Overview
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In order to further expand Bifrost's market share in the liquidity staking track and make BNC holders more closely bound to the Bifrost protocol, this new BNC economic model is now proposed to stimulate the start of Bifrost's growth flywheel by binding the Bifrost protocol revenue sharing with BNC governance and staking functions.
Tokenomics 2.0 suggests using 100% of the profits from the Bifrost protocol for the buyback of BNC, with 90% allocated to bbBNC holders and the remaining 10% to be burned. bbBNC, short for Buy Back BNC, is a type of escrow token used for sharing the protocol's profit.
