Lock vBNC and receive bbBNC. The bbBNC value is proportional to the amount and duration staked (up to a maximum of 4 years). Each address is associated with a single bbBNC expiry date, and bbBNC can't transfer.
The bbBNC value is a key indicator for participating in dividends. Simply put, the higher the proportion of bbBNC value in the overall, the more you might get in various bbBNC holdings benefits.
Your bbBNC value will decrease over time and will reach zero once the lock duration ends. At this point, your staked vBNC will be unlocked.
For users who need to unlock bbBNC immediately to retrieve locked vBNC in advance, Bifrost offers a method of early unlocking. However, this comes with a certain slash, you may LOSE YOUR vBNC PRINCIPLE by early redemption. The relevant formula is as follows:
Redemption Slash % = ((Remaining locked blocks + 5,256,000) / 26,280,000)^2
The vBNC that users can get by unlocking in advance = Locked vBNC * (1 - Redemption Slash %)
