Markets News Report Technology
October 12, 2023

Bifrost Launches Full-Chain Liquidity Staking SLPx Pallet

In Brief

Bifrost today launched the SLPx Pallet, a full-chain liquidity staking developer stack to enhance user experience.

Bifrost Introduces Full-Chain Liquidity Staking SLPx Pallet

Bifrost today announced the launch of its new full-chain liquidity staking developer stack SLPx Pallet. The development aims to transform the way users interact with liquid staking by making it effortlessly accessible and user-friendly.

The SLPx Pallet leverages Polkadot’s native cross-consensus messaging format (XCM), aiming to radically simplify the liquid staking experience for users. One of the standout features of this innovation is its ability to condense the traditionally intricate processes of cross-chain transfers and staking into a single-click action from any blockchain.

By abstracting the complexities usually associated with these tasks, Bifrost offers a more seamless experience, bridging the gaps between multiple chains.

Delving deeper into the workings of Bifrost’s ecosystem, the SLP (Staking Liquidity Protocol) stands as a cornerstone. It facilitates the minting and redemption of vToken on the Bifrost chain. However, an inherent limitation existed: to utilize SLP, users needed to transfer their assets to the Bifrost chain, which posed challenges in terms of user experience.

Recognizing this impediment, Bifrost introduced SLPx, an extension pallet to the original SLP. Its main attraction is allowing users to access SLP’s features from a remote blockchain, eliminating the need to move assets to the Bifrost chain. This, in essence, amplifies the ease of operations while maintaining the integrity of transactions.

As the crypto world continues to evolve, innovations like SLPx signal a future where transactions are not only secure but also exceptionally user-centric. The bridge between chains is getting shorter, and Bifrost is certainly leading the charge in this domain.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

More articles
Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Hot Stories

7 Myths About Prediction Markets That Need Debunking

by Alisa Davidson
October 15, 2025
Join Our Newsletter.
Latest News

7 Myths About Prediction Markets That Need Debunking

by Alisa Davidson
October 15, 2025

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Orderly: Plug-and-Play Perp DEX Infrastructure for the Omnichain Era
Hack Seasons Interview Business Markets Technology
Orderly: Plug-and-Play Perp DEX Infrastructure for the Omnichain Era
October 15, 2025
IO.net: Decentralizing GPUs to Power the Next Wave of AI Innovation
Hack Seasons Interview Markets Software Technology
IO.net: Decentralizing GPUs to Power the Next Wave of AI Innovation
October 15, 2025
Fluence Is Turning the Cloud Inside Out — and Making It Cheaper
Hack Seasons Interview Business Markets Technology
Fluence Is Turning the Cloud Inside Out — and Making It Cheaper
October 15, 2025
7 Myths About Prediction Markets That Need Debunking
News Report Technology
7 Myths About Prediction Markets That Need Debunking
October 15, 2025