PiLab Technology develops the BIFROST multichain infrastructure, enabling the creation of decentralized applications (DApps) across various blockchain networks, including Ethereum and Binance Smart Chain. Their solutions address the limitations of existing blockchain infrastructures by providing a full developer suite for DApp development and a decentralized lending protocol that supports multiple assets and networks.
Funding
$11.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SVFounders
Product
Problem
Developing decentralized applications (dApps) that operate across multiple blockchain networks is complex due to the fragmented nature of existing blockchain infrastructures. Developers face limitations in building and deploying applications that can seamlessly interact with different chains, hindering the potential for broader adoption and interoperability.
Solution
PiLab Technology's BIFROST is a multichain infrastructure designed to simplify the development and deployment of dApps across various blockchain networks. It provides a comprehensive developer suite that abstracts away the complexities of individual blockchain networks, allowing developers to build applications that can interact with multiple chains simultaneously. BIFROST aims to bridge value across scattered networks, enabling real-world use cases in decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi.
Target Audience
The primary target audience includes blockchain developers and enterprises looking to build and deploy dApps across multiple blockchain networks, as well as users interested in participating in multichain DeFi, NFT, and GameFi ecosystems.
Features
- Full developer suite for multichain DApp development, removing infrastructure constraints specific to individual blockchain networks.
- BiFi: A decentralized multichain DeFi lending protocol supporting Ethereum, Binance Smart Chain, Avalanche, and Klaytn networks, including native-BTC lending on Ethereum.
- BiFi X: An automated one-click multichain leverage platform powered by flash loans, designed to reduce transaction fees and time for yield farming and margin trading.
- ChainRunners: Smart integration software engine for customizable blockchain strategies, including Chainrunner Q, an automated DeFi aggregator.
- Biport: A combined decentralized wallet available as a Chrome extension, facilitating multichain interactions across dApps, DeFi, NFTs, and GameFi.