Bifrost's Total Value Locked (TVL) reached $44,079,147.
Among these assets, vBNC showed outstanding performance with a Total Value Staked (TVS) of 20,672,982 tokens, TVL exceeding $1.21M, representing a 37% month-over-month growth.
[WAVE points to bbBNC conversion]((https://x.com/Bifrost/status/2013189725042176490?s=20) has officially launched, a feature determined by community vote (Proposal Ref#162). Users holding at least 26,316 WAVE can convert them to 4-year locked bbBNC at an approximate ratio of 1 bbBNC ≈ 526 WAVE.
Defi Singularity entered its third phase: providing vDOT liquidity in Uniswap multi-chain pools (BSC, ETH, Base, Arbitrum) can yield over 25% APY when combined with staking rewards.
Bifrost launched the vDOT delegation voting, enabling liquid staked DOT holders to delegate governance voting rights with up to 6x conviction multiplier without sacrificing staking rewards, boosting Polkadot OpenGov participation.
Total BNC staked has surpassed 20 million tokens. Before bbBNC's launch, BNC staking stood at 8.96 million tokens. In just two months, total staking volume has grown by over 120%. bbBNC's core mechanism centers on sustainable value capture: all protocol profits are used to buy back BNC, with 90% distributed directly to bbBNC holders and 10% permanently burned.
Bifrost participated in Polkaworld's "2025 Review & 2026 Outlook" livestream, systematically reviewing 2025's key milestones and core metrics, disclosing multiple infrastructure and security upgrade developments, and outlining core strategic directions for 2026 that have entered the definitive planning phase.
Bifrost initiated a governance incentive proposal, suggesting upgrades to the governance experience on Bifrost Dapp and introducing governance incentive mechanisms to further enhance on-chain participation and discussion quality.
Bifrost core developer Ningbo was invited to participate in a Polkadot Builders roundtable discussion, engaging in deep exchanges around "Growth Pathways from Hacker House to APAC Hackathon." Topics covered how investors evaluate projects, winning teams' practical experiences, priority development areas for Polkadot, and long-term survival and growth challenges for hackathon projects beyond the Demo phase.
BNC rewards distribution for Liquid WAVE rounds one and two has been completed. All rewards will be released following a 12-month linear vesting mechanism. Eligible users will receive monthly unlocks automatically without any additional action required. With this, the Liquid Wave campaign has successfully concluded.
Bifrost Developer Relations Lead Tyrone participated in a Polkadot ecosystem roundtable livestream, sharing Bifrost's technical perspective on the Polkadot Hub smart contract launch and exploring future evolution directions for cross-chain staking and yield infrastructure alongside core builders from Hyperbridge and Hydration.
