Bifrost Monthly Report: Tokenomics 2.0, bbBNC Growth, and vMANTA 2.0 Migration

In this month’s ecosystem update, Bifrost delivers major milestones across tokenomics, cross-chain infrastructure, staking products, and community activation. With the launch of Tokenomics 2.0, rapid bbBNC growth, and the successful upgrade of vMANTA 2.0, the protocol continues to strengthen its position as Polkadot’s leading liquid staking and cross-chain interoperability hub.

Development Progress

Bifrost’s engineering team pushed forward several runtime upgrades and cross-chain improvements aimed at expanding SLP support, optimizing fees, and enhancing vToken security.

Runtime Upgrades

Runtime 22001 (Upgraded)

• Adds support for Polkadot AssetHub Migration (AHM).

Runtime 22002 (Upgraded)

• Optimizes BNC P<>K cross-asset fee logic, improving efficiency and cross-chain usability.

Runtime 23000 (Under Development)

• vETH SLP now integrates Snowbridge ETH support.

• SLPv2 adds support for universal XCM types and adapts to the updated Commission Channel module.

• Extends SLPx compatibility to AssetHub.

• Introduces a permanent locking option for bbBNC, aligning with long-term governance and revenue incentives.

• Refactors and optimizes XCM cross-chain transaction components.

• Implements global enhancements to vToken exchange-rate security.

Omni LS 1.10.0 (Testing Stage)

Support for vETH 3.0, enhancing the omni-chain liquid staking experience.

Dapp 1.10.0 (Testing Stage)

Integrates vETH 3.0 for a streamlined minting and staking flow.

Product Highlights

Bifrost’s core products continued strong momentum throughout the month:

Total Value Locked (TVL):

Reached $63,551,911, reflecting sustained ecosystem demand.

vBNC Growth:

• Total minting volume: 14,842,924 vBNC

• TVL: over $1.36M

• 63% month-over-month growth, making vBNC one of the month’s standout performers.

bbBNC Expansion (Tokenomics 2.0):

Since the launch of Bifrost’s buyback mechanism, bbBNC — the new revenue-sharing lock certificate — has seen over 10,000,000 BNC locked.

• Total BNC bought back: 1,102,067 BNC

• Total BNC burned: 123,109.13 BNC

• Average lock duration: 442 days, demonstrating long-term holder alignment.

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

vMANTA 2.0 Upgrade Completed

With Manta Network’s transition to Ethereum for native staking, Bifrost has fully completed the vMANTA 2.0 migration.

Users can now mint vMANTA 2.0 directly on Ethereum mainnet via omni.ls, benefiting from unified liquidity and upgraded interoperability.

DeFi Singularity Round 2 Now Live

The second round of the DeFi Singularity campaign is officially live — featuring the same reward pool as Round 1.

Users can participate through Bifrost’s dashboard to earn additional incentives across liquid staking positions.

Marketing & Community Highlights

Nov 1 — Tokenomics 2.0 Launch

Bifrost released bbBNC, introducing a fully transparent, profit-driven model that redirects protocol revenue directly to long-term tokenholders.

Nov 4 — bbBNC Twitter Space

The team hosted a deep-dive session covering bbBNC mechanics, revenue distribution, and the structure of the new economic model.

Nov 4 — 38/40 on Blockworks Token Transparency Framework

Bifrost achieved a top-tier 38/40 score, highlighting excellence in revenue disclosure, governance transparency, treasury structure, and tokenholder alignment.

Nov 14 — People Chain Incentive Deep Dive

Co-Founder Lurpis joined PolkaWorld’s livestream to explain the design behind the “People Chain” activation campaign and its role in boosting Polkadot ecosystem growth.

Nov 15–20 — Bifrost at Sub0 Buenos Aires

Developer Relations lead Victor represented Bifrost at Polkadot’s flagship Sub0 conference, delivering a talk titled “Yield Fusion: Bifrost’s Strategy for Yield Aggregation.”

Conclusion

This month marks a major turning point for Bifrost as Tokenomics 2.0 begins to reshape the protocol’s economic foundation, bbBNC locks surpass 10 million BNC, and vMANTA fully migrates to Ethereum. With strong development momentum, a rapidly expanding product suite, and growing community engagement, Bifrost is positioning itself as the leading hub for multi-chain liquid staking and yield aggregation across Polkadot, Ethereum, and beyond.