what's Bifrost?
Bifrost is a decentralized finance (DeFi) protocol specializing in liquid staking solutions across multiple blockchains. It enables users to stake assets like DOT, ETH, and others while receiving liquid derivatives (vTokens) that can be used in DeFi for yield farming, lending, or trading without lockups. As a parachain on Polkadot and expanding to other ecosystems, Bifrost bridges liquid staking derivatives (LSDs) with broader DeFi composability. In its Tokenomics 2.0 model, Bifrost allocates 100% of protocol revenues to buy back its native BNC token. bbBNC serves as an escrow token for staked BNC holders, receiving 90% of these buybacks as revenue share, while 10% are burned to enhance scarcity. This mechanism aligns incentives between the protocol, stakers, and governance participants.
Bifrost's VDOT liquid staking pool on Polkadot has $24.18M TVL and 10.74% APY.
Links
x.com/bifrost_walletVDOT liquid staking pool on Polkadot has reached $24.18M TVL with a current APY of 10.74%
vBNC token reaches all-time high.
BNC share price drops 68% during YZiLabs boardroom takeover attempt, underperforming BNB which declined 5.6%.
CZ-backed YZILabs launches campaign to seize control of NASDAQ-listed entity associated with BNC through board expansion and written-consent director takeover.
NASDAQ-listed CEA Industries buys approximately $13M worth of BNB and now holds 515,054 BNB total.
MANTA token staking is now available on the platform, alongside Symbiotic.
Launches $bbBNC alongside Bifrost 2.0 upgrade, introducing protocol revenue share and ve model for $BNC with supply lockups, using fees to burn token supply.
bbBNC token launched recently alongside Bifrost 2.0 protocol update, which introduces protocol revenue share and ve model for BNC with supply reduction via lockups. Bifrost was the only liquid staking protocol with positive performance over the past month according to TokenTerminal data.
bbBNC launches alongside Bifrost 2.0 upgrade that introduces protocol revenue share, ve model for BNC, and supply reduction via lockups. Bifrost outperformed all liquid staking protocols in the past month as the only one in positive territory.
Bifrost joins the Token Transparency Framework alongside Spark and Rocket Pool, implementing standardized disclosures and regular holder updates.
CEO of NASDAQ-listed entity related to BNC states that CZ's pardon is "rocket fuel" for the BNB ecosystem.
Animoca Ventures announces purchase of additional BNC shares on open market at approximately 42% discount to BNB.
Team pivots to taking over TC Stagenet instead of Chainnet, with active work underway to separate bifrost from thornode to enable faster release cycles independent of mainnet schedules.
$BFC staking APY drops to 5.68% with auto-compounding through Nansen infrastructure, down from previous 23.05% rate.
Bitcoin liquidity reaches $14M on Osmosis through strategic integrations with Axelar, Omnity Network, BitGo, Nomic BTC, and Cosmos.
$BFC staking program combines 23.05% APY with Nansen Points accumulation for institutional DeFi exposure.
New $3M DOT rewards program "DeFi Singularity" launches August 28, 2025, offering up to 600% initial APY through Hyperbridge partnership for DOT/ETH and DOT/BNB liquidity provision on multiple chains.
TVL doubles since April, showing 100% growth in platform adoption.
New $500,000 BtcUSD deposit increases gBTCUSD vault liquidity, strengthening BTCFi capabilities on Base network.
gTrade integration achieves $250M+ BtcUSD trading volume on Base network.
Bug bounty program maximum reward increased from $20K to $500K, signaling major security investment.
New cross-chain integration enables DOT-ETH DeFi operations on Uniswap V4 via Bunni, connecting Polkadot ecosystem with Ethereum, BNB, Base, and Arbitrum networks.
Integration with Volmex Finance completed, adding Bitcoin and Ethereum volatility indices (BVIV and EVIV) as new trading pairs with active co-marketing initiatives.
New gTrade vault launches with $3M seed liquidity, enabling Bitcoin-backed collateral for trading across 260+ markets with 3-month reward program.
Achieves 7x market cap-to-revenue ratio, ranking among top 3 most efficient protocols in comparison group.
New staking functionality launches on Nansen Staking Hub, enabling BFC token staking.
Leads Polkadot ecosystem growth with 70% monthly transaction increase.
Initial cap of $8.24M reached in 36 hours, indicating strong market demand for new liquid staking solution.
Active liquid staking platform supports DOT, GLMR, ASTR, FIL, and MANTA with ongoing monetization program.
Integration with GIGADOT platform goes live, expanding DeFi capabilities with seamless swaps and liquidity provisioning.
Project demonstrates strong revenue efficiency with 5.6x Market Cap-to-Revenue ratio, ranking second lowest among major protocols.
New incentive mechanism compensates DOT stakers for unbonding period losses to encourage liquid staking adoption.
Active creator rewards program distributes 40,000+ BNC tokens weekly to top Polkadot ecosystem content creators.
DeFi platform on Polkadot offering staking, liquidity programs and governance through BNC and vBNC tokens. Treasury funded by fees.
Wave campaign live offering 300 WAVE points for completing tasks, plus 30 WAVE points per referral. Converting $WAVES to $bbBNC provides farming boosts, revenue sharing, and governance rights.