# Core - bbBNC **bbBNC** is a Bifrost **revenue-sharing representation voucher** that enables holders to **maximize their yield through $BNC buyback, yield of vBNC, protocol revenue and boosted farming**. ### What is bbBNC? bbBNC is an ultimate version evolves from BNC and vBNC by following with protocol revenue. **1. Native Coin (****$BNC****)** BNC is Bifrost Native Coin, the governance Token of Bifrost. It is commonly used in the Bifrost network for transaction fee payments, treasury spending, and liquidity incentives. **2. Liquid-staked Native Coin (****$vBNC****)** The liquid-staked version of $BNC, staking rewards appriciating in the value of $vBNC. #### **bbBNC**** = $BNC + $vBNC + Revenue Sharing** Users can obtain bbBNC by liquid staking BNC to acquire vBNC and then locking this vBNC to receive bbBNC. **The amount of bbBNC a user gets depends on the quantity of vBNC locked and the duration of the locking period**. **bbBNC is non-transferable** and can be redeemed for locked vBNC upon maturity. However, bbBNC can be redeemed before maturity, but users may face a slash for redeeming earlier than the set date. Slash will be fully counted as protocol revenue and will participate in BNC buybacks, burns, and bbBNC incentives.
### Why holding bbBNC? * **Profit Distribution**: bbBNC holders will share protocol profits. The distribution proportion depends on the amount of bbBNC held and the length of the locking period. The larger the holding and the longer the lock-up period, the higher the share of the profit distribution. * **Staking Rewards**: bbBNC, obtained by locking vBNC, integrates the staking rewards from Bifrost liquid staking token vBNC. * **Governance Rights**: bbBNC inherits the governance rights of BNC, allowing holders to participate in the governance of the Bifrost protocol. * **Boosted farming**: bbBNC holders can receive additional incentives when participating in vToken farming. ### Sources of Bifrost protocol revenue allocates to bbBNC * **vToken Commission**: The protocol earns a commission from staking rewards through its liquid staking services, which are then transferred to the protocol treasury. This is a significant part of Bifrost's revenue. * **System Staking**: This is generated by staking assets within the Bifrost system account. * **Tx Fee**: As an independent app chain, Bifrost charges gas fees for transactions on the Bifrost chain. A percentage of these fees is allocated to the Bifrost treasury. * **vToken Swap Fees**: Bifrost has established a dedicated LST Stable Swap Pool for vTokens. Users can swap vTokens in this pool, and the Tx fees paid will largely go to liquidity providers (LPs), while a portion will also be shared with bbBNC holders. * **Expanded Application Revenue**: Bifrost will also launch various extension application services centered around liquid staking, including LST leverage staking (Loop Stake). Users utilizing these services will generate revenue for the Bifrost protocol, thereby providing returns for bbBNC holders. * **bbBNC Early Redemption Slash**: If bbBNC is redeemed before maturity, a certain slash will be incurred, and the slash will be fully allocated to protocol revenue. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bifrost.io/tokenomics-2.0/core-bbbnc.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.