Lets talk about BIFROST Network and ecosystem.
About BIFROST
BIFROST was founded in 2017 by two professors and another founder with extensive experience in finance and computer science, Dohyun Pak, Jonghyup Lee, and Changhyun Yoo with the goal of developing a multichain middleware platform that enables developers to create Decentralized Apps (DApps) on top of multiple protocols.
BIFROST has introduced a number of DeFi products, including BiFi, BiFi X, ChainRunner, and Biport (more on that below), and now focusing on building a multichain ecosystem inside of our network by utilizing the proprietary built multichain technology of BIFROST.
BIFROST recently raised $8.4 million, following the seed funding of $3.3 million back in 2019 from some of the biggest equity firms in South Korea, including Korea Investment Partners Co., Ltd, STIC Ventures, and other notable investors.
Some Products in the Bifrost Ecosystem
BIFROST ecosystem in its current state represents a set of products, all of which are focused on enhancing cross-chain user experience but are not necessarily connected to each other. BIFROST Network will be a link between existing products and the platform for developers to build the next generation of cross-chain applications.
Bifrost Network : An EVM compatible blockchain that developers can build multichain dapps on, it will enable cross-chain actions across Ethereum, Klaytn, BNB Chain, and Avalanche and more.
Biport Wallet
Natively cross-chain Biport Web-3 wallet. With extension already available in Chrome Store, it provides users with frictionless chain-agnostic user experience in five networks — Ethereum, BNB Chain, Polygon, Klaytn, and Avalanche, as well as BIFROST Network testnet.
ChainRunner Q
ChainRunner Q is a comprehensive DeFi aggregator that interconnects DeFi applications on different chains. Chainrunner Q currently supports spot exchanges and lending markets, namely Compound, Aave V2, BiFi, BiFi X, and SushiSwap.
BiFi X & Owly
Both BiFi and Owly are tools for DeFi portfolio management. While BiFi X provides users with leveraged yield farming and margin trading with up to 4x leverage, Owly offers curated trading strategies. With Owly, anyone can build out a winning trading strategy and a complex portfolio with minimized trading steps, in-app swaps, and asset management functionality.
Learn more
More details and news and announcements can be found below
