With the successful conclusion of the bbBNC Riders campaign, the Liquid Wave series has officially come to an end, marking a key phase where Bifrost witnessed a strong resonance between community momentum and protocol growth.
As Bifrost’s core growth initiative for 2025, Liquid Wave aimed not only to increase asset minting volume, but also to reshape user participation and reinforce the value flywheel. The data from this phase exceeded expectations:
- vToken minting continued to climb, with vDOT and vBNC serving as dual engines of growth
- Dapp traffic and user engagement improved significantly, pushing protocol activity to new highs
Among all metrics, the performance of bbBNC Riders stood out especially:
- bbBNC total locked amount reached 14 million BNC
- vBNC total locked value surpassed 18 million BNC, more than doubling during the campaign
- BNC buyback reached 1.7 million, with 170,000 BNC burned, reinforcing the buyback-and-burn deflationary effect
- Participation across different lock durations became more evenly distributed, while long-term locks (12–48 months) continued to rise; APY remained strong at 33%–110%, maintaining high attractiveness for long-term holders.
This campaign delivered meaningful growth across metrics and strengthened the long-term foundation of Bifrost’s “revenue-sharing and community-driven vision.”
Rewards & WAVE Points Distribution
To lower participation barriers and enhance engagement, this phase of Liquid Wave implemented the WAVE points system across social tasks, minting, staking, and other core activities.
Token rewards and WAVE points will be distributed as follows:
- Rewards for bbBNC Riders (vBNC and vDOT) will be sent directly to participants’ wallet addresses in a one-time distribution
- BNC rewards from the LST Campers and BNC Explorers campaigns will vest linearly over 12 months, with the first distribution to be completed this week
- WAVE points will be airdropped directly to participating wallet addresses; the conversion rate and timeline for redeeming bbBNC will be announced separately
Reward distribution is now underway, and the proposals for releasing incentives are passed.
The bbBNC Story Is Only Just Beginning
This campaign encouraged users to shift from “passive holders” to “active participants,” while the value logic behind Fee Switch, Buyback, and bbBNC gained wider visibility and community support.
This is the core mission of Liquid Wave: to ensure protocol growth and user benefits are truly aligned.
Looking ahead, Bifrost will continue expanding across multi-chain assets. Through transparent revenue distribution, ongoing community co-creation, and sustained on-chain growth, Bifrost aims to solidify its position in the market as the Staking Yield Layer.