BIFROST keeps moving through Catalyst Fund14. 😤
Milestone 1 is complete, Milestone 2 is submitted, and Milestone 3 is planned by the end of June.
SPO-secured infrastructure, smart contract flows, and the BTC bridge architecture are moving forward toward mainnet.
Bitcoin
Every SPO, every dApp, and everyone planning to use the Bifrost bridge should start preparing for the Bifrost integration 👀
We’ll be sharing the application form very soon, meanwhile we’ve prepared a nice visual so you can go tell your delegators and users📣
Fluid stats are in:
→ 17.84M $ADA in collateral value
→ 6.82M $ADA in active debt
→ 364 unique wallets
→ 286 lenders
→ 88 borrowers
→ 15.63% collateral share across the tracked lending market
That means incentives are doing what they were designed to do:
bring
Check your wallets, $FLDT stakers! 🎉
Liquidity providers and Aquarium nodes have received their rewards:
→ 14k $ADA
→ 3,3k $USDM
→ 0.05 $BTC
Whales coming in for the rewards, and staying for the best Cardano L&B experience 😎
After careful consideration, we just wanted to say that:
We are doubling down 😤
New full stack dev onboarded, BTC treasury proposal being fine tuned for this week, stablecoin work w/ @USDMOfficial , @wavedigital_ and @nbxcom expanding and coming back, and auto liquidation
Cardano has always been the harder path, but we are here because we chose to walk it. 😤
We chose to build where others saw limits, to keep going when progress felt slow, and to believe that infrastructure, decentralization, and community matter.
Now the path feels even harder.
This is the time you lock in, double down, and start using DeFi on Cardano:
→ FluidTokens.com
Lend, Borrow, Stake, Bridge Bitcoin w/ Bifrost, Supply Liquidity, Use Collateral, Earn Yield, Pay Fees with Any Token, Create Tanks, use CARDANO!
Now more than ever. 💙
The market goes up and down, while Fluid stays growing 😤
debt, number of wallets and collateral have been soaring in the past 7 days!
This means fluid has now more liquidity, with more users and a higher utilisation.
*Chef’s Kiss* 💙
“but i’m not technical”
“but I don’t know what half of this means”
“but I never tried a testnet before”
"but but but"
If you like accessing Bitcoin from Cardano and back, It’s never too late to start testing the BIFROST Bridge in public testnet 👇
bifrost.fluidtokens.com