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Bifrost officially launches tokenomics model 2 bbBNC, with a one-year lock period annualized yield of approximately 43%.
ChainCatcher news, Bifrost announces the official launch of Tokenomics 2 - bbBNC (Buy Back BNC). bbBNC is the Lock-up Position profit-sharing certificate for its native Token BNC. Under this economic model, Bifrost will use 100% of the protocol's profits to repurchase BNC, and 10% of the repurchase amount will be destroyed, 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 yield for a one-year bbBNC lock-up is approximately 43%. Along with the release of bbBNC, it also launched the bbBNC Riders event to provide additional minting incentives for bbBNC.