Native PROS Staking: Enhanced validator search, filtering, sorting, and favorites, with additional displays for validator details, delegator counts, and unstaking progress.
Transaction Experience: Added instant quotes based on user input, improved the staking, unstaking, and claiming flows, and fixed display issues involving principal, rewards, and the exit queue.
Yield and Protocol Metrics: Improved yield and protocol-scale data on the homepage and Overview page, with clearer distinctions between estimated and historical returns. A local implementation of real-time TVS and TVL tracking was also added to Overview.
stPROS Asset Operations: Advanced the underlying staking process, reward collection, and redemption liquidity management, while strengthening governance permissions, migration safeguards, and settlement protection.
Campaign Verification: Added eligibility checks for the Galxe stPROS staking campaign based on each user’s cumulative deposits during the campaign period.
Faroo 0.5.1 — In Development
Automated Pricing: Planning automatic FaroSwap pool price updates based on the on-chain stPROS exchange rate, with restricted permissions for automation scripts.
Agent Access: Added local requirements for Pharos Skill and the Anvita Flow Service Agent, enabling users to check positions and redemption progress through conversations and prepare transactions for user signature.
Staking Activity Updates: Planning community notifications for stPROS minting and redemption activity, helping users and the operations team track protocol activity.
USD Vault 1.0.0 — In Development
Deposits and Redemptions: Improved vault capacity limits, instant quotes, and queued redemption settlement to reduce discrepancies between previews and actual execution.
Governance and Upgrades: Introduced protection periods for parameter changes and execution windows for upgrades, reducing the impact of configuration changes on existing funds and processes.
Yield and Risk Sharing: Strengthened yield recognition, fee accrual, and first-loss pool settlement, while improving the handling of small fees and abnormal valuations.
Strategy Integrations: Improved Nest asynchronous redemptions and Pharos cross-chain asset recovery, including status reporting and protection mechanisms for reconciling in-transit funds and recoverable assets.
Frontend Contract Integration: Integrated the latest Sepolia contracts and refined the waiting, funding coverage, and claimable states of redemption receipts, along with clearer guidance for failed operations.
Data and Operations: Enhanced user history, fund-flow tracking, and asset-allocation statistics, while adding signed-operation tracking and exception recovery capabilities.
Bifrost Runtime 27000 — In Development
Farming Rewards: Fixed reward accrual for empty pools and underfunded reward pools, preventing later participants from claiming unallocated rewards or unsupported rewards from accumulating.
Farming Boosts: Corrected share calculations after additional deposits so reward boosts reflect each user’s full position.
bbBNC Reward Claims: Enabled rewards to be claimed separately by token, preventing insufficient funds in one reward asset from blocking claims in other assets.
bbBNC Position Protection: Preserved positions and accrued entitlements when maturity reward data is missing, while isolating failed processing for affected users so updates can continue for others.
vToken Redemptions: Improved failure rollbacks and retry handling to reduce inconsistencies between payments and redemption records, as well as the risk of duplicate payments.
vToken Accounting: Fixed historical accounting issues involving abnormal exchange rates, restaking, and vBNC on Kusama.
Product Updates
Continued Improvements to vDOT Yield and Efficiency: Bifrost-operated validators distribute approximately 60% of their rewards to vDOT holders. During the month, vDOT APY frequently exceeded native DOT staking yields, reaching approximately 4.17%–4.95% compared with around 2.8% for native staking. On-chain records also showed approximately 6,000 DOT in validator incentives distributed over the past month.
Strong Fast Redeem Performance: The Fast Redeem mechanism continued to improve capital efficiency. In one case, approximately 25,500 vDOT was redeemed for around 42,510 DOT in about 54 minutes—significantly faster than Polkadot’s native unbonding period of roughly two days. In September, approximately 120,000 vDOT, equivalent to nearly 200,000 DOT, was also redeemed in around 31 hours.
BNC and bbBNC: Approximately 30% of the total BNC supply is currently staked, with more than 52% of that amount locked in bbBNC. Through protocol buybacks and profit sharing, bbBNC currently provides an APY of approximately 17%.
Faroo Wallet Integrations and Roadmap: The Faroo DApp now supports Binance Web3 Wallet and OKX Web3 Wallet, enabling one-click PROS staking without manual network configuration. Next, Faroo plans to launch tbPROS, combining PoS staking rewards with RWA cash flows, and Faroo Points, a rewards system for long-term holders and active ecosystem participants.
Marketing and Community
On October 21, Faroo launched a Galxe Quest campaign ahead of the stPROS launch on Pharos, offering a total of 100,000 points. Users can earn points by completing designated tasks, with the points convertible 1:1 into Faroo Points once the rewards system goes live.
On October 22, Faroo hosted an English-language Space with ecosystem guests to discuss the future of liquid staking on Pharos and how staking rewards, RWA yield, and DeFi applications can create new on-chain opportunities for PROS holders.
stPROS officially launched on October 28. Users can stake PROS to receive transferable stPROS, allowing them to continue earning network staking rewards while retaining liquidity. Total PROS deposits have exceeded 2 million, with an APY of approximately 42%. Rewards accrue automatically through the exchange rate rather than through a rebase mechanism.
On October 29, Faroo and Pharos ecosystem partners hosted an English-language Space following the stPROS launch. The discussion explored how PROS holders can earn rewards through liquid staking and the potential applications of stPROS across the DeFi ecosystem.
