Bifrost, a decentralized cross-chain liquidity provider for staked assets, has reached its crowdloan soft cap for its Polkadot parachain auction. The protocol currently has over 369,000 DOT contributed to its crowdloan as it sets to participate in Polkadot’s 16th, 17th, 18th, and 19th auctions for a parachain slot with a two-year lease. Bifrost is ready…
The Moonriver team has announced the Big Unlock event, where it will unlock 1.1 million Kusama (KSM) that was locked in the first batch of parachain crowd loans. The funds will be unlocked “around May 15,” when the lease period is expected to end. ❓ So what is “The Big Unlock”? Around May 15th, ***1.1…
Crypto investment firm Digital Finance Group (DFG) has allocated over 500,000 DOT ($26.5 million) to Acala, a DeFi platform developed on the Polkadot blockchain network, ahead of its bid for a parachain slot. “We proudly announce our very first decision: 500,000 DOT that will be contributed to the Acala Crowdloan. This was a decision made…