The month-long BNC Explorers campaign has successfully concluded – six days before the campaign’s official end, as participants had achieved this boosted goal of 3.5 million BNC minted.
BNC Explorers was the second phase of Bifrost’s Liquid Wave Campaign, following the migration of vBNC from Bifrost-Kusama to Bifrost-Polkadot. By inviting the community to mint vBNC (a liquid staking token of BNC), the campaign boosted BNC staking participation. It directly aligned with the goals of Bifrost Tokenomics 2.0, a forthcoming revenue-sharing model (“Fee Switch”) that will reward BNC stakers with protocol profits.
The community’s response exceeded expectations. The initial goal of minting 2,700,000 BNC was reached in just 10 days, followed by an additional 800,000 BNC target that was also completed ahead of schedule. Driven by the campaign’s momentum, the total vBNC minting volume soared to a record-breaking 11,800,000.
Key metrics from the campaign highlight unprecedented engagement:
The BNC Explorers campaign served as a bridge to Bifrost’s upcoming Tokenomics 2.0 and bbBNC. Through minting vBNC, users experienced firsthand the advantages of liquid staking tokens: enhanced capital efficiency, flexible trading scenarios, and a preview of the Fee Switch mechanism—a profit-sharing model that will directly distribute protocol-generated revenue to bbBNC holders. This creates a "deeper engagement, direct rewards" flywheel, aligning incentives between users and the ecosystem.
BNC Explorers not only hit its targets but also energized the community, generating buzz as users rallied to push the boundaries of liquid staking. This success holds strategic significance for Bifrost: it validates the upcoming Tokenomics 2.0 and Fee Switch by proving that users are eager to participate in a profit-sharing model. With phase two complete, Bifrost is now poised to launch the final phase (bbBNC Riders) and roll out the Tokenomics 2.0 upgrade.
As Bifrost gears up for the next phase—bbBNC Riders—the momentum and community enthusiasm generated during BNC Explorers will continue to drive engagement and adoption. With the introduction of Tokenomics 2.0 and bbBNC, Bifrost is positioned to set new standards in decentralized finance, supported by a vibrant community committed to exploring the full potential of liquid staking.
