Bifrost Monthly Report

Tech Development

Runtime 21000 (Upgraded)

Upgraded Polkadot dependencies
Optimized vToken exchange rate management for bbBNC compatibility
Improved token type validation logic for vETH minting and redemption
Enhanced token pool management logic for vETH
Optimized the vTokenVoting delegation unlock method
SLPx 1.0 now supports charging cross-chain fees for requests via Hyperbridge

Dapp 1.9.5

Introduced support for vTokenVoting delegation in the app UI

Product Progress

As of this month, Bifrost’s Total Value Locked (TVL) reached $99,093,939.

Among them, vDOT performed exceptionally well, with a total minted supply (TVS) exceeding 20,114,206, and TVL surpassing $77M, reflecting a monthly growth of 5%.

Hyperbridge has successfully deployed DOT/ETH liquidity on Ethereum mainnet and multiple L2 networks. Users can now swap DOT via Uniswap and bridge directly to Bifrost to mint vDOT. 👉 Explore Here
vFIL has been officially sunset on Bifrost. However, users can still request redemption by submitting a form. Redemptions will be processed via governance-backed cross-chain execution. 🔗 Redemption Process
Bifrost is now listed on Astar Dapp Staking**. The Omni Liquid Staking module supports vASTR minting across Astar, Soneium, and multiple L2 ecosystems.
DeFi Singularity now supports Zap-in functionality**, allowing users to add liquidity with one click—no need to manually swap or balance tokens. 🔗 More Details

Marketing & Community

Bifrost co-hosted the Saigon Web3 Builders Meetup in Vietnam, bringing together developers, founders, DeFi builders, and creative minds in Web3 for an evening of collaboration and in-depth discussion.

Bifrost launched a new round of its Creator Incentive Program, designed to reward community creators for producing high-quality content. The program moves beyond opaque algorithms, emphasizing originality, clarity, meaningful engagement, and consistency. Top submissions can earn up to 5,000 BNC.

Bifrost co-hosted a welcome meetup in Tokyo ahead of WebX 2025, connecting with Japanese ecosystem partners, developers, investors, and media. The event featured lively exchanges in a relaxed atmosphere, highlighting the diversity and global reach of the Web3 community.

Bifrost kicked off the highly anticipated bbBNC Boost Week, a week-long warm-up campaign featuring 5 interactive community events. Participants were invited to complete tasks, earn WAVE points, and win $BNC rewards—all leading up to the full rollout of the new tokenomics.