Bifrost Liquid Staking
Staking
BIfrost is a substrate-developed web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets.
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Bifrost Liquid Staking?
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Exploit/Hacks
One
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: BNC
- Tags: Staking
Key Metrics
- TVL: $42.8M (Rank #124)
- TVL Ranking by Staking: #0
- Blockchain: Bifrost, Astar, Ethereum, Manta, Filecoin
- Chain TVL
- Bifrost: $37.96M
- Astar: $1.85M
- Ethereum: $1.54M
- Manta: $1.41M
- Filecoin: $17.94K
Risk Assessment
Average
Protocol Code Quality
- ; SlowMist and Certik
- One hack in a prior version of the protocol
Protocol Maturity
- Latest protocol version launched in 2019; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 20% by total value locked slightly reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of at least 4 signers, which means the protocol is less susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Highly concentrated voting power increases risk
Protocol Design
- This protocol is susceptible to risks related to staking a token to secure a network, such as slashing events
Things to know about Bifrost Liquid Staking
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