Bifrost SALP Will Support Kusama Crowdloan's for OAK Network!

# Bifrost SALP Will Support Kusama Crowdloan's for OAK Network! ###### tags: `Marketing` In March 2022, Bifrost announced its support for OAK Network crowdloan on Kusama. OAK Network is an automation blockchain for recurring payments across multiple DeFi protocols. During this Kusama crowdloan event, Bifrost will support OAK Network to give [crowdloan](https://coinmarketcap.com/alexandria/glossary/crowdloan) participants access to liquid derivatives of staked $DOT (for example, vsDOT). This in turn will give extremely competitive opportunities to Bifrost users to participate in the Polkadot Crowdloan and contribute to the development of OAK Network in the ecosystem. Bifrost mission is to inject liquidity to every assets locked between multiple chains and build a liquidity bridge across multiple, diverse chains. ***(Please describe OAK's position in the Polkadot ecosystem and what it is doing)*** Bifrost's unique advantage lies in their cability to mint fully decentralized liquid derivatives — like vsKSM — on the Kusama Parachain. The support for the OAK Network crowdloan event will introduce Bifrost unique [Slot Auction Liquidity Protocol](https://medium.com/bifrost-finance/salp-derivatives-open-a-new-era-of-parachain-slot-aution-b7a80f4234d2#:~:text=SALP%2C%20known%20as%20the%20Slot,assets%20anchored%20to%20locked%20assets.) (SALP) to the OAK community, encouraging more users to participate in their crowdloan and fundraising process. Bifrost uses a combination of Polkadot and Kusama Parachain multi-signatures to support their SALP technology. This gives users an opportunity to maximize their capital utilization during the 96-week crowdloan lock-up period, and better manage their risk appetite when supporting different projects. OAK Network and Bifrost will assist each other with technical support in the crowdloan docking process, and promote each other's beands across both our community channels. Bifrost SALP for the OAK Network Crowdloan will be launched on March XXth, 2022, and developers and users are welcome to try it at that time. **Vote [here](https://bifrost.app/vcrowdloan?tab=ksm) for OAK Network Kusama Crowdloan!** ### OAK Network Crowdloan Rules ***(Please provide the OAK crowdloan rules here)*** ### About OAK Network （Please provide OAK Network official introduction） ### About Bifrost Bifrost is the leading DeFi basic protocol living on the Polkadot ecosystem. Our mission is to become the go-to infrastructure to provide liquidity on staked assets. We’ve launched two flagship derivatives — vToken for staking, and Polkadot Parachain slot (Crowdloan). The vToken is able to optimize transactions in multiple decentralized applications such as DeFi protocols and exchanges (dApp, DEXes, CEXes), and realize the value transfer from stake rights such as staking. Using Crowdloan through vToken also hedges risk from staked assets. The vToken can also expand liquidity when used as a collateral for lending, as its staking reward becomes part of the interest and can be offset to achieve low-interest loans. Bifrost raised $2.15M from top-tier venture capital firms of the likes of NGC, SNZ, DFG, CMS, the Web3 Foundation Grant, and other institutions. It’s also a member of the Substrate Builders Program and Web3 Bootcamp. Learn more about Bifrost or join our incredible community of over 100,000 members strong! [Website](https://bifrost.finance/) | [Github](https://github.com/bifrost-finance) | [Telegram](https://t.me/bifrost_finance) | [Medium](https://medium.com/bifrost-finance) | [Twitter](https://twitter.com/bifrost_finance) | [Discord](https://discord.gg/8DRBw2h5X4) | [Forum](https://forum.bifrost.finance/) # Bifrost 宣布支持 OAK Network Kusama Crowdloan 2022年2月，Bifrost 宣布支持基于 Defi 和跨协议定期支付的自动化区块链 OAK Network 的 Crowdloan 活动。Bifrost 致力于提供多链间锁仓资产的流动性，建立异构链间的流动性桥梁。本次 Kusama 众贷活动期间，Bifrost 将与 OAK Network 合作，助力众贷参与者在 OAK Network 实现质押 DOT 的同时获得流动性衍生品的体验，为参与波卡众贷的用户创造创新型解决方案，帮助更多波卡众贷贡献者在多链化的发展格局下获得更多竞争机会。 Bifrost 的优势是以 Kusama 平行链为基础铸造完全去中心化的流动性衍生品。本次支持 OAK Network 众贷活动有有助于Bifrost 拥有让 OAK Network 社区了解到众贷衍生品协议 SALP 为质押锁仓成本提供的新机会，激励更多用户参与到 OAK Network 众贷中。 ***(请提供一段关于 OAK 在 Polkadot 生态中的定位以及正在做的事情)*** Bifrost 运用 Polkadot 多重签名 + Kusama 平行链相结合的方式，这种创新的众贷流动性解决方案将使用户有机会在众贷锁仓期中提高资金利用率，对自己的风险偏好作出选择，享受可持续性的链上优质服务。OAK Network 将协助 Bifrost，在众贷对接流程提供技术支持，推动 Bifrost 与 OAK Network 生态的长久合作。 OAK Network 的 SALP 众贷入口将于2022年3月XX日上线，届时欢迎开发者与用户体验。 ### OAK Network 众贷规则 ***(请提供 OAK Kusama 众贷奖励)*** ### 关于 OAK Network ***(请提供 OAK Network 官方介绍)*** ### 关于 Bifrost Bifrost（彩虹桥）是波卡生态 DeFi 基础协议，致力成为质押资产提供 Liquidity 的基础设施，推出面向 Staking 和波卡平行链卡槽（Crowdloan）的Derivatives vToken。目前已获得 NGC、SNZ、DFG、CMS 等机构数百万美金融资和 Web3 基金会 Grant，同时也是 Substrate Builders Program、Web3 Bootcamp 成员。 vToken 可在 DeFi、DApp、DEX、CEX 等多场景下优化 Trading，通过 vToken 实现 Staking、Crowdloan 等质押权益的转让通道，实现质押资产风险对冲，扩充场景如 vToken 作为抵押物进行借贷时，其 Staking 收益可抵销部分利息，实现低息借贷。