The Path to the Creation of SALP, the First Slot Liquidity Release Protocol

Bifrost is a parachain designed for staking’s liquidity. Prior to this, Bifrost has designed a liquidity release plan for staking scenarios and a staking derivative vToken. In the Polkadot ecology, there is another lock-up scenario that urgently needs to release liquidity, and that is Slot Auction.

What is Slot Auction ?

Slot Auction is a resource competition model unique to Polkadot. Polkadot is designed as a sharded network consisting of relay chains and parachains. The essence is that by letting the validator of the relay chain be responsible for verifying the blocks of the parachain, the shared security of the parachain is realized. The way of competition is to stake DOT to the relay chain. The more the stake amount, the more likely it is to obtain a slot. This process is called Slot Aution.