Bifrost Introduces New Revenue-sharing Model to Enhance Economic Stability 🚀
Bifrost, a prominent liquid staking protocol on Polkadot (DOT) and Kusama (KSM), is unveiling a fresh revenue-sharing structure as part of its Bifrost 2.0 initiative. This latest development, disclosed to Finbold on August 13, will grant Bifrost token (BNC) holders access to the platform’s sustainable earnings and revenue streams.
Bolstering Economic Stability on Bifrost 📈
This shift towards revenue-sharing tokenomics is poised to attract a larger base of long-term investors and engage stakeholders in the continuous expansion and enhancement of the Bifrost ecosystem. The primary objective is to fortify the protocol’s economic stability and resilience.
- The protocol currently garners revenue from transaction and swap fees, system staking income, and liquid staking commissions.
- The new tokenomics model will introduce bbBNC (Buy Back BNC), an enhanced version of the ve-escrow (veModel) that users can acquire by locking vBNC, Bifrost’s liquid staking token.
- bbBNC holders will receive staking rewards, governance rights, and a 90% share in the protocol’s revenue.
The Future of Bifrost’s DeFi Initiative 🔮
Bifrost envisions that this update will reduce the circulating supply of BNC and bolster its value. Lurpis, Co-Founder of Bifrost, is confident that the new model will foster a more dedicated community:
“We believe this new model will not only enhance the value of our protocol but also create a more engaged and committed community. We could not be more excited to embark on this new chapter with our loyal users.”
The updated tokenomics structure is slated to go live in Q4 of this year, accompanied by educational resources to assist users through the transition. Furthermore, Bifrost is gearing up to launch a vToken campaign in late August to amplify staking volume across the supported vToken variants.
This strategic move aligns with Bifrost’s overarching decentralized finance (DeFi) strategy and recent governance modifications related to revenue allocation.
Hot Take: Stay Ahead of the Curve with Bifrost’s Innovations 🌟
By introducing a cutting-edge revenue-sharing model, Bifrost is revolutionizing its ecosystem and empowering BNC holders with increased opportunities for growth and engagement. The upcoming changes signify a pivotal moment in Bifrost’s journey towards economic stability and community empowerment. Embrace these transformative initiatives and position yourself at the forefront of innovation in the crypto space!
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