Bifrost Liquid Staking (Biquid) is a solution that allows you to monetize by staking BFC and utilizing your staked BFC in various DeFi. When you stake BFC, you will receive stBFC or wstBFC, which can be exchanged back to BFC whenever you want, and can be used for additional profit.

When a user stakes BFC on Bifrost network, they are rewarded with a corresponding amount of (w)stBFC. During this process, BFC is staked internally to the most profitable and trusted validators. Users holding (w)stBFC can periodically receive staking rewards, which can be freely utilized in DeFi. You can also instantly exchange ownership between (w)stBFC and other tokens through decentralized exchanges such as Everdex, or you can unstake to burn your (w)stBFC and withdraw your BFC staked on Bifrost network.

Biquid operates on Bifrost Network. Bifrost Network handles a variety of cross-chain communications through cross-validation by mainnet relayers, maintaining superior security likewise L1 protocols. Biquid also introduces a non-custodial staking solution to eliminate counterparty risk, and has been audited by Theori, a global security auditing firm, to further enhance its security credibility.

Biquid does not charge any fees other than the minimal fees required to operate the nodes and gas fees, and the annual percentage yield takes into consideration of node operating fees. The reason why Biquid doesn't charge additional fees is because our goal is focused on activating Bifrost Network’s ecosystem.

Wrapping is the process of converting an asset into another form to increase usability. In Biquid, the process of converting stBFC to wstBFC is called wrapping, and conversely, the process of converting wstBFC back to stBFC is called unwrapping.

stBFC is a rebasing token that earns interest in a way that increases in quantity over time, which means that the stBFC you own will automatically increase in quantity based on your staking rewards. As a result, the exchange ratio between stBFC and BFC remains 1:1.

wstBFC is a reward-bearing token that accrues interest in a way that increases the value of wstBFC relative to BFC over time, which means that the amount of wstBFC you own does not change, but the amount of BFC you can exchange for 1 wstBFC automatically increases based on your staking rewards.

(w)stBFC can be utilized for a variety of purposes, including collateralizing loans, providing liquidity, and swaps. You can find specific uses in DeFi Integration.

Staking rewards are distributed every 12 hours.

There are two main withdrawal methods. 1. Withdrawal without fees after a 7 days unstaking period 2. Immediate withdrawal through a decentralized exchange such as Everdex.