunity for an instantly accessible DeFi ecosystem with cutting-edge developer tools within the Kusama network. # Bifrost 将通过 SALP 协议助力 Picasso Crowdloan 很高兴 Bifrost 将通过 SALP 协议支持 Composable Finance 先行网 Picasso 参加第三批 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 Picasso Composable Finance 是一个 DeFi 基础设施项目，旨在改善区块链上的金融应用。它在开发可互操作的 DeFi 方面运行，该生态系统可以广义地定义为使用区块链为金融工具提供动力。 Picasso 是 Composable Finance 的先行网络，它使开发者能够参与到Polkadot 上即时可用的、广泛的 DeFi 生态系统。Picasso 为开发者提供了一个可以建立的主链，避免了获取和维护他们自己平行链的这一艰巨过程。 Picasso 作为最强的竞争者之一参加第三批 Kusama 平行链的拍卖。为了帮助 Picasso 竞拍，Bifrost 与 Picasso 达成合作，将为其提供 SALP 协议。通过 SALP 协议，用户能够铸币 vsKSM Derivatives 用于 Farming，并获得 Bifrost 的原生 Token $BNC 作为奖励，使质押者在参与 $PICA 众贷中获得除 $PICA 奖励之外的更多奖励。一旦 Picasso 赢得拍卖，vsKSM 将可以轻松地在 KSM 和其他资产之间进行 Trading。 ## Picasso 平行链竞拍奖励 在获得 Parachain 名额的情况下，PICA 的奖励将按其在 KSM 总贡献中的份额进行分配。 - #### 奖金 推荐计划。如果被推荐的参与者贡献了至少 100 个KSM，则可获得 PICA 收入的 20% 奖金。 - #### Vesting 众筹者将在 TGE 时获得 50% 的 PICA，其余部分将在 48 周内线性释放。 更多关于 Picasso 和 PICA 的细节请参考以下文章： https://composablefi.medium.com/the-launch-of-the-picasso-crowdloan-vault-strategy-update-dee65ed00a0d