Development

Runtime 17000

• Enabled asynchronous 6-second block production.
• Completely removed all modules related to Gov1.
• Implemented rapid unlocking in vTokenVoting after unsuccessful votes.
• Optimized cross-chain fee friction for SLP.

Runtime 17001

• Support for the latest Hyperbridge indexer.
• Enhanced XCM oracle logic for compatibility with Hydration.

Dapp 1.9.4

• Launched the second season of the vDOT Subsidy.
• Relaunched flexible fee mechanism for vBNC on Bifrost-Polkadot.
• Adapted to Bifrost's 6-second block production.

Product

In March, Bifrost’s Total Value Locked (TVL) reached $60,997,877, with vDOT’s Total Value Staked (TVS) hitting 8,554,699.

Notably, vMANTA performed exceptionally, with the total minted amount (TVS) surpassing 8,290,190, and its total TVL exceeding $2.36 million, showing a 8.09% month-over-month growth.

• Hydration joined the Bifrost Reward Sharing Program (RSP). With gigaDOT’s upcoming launch, Hydration’s Dapp UI will integrate vDOT minting features, significantly enhancing user experience for both vDOT and gigaDOT.
• Bifrost successfully completed the first repayment of its Polkadot liquidity loan and initiated the second round proposal. Similar to the first round, this proposal aims to borrow 500,000 DOT over one year to bolster vDOT/DOT liquidity.
• Polkadot community members Alice und Bob proposed utilizing Polkadot treasury funds to inject liquidity into Bifrost and Hydration, aiming to expand use-cases for vDOT and gigaDOT. The detailed proposal can be accessed here.

Marketing

• The Bifrost team participated in the JAM Tour in Shanghai, Hangzhou, and Shenzhen, showcasing our business development strategies leveraging Polkadot technology through thematic Pre-talk speeches.
• The second season of the DOT Unstaking Subsidy Program commenced. Users who unstake DOT from nomination pools or Classic Staking and restaked it as vDOT on Bifrost became eligible for subsidy incentives.
• The Polkadot Yappers campaign was launched, encouraging creators to produce in-depth analysis, tutorials, or creative content related to Bifrost, with outstanding contributions earning BNC rewards.
• Bifrost Community Manager Thomas joined the Next Block Expo and ETH Warsaw events in Poland. His presentation highlighted the Bifrost SLPx architecture and demonstrated how Bifrost and Hyperbridge are revolutionizing DeFi on ETH Layer 2 solutions.

• The BNC Explorers event concluded successfully, meeting its initial goal of minting 2,700,000 BNC in just 10 days, followed swiftly by achieving an additional 800,000 BNC. Driven by this event, the total minting of vBNC reached a new high of 11,800,000 tokens.