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Monthly Report | vETH 2.0 Release & Gauge Proposal Live on Balancer

Monthly Report | vETH 2.0 Release & Gauge Proposal Live on Balancer

Developments

Dapp 1.8.1

  • Launch vETH 2.0
  • Launch vETH Farming
  • The cross-chain transaction structure is upgraded to XCM v3

v0.9.72

  • XCM dependency upgraded to XCM v3 version
  • SLP protocol is adapted to XCM v3 to confirm the status of cross-chain calls automatically.
  • SALP protocol adapts to XCM v3 to automatically confirm the status of cross-chain contribution and achieve complete decentralization overall.
  • Fix the problem that vGLMR failed to send cross-chain messages due to the Moonbeam upgrade

Product

  • In terms of liquidity derivatives, the total Total Value Staked (TVS) of vKSM exceeded 330,000; the TVS of vDOT exceeded 740,000, a year-on-year increase of 240,000 in March. vFIL total mintages reached almost 80,000 in its first month online, accumulating a TVL of$400,000.
    Total Bifrost TVL this month: $70,012,241.
  • Bifrost Kusama Parachain is fully adapted to Polkadot XCM v3 upgrade, which is optimized for SLP, SALP, XCM-Action, and other modules, significantly simplifying the back-end logic implementation process and enabling a second casting experience for derivatives with a more secure path.
  • Earlier this month, vETH 2.0 went live on Bifrost. vETH 1.0 users can seamlessly exchange vETH 2.0 with staking revenue via https://bifrost.app/vstaking/vETH. At the same time, vETH 2.0 owners can participate in liquidity provisioning and Farming, and get 11% Base APY + 3% Farming APY in combination.
  • On April 5, Ethereum DeFi Protocol Balancer went live with vETH-WETH Stable AMM with total liquidity over $1,000,000.
  • On April 27th, vETH-WETH Stable AMM Governance Incentive Proposal (Gauge Proposal) joins Balancer Snapshot, $veBAL voting will open on April 27th at 2:00 AM BST.
  • The vToken full-chain ecosystem use case is released to bring convenience to vToken holders, developers, and promoters by extending the functionality of vToken and promoting the long-term development of vToken. For a detailed explanation of the use case, please refer to:
    More on vToken โ… : Omnichain LSD & Ecosystem Applications
    More on vToken II: Omnichain LSD & Ecosystem Applications

Marketing

  • From April 11th to April 15th, Bifrost co-founder Lurpis participated in a series of events at Web3 Festivals Hong Kong Blockchain Week and introduced Bifrost as an Omni-chain LSD protocol to the audience through AMA and live demo at Polkadot 2023 and FIL Demo Day. He also showed the process of liquid staking in Bifrost Dapp.
  • On April 21st, Bifrost hosted liquid session 4 on Real World Asset RWAs and Tokenization, featuring Steakhouse Finance, BackedFi and Centrifuge.
  • On April 22nd, Bifrost officially announced its participation in the Encode x Polkadot 2023 Spring Hackathon! Developers are encouraged to take the LSD challenge to explore innovative applications of Bifrostโ€™s LSD assets, and Bifrost is offering a BNC prize worth $2,500 to the top developer or development team at the end of the competition.
  • On April 28th, Bifrost officially launched the Chinese Ambassador Program, seeking people with certain content creation, community operation and technical skills who love Bifrost to jointly build the Bifrost Chinese community.
1.25M $BNC added to the HydraDX omnipool ! ๐Ÿ’ฆ

SuperDupont

๐Ÿš€ vDOT x Multisig Event on Airlyft is Live! ๐ŸŒŸ

๐Ÿš€ vDOT x Multisig Event on Airlyft is Live! ๐ŸŒŸ

๐Ÿ”น Create a Multisig account on Mimir. ๐Ÿ”น Start Multisig transactions. ๐ŸŽ Complete the assigned tasks and get a chance to share 400 $BNC rewards! ๏ฟฝ

SuperDupont

Over 2.2 Million $vMANTA Minted on Bifrost! ๐ŸŒˆ

Over 2.2 Million $vMANTA Minted on Bifrost! ๐ŸŒˆ

Users on Manta Atlantic and Pacific are now able to Liquid Stake their $MANTA on both http://bifrost.app/ (Substrate) and http://omni.ls/ (EVM). Unlo

SuperDupont

vMANTA now available on Manta Pacific !! ๐ŸŒŠ

vMANTA now available on Manta Pacific !! ๐ŸŒŠ

EVM-based users can Liquid Stake $MANTA on Pacific via http://omni.ls/ dApp, having the chance to secure the network unlocking their liquidity.๐Ÿ’ง Achi

SuperDupont