Bifrost Finance is a pioneering web3 derivatives protocol focused on delivering decentralized cross-chain liquidity for staked assets. Leveraging the cross-consensus message (XCM), the platform offers cross-chain liquid staking services for multiple chains. The company's mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot. Bifrost aims to aggregate over 80% of PoS consensus chains’ staking liquidity through cross-chain derivatives, thereby reducing users' staking threshold and enhancing the multi-chain staking ratio, creating a three-way positive cycle for the StakeFi ecosystem. This empowers users, multi-chains, and ecosystem applications. Founded in 2019 and headquartered in Singapore, Bifrost has secured over USD 2M in funding from top-tier Venture Capital firms including NGC, SNZ, DFG, CMS, and other institutions. Additionally, the company received early grants from the Web3 Foundation and is a member of the Substrate Builders Program and Web3 Bootcamp. The latest investment of $600.00K in Seed Round was made on 01 September 2020 by prominent investors like LongHash Ventures, NGC Ventures, Digital Renaissance Foundation, SNZ, Youbi Capital, Vibrant Capital Partners, Consensus Lab, CryptoDiscover.
Bifrost Finance
Cross-chain Liquidity for Staking
Singapore
8 employees
Seed
Blockchain, Financial Services +2
General Information
Singapore
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Singapore Market
Blockchain
About Bifrost Finance
Business keywords: Web3, DeFi, Cryptocurrency, Staking, Cross-chain, Liquidity protocol, Derivatives protocol, Polkadot ecosystem, Venture capital, Blockchain interoperability, PoS consensus chains, Substrate Builders Program, Web3 Foundation Grant, Crypto startups, Tech innovation
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FAQ About Bifrost Finance
Source: BounceWatch company record for Bifrost Finance, https://bouncewatch.com/company/bifrost-finance, updated 10 November 2024. When citing, please name BounceWatch and link this page.
