We are proudly now part of Tanssi Network's Let’s Forkin’ Dance (#LFD) Campaign! 🔥
You can join our Bifrost Space and start the quests: https://lfd.tanssi.network/bifrost
LFD details 👉 https://tanssi.network/post/lfd-incentivized-testnet
We just renewed our Kusama parachain using Lastic to buy a Core for the 1st time 🎉
https://www.lastic.xyz/kusama/paraId
23 $KSM to enjoy shared security. What a deal !
We are ready for Polkadot now 😎
https://x.com/Bifrost/status/1813861345202504047
A deeper report about the abnormal BNC Movement has been published 🔍
https://x.com/bifrost/status/1811077126428213555?s=61
Thx a lot for the community support we received in the past days 🙏🏼
We Just pushed a proposal to recover another 700k BNC from the Bifrost Treasury that are still on Moonbeam.
https://moonbeam.polkassembly.network/referenda/62
This plan is divided into 2 proposals for execution:
1️⃣Proposal 1 (this proposal): Temporarily disable xcBNC transfers on the Moonbeam, and take a snapshot of the xcBNC balance of the private key exploiter address: 0xf682B6D40CA93BdD14B2CBd843BFa4e8d3916a29
2️⃣Proposal 2: Through governance, the xcBNC balance in the private key exploiter‘s snapshot address will be cross-chain transferred back to the Bifrost Treasury, and xcBNC transfers on the Moonbeam will be reopened.
If you have some GLMR we will appreciate the community support 🗳
📢 BNC movement - Update 📢
Unusual BNC movements were spotted a few hours ago with the Bifrost Treasury account.
The following features have been paused:
🔹BNC transfer
🔹Cross-chain functions of all assets
You can follow the resolving actions here:
https://bifrost.subsquare.io/council/motions
The problem has been resolved, and we are publishing a proposal to restore it.
The issue has no repercussion on users assets 🟢
Our protocols are not impacted at all 🟢
We will post a full post-mortem whenever possible.
It's still fresh, the team focus on investigation and issue solving 1st.
Reminder:
No admin or support will contact you 1st ⚠️ So please be careful in that period where scammers are usually pretty active. There are many impersonators. ⚠️
The security of LST protocols not only protects users' assets but also affects the security and functionality of underlying PoS chains. Thus, adopting the highest security standards is crucial.
This week, we discuss Bifrost's robust security model👮🏻♂️.
📚Blog article: https://bifrost.io/blog/an-overview-of-bifrost-security-model
Thread: https://x.com/Bifrost/status/1808809394135838729
SALP - Crowdloan updates 📢
Redemption is open for LAOS ✅
1️⃣Head to app.bifrost.io/vcrowdloan?tab=redeem
2️⃣Select LAOS in the list
3️⃣Unstake your DOT (you need to have vsDOT + vsBond in same quantity)
Tutorial:
docs.bifrost.io/quick-start-and-tutorials/liquid-crowdloan-salp/how-to-redeem-ksm-dot
Reminder:
🟢 Laos: a link is available to link your contribution address with an EVM address to be able to claim the $LAOS
crowdloan.laosnetwork.io
The Bifrost Fellowship is committed to the long-term development and growth of the Bifrost protocol. It unites members with diverse expertise and experience to advance the protocol in various areas.
We added more details on our 1st announcement and introduced sub-fellowships 📢
You can find a Fellowship overview in our last blog article 📚
https://bifrost.io/blog/insights-into-the-roles-and-responsibilities-of-bifrost-sub-fellowships
And in the X thread 🧵
https://x.com/Bifrost/status/1806999779093991839
SALP - Crowdloan updates 📢
Some important news about 2 recent crowdloans we supported
🟣 Energy Web
🟢 LAOS Network
Summary:
🟣 Energy Web: the next distribution for $EWT is on 25/06 (then every 3 months).
The 1st distribution on 03/25 was missed and a solution is being discussed.
🟢 Laos: a link is available to link your contribution address with an EVM address to be able to claim the $LAOS
crowdloan.laosnetwork.io
All details ⤵️
https://x.com/Bifrost/status/1803820962393231855
Polkadot is scaling up to 500 validators, emphasizing the importance of decentralization and community validators.
$vDOT, the leading DOT LST provider with over 9.1M DOT, helps secure the network and boost decentralization. How?
👉 VBL (Validator Boost List) 🚀
https://x.com/Bifrost/status/1803380345515184296
You can vote the Polkadot OpenGov ref#888 for more decentralization 🗳
https://polkadot.subsquare.io/referenda/888
🚨 Attention DeFi enthusiasts 🚨
Bifrost is disrupting the game with its vToken Reward-Share Program, your gateway to sustainable rewards in the DeFi space.
Blog article 👉🏼 bifrost.finance/blog/earn-long-term-rewards-with-the-bifrost-vtoken-reward-share-program
New analysis page for Reward-Share program 👉🏼 ref.bifrost.app
Learn how this initiative fosters collaboration for mutual growth 🧵
https://x.com/Bifrost/status/1801206048046608797
Have you been quick enough, anons? 🥵
Hydration campaign is live! 🔥
In just 20 minutes, more than 100% of the farming pools are already filled! 😱
Get your $vDOT to work now!
It also works for $BNC 🔥
Full tutorial ⤵️
https://x.com/Bifrost/status/1800197945675170053
The moment we were all waiting for 🥳
Ledger is just an OpenGov vote closer to its final completion 🫡
https://x.com/bkchr/status/1798996128761074098
Our dev team is ready to make the necessary updates on Bifrost chains so that users can finally enjoy using their favorite cold wallet in our dapp.
Jump on your $vDOT and vote right now on bifrost.app/vstaking/vDOT/governance/841
Make sure to hit the green button 🟢
We are in South Vietnam 🇻🇳 during the Vietnam Blockchain Week 2024 event, come & say hi 🤘
if Polkadot is more than a blockchain, we are more than an appchain, way much more 🌈
Another +500,000 $MANTA liquid staked via omni.ls in the past 2 weeks! 🤯
Thanks to everyone pushing the Surf's Up & airdrop campaigns with Gull Network, Monroe Protocol & Firefly , $vMANTA growth on Manta Network Pacific is skyrocketing 🚀!
Our 1st partnership from our recent Reward-Share program with
Staking Rewards is officially live 🥳
Let's Make Staking Great Again ! 🌈
See the possible benefits for any team/dapps to integrate our LST solutions ⤵️
https://x.com/Bifrost/status/1813953756922556596
🌈 Bifrost is set to revolutionize its tokenomics with the introduction of BNC 2.0.
The new tokenomics framework will include new mechanisms to enhance BNC's utility and value, promoting long-term.
Key Highlights of Bifrost’s New Economic Model:
💰 $BNC Mechanisms for Economic Circulation
📈 Promoting Long-Term BNC Holding
⚖️ Fair Distribution of Protocol Revenue
🏆 Increased Utility, Rewards, and Stable Returns holding and fair revenue distribution.
Full thread ⤵️
https://x.com/Bifrost/status/1813514031178936566
#ETHcc has started!
Don't miss @Tyronepan presenting the expansion of Omni-chain Liquid Staking with Snowfork bridge, Hyperbridge from Polytope Labsand #XCM 💧x 🌉
📆 July 11th, 17h15
🎯 Ecosystem Showcase Stage
You can save the date here ⤵️ https://events.polkadot.network/event/polkadot-decoded-2024/planning/UGxhbm5pbmdfMTk4MTczMw==
Bifrost Treasury: $BNC Abnormal Movement Report and $BNC BuyBack
Due to the exploitation of the multi-signature script private key used for automatic replenishment of BNC transaction fees (the cause of the private key leak is still under investigation), the compromised key allowed the transfer of 100 BNC from the treasury each time it was triggered. A total of 6,631,252 BNC from the Bifrost treasury was transferred to a private address.
➡️ The private key was abandoned and replaced immediately.
During this process, 3,351,153 BNC have been successfully returned to the treasury through governance interception, and another 3,280,099 BNC have been exchanged for DOT or cross-chained.
To compensate for this loss, the Bifrost core team has added 3,280,099 BNC self-held shares to the treasury. Currently, the Bifrost treasury has returned to its original holding level, holding a total of 22,888,508 BNC (Bifrost Kusama & Polkadot).
- Bifrost-Polkadot Treasury: https://bifrost.subscan.io/account/eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F
- Bifrost-Kusama Treasury:
https://bifrost-kusama.subscan.io/account/eCSrvbA5gGNYdM3UjBNxcBNBqGxtz3SEEfydKragtL4pJ4F
We are still investigating and will pursue personal legal liability for the private theft key. It is worth emphasizing that this incident does not involve the security of Bifrost's on-chain assets and code.
Next, we will comprehensively review the security of relevant off-chain scripts and private keys to ensure the security of the protocol's own assets.
➡️ All paused transfer/cross-chain features have now resumed normally.
Finally, the Bifrost Treasury will use 10,000 DOT to buy back $BNC through Hydration DCA.
Reminder:
❕No admin or support will contact you 1st .So please be careful in that period where scammers are usually pretty active. There are many impersonators. ❕
https://x.com/Bifrost/status/1809625752146424207
8,723,423 staked DOT on Bifrost. What next?!
Mint on https://app.bifrost.io/vstaking/vDOT 🧪
🔸 Hydration summer fever triple farming pool
🔸Leverage Staking up to 4x
🔸 Beamsw & StellaSwap farming
🔸Liquidity Providing with swap fees
Choose your favorite option...
https://x.com/Bifrost/status/1809210235275583839
BNC farm pool is live for vDOT on Hydration 🔥
Go to Liquidity, click on Join "Farms" on any vDOT position you may have, and sign the tx.
https://app.hydration.net/liquidity/all-pools?id=15
That's it, you're now triplely hydrated 🌊🌊🌊
The Bifrost team is waiting for Polkadot validators at the VBL desk 🏢
- 3 open seats for $vDOT available at block #5081389 (in about 7 days).
- Currently, there are 5 applicants.
- 2 live referenda 🗳
You can also apply for a seat on any other chain.
https://bifrost.subsquare.io/discussions
All links in the thread 🧵
https://x.com/Bifrost/status/1807371108041306302
Vote here:
https://bifrost.subsquare.io/referenda
🔥 Hot off the press: Bifrost's monthly report!
June Highlights:
🔶 vToken Reward-Share Program launched with StakingRewards 🤝
🔷 1.9.0 Dapp update ✨
🔶 Hydration Liquidity Campaign for $vDOT & $BNC 👨🌾
🔷 ...
More details in our blog article⤵️
https://bifrost.io/blog/bifrost-monthly-report-june-2024-a-big-step-in-vtoken-share-program
Last week, we explored the functionalities and operations of Bifrost's Staking Liquidity Protocol (SLP) and vTokens.
This week's chapter delves into the cross-chain architecture of Bifrost and SLPx.
Chapter 2:
https://bifrost.finance/blog/a-deep-dive-into-crosschain-architecture-and-slpx
X Thread 🧵
https://x.com/Bifrost/status/1803732806293655898
We have our first application for our 1-day-old reward-share program! 💥
StakingRewards, StakingRewards.com, the market leader in staking data and research, has submitted their application to our governance.
Both our Fellowship and the community can now review it 🔍 #LSTfi
https://bifrost.subsquare.io/posts/54
We may have overlooked $vASTR lately, but it’s still making waves, hitting the 25,000,000 mark for the first time ! 🚀
By simplifying dapp staking, users on both
Astar EVM & zkEVM networks can earn some extra swap fees depositing liquidity on Arthswap or Quickswap.
You can mint $vASTR directly on EVM chains through http://omni.ls/stake/vASTR 💪
Bringing you coffee ☕️ and your Sunday reading.
This week, we released Dapp version 1.9.0, packed with long-awaited features and some hidden gems to enhance user experience on http://bifrost.app
If you missed them, we've got you covered below ⤵️
https://x.com/Bifrost/status/1799725028331905206
💡 Help center added in the lower right corner for instant access to Docs tutorials and Discord support
⏳ Now showing user address redemption limits and public queue status on the vToken unstake page
🧮 New vToken calculator: instantly see your potential income by entering your investment amount and holding time
🗳 Optimized the vToken Governance card for clearer referendum details and personal vote insights
🔍 Introduced a new liquidity interface for stable swaps, simplifying the process and eliminating user confusion
And more...
In about 24hrs, we will be delving into the concept that helps users earn returns on their onchain assets without being limited by the chain it is on.
Thomas and Seun will discuss Multi-chain Liquid Staking.
📆 June 6th @ 6pm UTC+1 (7pm CEST)
Curious? Set a reminder: https://x.com/i/spaces/1zqKVqBQXOVxB
Almost 4 Millions $MANTA staked through Bifrost in May! 🔥
An amazing ~400% growth in just 30 days with $vMANTA launch on Pacific, strengthening its presence within the MantaNetwork DeFi ecosystem.
Explore $vMANTA use cases in 1-click 👉 omni.ls/stake/vMANTA
https://x.com/OmniLST/status/1797568334042628200