If we were to give a nickname to the cryptocurrency market in 2025, "turbulence" might be the most accurate. ETFs have brought institutional money in, but regulation is tightening step by step, and prices are repeatedly pulled in extreme market conditions. In such an environment, Bifrost, a liquid staking protocol, has quietly delivered a solid performance.

What do they say? 2025 is the year to realize promises.

Let token holders truly earn money

DeFi has a well-known issue: what’s the use of holding governance tokens? Honestly, in most cases, besides voting, you don’t get a share of the protocol’s earnings.

Bifrost has broken this deadlock. They’ve created the bbBNC mechanism, which is straightforward and blunt: for every dollar the protocol earns, it uses all of it to buy back BNC tokens, then distributes 90% of that to users who lock up bbBNC.

It’s not just talk; real money is moving.

Just look at some specific numbers to understand: in 2025, the protocol’s total revenue exceeded $8.07 million, with a gross profit of $120,000. It bought back 1.72 million BNC tokens throughout the year, of which 172,000 were directly burned. Users have locked up over 16 million BNC, accounting for more than one-fifth of the total supply.

What’s the brilliance of this logical chain? Protocol profits → buyback tokens → dividends for locked users → attract more people to lock up → the protocol’s foundation becomes increasingly solid. It’s like a spinning flywheel, running on its own momentum.

Multiple product lines advancing simultaneously

Bifrost’s core products are a series of liquid staking tokens—those with "v" in front of their names. The principle is actually simple: you stake the native tokens to