Bifrost Monthly Core Report

I. Core Summary This month marks a critical implementation phase for Bifrost’s Tokenomics 2.0. The core revenue-sharing token, bbBNC, successfully launched and swiftly locked over 10 million BNC, driving the protocol into a new economic cycle of “buyback-burn-distribution.” Concurrently, key product upgrades (vMANTA 2.0) were completed, the technical foundation for the next-generation cross-chain yield aggregation (SLPv2) was laid, and market recognition (transparency score: 38/40) improved alongside core metrics (vBNC TVL increased 63% MoM).

II. Key Developments

1.Tokenomics 2.0 Activated: The bbBNC model is operational. 100% of protocol profits are used to buy back BNC (10% burned, 90% distributed). To date, 123,109 BNC have been burned.

2.Strong Growth of Flagship Product: Total TVL reached $63.55M. vBNC performed exceptionally well, with TVL exceeding $1.36M, a 63% MoM increase.

3.Major Upgrade Completed: The vMANTA 2.0 upgrade is finished. Users can now stake MANTA directly on the Ethereum mainnet, aligning with the partner’s strategic shift.

4.Clear Technical Roadmap: Runtime 23000 (under development) focuses on the SLPv2 upgrade, aiming to enhance cross-chain compatibility, security, and functionality (e.g., permanent locking for bbBNC).

III. Marketing & Ecosystem

1.Multi-faceted market communication centered on bbBNC.

2.Presented the “Yield Fusion” strategy at the Polkadot Sub0 conference, increasing industry influence.

3.The second round of DeFi Singularity incentives is live, continuing to encourage ecosystem participation.

Outlook: The protocol has established a long-term value capture and distribution mechanism through Tokenomics 2.0. The next phase will focus on expanding the breadth and depth of cross-chain yield aggregation based on the SLPv2 technical upgrade.