Bifrost (BNC) is a distinguished Web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets. It aims to supply liquidity to 80% of Proof-of-Stake (PoS) networks, allowing users to convert PoS cryptocurrencies into vTokens via transmission bridges. This conversion enables users to maintain liquidity while earning staking rewards. As part of the Substrate Builders Program and the Web3 Bootcamp, Bifrost has integrated itself into the Polkadot ecosystem. It offers standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and other chains connected with Polkadot. This strategy consolidates over 80% of PoS consensus chains' staking liquidity, reducing the staking threshold and improving the multi-chain staking ratio. Furthermore, Bifrost operates as a multichain middleware platform, allowing developers to create Decentralized Applications (DApps) across various protocols. Despite encountering some controversies, such as security concerns and environmental impact, it remains a promising project with significant growth potential in the cryptocurrency industry. The protocol's mission focuses on fostering a positive cycle for the StakeFi ecosystem by empowering users, multi-chains, and ecosystem applications. This is achieved through vTokens, which optimize transactions in DeFi, DApps, and both decentralized (DEXs) and centralized exchanges (CEXs). vTokens also enable users to hedge risks associated with locked positions and maximize their DeFi and staking rewards. Bifrost ensures high transparency on its parachain, with business parameters governed via democratic processes. It offers cross-chain support through the Polkadot relay and delivers vToken rewards irrespective of the validator chosen for staking. The project has attracted significant investment, raising over USD 2 million from leading venture capital firms and securing a Web3 Foundation Grant. Founded by Lurpis Wang, who has a background in technology and prior experience with Weibo Corporation and Ping++, Bifrost was launched in 2019 with a team including Maarten Henskens, Bonnie Nie, Ross McDonald, and Dawns Xu.

Bifrost (BNC) distinguishes itself in the blockchain arena through its novel approach to liquidity and staking. Fundamentally, Bifrost is a Liquid Staking app-chain that harnesses decentralized cross-chain interoperability. This enables users to earn staking rewards on their cryptocurrency investments while retaining the flexibility and liquidity of their assets. Constructed on the Substrate framework, Bifrost is fully compatible with the Ethereum API, making it a versatile participant in the blockchain ecosystem. A key technology underpinning Bifrost is its use of vToken technology. vTokens provide liquidity for Proof of Stake (PoS) networks, allowing users to transform their staked assets into liquid tokens. This transformation can occur at any given time, permitting users to generate additional income while maintaining liquidity. For instance, if you have staked tokens on a PoS network, you can convert them into vTokens, which can be utilized in various decentralized finance (DeFi) applications, decentralized applications (DApps), and exchanges, both decentralized (DEXs) and centralized (CEXs). Security is a crucial concern for any blockchain, and Bifrost addresses this through several mechanisms. By functioning as a parachain on the Polkadot network, Bifrost gains from Polkadot's strong security model. Polkadot employs a shared security model wherein multiple parachains are secured by a common set of validators. This diminishes the risk of attacks from malicious actors, as compromising the network would necessitate substantial resources. Furthermore, Bifrost implements democratic governance to regulate business parameters, ensuring transparency and community involvement in decision-making processes. Bifrost's mission extends beyond merely providing liquidity. It seeks to establish a standardized cross-chain interest-bearing derivative for Polkadot relay chains, parachains, and other heterogeneous chains bridged with Polkadot. By consolidating over 80% of PoS consensus chains' staking liquidity through cross-chain derivatives, Bifrost lowers the staking threshold for users, boosts the multi-chain staking ratio, and enhances the application interest base within the ecosystem. This fosters a positive cycle for the StakeFi ecosystem, benefiting users, multiple chains, and ecosystem applications alike. Developers find Bifrost appealing due to its multi-chain interface platform. This platform enables developers to operate seamlessly across multiple blockchain protocols, enhancing interoperability and reducing the complexity of building cross-chain applications. For example, a developer can create a DApp that interacts with various blockchains without needing to write separate code for each, thanks to Bifrost's seamless integration capabilities. The native token of the Bifrost ecosystem, BNC, plays a pivotal role in its operations. BNC is used for paying transaction fees and accessing decentralized applications within the Bifrost ecosystem. This utility ensures that BNC remains integral to the function of the network, driving demand and usage. Bifrost's commitment to innovation and security is further evidenced by its participation in the Substrate Builders Program and the Web3 Bootcamp. These initiatives support the advancement of cutting-edge blockchain technologies and promote a collaborative environment for growth and learning. Bifrost has also received substantial backing from top-tier venture capital firms and a Web3 Foundation Grant, underscoring the industry's confidence in its potential. The team behind Bifrost, led by co-founder Lurpis Wang, brings a wealth of experience from diverse sectors, including former roles at Weibo Corporation and Ping++. This diverse expertise has been instrumental in shaping Bifrost's vision and technological progress. Wang, along with his team, launched Bifrost in 2019 and has since been dedicated to pushing the boundaries of what is possible in the blockchain space. Bifrost's approach to providing liquidity to PoS networks through vTokens is particularly noteworthy. Users can convert their PoS cryptocurrencies to vTokens via transmission bridges, optimizing transactions in various scenarios. This includes hedging the risks of locked positions and enhancing both DeFi and staking rewards. The transparency of all actions on its parachain and the provision of vToken rewards regardless of the validator a user stakes with further enhance its appeal. Essentially, Bifrost's technology is designed to empower users with flexibility, liquidity, and robust security across multiple chains. By aggregating staking liquidity and providing standardized cross-chain derivatives, Bifrost is paving the way for a more interconnected and efficient blockchain ecosystem.

Bifrost (BNC) is a Liquid Staking app-chain designed to enhance the functionality and flexibility of blockchain ecosystems. One of its primary real-world applications is providing liquidity to Proof of Stake (PoS) networks. By allowing users to convert PoS cryptocurrencies into vTokens, Bifrost enables the seamless integration of staking rewards with decentralized finance (DeFi) yields. This conversion process aids users in maintaining liquidity while earning rewards, addressing a common challenge in PoS ecosystems. Another significant application of Bifrost is its role in cross-chain interoperability. Utilizing Polkadot's relay chains, parachains, and other heterogeneous chains, Bifrost facilitates secure and efficient cross-chain transactions. This capability is crucial for decentralized applications (DApps) and decentralized exchanges (DEXs), where interoperability is key to enhancing user experience and expanding the ecosystem's reach. Bifrost further contributes to the DeFi landscape by enabling users to participate in various DeFi protocols without sacrificing staking rewards. This dual benefit is achieved through the use of vTokens, which can be utilized in multiple DeFi scenarios, such as lending, borrowing, and yield farming. The ability to hedge risks associated with locked positions while maximizing returns makes Bifrost a valuable tool for DeFi enthusiasts. In addition to financial applications, Bifrost's technology supports secure online communication and data storage. By leveraging decentralized networks, Bifrost ensures that data remains secure and tamper-proof, which is essential for maintaining privacy and integrity in digital interactions. Bifrost's liquid staking capabilities also extend to humanitarian solutions. For example, the platform can facilitate transparent and efficient distribution of aid in crisis situations. By ensuring that funds are securely managed and traceable, Bifrost can help improve the effectiveness of humanitarian efforts. Furthermore, Bifrost aggregates price oracle data, providing accurate and reliable information for various blockchain applications. This aggregation is vital for maintaining the integrity of smart contracts and other automated processes that rely on real-time data. Lastly, Bifrost's research and reports on liquid staking contribute to the broader understanding and development of staking technologies. By sharing insights and best practices, Bifrost helps advance the field and supports the growth of the blockchain ecosystem.

Bifrost (BNC) is a Liquid Staking application chain designed to provide liquidity and staking rewards across multiple blockchains through decentralized cross-chain interoperability. The project aims to offer standardized cross-chain interest-bearing derivatives for Polkadot relay chains, parachains, and other chains bridged with Polkadot. In 2019, Bifrost was launched by Lurpis Wang, who assembled a team including Maarten Henskens, Bonnie Nie, Ross McDonald, and Dawns Xu. The project rapidly gained traction by securing over USD 2M from leading venture capital firms such as NGC, SNZ, DFG, and CMS. Early on, Bifrost received a Web3 Foundation Grant, significantly boosting its development and credibility within the blockchain community. Bifrost's inclusion in the Substrate Builders Program and the Web3 Bootcamp further solidified its position as a key player in the blockchain ecosystem. These programs provided essential resources and support, enabling Bifrost to enhance its technology and expand its reach. A significant milestone for Bifrost was the introduction of liquid staking, which allows users to convert PoS cryptocurrencies into vTokens via transmission bridges. This innovation provided users with the flexibility to earn staking rewards and DeFi yields without locking up their assets, thereby increasing liquidity and reducing risks associated with locked positions. In the second half of 2024, Bifrost is set to launch Bifrost 2.0, featuring a new tokenomics system. This upgrade aims to further optimize the platform's efficiency and enhance user experience by introducing new economic models and incentives. Bifrost's cross-chain compatibility has been another critical development, enabling seamless interactions between different blockchain networks. This feature has allowed Bifrost to aggregate over 80% of PoS consensus chains' staking liquidity, thereby lowering the staking threshold for users and increasing the multi-chain staking ratio. Upcoming events include the launch of the BTCFi testnet and a listing on Huobi, which are expected to broaden Bifrost's user base and increase its market presence. Additionally, the introduction of new blockchain-based services like THEPOL is anticipated to diversify the platform's offerings and attract more users. Bifrost's mission to empower users, multi-chains, and ecosystem applications through a three-way positive cycle has been a driving force behind its continuous innovation and development. The platform's commitment to high transparency, democratic governance, and cross-chain support has positioned it as a leading solution in the StakeFi ecosystem. For more details and the latest information, please refer to Eulerpool.

Bifrost (BNC) is a Liquid Staking app-chain designed to optimize staking rewards and DeFi yields by facilitating decentralized cross-chain interoperability. The founders of Bifrost comprise Lurpis Wang, Maarten Henskens, Bonnie Nie, Ross McDonald, and Dawns Xu. Lurpis Wang is an alumnus of Huazhong University of Science and Technology, with prior experience at Weibo Corporation and Ping++, and is the founder of Liebi Pool, a DeFi project on the IOST network. In 2019, Wang collaborated with Henskens, Nie, McDonald, and Xu to establish Bifrost, with the objective of providing liquidity and flexibility across various blockchain networks.