Tech Development

Runtime 2000 (In Progress)

• Support for vDOT OpenGov delegation voting.

Dapp 1.10.0 (Testing Phase)

• Full integration of bbBNC.

Campaign 1.2.0 (Testing Phase)

• Updated logic and content related to the bbBNC Riders campaign.

Runtime 19000 (Upgraded)

• Replaced ParachainStaking with CollatorSelection in the Bifrost-Kusama;
• Migrated native Bifrost EVM assets to Snowbridge native ETH;
• Streamlined systemStaking module;
• Enabled custom transactions via XCM;
• Fixed anomalies in the buyback random repurchase mechanism;
• Updated the bbBNC redemption fee calculation;
• Integrated with pallet changes from the SLPx 2.0 upgrade;
• vETH 3.0 now supports redemption to multiple Ethereum L2 networks.

Website 2.0.0

• Rolled out with an entirely new visual design and improved user experience.

Product Progress

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 $31.51M in TVL. After hitting its initial cap, Hydration expanded capacity, with 22.5% remaining, equivalent to $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

• New Bifrost Website Is Live: The new site comes with major improvements focused on:
  • A refreshed visual identity;
  • Simplified presentation of key information;
  • Cleaner and more intuitive user flows;
  • Categorization of vToken application scenarios;
  • A rotating carousel of Bifrost’s past events.

Marketing

• 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.