XCM Integration of Integritee and Bifrost Completed

Zurich, Switzerland, November 16th, 2022 — The XCM integration of Integritee and Bifrost has been completed: TEER is now live and available on Bifrost.

This integration will enable TEER to be available on Bifrost’s network. TEER token holders will be able to use Bifrost’s DeFi platform for liquidity and swapping features in the future. This integration fosters innovative solutions and opportunities under the multi-chain development logic.

About Integritee

Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Sidechains, and the confidentiality of Trusted Execution Environments (TEE), a special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably.

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About Bifrost

Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. By leveraging on the cross-consensus message (XCM) it can provide cross-chain liquid staking services for multiple chains. Bifrost’s mission is to provide standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and heterogeneous chains bridged with Polkadot.

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