Bifrost's SLP protocol is keeping user's assets safe even during Slash events with its smart staking, quick actions and insuranc
17 Dec 2022, 08:52
Bifrost's SLP protocol is keeping user's assets safe even during Slash events with its smart staking, quick actions and insurance buffer. Recent Kusama chaos story tells a lot about it ⤵️
Bifrost SLP protocol solutions:
✅ Bearing the Slash risk, for each vToken holder the risk is diluted.
✅ Efficient & smart staking strategies balance the rate of return and Slash risk.
✅ Swiftly modifying the set of validators they entrust, enables rapid response in the event of a slash.
✅ An insurance mechanism provides users with a buffer compensation when a Slash occurs, as explained in the article above.
✅ Different compensation mechanisms designed to adapt to several slash situations.
That's why, relying on SLP is a better strategy to get involved in PoS networks than staking individually.
Medium Article 📬