Dev Progress

Runtime 22001 (Upgraded)

Supports Polkadot AssetHub Migration (AHM)

Runtime 22002 (Upgraded)

Optimized BNC P<>K cross-asset fee logic

Runtime 23000 (Under Development)

vETH SLP now supports Snowbridge ETH
SLPv2 protocol adds support for universal XCM types
SLPv2 adapts to the Commission Channel module
SLPx compatibility extended to AssetHub
Permanent locking option added for bbBNC
XCM cross-chain transaction components refactored and optimized
Global vToken exchange-rate security enhancements

Omni LS 1.10.0 (In Testing)

Supports vETH 3.0

Dapp 1.10.0 (In Testing)

Supports vETH 3.0

Product Updates

Bifrost’s Total Value Locked (TVL) reached $63,551,911 this month.

Among all products, vBNC delivered a standout performance, with a total minting volume (TVS) of 14,842,924 vBNC and over $1.36M in TVL — marking a 63% month-over-month growth.

Since the launch of Bifrost’s buyback mechanism, bbBNC — the core revenue-sharing token — has accumulated over 10,000,000 BNC locked.

To date, Bifrost has bought back 1,102,067 BNC and burned 123,109.13 BNC, with an average lock time of 442 days.

bbbnc buyback.png

View bbBNC dashboard

vMANTA 2.0 Upgrade — aligned with Manta Network moving its native staking to Ethereum, vMANTA 2.0 migration is now complete. Users can mint the upgraded vMANTA directly on Ethereum mainnet using omni.ls.

Full guide: How to liquid stake MANTA

DeFi Singularity Round 2 incentives are now live, with the same reward pool as Round 1.

How to participate this event:DeFi Singularity Tutorial

Marketing & Community

Nov 1 — Launch of Tokenomics 2.0: bbBNC (Buy Back BNC)

Bifrost officially launched Tokenomics 2.0, introducing bbBNC — the revenue-sharing lock certificate for BNC. Under this model, 100% of protocol profits are used to buy back BNC, with 10% burned and 90% distributed to bbBNC holders.

Nov 4 — bbBNC Twitter Space

Bifrost hosted a dedicated Twitter Space to walk through bbBNC’s utilities, reward mechanics, and the structure of the new economic model.

Nov 4 — Scored 38/40 on Blockworks Token Transparency Framework

Bifrost achieved an impressive 38 out of 40, demonstrating industry-leading transparency across revenue disclosure, governance, treasury structure, and tokenholder alignment.

Nov 14 — People Chain Incentive Deep Dive

Bifrost Co-Founder Lurpis joined PolkaWorld’s livestream to unpack the design and value behind the “People Chain” activation campaign.

Nov 15–20 — Bifrost at Sub0, Buenos Aires

Bifrost Dev Rel Victor attended Polkadot’s Sub0 conference in Buenos Aires and delivered a talk titled “Yield Fusion: Bifrost’s Strategy for Yield Aggregation.”

See the highlights here