Bifrost is a dedicated modular Liquid Staking L1 secured by Polkadot. Since its establishment, the Total Value Locked (TVL) has exceeded $100 million, with over $3 million in staking rewards distributed. This success is attributed to our partner's and community member's support and trust.

To benefit community members and partners promoting the Bifrost protocol and to expand collaboration channels for vToken minting, Bifrost has launched the vToken Reward-Share Program. Let's take a closer look at the details of this program.

What is the vToken Reward-Share Program

As an LST protocol, Bifrost provides liquid staking services for multiple chains. The protocol routinely collects a reward fee (commission) from all token staking rewards as protocol income. The reward fee is deposited into the protocol treasury, where it serves as a risk reserve fund or is used for other ecosystem purposes.

The vToken Reward-Share Program is a collaborative incentive program where partners can apply through Bifrost OpenGov to become collaboration channels. Collaboration channels receive exclusive vToken minting links and a share of the reward fees collected when users mint vTokens through their links.

It is important to emphasize that this reward sharing is continuous. As long as users continue to mint vTokens through a channel's exclusive link without redeeming, they will continue to receive a share of the reward fees. This will persist until a channel opts out of the vToken Reward-Share Program or is removed from the collaboration channel list through voting in OpenGov. For collaboration channels, this represents a sustainable reward stream.

Application Criteria

Community operators, projects, and Key Opinion Leaders (KOLs) who are interested in integrating the vToken minting portal into their products, or those who wish to promote vToken minting and have a specific user base and influence, are welcome to apply to the vToken Reward-Share program.

Bifrost aims to integrate more vToken minting channels, enhancing user access and convenience to our liquid staking services. These channels can include wallets, DEXs, games, NFT trading platforms, other Web3 applications, and even some Web2 platforms.

This integration may involve directly displaying the vToken minting portal or integrating it into other services. For example, some platforms may support users purchasing vToken using Fiat. In this instance, the backend process may involve using Fiat to purchase and mint the original token as vToken.

Rewards Estimation

In the vToken Reward-Share program, each partner channel can receive a portion of Bifrost's reward fee based on its contribution and channel reward rate.

For example:

• Bifrost has a TVL of 10,000,000 DOT.
• Channel A helps mint 2,000,000 DOT into vDOT (20% of the total TVL of vDOT) with an annual DOT staking yield of 12% and a Bifrost protocol reward fee (commission) of 10%.

The calculations would be:

• Annual reward fee of Bifrost = 10,000,000 * 12% * 10% = 120,000 DOT
• Reward fee generated by Channel A = 2,000,000 DOT * 12% * 10% = 24,000 DOT
• If channel A has a reward rate of 40%, then Channel A’s annual rewards = 24,000 DOT * 40% = 9,600 DOT

Rewards are roughly distributed once every 24 hours, and channel partners can claim them on-chain.

How to Apply

To join the vToken Reward-Share Program, there are two steps:

• First, submit your proposal in the discussion section of the Bifrost forum. The proposal should clearly illustrate your scope of collaboration, introduce yourself, and state your target commission rate and value proposition to Bifrost. Depending on the level of collaboration, your proposal will be reviewed by the Bifrost community or Bifrost Fellowship.
• If approved, it will proceed to the OpenGov proposal stage. Next, submit a proposal on Bifrost OpenGov. Provide necessary information such as your project or community name, along with a brief description of yourself and your community. Finally, publish it on-chain for voting.

Once the on-chain proposal is approved, you will officially become a collaboration channel and receive your exclusive vToken minting link. Please refer to our vToken Reward Share Program documentation for detailed operational steps.

Data Query

• For data on the staking yield rates, visit the Staking Rewards page.
• For information on the reward fee for vTokens, check out our documentation on Protocol fees.
• We provide a dedicated Analysis page for querying data related to the vToken Reward-Share Program. On this page, all reward records for collaborating channels are publicly available, and you can also view the reward statistics for each type of vToken.

Above, we have introduced the vToken Reward-Share program launched by Bifrost, and we welcome all kinds of channel partners to join this program.

Through the vToken Reward-Share program, we aim to promote the development of Bifrost by expanding vToken minting and enabling more users to experience our omni-chain liquid staking services, enhancing capital efficiency. At the same time, we also hope that we can provide a direct monetization path for some communities and products through revenue sharing.

While LST protocols have a transparent business model, there are other DeFi protocols, communities, and products that have traffic but lack suitable and direct monetization pathways. Joining the vToken Reward-Share program is a feasible way to create direct and sustainable sources of income.

The prosperity of the blockchain ecosystem depends on the mutual promotion and cooperation of various projects within the ecosystem. Each project is like a link in the ecosystem, closely interconnected, working together to drive the development of the entire industry. Bifrost hopes to collaborate with more and more partners to build a symbiotic system in the crypto space through profit sharing.