This month, Bifrost’s total value locked (TVL) reached $61,743,694.
Among them, vDOT performed exceptionally well, with a total minted supply (TVS) exceeding 15,027,705, and TVL surpassing $43M, reflecting a monthly growth of 36.3%.
Bifrost liquidity loan deployed: Bifrost proposed a 1,000,000 DOT loan from the Polkadot Treasury to enhance vDOT/DOT liquidity and expand vDOT’s use cases within the ecosystem. The liquidity has now been transferred to Bifrost through Step 1 and the vDOT minting and vDOT/DOT liquidity provisioning has been completed in Step 2.
Hydration has doubled the vDOT Supply Cap in its Money Market. The new cap is now $1.33M.
The second edition of the Bifrost Builders Workshop has been released, themed: Building a Yield Delegation Vault. This session demonstrates how to use vTokens to build a vault and route staking rewards to vault participants.
Explore Bifrost Bounties here
On June 5, the second phase of the DOT unbonding subsidy program officially ended. The final snapshot of vDOT balances was completed on June 1, and the subsidies were distributed in DOT.
On June 16, Bifrost Community Lead Thomas joined a panel discussion during Berlin Blockchain Week titled "Decentralised Funding", where he explored how to access opportunities in decentralized fundraising. Other panelists included Piet Wolff, Technical Evaluator at Web3 Foundation, and Anton, Co-Founder of Novasama.
In June, the Bifrost Reward Share Program continued to progress. Through this program, partners earn commissions for every vToken minted through their channel. There are currently 15 active partners, with total effective TVL exceeding $6.67M.
In June, Bifrost officially launched its new Social Ambassador Program. By participating in content creation and social media distribution tasks, ambassadors can earn BNC rewards. Active contributors may also unlock additional quarterly incentives.
