# Bifrost SALP Supports the SORA Network Kusama Crowdloan
Bifrost 宣布支持 SORA Network 的 Kusama Crowdloan。

###### tags: `Marketing`

Bifrost 宣布支持 Kusama SORA Network Crowdloan 活动。SORA Network 既是一个去中心化中央银行概念的超国家世界经济体系，也是 Polkadot 生态系统中的一个网络。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 SORA Network 合作，助力众贷参与者在 SORA Network 实现质押 KSM 的同时获得流动性衍生品的体验，为参与众贷的用户创造创新型解决方案，帮助更多 Kusama 众贷贡献者在多链化的发展格局下获得更多竞争机会。

Bifrost announced its support for the SORA Network crowdloan. SORA is both a supranational world economic system that decentralizes the concept of a central bank as well as a network in the Polkadot ecosystem. Bifrost is committed to providing liquidity to locked assets between multiple chains and establishing a liquidity bridge between heterogeneous chains.

During this Kusama crowdloan event, Bifrost will cooperate with SORA to help crowdloan participants access liquid derivatives of staked $KSM, creating innovative solutions for users participating in the Kusama crowdloan and competitive opportunities under the multi-chain development pattern.

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，并为参与 SORA 众贷的贡献者提供丰富的衍生品使用场景，包括衍生品挖矿、流动性挖矿、Swap、跨链等，本次支持 SORA 众贷活动有有助于 Bifrost 让 SORA 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 SORA 众贷中。

Bifrost's advantage is to mint fully decentralized liquid derivatives based on the Kusama Parachain, and provide rich derivatives use cases for contributors participating in the SORA Network crowdloan, including derivative farming, liquidity mining, swaps and cross-chain token swaps. Support for the SORA crowdloan event will help Bifrost unlock a new opportunity with the SORA community to introduce the Slot Auction Liquidity Protocol (SALP), and encourage more users to participate in the SORA crowdloan.

SORA is a community dedicated to creating a supranational multiverse economic system with built-in tools for decentralized finance. The SORA Network implements a new model of parachain architecture on Polkadot and Kusama, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem. Connecting to Kusama and Polkadot via parachains will make SORA available to a broad and highly engaged community, further powering its development. The SORA Kusama Parachain will use XOR as its native token and be governed independently of the existing SORA Network, giving it endless possibilities to evolve over time.

Bifrost 运用 Kusama 平行链与中继链跨链的方式，为 SORA 众贷提供更完善的使用体验。这种创新的的众贷流动性解决方案将使用户有机会在长达 48 周的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。SORA 将协助 Bifrost，在众贷对接流程提供技术支持，推动 Bifrost 与 SORA 生态的长久合作。[了解更多 SALP 的去中心化实现](https://hackmd.io/7gf6E-btT52WKnpIwCKM9w)
SORA 的 SALP 众贷入口已上线 https://bifrost.app/vcrowdloan ，欢迎开发者与用户体验。

Bifrost implemented a cross-chain between Kusama Parachain and Relay-chain for the SALP, to provide a more complete experience for the SORA crowdloan. This innovative crowdloan liquidity solution will give users the opportunity to increase capital utilization during the 48-week crowdloan lock-up period and make choices about their own risk appetite. SORA will assist Bifrost, provide technical support in the crowdloan docking process, and promote the long-term cooperation between Bifrost and SORA. [Learn more about how SALP will evolve to full decentralization](https://hackmd.io/7gf6E-btT52WKnpIwCKM9w)
Bifrost SALP for the SORA Crowdloan has already launched on https://bifrost.app/vcrowdloan, welcome to try it.

### SORA Network Crowdloan

Parachain auctions are held to determine which blockchains will connect to Kusama and Polkadot parachain slots. Crowdloans allow blockchain developers to crowdsource the DOT or KSM used to purchase the slots.

Anyone can participate in the SORA crowdloan with a minimum contribution of 0.1 KSM, using polkadot.js.org, the built-in staking function in Fearless Wallet, or partner ecosystems such as Bifrost.

The SORA community voted to allocate vested VAL, PSWAP, and XSTUSD tokens as well as unvested XOR tokens as rewards for crowdloan contributors, including contributors via Bifrost (note that an RMRK NFT and the Ceres ecosystem token DEO will also be allocated, but these special rewards are reserved for certain top/early contributors using polkadot.js.org or Fearless Wallet).

Note that there is no risk of losing your KSM: if the auction is not successful, it will be returned immediately, whereas if it is successful, it will be returned after a vesting period along with your SORA rewards.

### About SORA Network

SORA is a new economic order: a bold new model for the creation of value, both in cryptocurrency ecosystems and the economy of goods and services. It is based on the realization that for cryptoeconomic systems and decentralized communities to compete with traditional, centralized economies and societies, they must be based on a rational economic model.

Based on the empirical research of Richard Werner and others, SORA implemented a token bonding curve to autonomously manage the issuance of the XOR token in a rational way. SORA is democratic and decentralized: robust governance institutions (the SORA Parliament) will allow users to guide its future function development, as well as the allocation of XOR to crowdsourced projects and initiatives. The committed, technically skilled SORA community excels at building tools for decentralized applications that use digital assets, such as atomic token swaps; bridging tokens to other blockchains; and creating programmatic rules involving digital assets.

Examples are Polkaswap, a non-custodial cross-chain AMM DEX which is significantly more efficient and easier to use than competing exchanges, and Fearless Wallet, a non-custodial, decentralized, open-source mobile wallet designed for the Kusama and Polkadot ecosystems that supports staking and other advanced features within a user-friendly UI. Through cooperation with other tech innovators, SORA aspires to link the many worlds of the multiverse through a single, rational and democratic forum for value creation and exchange.

### 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。
如需了解更多信息，请访问：https://bifrost.finance/

About Bifrost
Bifrost is the Polkadot Ecological DeFi basic protocol, and 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 the Substrate Builders Program and Web3 Bootcamp.
vTokens 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 vTokens, realize the risk hedging of pledge assets, and expand scenarios such as vTokens as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.
Learn more about Bifrost: https://bifrost.finance/