🔥 bbBNC Riders campaign is ongoing - Get bbBNC, earn high APY rewards, and participate in the lucky drawJoin Now >
Monthly Report - TVL Breaks $100M, vMANTA 2.0 Upgrade, and Kusama Asset Hub Migration
Products
2025 / 10 / 31 09:00
Bifrost

Tech Development

Runtime 21002

Kusama AssetHub migration completed.

Runtime 22000

This upgrade introduced several enhancements focused on governance delegation, staking abstraction, and cross-chain interoperability:

  • vTokenVoting now supports multi-proxy aggregation for delegated voting.
  • SLP module adds support for generic proxy types in staking management.
  • Enables configuration for generalized many-to-one vToken models.
  • Removed legacy logic related to vFIL and FIL.
  • Improved LoopStake logic.
  • Optimized ETH cross-chain fee calculation on AssetHub.
  • Enabled BNC transfers across networks via BridgeHub.

Dapp 1.10.0

Added support for vETH 3.0 in the Bifrost dApp.

Product Updates

As of this month, Bifrost’s Total Value Locked (TVL) reached $100,448,831.

Among them, vDOT performed exceptionally well, with a total minted supply (TVS) exceeding 23,940,694 and TVL surpassing $77.44M, reflecting a monthly growth of 9%.

As of the end of October, Bifrost's Total Value Locked (TVL) reached $100,448,831.

vMANTA 2.0 Upgrade

Manta Network is migrating its staking infrastructure to Ethereum. To support this transition, Bifrost initiated the vMANTA 2.0 upgrade.

Staking on Manta Atlantic will be deprecated. The upgrade will be completed on November 5.

DeFi Singularity Phase 2

The second round of the DeFi Singularity campaign has launched, offering the same level of incentives as Phase 1.

vKSM Live on AssetHub

Bifrost has completed Kusama AssetHub migration. Both sovereign and derivative addresses have been successfully migrated and verified. Users will soon be able to mint and use $vKSM on the Kusama Asset Hub.

Marketing

Token2049 Presence

On October 1, Bifrost joined Token2049, a major global blockchain industry summit. The team engaged with developers, investors, and builders to discuss the evolution of liquid staking and its role in the future of Web3.

Hackathon Workshop #4

On October 15, Bifrost collaborated with OneBlock to deliver a hackathon workshop focused on the design and implementation of Bifrost's multi-chain architecture. The session was led by Bifrost’s DevRel and product teams.

DeFi Liquidation Roundtable

On October 22, Bifrost DevRel lead Tyrone joined Hydration Co-founder Lolmcshizz in a live roundtable hosted by Polkaworld. The discussion explored the implications of the October 11 crypto liquidation event, which saw $1.9B wiped out in one hour. The session focused on DeFi risk management and resilience.