Bifrost Introduces Revenue-Sharing Tokenomics with Bifrost 2.0 Initiative
Tuesday, 13 August 2024, 08:00
Bifrost 2.0 Revenue-Sharing Model
Bifrost, a leading liquid staking protocol on Polkadot (DOT) and Kusama (KSM), is set to transition to a new revenue-sharing tokenomics model as part of its Bifrost 2.0 initiative.
Key Features of the New Tokenomics
- Revenue Sharing: Holders of the Bifrost token (BNC) will gain access to the protocol's sustainable earnings and revenue streams.
- bbBNC Introduction: A new version of the ve-escrow (veModel) will be implemented, allowing users to lock Bifrost's liquid staking token, vBNC.
- Community Engagement: Bifrost aims to build a more committed community by enhancing the value of the protocol and providing governance rights.
- Revenue Distribution: 90% of the protocol's revenue will be directed to bbBNC holders, improving economic stability.
Conclusion
The shift to revenue-sharing tokenomics is expected to attract long-term investors, bolster economic stability, and increase BNC’s value. The rollout of this new model is anticipated in Q4 2024, alongside educational materials to assist users in navigating these significant changes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.