Bifrost is a Web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. By leveraging the Cross-Consensus Message (XCM), it can provide cross-chain liquid staking services for multiple chains. Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot. Furthermore, by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, our protocol lowers users' staking threshold, increases multi-chain staking ratio, and improves the ecosystem's application interest base by creating a three-way positive cycle for the StakeFi ecosystem by empowering users, multi-chains, and ecosystem applications. Bifrost has raised over USD 2M from top-tier venture capital firms by the likes of NGC, SNZ, DFG, CMS, and other institutions. In addition to being an early receiver of a Web3 Foundation grant, Bifrost is also a mem
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