# Bifrost will support Kintsugi Kusama Crowdloan through SALP Protocol

We are pleased that Bifrost will be supporting Kintsugi in the second batch of the Kusama slot auctions through the SALP protocol and releasing its contributors’ bonding liquidity.

## Bifrost x Kintsugi

Interlay's commitment to building cross-chain infrastructure and DeFi products has resulted in the launch of XCLAIM, a cross-chain interoperability framework.

Its best known product is a cross-chain bridge between the Bitcoin and the Polkadot network, which allows users to mint the BTC anchor Token PolkaBTC 1:1 on the Polkadot network, thereby introducing BTC into the Polkadot DeFi ecosystem.

Kintsugi is Interlay's Canary Network and will be involved in the second round of Kusama's parachain slot bidding as one of the strongest competitors. In an effort to assist in the Kintsugi crowdloan, Bifrost will partner with Kintsugi 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 $KINT rewards that users receive as part of the Kintsugi crowdloan rewards. Once Kintsugi wins the auction, the vsKSM will be tradable for swap between KSM and other assets effortlessly.

In the near future, Bifrost SALP derivative vsKSM will be able to pass the governance as the collateral of Kintsugi's kBTC Vault, stay tuned.

## Kintsugi Crowdloan Rewards

Crowdloan Airdrop: 10% (1 million KINT) of the initial 4-year KINT supply

To create a proactive crowdloan process, Kintsugi features the following special airdrops:

- Early Bird Bonus: 5% for first 3 days of crowdloan
- Referral Bonus: 5% for the referrer and referred
- Success Bonus: up to 100,000 additional KINT if specific KSM lockup targets are achieved.
- Strong Supporter Bonus: from extra 0.5% for 10 KSM voters up to 5% for 1000 KSM super voters.

## About Kintsugi

# Bifrost 将通过 SALP 协议助力 Kintsugi Kusama Crowdloan

很高兴 Bifrost 将通过 SALP 协议支持 Interlay 先行网 Kintsugi 参加第二批 Kusama 插槽拍卖，并助力 Kintsugi 释放其投票人的平行链质押资产流动性。

## Bifrost x Kintsugi

Interlay 致力于构建跨链基础设施和 DeFi 产品，现已推出跨链互操作性框架 XCLAIM。其最知名的产品是比特币网络与波卡网络之间的跨链桥，用户使用该产品可在波卡网络上 1:1 铸造 BTC 锚定币 PolkaBTC，从而将 BTC 引入波卡的 DeFi 生态内。

Kintsugi 是 Interlay 的先行网络，作为最强的竞争者之一参加第二批 Kusama 平行链的拍卖。为了帮助 Kintsugi 竞拍，Bifrost 与 Kintsugi 达成合作，将为其提供 SALP 协议。通过 SALP 协议，用户能够铸币 vsKSM 衍生品用于挖矿，并获得 Bifrost 的原生代币 $BNC 作为奖励，使质押者在参与 Kintsugi 众贷中获得除 $KINT 奖励之外的更多奖励。一旦 Kintsugi 赢得拍卖，vsKSM 将可以轻松地在 KSM 和其他资产之间进行交易。

在不久的将来，由 Bifrost SALP 铸造的 vsKSM 将可能通过 Kintsugi 治理为 kBTC Vault 的超额抵押提供质押储备，Vault 使用者将得到额外的衍生品收益。

## Kintsugi 平行链竞拍奖励

Kintsugi 将拿出 10% 的 $KINT（100 万 KINT）奖励给帮助 Kintsugi 竞拍 Kusama 平行链插槽的投票人。同时，为了创造一个积极的 Crowdloan 过程，Kintsugi 将有以下特别奖励：

- 早鸟奖励：Crowdloan 前3天有 5% 的奖励
- 推荐奖励：5% 的推荐人和被推荐人奖励
- 成功奖励：如果达到特定的 KSM 投票目标，可获得额外 100,000 KINT 奖励。
- 支持奖励：当单个支持者投票超过 10 个 KSM 时，将获得额外 0.5% 的 KINT 奖励。当单个支持者投票超过 1000 个 KSM 时，将获得额外 5% 的 KINT 奖励

## What is SALP?
SALP (Slot Auction Liquidity Protocol) aims to issue derivatives vsKSM for KSM contributors, vsKSM can be used for DeFi applications such as swap and liquidity mining during the KSM bonding period, exchange KSM in AMM at any time. After the parachain lease expires, derivatives can be fully redeemed for KSM in 1:1 peg. [Learn more about SALP](https://medium.com/bifrost-finance/bifrost-salp-release-crowdloan-liquidity-for-participants-c7566fe6cf83)

## 关于 Interlay