A new protocol by Bifrost, a new Polkadot Ecological DeFi basic protocol, solves a core problem of the Kusama (KSM) and Polkadot (DOT) ecosystems, one the community has voiced ever since the two projects went live.
Called the Slot Auction Liquidity Protocol (SALP) the protocol uses a “vsKSM Mint Drop” that combines KSM slot bidding to preserve Bifrost slot bidding rewards while freeing up KSM liquidity.
It allows users to participate in ‘Crowdloans’ by creating derivatives completely decentralized through the Polkadot Cross-Chain Protocol XCMP, allowing them to safely, trustless and free up liquidity to support their favorite Parachain projects at a much lower opportunity cost.
In addition, for Parachain project parties, SALP can also be used as a feature in bidding strategies to increase the success rate of bidding for Parachain slots.
The team has submitted a Grant application for SALP (Slot Auction Liquidity Protocol), through which Bifrost will unlock the liquidity of locke
Źródło: https://cryptoslate.com/this-defi-app-helps-you-access-the-liquidity-of-staked-polkadot-and-kusama/
