2026-02-11 03:00:15

Bifrost Monthly Recap — January 2026

January marked a strong expansion phase for Bifrost as it continues evolving into a core liquid staking and cross-chain yield infrastructure within the Polkadot ecosystem.

🔧 Technical Progress

Runtime 23000 was deployed with major upgrades across liquid staking and cross-chain infrastructure:

Snowbridge ETH support added to vETH SLP

SLPv2 enhanced with XCM generic support and commission integration

SLPx now supports Assethub

Security upgrades for vToken rate adjustments

bbBNC permanent locking introduced

Dapp v1.10.1 added support for vETH 3.0 and vToken delegation.

Runtime 24000 (in development) will further streamline SLP, introduce cross-chain price feeds, improve security restrictions, and upgrade bbBNC mechanics and SLPx 2.0.

📊 Growth & Adoption

TVL: $44.07M

Total BNC staked: 20M+ (up 120% in two months)

vBNC TVL: $1.21M+, +37% MoM

bbBNC is now Bifrost’s core value capture mechanism:

All protocol revenue buys back BNC

90% distributed to bbBNC holders

10% burned

🌊 Ecosystem Highlights

WAVE → bbBNC conversion launched via governance

DeFi Singularity Phase 3: vDOT multichain LP can reach 25%+ APY

vDOT delegation voting enables OpenGov participation with up to 6x conviction while keeping staking rewards

🎯 Positioning

Bifrost is moving beyond liquid staking into a full cross-chain yield and governance infrastructure layer for Polkadot, with bbBNC at the center of long-term value capture.

BNC-4,29%

ETH-3,92%

DOT-3,29%

SLP-3,59%

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