Bifrost Monthly Update: New Tokenomics Launch, Record bbBNC Lock-ups, and Cross-Chain Expansion

This month, Bifrost marked a pivotal phase in its evolution, rolling out fundamental upgrades across its tokenomics, product suite, and cross-chain infrastructure. The successful launch of Tokenomics 2.0 and the rapid adoption of its bbBNC lock mechanism have initiated a powerful flywheel, redirecting protocol profits directly back to long-term stakeholders. Coupled with significant technical upgrades—including the full migration of vMANTA 2.0 to Ethereum—Bifrost continues to solidify its role as the cornerstone for liquid staking and cross-chain yield across Polkadot and beyond.

** Development Progress: Enhancing Security & Interoperability**

Our engineering team executed key runtime upgrades, focusing on expanding staking liquidity provision (SLP) support, optimizing fee structures, and strengthening the security of our vToken ecosystem.

Recent Runtime Upgrades:

Runtime 22001: Integrated support for the Polkadot AssetHub Migration (AHM).

Runtime 22002: Optimized cross-asset fee logic for BNC, improving efficiency for cross-chain users.

Key Features in Development (Runtime 23000):

vETH SLP Integration: Now supports Snowbridge ETH.

SLPv2 Expansion: Adds universal XCM type support and adapts to the updated Commission Channel module, with extended compatibility for AssetHub.

bbBNC Permanent Lock: Introduces an option for permanent locking, aligning with long-term governance and revenue incentives.

Infrastructure & Security: Includes a refactor of XCM cross-chain components and global enhancements to vToken exchange-rate security.

Product Updates in Testing:

Omni LS & Dapp 1.10.0: Currently in testing, integrating vETH 3.0 for a seamless omni-chain liquid staking experience.

📈 Product & Ecosystem Growth: Strong Momentum Across Metrics

Bifrost’s core products demonstrated robust growth, reflecting deepening user engagement and ecosystem trust.

Total Value Locked (TVL): Steadily maintained at $63.55M.

vBNC Performance: A standout this month, with total minting reaching 14.84M vBNC and TVL surpassing $1.36M, representing 63% MoM growth.

bbBNC Breakthrough (Tokenomics 2.0 in Action):

Since the buyback mechanism launch, over 10 million BNC have been locked in bbBNC—the new revenue-sharing certificate.

1,102,067 BNC bought back by the protocol.

123,109 BNC permanently burned.

442 days – the average lock duration, signaling profound long-term confidence.

Under Tokenomics 2.0, 100% of protocol profits are used to buy back BNC, with 90% distributed to bbBNC holders and 10% burned.

Key Migration & Campaigns

vMANTA 2.0 Migration Complete: Following Manta Network’s transition to Ethereum, Bifrost has fully upgraded and migrated vMANTA 2.0. Users can now mint directly on Ethereum mainnet via omni.ls, benefiting from unified liquidity.

DeFi Singularity Round 2 Live: The second round of our incentivized campaign is now active, featuring the same substantial reward pool. Users can participate through the Bifrost dashboard to earn extra yields.

📢 Community & Recognition Highlights

Nov 1: Official launch of Tokenomics 2.0 and bbBNC, introducing a fully transparent, profit-sharing model.

Nov 4: Hosted a dedicated Twitter Space deep-dive into bbBNC mechanics and revenue distribution.

Nov 4: Achieved a near-perfect score of 38/40 on the Blockworks Token Transparency Framework, excelling in revenue disclosure and governance.

Nov 14: Co-Founder Lurpis joined a PolkaWorld livestream to detail the “People Chain” incentive campaign.

Nov 15-20: Represented at Sub0 Buenos Aires with a talk on “Yield Fusion: Bifrost’s Strategy for Yield Aggregation.”

** Looking Ahead**

This month has been transformational. With Tokenomics 2.0 actively rewarding long-term stakeholders, bbBNC lock-ups exceeding 10M BNC, and seamless cross-chain expansions like vMANTA 2.0, Bifrost is powerfully positioned at the intersection of Polkadot, Ethereum, and the broader multi-chain landscape. We are building not just a product, but the foundational yield layer for the interconnected blockchain ecosystem.