Bifrost Monthly Recap – Tokenomics 2.0 Takes Off, bbBNC Surges, vMANTA Upgraded!

1. Dev Progress — The Engine Keeps Getting Stronger

🔥 Runtime 22001 & 22002 — Fully Upgraded

Support for Polkadot AssetHub Migration (AHM)

Optimized BNC ↔ KSM cross-asset fee logic

⚙️ Runtime 23000 — In Development (and packed with upgrades)

vETH SLP now supports Snowbridge ETH

SLPv2 adds universal XCM compatibility

SLPv2 integrates with the Commission Channel module

SLPx extended to AssetHub

Added permanent locking option for bbBNC

Cross-chain XCM components fully refactored for better performance

Strengthened global vToken exchange-rate security

🧪 In Testing

Omni LS 1.10.0 — vETH 3.0 support

Dapp 1.10.0 — vETH 3.0 support

2. Product Highlights — Explosive Growth Across the Board

Total TVL reached $63,551,911 this month.

vBNC was the top performer:

14,842,924 vBNC minted

$1.36M TVL

63% MoM growth

🔥 bbBNC Momentum Continues

Since launching the buyback mechanism:

10M+ BNC locked in bbBNC

1,102,067 BNC bought back

123,109.13 BNC burned

Average lock time: 442 days

bbBNC is quickly becoming the economic backbone of the Bifrost ecosystem.

3. vMANTA 2.0 — Migration Complete

As Manta Network shifted its native staking to Ethereum, vMANTA 2.0 is now fully live.

Users can mint the upgraded version directly on Ethereum mainnet via omni.ls.

4. DeFi Singularity Round 2 — Live Now

Round 2 of incentives is officially live, with the same reward pool as Round 1.

Users can continue stacking yields through the Singularity program.

5. Marketing & Community — Big Wins This Month

Nov 1 — Tokenomics 2.0 Launch

Bifrost unveiled bbBNC, the new revenue-sharing mechanism where:

100% of protocol profits buy back BNC

10% burned, 90% distributed to bbBNC holders

Nov 4 — bbBNC Twitter Space

A dedicated session to walk through utilities, rewards, and the new economic design.

Nov 4 — Blockworks Token Transparency Score: 38/40

Bifrost achieved one of the highest scores in the industry for transparency and governance.

Nov 14 — People Chain Incentive Deep Dive

Co-founder Lurpis joined PolkaWorld to discuss the strategy behind the People Chain activation.

Nov 15–20 — Bifrost at Sub0, Buenos Aires

Dev Rel Victor attended Sub0 and presented “Yield Fusion: Bifrost’s Strategy for Yield Aggregation.”