Cross-chain liquidity for Staking
Bifrost provides decentralized cross-chain liquidity for staked assets using a web3 derivatives protocol. Through the cross-consensus message (XCM), it can provide cross-chain liquid staking services for multiple chains. Bibrost's mission is to provide Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot with standardized cross-chain interest-bearing derivatives.
Additionally, by aggregating over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, Bifrost's protocol lowers users’ staking threshold, increases multi-chain staking ratio, and improves the ecosystems application interest base.