Bifrost Finance
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
Bifrost Finance firmographics
Firmographics- Name
- Bifrost Finance
- Legal name
- Bifrost Finance
- Website
- https://bifrost.finance
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Bifrost Finance industry classification
Industry- Product category
- Decentralized Liquid Staking Protocol
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Liquid Staking & Restaking Protocols (FSADAMAE)
- akta.pro secondary industries
- Liquid Staking Protocols & Liquid Staking Tokens (LST) (FSADAOAL), Custodial Staking Providers (FSADAHAG), Market Making & Liquidity Provision (FSADAJAC)
Keywords
Where Bifrost Finance is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
Bifrost Finance business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Others
Revenue model
- Yield-based fees from staking operations: Revenue generated through yield differential between staking rewards and vToken distribution. The protocol captures a portion of staking yields generated across supported assets including DOT, KSM, ETH, BNC, ASTR, and MANTA.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels9 records
Bifrost Finance product offering
Product offeringCore offering
Bifrost Finance operates a liquid staking protocol built on the Polkadot parachain that enables users to stake digital assets (DOT, KSM, ETH, BNC, ASTR, MANTA) and receive yield-bearing vTokens that maintain a 1:1 peg with the underlying asset. These vTokens preserve staking rewards while unlocking liquidity for trading, borrowing, and leveraging across 30+ integrated DeFi protocols. The protocol also offers SLPx for instant vToken liquidity, bbBNC for enhanced BNC yields, and a developer program for building custom vTokens.
Product overview
Bifrost Finance is a liquid staking protocol operating as a platform-plus-modules architecture built on Polkadot. The core product is Liquid Staking, which generates yield-bearing vTokens (such as vDOT, vKSM, vETH) that maintain 1:1 peg and enable multi-scenario DeFi use cases without liquidations. The SLPx module extends vToken utility for instant liquidity across DeFi protocols. The bbBNC sub-product provides enhanced staking yields for BNC token holders through locking mechanisms. The Analytics platform offers real-time protocol monitoring, while the Build vToken program enables third-party projects to create custom vTokens. The platform supports 6+ assets (DOT, KSM, ETH, BNC, ASTR, MANTA) across 15+ blockchains with 30+ integrations.
Differentiator
Problem solved
Functional benefit
Brands
- vToken: Liquid staking token representing staked assets with 1-1 peg yield-bearing feature and cross-chain interoperability for governance capabilities.
- bbBNC
- SLPx
- Bifrost Stable Pool
Products and services
- Liquid Staking Core liquid staking product enabling users to stake digital assets and receive yield-bearing vTokens (such as vDOT, vKSM, vETH) that maintain a 1:1 peg with the underlying asset. vTokens can be used across DeFi protocols for trading, borrowing, and leveraging without liquidations.
- SLPx (Staking Liquidity Protocol) Derivative product that enables users to unleash vToken liquidity instantly for trading, borrowing, leveraging, and other multi-scenario DeFi use cases. SLPx underpins the Bifrost Stable Pool and supports the 30+ integration ecosystem.
- bbBNC (Boosted BNC) Liquid staking derivative of BNC (Bifrost's native token) that enables users to earn higher returns by minting vBNC and locking bbBNC, while retaining governance capability.
- Bifrost Analytics Dashboard Stats and analytics dashboard for monitoring Bifrost protocol metrics, Total Value Locked, and vToken performance.
- Build vToken for Your Project Developer program that enables third-party projects to build custom vTokens integrated with Bifrost's liquid staking infrastructure.
Quantifiable outcome
- $16M+ Total Value Locked
- +2 more outcomes
Companies that use Bifrost Finance
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Bifrost Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature5 records
Bifrost Finance partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Hydration (Omnipool)coreHydration Omnipool integration enables vToken liquidity provision and trading through Hydration's multi-headed liquidity protocol. Users can swap and provide liquidity for Bifrost liquid staking tokens within the Hydration ecosystem.
- StellaSwapcoreStellaSwap, the leading Moonbeam DEX and DeFi gateway, integrates with Bifrost to enable vToken trading and liquidity provision. Provides Bifrost users access to Moonbeam ecosystem DeFi services.
- KYO FinancecoreKYO Finance, the #1 native veDEX on Soneium, integrates with Bifrost enabling vToken liquidity provision and trading on the Soneium network.
- VelodromecoreVelodrome, a next-generation AMM on Optimism, integrates with Bifrost for vToken swaps and liquidity provision, enabling vDOT and other vTokens to be traded on the Optimism ecosystem.
- Bifrost Stable Pool Partners (SLPx Ecosystem)coreThe SLPx ecosystem includes 30+ integrations with DEXs, lending protocols, and liquidity platforms supporting vToken utilities for trading, borrowing, and leveraging across DeFi protocols.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Bifrost Finance competitors and assessment
Company assessmentOthers
- Hydration (HydraDX): Polkadot-native Omnipool AMM. A direct integration partner of Bifrost, comparable as a Polkadot DeFi primitive where vToken liquidity is deployed and where Bifrost competes for cross-chain liquidity flows.
- StellaSwap: Leading Moonbeam DEX and DeFi gateway. A direct integration partner of Bifrost — comparable as a Polkadot ecosystem DeFi venue that provides liquidity utility for vTokens and competes for user attention.
Emerging players
- Frax Finance: Decentralized stablecoin and liquid staking protocol issuing frxETH. Comparable as an emerging multi-product DeFi platform with a liquid staking product that overlaps Bifrost's stablecoin + ETH LST positioning.
Direct peers
- Marinade Finance: Liquid staking protocol on Solana issuing mSOL. Comparable product (LST with 1:1 peg yield-bearing design), comparable revenue model (staking yield spread), and comparable DeFi integration strategy.
- Stride: Liquid staking protocol native to Cosmos/Tendermint, issuing stTokens for ATOM and other Cosmos assets. Comparable as a multi-asset LST platform with cross-chain integrations and yield-based fee economics.
- Ankr: Multi-chain liquid staking and node infrastructure provider offering ankrETH and similar LSTs. Directly comparable as a cross-chain liquid staking platform targeting both retail and B2B/breadboarding use cases.
- Rocket Pool: Decentralized Ethereum liquid staking protocol issuing rETH. Comparable as a liquid staking protocol that monetizes via yield spreads and competes for the same DeFi integration mindshare.
- Lido Finance: The dominant liquid staking protocol for ETH and stDOT on Polkadot. Directly comparable as both issue yield-bearing 1:1 peg liquid staking tokens that integrate broadly across DeFi and capture yield-based fees.
Broad incumbents
- EigenLayer: Restaking protocol on Ethereum enabling ETH and LSTs (including potentially vTokens) to secure AVSs. Comparable as the leading yield-amplification layer for staked assets and a likely destination/competitor for Bifrost's restaking roadmap.
Regional players
- Acala: Polkadot DeFi hub offering liquid staking (LDOT), DEX and stablecoin products. Comparable as a Polkadot-native DeFi platform and one of Bifrost's structural ecosystem competitors for Polkadot LST market share.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Bifrost Finance social profiles
Digital presenceBifrost Finance compliance and trust
Trust signalCompliance6 records
Bifrost Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bifrost Finance leadership team
Management profileNumber of profiles
Profiles1 record
Bifrost Finance funding detail
Funding detailFunding overview
Funding rounds4 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bifrost Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bifrost Finance
What does Bifrost Finance do?
Bifrost Finance operates a liquid staking protocol built on the Polkadot parachain that enables users to stake digital assets (DOT, KSM, ETH, BNC, ASTR, MANTA) and receive yield-bearing vTokens that maintain a 1:1 peg with the underlying asset. These vTokens preserve staking rewards while unlocking liquidity for trading, borrowing, and leveraging across 30+ integrated DeFi protocols. The protocol also offers SLPx for instant vToken liquidity, bbBNC for enhanced BNC yields, and a developer program for building custom vTokens.
Is Bifrost Finance a public or private company?
Bifrost Finance is a private company. It is classified as unknown and is currently operating.
When was Bifrost Finance founded?
Bifrost Finance was founded in 2019. It employs 11 to 50 people.
Where is Bifrost Finance based?
Bifrost Finance is headquartered in Singapore, Singapore, in the Asia region.
How does Bifrost Finance make money?
One revenue line is on record: yield-based fees from staking operations.
Who are Bifrost Finance's main competitors?
Others on record are Hydration (HydraDX) and StellaSwap. Frax Finance is listed as an emerging player. Direct peers are Marinade Finance, Stride, Ankr, Rocket Pool and Lido Finance. EigenLayer is listed as a broad incumbent. Acala is listed as a regional player.
Does Bifrost Finance have an API?
No public API is recorded for Bifrost Finance.
What industry is Bifrost Finance in?
Bifrost Finance's product category is Decentralized Liquid Staking Protocol. Its primary akta.pro industry code is FSADAMAE, Liquid Staking & Restaking Protocols, with a secondary code of FSADAOAL, Liquid Staking Protocols & Liquid Staking Tokens (LST). Its NAICS code is 52321 and its SIC code is 6200.