📢 Good news 📢
Stargate UI supports vASTR on Soneium.
vASTR can now be transfered between Astar EVM and Soneium.
🌉: stargate.finance/bridge
Bifrostians 📣
If you had $vDOT stuck on Equilibrium, kindly take a look to the latest announcement below. You may be able to withdraw your funds.
Deadline: Feb 25th
You can visit the recap for more information: https://medium.com/equilibrium-eosdt/equilibrium-39th-community-call-recap-3f0bac58bdb4
Talking about Money Market and $vDOT supply (new vDOT cap being filled in 7min on Hydration), we shared an updated discussion on Moonwell.
Feel free to support the initiative and ask any relevant question on the forum.
It's a good read for a Sunday 🗞
https://forum.moonwell.fi/t/add-vdot-market-to-moonwell-on-moonbeam/1517
vPHA is officially live on http://omni.ls for pre-mint 🔥
Stay tuned for upcoming surprises! 👀
🔓 Unlocking DeFi Potential: The Rise of Yield-Bearing Collateral with vDOT
Yield-bearing collateral is transforming the financial landscape, combining liquidity, efficiency, and profit-generation in DeFi. With vDOT now live on the Hydration Money Market.
Here’s why this innovation matters 🧵
https://bifrost.io/blog/the-power-of-yield-bearing-collateral-and-the-moneyness-of-lsts
Read the full thread on https://x.com/Bifrost/status/1877686862460211678
Quick dapp update 👀
2 new farming pools and Bifrost-EVM new feature
1️⃣ We are launching 2 farming pools today:
MANTA-vMANTA
ASTR-VASTR
Both we'll be incentivized on a small scale similar to GLMR-vGLMR
https://app.bifrost.io/farming
Bifrost-EVM now supports flexible fee tokens! 🙌
Bifrost-EVM users can now pay gas fees with any token from the flexible fee list, making transactions more seamless and flexible.
Key Features:
1️⃣ Get your BNC deposit address directly in the Bifrost dApp using your EVM wallet.
2️⃣ Deposit BNC and mint vBNC effortlessly without switching networks or complex steps.
Experience this exciting update now and unlock smoother DeFi operations!
👉https://app.bifrost.io/vstaking/vBNC
Bifrost 2024 Recap: A Year of Growth & Innovation 🚀
As we wrap up this transformative year, we’d like to thank our incredible community and partners for supporting us every step of the way.
Let's take a look back at the milestones that defined 2024.
📚 Blog article: https://bifrost.io/blog/bifrost-2024-annual-report
https://x.com/Bifrost/status/1874032781069869340?s=19
That's our Christmas present 🎁.
We're partnering with Hyperbridge to provide users access to true multi-chain DeFi, secured by verifiable proofs.
For 2025: Less trust, more proofs.
Announcement 📢
https://x.com/hyperbridge/status/1872257521060135330?t=PrGvSON1p37jukjAqTYTrg&s=19
The DOT Unbonding Subsidy Program UI is Live!
Polkadot stakers, your journey to maximize your unbonding rewards just got easier! Explore the new subsidy program interface on the Bifrost Dapp 🧵
https://x.com/Bifrost/status/1870272988672864443
A huge thank you to everyone who voted for Kusama Ref 477!
The 50,000 KSM loan has been successfully received.
These funds will provide base liquidity support for the KSM-vKSM pair in Bifrost Stable Swap.
But even more is on the way to revive the Canary Cyberpunk beast ⤵️
https://x.com/Bifrost/status/1869699964311597118
Next steps 🥵:
• Test DOT <> KSM Bridge, adapt the staking pallet migration from Relay-chain to AssetHub.
• Register vKSM on Bifrost-Polkadot, enable SLPx supports vKSM minting on Bifrost-Polkadot.
• Adapt vKSM in LoopStake.
• Bridge vKSM-KSM liquidity to Bifrost-Polkadot.
• Establish vKSM-KSM liquidity on Bifrost-Polkadot.
• Register vKSM in Hydration, migrate 50%-80% vKSM-KSM liquidity to the Omnipool and start a joint-incentivization campaign.
• Focus on expanding vKSM use cases through the SLPx strategy across more EVM-compatible chains and Layer 2 networks (via
Hyperbridge), in line with Bifrost’s long-term roadmap: https://www.notion.so/Bifrost-Roadmap-ba6c44bd4f684e5aa875ec44388b2330?pvs=21
🔊 Important announcement for vFIL holders.
Based on users feedback and several product limitations, we have decided to shut down vFIL service. It will take place in stages, giving holders enough time to complete their redemptions.
The detailed timeline is as follows:
1️⃣ Phase 1 (Q4 2024)
• Stop FIL deposits into Bifrost (Completed ✅)
• Stop vFIL minting (Scheduled for governance execution on December 31, 2024 ⏳)
2️⃣ Phase 2 (Q1 2025)
• Await the gradual expiration of FIL wrapped by Filecoin storage providers (SPs)
• Upon expiration, the unlocked FIL will be transferred to Bifrost’s vFIL Ready Pool.
Wrapped FIL Expiration Dates:
• f079426: October 24, 2024 (Expired)
• f02182258: November 3, 2024 (Expired)
• f0111584: February 1, 2025
3️⃣ Phase 3 (Q2 2025)
• Decommission on-chain vFIL asset custody
• Enable users to redeem vFIL at any time and directly swap back to FIL via fast redemption.
• Allow users to transfer FIL back to the Filecoin network via the cross-chain bridge.
4️⃣ Phase 4 (By June 30, 2025)
• Disable FIL cross-chain bridge between Bifrost Chain and Filecoin network.
• After the bridge closed, vFIL can still be redeemed, but FIL will no longer be able to be immediately transferred back to the Filecoin network.
5️⃣ Phase 5 (After June 30, 2025)
• Decommission on-chain modules related to FIL cross-chain transfers
• Users can still use Bifrost governance proposals to cross-chain FIL back to the Filecoin network, although this process may take several months
💡It is highly recommended to complete vFIL redemption and cross-chain FIL to the Filecoin network BEFORE THE END OF PHASE 3 to avoid complications after the cross-chain service is halted.
All details in the blog article ⤵️
https://bifrost.io/blog/new-proposal-graceful-shutdown-of-vfil-service
We are super thrilled to partner with Sake Finance, the All-in-One Integrated Liquidity Protocol on Soneium.
We are paving the way to offer our products at the mainnet launch on the best DeFi platforms and bring $vASTR on Soneium network in a near future.
Santé! Prost! 건배! Cheers! Kanpai! 乾杯! 🍶
📡 Liquid Wave Reward Distribution
We’re here to share the finalized details for the Liquid Wave reward distribution. To ensure a smooth and fair process, please note the following:
1️⃣ Unified Reward Distribution:
All rewards for the Liquid Wave campaign will be distributed after the completion of all campaigns(LST Campers, vBNC Explorers, bbBNC Riders). This includes every stage and all associated tasks.
2️⃣ Linear Release Schedule:
The rewards will be released linearly over a one-year period through a vesting module. This means:
The rewards will be released with each block.
Users can claim their rewards incrementally as they are released.
3️⃣Claim Details:
The first reward distribution will begin shortly after the conclusion of the campaign.
Further details on the claiming process and exact timelines will be provided closer to the distribution period.
We appreciate your active participation in the Liquid Wave campaign and look forward to rewarding your contributions. Thank you for your support! 🫶🏼👌👌👌
Bifrost Monthly Report - November Release 📚
🔸 Runtime 0.15.0 + 0.15.1: vBNC migration and SLPx optimization
🔹 #LiquidWave event series: http://wave.bifrost.io
🔸 DOT Unbonding subsidy program
🔹 Events in Bangkok during DevCon, #stakingsummit and #Polkadotsub0
And much more...
Full details in the Blog 📚
https://bifrost.io/blog/bifrost-monthly-report-november-2024
This is the last day of the Subsidy Program 🚧
Make sure you've liquid staked your DOT on http://app.bifrost.io/vstaking/vDOT after unbonding, and secured your $vDOT. The snapshot will be taken at the end of the day.
Stay tuned for more info.
https://bifrost.io/blog/introducing-the-dot-unbonding-subsidy-program
We wish you all a happy Spring Festival for you and your families!
May the Year of the Snake 🐍 be a wise and cautious one.
Big News! 🔥
Bifrost has partnered with @PhalaNetwork to bring you vPHA, the first native liquid staking token for PHA! Stake, earn, and keep your assets liquid while participating in DeFi.
Here’s what you need to know! 🧵👇
https://bifrost.io/blog/bifrost-partners-with-phala-network-to-launch-vpha-pre-mint
X thread: https://x.com/Bifrost/status/1882755305471389901
We are "KusBoost" pleased to announce that The Kusamarian has officially joined the ranks of communities and dapps now sharing vDOT rewards 🤝.
If you want to support The Kus in their activities, feel free to use their vDOT minting channel, which you can find in their latest tweet here below👇
https://x.com/TheKusamarian/status/1879206402796732585
We're excited to announce that our integration with Token Terminal is now complete 🔥
The data will soon be added to the main Polkadot dashboard, alongside our other fellow appchains, to make the ecosystem charts even better 💪
Have a look to the beauty here: https://tokenterminal.com/explorer/projects/bifrostio
If you missed it, vDOT is LIVE on the Hydration money market.
Here is the illustrated infographic for the Loop Strategy.
https://x.com/Bifrost/status/1877295035856859561
We’ve got some cool new features to share! 🛠
Have you noticed the new one-page dashboard on the Bifrost Dapp? 🤔
You can check the overall stats, including TVL, protocol fees and revenue, Bifrost Treasury holdings or a $BNC overview: https://app.bifrost.io/stats 🔥
Stats never lie! 🧵
Visit more threads here: https://x.com/Bifrost/status/1872809722006651161
☃️ It's Christmas time! 🎅
We've got a little present for our users!
Join the Intract Campaign and complete the easy quest to enter the raffle.
🎁 https://intract.io/quest/67680f15b4c9cfdac876f6c7
It's on Base, and you might need some tokens on this network in 2025, who knows?
Merry Christmas!
vBNC Governance is Live on Bifrost-Polkadot! 🛠
The migration to Bifrost-Polkadot is complete, and with it comes vBNC Governance, empowering holders with decentralized decision-making while earning staking rewards.
Why LST governance matters for you 🧵
Read the threads here: https://x.com/Bifrost/status/1869910620747051386
🎙 Got questions about Astar Surge?
Set your reminder:
https://x.com/i/spaces/1MnGnDQZyVjxO/peek
We are super thrilled to partner with
KYO Finance , The Most Innovative Liquidity Hub on @soneium.
We continue to form partnerships to ensure our products are available on leading DeFi platforms at the mainnet launch, which is happening soon™️.
https://x.com/Bifrost/status/1866454852186059175
You've got Liquid Wave, the Subsidy Program, and now the Talisman quest too! ✋
Talisman, one of our RSP partners, has crafted a special DOT quest. Head to http://quest.talisman.xyz/ and begin your journey.
Talisman XP from the quest will be converted into BNC rewards.
All details in Talisman's X thread:
https://x.com/wearetalisman/status/1864683494678647210
🚀 vBNC farming pool is now live on Bifrost-Polkadot!
Following the successful migration of vBNC from Bifrost-Kusama, we're thrilled to announce 2 new active farming pools on Bifrost-Polkadot:
1️⃣ vBNC - BNC (migrated from Bifrost-Kusama)
2️⃣ BNC - USDT (new pool on Bifrost-Polkadot)
Why farm in vBNC pool?
🔸 Maximized Yield: earn extra 12.28% in the farming pool
🔸 Enhanced Liquidity: seamless access to swap and low slippage
🔸 Support Eco Growth: contribute to deeper liquidity & utility
Turn your vBNC into a powerful earning!
https://app.bifrost.io/farming?network=polkadot
Full X thread
https://x.com/Bifrost/status/1864300805148614954
🚀 vBNC Migration is Completed!
vBNC operations were moved from Bifrost-Kusama to Bifrost -Polkadot, enhancing composability, liquidity, and strengthening the ecosystem.
BNC Liquid staking is now available on Bifrost-Polkadot!
👉 https://app.bifrost.io/vstaking/vBNC
All detail in the X thread
https://x.com/Bifrost/status/1862466860379513321