BiFrost(FROST) Mainnet Launch

Having a mainnet comes with several benefits for a multichain solution.

One of the immediate benefits is the greater range of assets that could be utilized in cross-chain actions. The BIFROST multichain solution allows users to operate with both native and wrapped assets, and our multichain DEX will also allow for swaps between canonical assets on two separate chains. This, in conjunction with the existing suite of BIFROST DeFi products, renders the BIFROST Network a liquidity-efficient omnichain solution, tackling the issue of fragmented liquidity and markets. This combination of the traditional multichain solution and the aggregated liquidity solution results in a multichain solution with deep, focused liquidity, that exists to simplify and better the user experience in utilizing different chains.

Another feature of BIFROST is the validation of cross-chain transactions by the whole set of BIFROST full nodes. Thus, the network is sufficiently decentralized and, more importantly, on the path of progressive decentralization as more validators join the network. Built-in relayer and oracle services are run by the validators with the self-bonding stakes subject to slashing. Subsequently, the cross-chain services of BIFROST inherit the decentralized security of the network. In addition, multiple audits and bug bounties are in place to make sure that security is held to the highest standards.

Lastly, a mainnet can be a home to DApps that are born to be multichain. Gone are the days when DApps had to scour for solid, trustworthy bridges to potentially migrate or expand their services to another network. By leveraging the multichain capabilities native to the BIFROST Network, DApps can now be equipped with full multichain capabilities, designed from the get-go to be available across different chains. This is a game-changer for many DApps wanting to take advantage of various chains, such as gaming, NFTs, lending protocols, and many more.

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