Monthly Report | The end of Polkadot Unlock events: Total vDOT Minting Supply reaches 6,500,000 tokens

2 min readMar 1, 2024

Developments

Bifrost v0.9.93

Omni LS 1.0.2

In terms of liquidity derivatives, vDOT saw a net monthly minting increase of 773,964 tokens, with a total minted supply (TVS) exceeding 6,520,000 tokens, representing a monthly growth of 11.8%.
vASTR TVS surpassed 10,000,000 tokens, with a total locked value (TVL) exceeding $1.6M; and vGLMR TVL crossed $2.6M.
This month, Bifrost’s total TVL stands at $111,942,875.
Since the launch of vMANTA on January 18th, within 40 days, the accumulated TVL has exceeded $2.4M, with total staked $MANTA surpassing 800,000 tokens, and the number of vMANTA holders’ addresses surpassing 2,000. For vMANTA minting details, please refer to the official Manta Network Tweet.
This month, Bifrost and HydraDX jointly released a proposal to increase vDOT Farming rewards by 100%, from 2.5%-5% APY to 5%-10%. The proposal has been executed on the HydraDX chain, for more details, please visit.
HydraDX vDOT Farming entrance.
Bifrost has completed the Snapshot for the Airdrop plan of the Polkadot community Meme project $PINK. The mapping was on February 4, 2024, at 03:24 AM UTC. For specific distribution timing of PINK, please follow the official announcement from Pink. For block height details, please check the link above.

On February 8th, the PINK Racing League hosted by Bifrost and Exiled Racers kicked off. Participants minted vDOT on bifrost.app and added their addresses to the racing leaderboard for a chance to win a share of 10,000 GLMR rewards.
On February 9th, as a token of appreciation for the community’s trust and support, Bifrost offered generous red envelope rewards as a New Year blessing. They also collaborated with aiweb3dao, AcalaKaruraCN, CentrifugeAsia, ZeitgeistPM, and DeStore_Network to jointly distribute 600U Lunar New Year benefits!
On February 17th, the DED team announced that vDOT holders’ addresses would be eligible for a future $DED Airdrop.
On February 22nd, InvArch Network announced that they would take a snapshot of the Polkadot ecosystem in March. vDOT and DOT holders would be eligible for a 20,000,000 VARCH airdrop.