Monthly Report | The Bifrost vToken Reward Share Program is underway, inviting ecosystem partners to share in sustainable revenue.
Published in
3 min readJun 29, 2024
Development
Official Website Enhancements
- Help Center: Added a Help Center on the official website for quick access to tutorials and the Discord channel.
- vToken Unstake Page: Now displays the redemption limit and shows the public queue.
- vToken Calculator: Introduced a calculator where users can manually input their investment amount and holding period to quickly view potential earnings.
- Governance Card Optimization: Enhanced the vToken Governance card, allowing users to see more information about referendums and their votes more intuitively.
- Stable Swap Liquidity: Added an introduction to the Stable swap liquidity feature in the liquidity interface to prevent user confusion.
- Assethub Fee Check: Improved the verification of fees before transferring assets into Assethub.
- Collator Redemption Status: Enhanced the display of Collator redemption status, making successful redemptions more evident.
- Loopstake Explanations: Improved explanatory texts in Loopstake page.
Bifrost Website Version 1.3.3
- Search Engine Optimization
Runtime Version 11000
- Modification: Added methods to modify
currencyMetadatas. - vToken Exchange Rate RPC: Added RPC for directly querying vToken exchange rates.
- BNC Buyback: Introduced BNC buyback functionality.
- Customizable Address for Receiving Zenlink Fee: Users can set the address to receive Zenlink fee.
- SLPx Pallet: The SLPx pallet supported new Commission channel.
- SDK Update: Upgraded to Polkadot SDK 1.7.0.
- SLP Refund Logic Removal: Removed the SLP refund logic.
- vToken Voting Fix: Fixed the issue where users’ locked amounts were abnormal after calling
unlock()in vToken Voting.
Products
- On June 2024, Bifrost’s total value locked (TVL) reached $87,404,549, and the total minted amount (TVS) of vDOT was 9,164,677.
- Among them, vASTR performed remarkably well, with a total minted amount (TVS) exceeding 24,687,994 and a total value locked (TVL) of over $1.71 million, representing an 8% growth for the month.
- vToken Reward-Share Program officially launched and applicants can join the program through on-chain voting. This program aims to help Bifrost establish long-term strategic partnerships with various ecosystem communities, protocols, and developers, share protocol revenue, and increase the asset scale of vTokens.
- The Hydration Summer Liquidity Campaign has started. As one of the Top3 assets in TVL in the Omnipool, vDOT enjoys the opportunity to earn both vDOT and HDX in this incentive campaign. Additionally, BNC will soon join as the third incentive token. Provide liquidity for vDOT and participate in Farming.
- Dapp Update
- The number of multi-chain vToken holding addresses has now been included in the Stakers data statistics.
Marketing
Campaigns and Events
- On June 3rd, the Bifrost community, in collaboration with AIweb3 and other Polkadot ecosystem communities, hosted a special Dragon Boat Festival event. Participants had the opportunity to share in token rewards worth nearly 1000 USD.
- On June 6th, Thibault, the Head of Business Strategy at Bifrost, attended the “Polkadot Connect — Explore DeFi & Ecosystem Liquidity” IRL event hosted by OpenGuild and Polkadot. He participated in a panel discussion and gave a speech on topics including liquidity staking in Polkadot, investment strategy, and Appchain use cases.
- On June 8th, Lurpis, the Co-Founder of Bifrost, made a surprise appearance at the GM Vietnam 2024 event in Vietnam. He discussed the latest trends in the crypto industry and explored market growth and future development opportunities with Web3 enthusiasts from around the world. Additionally, he interacted with attendees at the Polkadot booth.
- On June 13th, Bifrost officially launched the vToken Channel Reward-Share Program, offering partners the opportunity to earn long-term, stable income. Bifrost aims to build a symbiotic system in the crypto space through profit sharing and collaboration with an increasing number of partners.
- On June 29th, Thomas RIVIERE, the Global Community Manager of Bifrost, was invited to attend the “How the Decentralized Voices Initiative can shape the future of Polkado and Kusama?” event organized by Substrate Saturday. He shared his experiences and governance insights gained from participating in the DV program alongside other guests.
