This month, Bifrost’s total value locked (TVL) reached $66,562,888.
Among all assets, vDOT stood out with a total minted volume (TVS) exceeding 11,059,597 vDOT, accounting for over $50.32M in TVL, reflecting a 22.69% increase month-over-month.
Bifrost Liquidity Loan Proposal: Aiming to borrow 1,000,000 DOT from the Polkadot Treasury to enhance vDOT/DOT liquidity and broaden vDOT's utility across the ecosystem. The proposal has been approved via OpenGov referendum, and DOT is scheduled to be transferred to Bifrost on June 2.
gigaDOT Launch on Hydration: In April, Hydration introduced gigaDOT, a synthetic asset combining vDOT and DOT loan certificates. The product has since accumulated 9.15M in available TVL.
Bifrost Builders Workshop – Episode 1: Kicking off the series with "Building Interoperable Frontends for vTokens," this initiative guides developers through real-world use cases of building with vTokens. Bifrost also offers a rich bounty pool for contributors.
Explore open bounties: Bifrost Bounties & RFPs
May 2: Bifrost launched an AI-generated content giveaway campaign. Five lucky participants each won 200 $BNC, marking the debut of Bifrost’s new mascot, Frosty, and exploring the creative potential of AI.
May 22: Tyrone, Bifrost DevRel, joined the “Polkadot Open Call” AMA hosted by OneBlock to discuss gigaDOT’s underlying mechanics, ecosystem role, and Polkadot’s cross-chain liquidity strategy.
May 27: The two-month “Reward Polkadot Yappers” campaign concluded with over 60 creators participating. The campaign achieved over 100,000 total views across platforms and distributed more than 80,000 $BNC in rewards.
