Bifrost SALP will support Litentry Polkadot Crowdloan

# Bifrost SALP will support Litentry Polkadot Crowdloan ###### tags: `Marketing` We are pleased to announce that Bifrost has partnered with Litentry, to support its upcoming Polkadot Slot Auction by SALP, generating Crowdloan derivatives and releasing its contributors' bonding liquidity. ## Bifrost x Litentry Litentry is a privacy-preserved DID Aggregator that serves unique functions in the Polkadot ecosystem & provides liquidity, interoperability, and consistency for the multi-chain identity data. Becoming a Parachain maximizes the efficiency of sharing identity data between Litentry & other Parachain projects. And with an aggregated cross-chain identity, blockchain projects could offer dedicated graded identity services/functions to power better Web3 services. In this case, Litentry as one of the strongest competitors in the first batch of Polkadot slot auctions, Bifrost SALP may boosting up its Crowdloan. By using SALP, contributor will be able to generate derivatives vsDOT & vsBond, hedge against the 96-week DOT bonding period. In addition, vsDOT & vsBond holders can join Litentry's derivative mining, and receive Bifrost’s native token $BNC and Litentry's native token $LIT as reward. This is on top of the $LIT rewards that users receive as part of the Litentry crowdloan rewards. Once Litentry wins the auction, the vsDOT will be tradable for swap between DOT and other assets effortlessly. ## Litentry Crowdloan Rewards In case of obtaining parachain slot, $LIT rewards will be distributed to their DOT contributors. - #### Basic rewards - Token Reward Pool: 20,000,000 LIT (20% of total supply) - 1 DOT gets ≥ 2.5 LIT - Hardcap: 8,000,000 DOT - Minimum contribution: 5 DOT - #### Early Bird Bonus (Up to +10%): - 10% additional bonus before parachain auction starts; - 5% additional bonus within the first 7 days since parachain auction starts; - #### Identity Related Bonus (Up to +10%): - 2% additional bonus if signup for waitlist; - Another 8% bonus related to identities will be announced soon. - #### Vesting LIT rewards and LIT bonuses are distributed linearly in each block. The distribution will start once the Litentry parachain runs on Polkadot relay chain and will continue until the parachain slot expires. ## About Litentry Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains. [Litentry Crowdloan](https://crowdloan.litentry.com) | [Website](https://litentry.com) | [Discord](https://discord.gg/Ux7JWaTh) | [Twitter](https://twitter.com/litentry) | [Telegram](https://t.me/litentry) # Bifrost 将通过 SALP 协议助力 Litentry Polkadot Crowdloan 很高兴 Bifrost 将与 Litentry 合作，通过 SALP 协议支持 Litentry 参加 Polkadot 插槽拍卖，并助力 Litentry 铸造衍生资产释放其投票人的平行链质押资产 Liquidity。 ## Bifrost x Litentry Litentry 是一个隐私保护的去中心化身份聚合器，在 Polkadot 生态系统中发挥独特的功能，为多链身份数据提供流动性、互操作性和一致性。成为 Parachain 后，Litentry 将和其他 Parachain 项目之间共享身份数据的效率最大化。而有了聚合的跨链身份，区块链项目可以提供专门的分级身份服务/功能，以推动更好的 Web3 服务。 Litentry 作为第一批 Polkadot 插槽拍卖中最强大的竞拍者之一，Bifrost SALP 将助力其 Polkadot 插槽的 Crowdloan。通过使用 SALP，投票用户将能够铸造 Derivatives vsDOT & vsBond，对冲 96 周的 DOT 锁仓期。此外，vsDOT 和 vsBond 的持有者可以加入 Litentry 的 Derivatives Farming 活动，并获得 Bifrost 的原生代币 $BNC 和 Litentry 的原生代币 $LIT 作为奖励。这是用户通过 Litentry SALP 贡献之外可获得的额外奖励。一旦 Litentry 赢得拍卖，vsDOT 将可以轻松地在 DOT 和其他资产之间进行 Swap。 ## Litentry Crowdloan Rewards 在竞拍 Polkadot 平行链插槽期间，$LIT 奖励将以以下方式分配给他们的 DOT 贡献者。 - #### 基础奖励 - Token 奖励池：20,000,000 LIT（总供应量的20%）。 - 1 个 DOT 可以得到 ≥ 2.5 个 LIT - 封顶：8,000,000 DOT - 最低投票：5 个 DOT - #### 早鸟奖励 (最高+10%) - 在 Parachain 拍卖开始之前，10% 的额外奖励。 - 在 Parachain 拍卖开始后的前 7 天内，5% 的额外奖励。 - #### 身份任务相关奖励 (最高+10%): - 订阅[Crowdloan waitlist](https://crowdloan.litentry.com)，可获得 2% 的额外奖励。 - Litentry 将公布与 Identity 相关的 8% 的奖励活动. - #### Vesting LIT 奖励和 LIT bonuses 在每个区块都是线性分配的。一旦 Litentry parachain 在 Polkadot 中继链上开始运行，那么释放将开始，并将持续到 Parachain 插槽到期。 ## 关于 Litentry Litentry 是一个去中心化的身份聚合器，以基于 Substrate 构建的区块链和分布式的去中心化身份（DID）验证网络为核心特色。DID 验证网络可以为任何区块链上的 DID 应用程序提供去中心化、可验证的身份聚合服务，让 dApp 能够通过可信任的方式，从多个服务端点实时获取属于同一个身份控制者的 DID 数据。Litentry 的身份聚合器承担了解决不可知 DID 机制所涉及的冗余处理、代码等难题，并充当了 Web 3.0 网络中去中心化信用计算和身份生成的底层驱动协议。 [Litentry Crowdloan](https://crowdloan.litentry.com) | [Website](https://litentry.com) | [Discord](https://discord.gg/Ux7JWaTh) | [Twitter](https://twitter.com/litentry) | [Telegram](https://t.me/litentry)