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25 June 2021

This DeFi app helps you access the liquidity of staked Polkadot and Kusama

This DeFi app helps you access the liquidity of staked Polkadot and Kusama


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Called theSlot Auction Liquidity Protocol (SALP)the protocol uses a “vsKSM Mint Drop” that combines KSM slot bidding to preserve Bifrost slot bidding rewards while freeing up KSM liquidity.

The team has submitted a Grant application for SALP (Slot Auction Liquidity Protocol), through which Bifrost will unlock the liquidity of locked DOT/KSM in slot auctions by generating derivatives vsToken (vsDOT/vsKSM) and vsBond.

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