Bifrost is making a big move again! Yes, it is the star project Bifrost that focuses on liquidity staking. Currently, it is booming in the Polkadot ecosystem, with a TVL of over 100 million, and the staking rewards issued are as high as more than 3 million dollars!
This plan is incredible! In simple terms, Bifrost will distribute part of the commissions extracted from the staking income to partners who help promote vToken minting. In layman's terms, if you help Bifrost attract traffic, Bifrost will give you commissions, killing two birds with one stone!
In the past, people were either ripped off or dumped when speculating in cryptocurrencies; when playing DeFi, the gas fee was higher than the principal. A broken project made ordinary people shy away from it. Now, Bifrost directly builds roads and bridges for you, making Staking within your reach!
Does it sound exciting? Don’t worry, there are more exciting things to come. Participate in this plan and you can make money without doing anything! Whether you are a top KOL or an ordinary small leeks, as long as you have a little traffic and influence, you can easily connect with Bifrost and wait for a steady stream of passive income to come to you.
Of course, there are more ways to make money. For example, you can embed vToken minting plug-ins directly in your own App or website, or customize integration more deeply through API, and even support channel parties to directly purchase vToken with legal currency. In short, no matter what type of platform you are, as long as you have traffic, you can become a channel partner of Bifrost, open up the "last mile" connecting vToken and users, and seize the commanding heights of Staking dividends.
1. vToken Commission Plan, Unlocking the Staking Incremental Market
Bifrost's vToken channel commission plan is a bit difficult to explain, but the logic behind it is actually very simple.
As we all know, Bifrost is a staking service provider that specializes in staking services for various assets such as DOT and KSM. Users can obtain corresponding vTokens by staking native tokens to Bifrost. This vToken can be understood as a staking certificate. It can not only continue to enjoy the benefits of staking, but also circulate freely in various DeFi scenarios. It can be said to be a tool to turn "dead money" into "live money".
So, what benefits can Bifrost get from this process? It's very simple. It will extract a portion of the total staking income as the agreement fee, which is commonly known as the handling fee. You can think of it as the difference between the bank's deposit interest and loan interest. Although it may not seem like much, it will add up to a lot, and it will be a considerable income when the scale is increased.
At present, Bifrost has launched the vToken channel commission plan. It sounds very grand, but in fact, it is to share this part of the agreement fee with the cooperating channel party. This is like the distribution model of traditional e-commerce, you help me bring customers, and I will give you commission.
How to do it specifically? It’s not complicated.
1. The channel party must first pass Bifrost’s governance mechanism OpenGov, go through a certification process, and apply to become an officially recognized cooperation channel.
2. Once the review is passed, the channel party will receive a unique vToken casting link. This is like an exclusive invitation code.
3. As long as users go to Bifrost to mint vTokens through this link, the channel party can get a certain percentage of the protocol fee commission.
Interestingly, this commission is not a one-time deal. As long as the user holds the vToken minted through the channel, the channel party can continuously obtain a share, which is equivalent to a continuous passive income. Moreover, Bifrost does not set a high threshold for the channel party. Almost any platform or individual with traffic and influence can get a share.
This is a bit like e-commerce live streaming or short video sales. If you have traffic, users, and influence, then you can become the "channel party". Whether you are a top KOL, a mid-level or tail creator, you can always find a way to play that suits you. With the help of Bifrost's commission plan, it is equivalent to adding another revenue channel, and it is also linked to the cutting-edge technology field of blockchain.
2. Multiple channels of access, opening up the road to wealth through Staking
So, for the channel side, in addition to sharing this big pie, there is another key question: How to access Bifrost's vToken minting function? Does it require a lot of technical resources? Will it be complicated?
1. Embed the vToken minting plug-in directly on the interface
If you have your own app or website, you can embed the vToken minting plug-in directly on the interface. Bifrost provides a set of simple and easy-to-use components. The installation and integration process is very simple, basically just copy and paste. Even operators without development background can quickly go online.
2. Access custom vToken services through API
If you want a more in-depth customized integration, Bifrost provides a feature-rich API interface. You can flexibly call and assemble various services on the backend according to your business needs to create a unique vToken minting experience. Although this method requires some development work, its advantage is that it is more controllable and is particularly suitable for large platforms with professional technical teams.
3. Support the direct purchase of vToken with fiat currency
In addition, Bifrost also supports the channel party to directly purchase vToken with legal currency. This means that you can completely integrate the vToken minting function into your existing legal currency purchase process. Users only need to enter the purchase amount, and the background will automatically complete the currency exchange and vToken minting. The whole experience is very smooth. This model can be called "zero threshold", which is conducive to rapid customer acquisition and seizing market opportunities.
It can be seen that Bifrost has actually taken all kinds of scenarios into consideration. No matter what type of channel you are, whether you have technical capabilities or not, you can find a way to access it that suits you. Wallets, exchanges, NFT platforms, social media, content websites...almost any Web2 or Web3 platform with traffic can easily become a channel for Bifrost.
It is with this open, flexible and diversified connection strategy that Bifrost is confident that vToken will be able to reach the entire blockchain world and even the traditional Internet world. This will be an unprecedented Staking inclusive movement, allowing more ordinary users to share the dividends of Staking economic development.
3. Transparent and traceable income, visible "real money"
Of course, traffic alone is not enough. In the end, it depends on whether this traffic can be converted into real profits. No matter how good the opportunity is, if it doesn’t fall into your pocket, it is just talk on paper.
Take vDOT as an example. Assuming you are a top channel, you have used your influence to match the minting of 2 million DOTs, accounting for 20% of the total amount at that time. The annualized interest rate of DOT is 12%, the fee rate of the Bifrost protocol is 10%, and the commission ratio agreed upon by you and Bifrost is 40%. So, roughly speaking, your theoretical income for one year is:
2 million DOT 12% 10% * 40% = 9,600 DOT
What does this number mean? According to the current market price of DOT, it is almost the price of a BBA. You should know that Bifrost's current TVL has exceeded 100 million US dollars, and this is just the beginning. As the Bifrost ecosystem continues to grow, the future growth potential is unlimited. If the channel can seize this wave of bonus period and help the minting of vToken as much as possible, it is equivalent to sitting on a continuous "treasure pot". By then, lying down and counting money every day will not be a dream.
However, no matter how much profit there is, if there is a lack of transparency, it is inevitable that people will have doubts. After all, the blockchain circle is full of good and bad people, and the leeks are also afraid. But Bifrost has done a very good job in this regard, and it can be said that it is full of sincerity.
First of all, all the account splitting records and vToken commission data of all channels are completely open and transparent. Bifrost has specially developed a set of analysis pages that anyone can check at a glance, which can withstand scrutiny and verification. This eliminates the possibility of black box operations, allowing the channel parties to count money with peace of mind without worrying about Bifrost playing tricks behind the scenes.
Secondly, all key economic parameters, such as the protocol fee rate, the staking interest rate of each asset, etc., are also publicly disclosed in real time. Based on these data, the channel party can estimate their expected income at any time, judge the cost-benefit ratio, and make the most favorable decision for themselves. This high degree of transparency makes the operation of the entire commission plan more efficient and credible.
It can be said that Bifrost is not only creating value for the channel, but also practicing the spirit of blockchain with practical actions and conveying a positive value to the industry. This may be one of the important reasons why Bifrost can emerge in the Staking track.
4. Join Bifrost’s commission sharing camp and seize the next wave of Staking
Of course, opportunities only come to those who are prepared. Although Bifrost's current size may not be comparable to the top staking projects, its ambition and potential have already begun to emerge. The launch of the channel commission plan is a key step in its "ecological contracting" strategy.
For the channel parties, it is the right time, right place and right people to enter the market. First of all, Bifrost is in a period of rapid development and has broad market prospects. Channel parties can catch this express train, take advantage of the east wind to achieve overtaking and seize the market opportunity. Secondly, by participating in the commission sharing, the channel parties can find a new monetization channel for their traffic assets and realize diversified revenue generation. Bifrost's technical strength and operational capabilities can also continuously deliver high-quality projects and products to the channel parties, forming a virtuous circle of mutual benefit and win-win.
This is completely in line with the current development concept of Web3. The decentralization, shared economy, and value return advocated by Web3 are realized through innovative projects such as Bifrost. If the channel party can deeply participate in it, it will undoubtedly gain social recognition and industry status far beyond economic returns.
So, how can you become Bifrost’s ally and share the bonus feast of the Staking economy? In fact, it’s very simple. You only need to:
1. Submit an application proposal in the Bifrost community forum, clearly explain your resource advantages and demands, and express your intention to cooperate;
2. After passing the initial review by the Bifrost team, a vote will be initiated on OpenGov, Bifrost’s on-chain governance platform;
3. If the vote is passed, congratulations, you will officially become a Bifrost-certified commission distribution channel and have an exclusive income-generating channel;
4. All that remains is to use your influence and resources to attract more new users to Bifrost and earn commissions, and enjoy a steady stream of passive income.
Does it sound simple? But to ensure accuracy, it is recommended that you refer to Bifrost's official operating documents. After all, the blockchain world is changing rapidly, and maintaining a sensitive sense of smell and learning ability is a must for every investor. Bifrost will also do its best to protect the channel, answer your questions at any time, and provide the most timely and professional support.
I believe that after some efforts, you will definitely be able to occupy the C position in Bifrost's circle of friends and become the most dazzling star. By then, when the 10 billion market value of Staking appears, you will be the first to try it. And when everyone is shouting "All in Staking", you will have already watched the wind and clouds with a smile.
In conclusion:
As the saying goes, "Opportunities favor those who are prepared." Looking at the current crypto market, Staking is undoubtedly one of the most anticipated trends. It is predicted that by 2025, the total market value of Staking is expected to exceed 100 billion US dollars, becoming the next myth of wealth creation. The timely launch of the channel commission plan by Bifrost has undoubtedly fueled this trend and injected a new catalyst.
For Bifrost, this is a brilliant move. By leveraging the power of channels and encouraging commission sharing, the Staking market can be deepened and expanded, and the ecosystem can be accelerated. At the same time, the channel can also leverage Bifrost's technical advantages and brand influence to open up new revenue channels and increase user stickiness. It can be said that it kills two birds with one stone and complements each other.
The ultimate beneficiaries are still the users. As more and more channels join, the reach of vToken will surely expand dramatically. For ordinary users, participating in Staking will become as simple and convenient as transferring money via WeChat. This will greatly broaden the group of participants in Staking, allowing more people to have the opportunity to share the wealth feast brought by this trend.
The above are some of my superficial views on the Bifrost channel commission plan. As an "old leek", I am eager to try it. If you are also interested, you may want to move to the Bifrost governance platform, or join the community, dig out more useful information, and find the most suitable way to participate. The earlier you act, the earlier you can taste the sweetness.
vToken channel commission plan documentation:
https://docs.bifrost.finance/partners/vtoken-reward-share-program
Bifrost governance platform proposal entry:
https://bifrost.subsquare.io/discussions
vToken channel commission plan related data query:
https://ref.bifrost.app
