On July 2024, Bifrost's total value locked (TVL) reached $80,813,585, and the total minted amount of vDOT was 8,166,105.
Among them, vMANTA performed remarkably well, with total minted amount exceeding 6,631,049 and total value locked surpassing $6.58M, representing a monthly growth of 52%.
On July 5, Bifrost invited all Sub-Fellowship applicants to complete their identity setup on Bifrost-Polkadot, make adjustments based on the subgroup details provided, and engage in further discussions on governance-related issues.
On July 11, Bifrost Council member Tyrone attended Polkadot Decoded 2024 and delivered a speech titled "How Cross-Chain Liquid Staking is Revolutionizing the DeFi Industry." He discussed how Bifrost leverages cross-chain components like XCM, SnowBridge, and HyperBridge to attract multi-chain liquidity and shared Bifrost's long-term roadmap and strategic advantages in cross-chain liquid staking.
On July 17, Bifrost released a preview of the BNC 2.0 tokenomics. The new token economic framework will include mechanisms to enhance the utility and value of $BNC, promote long-term holders, and ensure fair revenue distribution. The shift to a revenue-sharing economic model marks a significant step for Bifrost towards a broader DeFi ecosystem.
On July 26, to achieve decentralized operation and block collection on the Bifrost Polkadot chain, Bifrost launch the Collator module on the Bifrost Polkadot chain, guiding Collators on the Bifrost Kusama chain to migrate. An incentive of 8,000 BNC tokens will be provided for the public test.
