Bifrost Finance

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.