According to reports, the Polkadot ecosystem project Bifrost has completed a $10 million Series A funding round. This round was led by NGC Ventures, with participation from Dragonfly Capital, Mirana Ventures, Arrington Capital, Signum Capital, SNZ, and others.
Bifrost is a cross-chain liquid staking protocol that provides users with a one-stop staking service. Users can obtain derivative vTokens by staking native assets, thereby earning Staking rewards, DeFi yields, and liquidity while retaining voting and governance rights.
Currently, Bifrost supports assets such as KSM, DOT, FIS, BNC, GLMR,
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