Bifrost 2025: Building the Standard Infrastructure for Multi-Chain Liquid Staking

As crypto staking expands beyond single-chain environments, the industry faces a common set of challenges: fragmented liquidity, limited composability, and inefficient capital utilization. In 2025, Bifrost took decisive steps to address these structural problems — not with narratives, but with delivery.

The launch of vETH 3.0 and SLPx 2.0 marked a turning point, positioning Bifrost as a foundational infrastructure provider for standardized, multi-chain liquid staking.

vETH 3.0: One ETH LST, Natively Usable Across Chains

vETH is Bifrost’s liquid staking derivative for Ethereum. With vETH 3.0, it evolves into a fully multi-chain, DeFi-native staking asset.

Key features include:

Native multi-chain minting and usage across Ethereum, Base, Arbitrum, Optimism, Polkadot, and more — without manual bridging

ERC-4626 compliance, enabling permissionless integration with lending protocols, DEXs, and yield strategies

DVT-secured validator operations via SSV Network, supporting a competitive base APY of ~3.5%

Built entirely on the new SLPx 2.0 liquidity architecture

vETH 3.0 demonstrates a clear design goal: one liquid staking token, usable everywhere.

SLPx 2.0: From Cross-Chain Bridge to Liquidity Infrastructure

SLPx is Bifrost’s core protocol for minting and redeeming liquid staking tokens across chains. While SLPx 1.0 enabled early cross-chain liquidity, it struggled with delayed minting, high redemption costs, and limited DeFi composability.

SLPx 2.0 redefines the architecture, introducing:

ERC-4626 vault standardization, making vTokens plug-and-play DeFi primitives

Async Pool architecture, decoupling user actions from cross-chain settlement

This design delivers:

Instant minting and queued redemptions

Near-zero cross-chain fees via batched settlement

Scalable chain-level liquidity management

Eventual consistency via XCM Oracle, prioritizing UX and system efficiency

Together, these upgrades transform SLPx from a transport layer into a liquidity backbone for multi-chain staking.

2025 Performance: From Vision to Verifiable Results

In 2025, Bifrost generated $8.07M in total protocol revenue, with $1.2M in gross profit, marking its transition into sustainable profitability.

Other key indicators:

634,000+ on-chain transactions

~39,000 active addresses

138,000 total community members

27,000+ vToken-holding addresses

Despite market volatility, vToken minting continued to grow across the stack — reflecting stronger liquidity retention and product stickiness.

bbBNC: Aligning Protocol Profit with Community Value

A major milestone in 2025 was the rollout of bbBNC, Bifrost’s upgraded veToken model.

100% of protocol profits allocated to BNC buybacks

90% distributed directly to bbBNC holders

By year-end:

Over 16M BNC locked (20%+ of total supply)

1.72M BNC repurchased

172,000 BNC permanently burned

This shift established real economic alignment between protocol growth and token holders.

vTokens: Multi-Chain Growth at Scale

Throughout 2025, Bifrost’s vTokens saw strong adoption:

vDOT grew over 157%, maintaining its position as the leading liquid staking asset in Polkadot

vBNC expanded alongside bbBNC adoption

vASTR doubled in supply

vMANTA surged nearly 175% after vMANTA 2.0

vETH 3.0 marked Bifrost’s formal entry into Ethereum’s $100B+ staking market

Ecosystem, Security, and Community

Bifrost strengthened its foundation through:

Deep integration with Hyperbridge for cross-chain messaging

A $500,000 Immunefi bug bounty program

Ecosystem initiatives like DeFi Singularity and the Liquid Wave airdrop, which attracted millions in TVL

Global presence across 27 events in 10 cities, grounding product decisions in direct community feedback

Looking Ahead: A Standardized Staking Liquidity Layer

By the end of 2025, Bifrost had completed a generational upgrade of its product stack. vETH 3.0 and SLPx 2.0 are not isolated releases — they form the foundation for a broader vision:

Modular liquid staking infrastructure

Standardized cross-chain liquidity

DeFi-native yield primitives

Expansion into stablecoins, DeFi strategies, and real-world assets

Conclusion

If one word defines Bifrost in 2025, it is delivery.

Rather than chasing short-term narratives, Bifrost focused on building durable systems: real revenue sharing, scalable cross-chain liquidity, and standardized staking infrastructure. These foundations position the protocol for long-term resilience and growth.

As 2026 begins, Bifrost moves forward with a clear mandate — to turn every promise into verifiable infrastructure, and every upgrade into lasting value.