
The live price of Bifrost is $0.0145, with a total trading volume of $ 66,213 in the last 24 hours. The price of Bifrost changed by +1.31% in the past day, and its USD value has decreased by -5.5% over the last week. With a circulating supply of 37,484,376 bnc, the market cap of Bifrost is currently 542,664 USD, marking a +1.31% increase today. Bifrost currently ranks #2229 in 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.