Tech Development

Runtime 25000 (Released)

Runtime 25000 has been successfully deployed with several infrastructure improvements, including:

A new risk control mechanism for large inbound cross-chain asset transfers
USDT accumulation for the FeeShare operational revenue model
Automatic creation of bbBNC positions when distributing bbBNC rewards

Runtime 25002 (In Testing)

Development of Runtime 25002 is currently underway with the following improvements:

Fixed reward settlement snapshot logic for expired bbBNC positions
Reduced PaymentInRound for parachain staking to 90 BNC per round
Tightened access control for the SLPv2 add_delegator call

Faroo 0.3.0 (In Testing)

Development continues for the next Faroo release, including:

stPROS staking contract for Pharos mainnet
stPROS Yield Vault contract
Integration of the Pre-Mint Fixed Yield Vault into the Faroo dApp

Backend Services (In Development)

The backend infrastructure continues to be upgraded with:

Ongoing architecture refactoring and optimization
A more comprehensive monitoring and alerting system

Product Updates

Bifrost's Total Value Locked (TVL) reached $17,941,305 this month.

Bifrost Proposes Renewal of the 1M DOT Treasury Loan

Bifrost has submitted a proposal to renew its 1 million DOT Treasury loan for another 12 months. The proposal includes full repayment of the previous loan's 53,185 DOT interest, a new blended interest rate of approximately 3%, and a commitment to use the capital exclusively for vDOT staking and liquidity support.

The proposal also enables vDOT holders to participate in Polkadot OpenGov through delegated voting.

Read the proposal on Polkadot OpenGov: https://polkadot.subsquare.io/referenda/1904

Preparing vDOT for the Polkadot DAP Upgrade

Bifrost is actively preparing vDOT for the upcoming Polkadot Dynamic Allocation Pool (DAP) upgrade.

Once implemented, the network's unbonding period will be reduced to 2 days, allowing vDOT holders to benefit from:

Lower network-level staking risk
Higher capital efficiency
More frequent arbitrage opportunities between vDOT and DOT

Faroo Launches stPROS Pre-Mint

Faroo officially launched the stPROS Pre-Mint campaign this month, allowing users to subscribe through the Faroo App and receive early access before the public launch.

Learn more and join the campaign: https://app.faroo.xyz/pre-mint

Marketing & Community

DAP Reform Brings New Opportunities for vDOT

Polkadot OpenGov Referendum #1909 introduces the Dynamic Allocation Pool (DAP) reform, allocating 22.6% of staking rewards toward validator self-stake incentives while adopting a 0% validator commission model.

For Bifrost vDOT, these changes are expected to improve validator capital allocation and staking efficiency without changing the underlying risk profile.

Reminder for Interlay & Kintsugi Users

Bifrost reminded users that the Interlay and Kintsugi networks will officially shut down on July 22, 2026.

Users holding vDOT, vKSM, BNC, or other assets on either network should withdraw their assets before the deadline, as any remaining assets may become inaccessible once the networks are discontinued.

More details: https://x.com/Bifrost/status/2065479295259271174

Proposal to Make vDOT a Zero-Fee Liquid Staking Token

The Bifrost Foundation has officially submitted a proposal to remove the remaining protocol fees on vDOT by:

Reducing the staking commission from 10% to 0%
Eliminating the 0.1% unstake fee

If approved, vDOT will become a zero-fee liquid staking token, allowing holders to receive 100% of DOT staking rewards while staking and redeeming without protocol fees.

The proposal is currently open for community discussion and governance voting.

Learn more: https://x.com/Bifrost/status/2071522039152914649