BIFROST
BFCCross-chain liquid staking derivatives protocol
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.48% | 4.56% | 12.28% | 9.12% | 181.37% | 26.24% |
Comparison
Fundraising
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| Null: 0x000...dEaD (dead) |   BFC | 1,631,415,927 | 68.88% | $38.42M |
| 0x2f95...a535 | BFC | 871,720,974.34 | 36.8% | $20.53M |
| 0x4d5a...3206 | BFC | 459,987,204 | 19.42% | $10.83M |
Follow Updates
Follow Lists
People
About BIFROST
Bifrost, an EVM-compatible parachain on Polkadot, has evolved from a dedicated liquid staking chain into an omnichain LST protocol. In 2023, TVL surged from $43.5M to $110M, driven by new vTokens (vFIL, vASTR) and the launch of SLPx, enabling remote minting of vTokens via XCM V3. In 2024, Bifrost migrated all operations from Kusama to Polkadot, introduced Loop Stake for leveraged staking, and unveiled bbBNC tokenomics, allocating 100% of protocol profits to BNC buybacks with 90% distributed to bbBNC holders. The year also saw TVL exceed $100M again. In December 2024, a farming vulnerability was exploited, resulting in approximately $720,000 in stolen assets. The team responded by pausing farming, implementing three defense layers, state migration, and broader security improvements. In 2025, vETH 3.0 launched, enabling native ETH LST minting on Ethereum, Base, Arbitrum, and Optimism. Protocol revenue reached $8.07M with $1.2M gross profit, and vDOT supply grew 157% to 18M. Upbit listed BFC for KRW and USDT trading, enhancing market accessibility. These milestones—SLPx, the Kusama-to-Polkadot migration, bbBNC, the post-incident security overhaul, and vETH 3.0—represent long-term structural progress.
Positive: BFC was listed on a major South Korean exchange on September 10, 2026, causing a single-day surge of 259.75% and a sharp increase in trading volume.
Negative: After the listing, the price dropped 7.52% the next day, and on-chain liquidity remains extremely thin, with total pool liquidity of only $14,791, while reported trading volume reached $20.99 million, indicating a large gap between exchange order books and on-chain liquidity.
Dohyun Pak (Co-founder & CEO): PhD in Financial Engineering from University of Michigan; over a decade developing derivative products for US and Korean financial institutions; since 2015, blockchain advocate; currently also professor of mathematical finance at Gachon University.
JongHyup Lee (Co-founder & CTO): PhD in Computer Science from Yonsei University; postdoc at Carnegie Mellon; associate professor at Gachon University; leads R&D at PiLab, focusing on blockchain middleware; research includes malware detection, wireless sensor security, and blockchain applications.
Changhyun Yoo (COO): Previously held roles at Hana Daetoo Investment Bank, Mirae Asset Daewoo, and KIS Pricing, developing equity derivatives systems and volatility assessment tools; joined BIFROST as COO, overseeing operations.