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title: Bifrost will support Picasso Kusama Crowdloan through SALP Protocol

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# Bifrost will support Picasso Kusama Crowdloan through SALP Protocol

We are pleased that Bifrost will be supporting Picasso in the second 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. The partnership between Picasso and Bifrost will provides developers access to a boarder derivative senarios that they can build on, avoiding the arduous process of obtaining and maintaining their own parachain.

Picasso will participate in the second 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.