Bifrost is currently trading at $0.00979, with a 24-hour trading volume of $ 79,331. Over the past 24 hours, the price of Bifrost changed by -5.37%, and over the past week, its value in USD rose by +2.65%. The circulating supply of Bifrost is 37,484,376 BNC, with a market cap of 406,259 USD, down -5.37% in the last 24 hours. Bifrost is ranked #2433 by market cap.
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot (PLO). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of Substrate Builders Program and Web3 Bootcamp.
vToken can optimize transactions in multiple scenarios such as DeFi, DApp, DEX, CEX, and realize the transfer channel of pledge rights such as staking and PLO through vToken, realize the risk hedging of pledge assets, and expand scenarios such as vToken as collateral for lending, its staking reward part of the interest can be offset to achieve low-interest loans.