Highlights of the month:

🔸 Bifrost introduced LoopStake, a "one click" - in app - Leverage Staking Service ♾

🔸 $vASTR has been integrated with Astar zkEVM ✨

🔸 $vDOT TVS reached 8 MILLION tokens 📈

Developments

Bifrost v0.9.94

• Added support for dynamically adding vToken on Moonbeam using the SLPX SDK
• Upgraded dependencies to Polkadot v1.3.0
• Added support for vASTR DappStaking v3 version
• Restored damaged referenda data
• Launched the Channel Commission module

Dapp 1.8.8

• LoopStake Official Launch
• Optimized vToken historical curves, added time range switching

Omni LS 1.0.3

• Supports vASTR on zkEVM network

Product

• Liquid staking growth keeps its growing pace: the net monthly minting growth of vDOT is 1,511,049, with a total minting volume (TVS) exceeding 8,027,910, representing a monthly growth of 18.82%
• vASTR TVS has surpassed 23,499,361, with a total locked value (TVL) exceeding $3.3 million. The total TVL for Bifrost this month is $142,845,351.
• On March 13th, Bifrost released its first vToken Leveraged Staking product called LoopStake, aiming to help users exploring leveraged staking with vToken collateral with a single-click dynamic, increasing the ease-of-use of the platform and enjoy looping Staking rewards. Currently, Loop Stake has accumulated nearly 90,000 DOT in liquidity for leveraged staking, with a potential APY averaging over 5% higher than DOT staking. Learn more about LoopStake, HERE.
• The Interlay community is exploring the use-case of adding BNC to the Lend Market, with the proposal currently in the voting stage. If the proposal is approved, BNC tokens will be included in the Interlay lending market, either as collateral or for borrowing other assets against BNC. Proposal Details.
• After the successful airdrop of $PINK token, Bifrost is calculating the correct rewards for users included in the snapshot. To discover details and info about distribution times and snapshot, read here.
• In case you are a vDOT holder but you did not received your PINK tokens, please join the official Bifrost Form to claim your tokens. Our team members are working relentlessly to complete the distribution.

Marketing

• On March 13th, the Polkadot Developer Conference was held in Bangkok, Thailand. Bifrost Product Manager Tyrone delivered a speech at the Polkadot Sub0 event, discussing the potential of Bifrost SLPx and sharing the newly launched leveraged staking feature, Loop Stake.

You can re-watch his intervention, HERE.

• On March 20th, the PINK Racing League has ended, collecting over two hundreds vDOT stakers and selecting 33 winners to share the exclusive prize pool of 10,000 GLMR provided by Bifrost. Here’s the details.
• On March 21st, the vDOTisDED Event successfully ended, with over 11,000 users visiting the event page on Airlyft, and nearly 3,000 addresses completing the tasks.
• On March 26th, Bifrost vDOT holders received the PINK airdrop tokens. This airdrop activity is one of the benefits for holding vDOT on Bifrost, HydraDX, Interlay, Moonbeam, and Astar networks.