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Bifrost officially launches the tokenomics 2.0 model bbBNC, with a one-year lock-up period annualized yield of approximately 43%.
Deep Tide TechFlow news, on November 1, according to official news, at 15:00 Hong Kong time on November 1, Bifrost announced the official launch of Tokenomics 2.0 - bbBNC ( Buy Back BNC). bbBNC is the lock-up profit sharing certificate for its native token BNC. Under this economic model, Bifrost will use 100% of the protocol profit to repurchase BNC, and 10% of the repurchase amount will be burned, while the remaining 90% will be distributed to bbBNC holders. Users can obtain bbBNC by locking BNC for 3 to 48 months.
Currently, the annualized return for bbBNC locked for one year is around 43%. Along with the release of bbBNC, it also launched the bbBNC Riders event to provide additional minting incentives for bbBNC.