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In the Withdraw section, you can use (w)stBFC to get your BFC back. There are two withdrawal methods, and we will briefly compare the pros and cons of each method, so feel free to choose the one that suits your situation.💸
Method 2. Fee-free withdrawal by requesting unstaking and waiting for the required period
Method 1. Immediate withdrawal through with a 0.3% service fee.
Here, we will get started with Biquid.
Biquid aims to provide easy access to liquid staking while excluding complex processes. Follow through the Getting Started with Biquid section to successfully understand the way Biquid works.
Before getting started, you must connect your wallet and change its network to Bifrost network. This is as the assets used in Biquid (BFC, stBFC, wstBFC) are all supported on the Bifrost network.
When you first enter the website, click the Stake button to get started with the staking process.
After clicking Stake, there are 4 additional pages (Stake, Wrap, Dashboard, Withdraw) for access. Let’s learn about what each pages provide!
On the Stake page, users can stake BFC and choose whether to recieve wstBFC or stBFC. While earning staked profits, users can additionally utilize (w)stBFC like traditional crypto assets through DeFi protocols, as well as exchanging back to BFC whenever needed.
How can (w)stBFC be utilized? The DeFi Integration tab provides various DeFi platforms which users can access to maximize the benefits of Biquid staking.
Through the Wrap page, stBFC can be exchanged to wstBFC and vice versa. At Biquid, the conversion from stBFC to wstBFC is called ‘Wrap’, and the opposite process of wstBFC to stBFC is called ‘Unwrap’.
Users can easily access their staking status through the Dashboard page. Staking amount, reward history, realized returns, current balance, expected rewards and more information are shown comprehensively on the page, allowing users to completely monitor their current staking progress.📈
Through the Withdraw page, users can receieve BFC at the cost of (w)stBFC. There are two methods of withdrawing in which withdraw times and fees vary, but users can choose either method depending on their situtation.
Method 2. Fee-free withdrawal by requesting unstaking and waiting for the required period
Now, let’s dive into the specifics of using Biquid. A step-by-step process is recommended, but you can easily access specific sections in inquiry by clicking the section below.
To instantly withdraw from Everdex: First of all, click the Withdraw button or visit !
Visit !
For more information, refer to the section.
Method 1. Immediate withdrawal through with a 0.3% service fee.
There are two ways to enter the required amount.
The first way is to input the quantity of stBFC you want to exchange, in which case the quantity of wstBFC you will receive is automatically calculated and displayed based on the current exchange rate.
The second method is to input the amount of wstBFC you want to receive, which would result in the automatic calculation of the amount of stBFC required.
Choose which of the two methods is more convenient for your situation and make your exchange easy!
After entering the amount, click the Wrap button and confirm the transaction to complete the wrapping.
The Wrapping Transaction Process
Approve the stBFC spending cap (by the quantity to be exchanged)
Confirm wrapping
Wrapping is complete!
Unstaking is the process of unlocking BFC that has been staked on the Bifrost network so that it can be freely used again. You can request to unstake your BFC using stBFC or wstBFC, and your BFC will be available for withdrawal after the unstaking period.
The first step is to choose the token you want to use for unstaking, which can either be wstBFC or stBFC.
The next step is to enter the quantity of BFC you want to unstake. You can do this by typing the amount in the designated field, using the gauge bar, or pressing the Max button. Once you enter the quantity, it will automatically display the number of tokens to use for unstaking based on the exchange rate.
To keep the network running efficiently, we currently have two limitations when entering unstaking amounts. We will be making infrastructure improvements in the near future to remove these limitations, so we ask for your patience and understanding if this is a temporary inconvenience. 🙏
Limitations on the amount of unstaking
You can unstake BFC in increments of 10,000
You can unstake BFC with a maximum of 500,000 at a time (There is no limit to the number of BFC that can be unstaked per account.)
After entering the quantity, click the Unstake button and confirm the transaction, and your unstaking request is complete!
Transaction process when requesting unstaking with wstBFC
Confirm Unwrapping (wstBFC → stBFC)
Approve the stBFC spending cap (by the quantity to be unstaked)
Confirm unstaking
Transaction process when requesting unstaking with stBFC
Approve the stBFC spending cap (by the quantity to be unstaked)
Confirm unstaking
You can check your withdrawal status to see if your unstaking request was successfully processed. After the unstaking period, the status will be marked as 'Available' for withdrawal and the Withdraw button will be activated. Clicking this button and approving the transaction will withdraw the amount of BFC requested.
Want to immediately withdraw your BFC?
Visit !
The Dashboard page gives you all the important information about your investments at a glance. You can see the staked amount, rewards history, and returns in real-time, as well as your current balance and expected future rewards. This makes it easy for you to monitor the status of your investments.
Investment status shows your current staking amount, accumulated staking rewards, and the return based on rewards paid out.
Staked BFC: This shows the amount of BFC you are currently staking. This quantity is based on the amount of stBFC and wstBFC you have in your wallet, converted to BFC by applying the exchange rate.
Example) Staked BFC = 210 BFC
Balance: 100 wstBFC, 100 stBFC
Exchange Rate: 1 wstBFC = 1.1 BFC, 1 stBFC = 1 BFC
→ Value in BFC: 100 wstBFC = 110 BFC, 100 stBFC = 100 BFC
⚠️Disclaimer: The Value in BFC may vary as the balance and exchange rate may change in real-time. This is just an example to help you understand, and should be used as a guide only.
Cumulative Earnings: The total amount of rewards you've earned from staking so far.
Average Annualized Return: The average of the annualized returns is calculated based on the amount of staking and rewards you have received so far. In other words, this number represents the average of the annualized returns shown in your 2. Reward History.
Staking rewards are distributed periodically, and rewards are recorded in your reward history. The reward history shows when the reward was given, the reward quantity, staking quantity, realized return, and annualized return.
Realized Return: The realized return is the value obtained by dividing the staking reward by the staking volume at that time. → Rewards / Staked BFC
Annualized Return: The annualized return is the realized return scaled to an annual return. → 365 * Realized Return
Balance: Shows the BFC, wstBFC, and stBFC balances in your wallet address.
Expected rewards: Calculated by multiplying the current ‘Staked BFC’ by the expected return per period. The formula is as follows.
Expected reward after 1 day = Staked BFC * APY / 365
Expected reward after 1 week = Staked BFC * APY / 52
Expected reward after 1 month = Staked BFC * APY / 12
Expected reward after 1 year = Staked BFC * APY
After the unstaking is complete, you can check the status of your withdrawals: processing, available, and completed. If any of your withdrawals are available, you can click the Withdraw button to withdraw them immediately.
What is Liquid Staking?
Liquid staking is a breakthrough that overcomes the lock-up issue of traditional staking. In traditional staking, the staked cryptocurrency is locked up on the network for a period of time and cannot be freely used, although some rewards are received periodically. Liquid staking solves this problem by giving users who stake liquid staking derivatives(LSD), which are tokens that represent their staked assets. Users can then freely utilize these tokens on other DeFi platforms while still receiving the staking rewards, allowing them to get the benefits of staking and liquidity at the same time.
Staked cryptocurrency is delegated to Validators, helping to strengthen the security of the network. Validators use this cryptocurrency to create new blocks and validate transactions, and are compensated with cryptocurrency in return. The rewards are distributed between validators and stakers. Typically, validators take a portion of the reward as a fee, and the rest is distributed to stakers in proportion to the amount of cryptocurrency they've staked.
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. The staked BFC is then delegated to validators and used to increase the security of the Bifrost network. Finally, if a user requests to unstake, they will become withdrawable after the unstaking period, and their BFC will be withdrawn when they request a withdrawal.
Biquid offers users a way to stake BFC. BFC is the native coin of the Bifrost network and is utilized for various purposes related to the operation of the network. BFC can be easily purchased on the exchanges listed below.
Upbit(BFC/BTC)
Bithumb(BFC/KRW)
KuCoin(BFC/USDT)
Gate.io (BFC/USDT, BFC/ETH)
HTX(BFC/USDT)
Cryptology(BFC/USDT)
Korbit(BFC/KRW)
Once you complete staking, you will receive either stBFC or wstBFC. The holder of the (w)stBFC is considered a participant in the staking, and will receive periodic staking rewards accordingly. This means that even if you utilize your (w)stBFC on another DeFi platform, you will continue to receive staking rewards as long as you retain ownership. However, if you swap your (w)stBFC for another cryptocurrency or use it to unstake, you will lose ownership and will no longer be eligible for staking rewards. In other words, ownership of (w)stBFC is a key factor in determining whether or not you are a staking participant.
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.
The main difference between stBFC and wstBFC is how interest is reflected. For example, let's compare two scenarios where you stake 100 BFC with an annualized return of 10% and are given 100 stBFC and 100 wstBFC. If you are given 100 stBFC, after one year, the amount of stBFC you own will increase to 110 stBFC. On the other hand, if you were given 100 wstBFC, your quantity remains the same at 100 wstBFC, but the amount of BFC you can exchange for 1 wstBFC increases by 10%. In both cases, you will end up with 110 BFC to withdraw after one year.
As you can see above, stBFC and wstBFC have different properties, which makes them suitable for different DeFi services. First, stBFC can be useful in DeFi where the growth of quantity is directly impacted. For example, services that support Yield Farming, where interest and principal are traded or managed separately, may be better suited for stBFC. On the other hand, wstBFC can be conveniently utilized in DeFi services where a fixed quantity of tokens is important. For example, when using wstBFC as collateral in a lending protocol, the landing protocol does not need to account for token quantity fluctuations because the token quantity is fixed.
Staked BFC are delegated to the best validator in terms of profitability and reliability, who then uses them to enhance the security of the Bifrost network. Validators validate transactions and create new blocks according to the rules of the network. In the process, rewards are distributed to both validators and delegators.
Unstaking is the process of unlocking staked BFC to be used again. Users can request unstaking using stBFC or wstBFC, and their BFC will be withdrawable after the unstaking period.
When a user requests unstaking, the stBFC used for the request is burned and a Withdrawal NFT is issued with information such as the date and quantity of the unstaking request. After the unstaking period, the user can then request a withdrawal of BFC via the Withdrawal NFT, and BFC will be withdrawn based on the information in the NFT. Once the withdrawal is complete, the Withdrawal NFT is burned.
For more information on the withdrawal process after unstaking, see !
Biquid offers the facility to exchange stBFC and wstBFC for free through wrapping and unwrapping. For more information, please refer to !
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.
Since stBFC and wstBFC have different uses, we recommend that you check the use case of each token in DeFi Integration and choose the appropriate token for your needs. Regardless of which token you choose, there will be no loss to your assets, and you will receive the same staking reward.
(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.
If you received the wrong token when staking, you can exchange it for the correct token on the wrapping page. For example, if you received stBFC when you needed wstBFC, you can exchange stBFC for wstBFC on the wrapping page.
Staking rewards for stBFC are reflected in an increasing quantity every 12 hours. On the other hand, wstBFC reflects staking rewards by increasing the value of wstBFC every 12 hours. These two values are converted to BFC and then added.
The expected rewards are calculated by multiplying the current ‘Staked BFC’ by the expected return per period. The formula is as follows.
Expected reward after 1 day = Staked BFC * APY / 365
Expected reward after 1 week = Staked BFC * APY / 52
Expected reward after 1 month = Staked BFC * APY / 12
Expected reward after 1 year = Staked BFC * APY
Yes, you can earn rewards. Rewards and staking updates are automatic on the Biquid dashboard. However, if you use (w)stBFC on other DeFi platforms, rewards won’t reflect on the dashboard but will still accumulate automatically.
Withdrawal is the process of receiving BFC by exchanging with (w)stBFC.
There are two main withdrawal methods.
Withdrawal without fees after a 7-day unstaking period
Immediate withdrawal through a decentralized exchange such as Everdex.
The benefit of withdrawal after unstaking is that you don't have to pay any fees, but the downside is that you have to wait for a 7-day unstaking period before you can withdraw. On the other hand, withdrawing through a decentralized exchange has the benefit of immediate withdrawal, but the downside is that you'll have to pay a fee of around 0.3%.
You can withdraw through decentralized exchanges such as Everdex.
The reason why the quantity of (w)stBFC received when staking is slight different from the exchange rate is because the quantity of staked tokens are managed in terms of shares and are divided in integers.
During this process, decimal values are rounded down (discarded), which can lead to subtle differences. For example, in certain situations, the calculation can result in a difference of 1-2 wei. This is also common in other staked assets, such as staked Ethereum (stETH).
If you would like to receive additional (w)stBFC to fill in the difference, try clicking the [Adjust Token Unit] button at the top right corner.
Similar to wrapping, there are two ways to enter quantities for unwrapping. The first way is to input the quantity of wstBFC you want to exchange, in which case the quantity of stBFC you will receive is automatically calculated and displayed based on the current exchange rate.
The second method is to input the amount of stBFC you want to receive, in which the amount of wstBFC is automatically calculated as a result.
Choose which of the two methods is more convenient for your situation and make your exchange easy!
After entering the quantity, click the Unwrap button and confirm the transaction to complete the unwrapping.
Unwrapping is complete!
The Stake page offers a staking feature that allows you to deposit BFC on the Bifrost network and receive rewards periodically. At the same time as staking, you will receive liquid staking derivatives such as wstBFC or stBFC, which can be utilized in various ways, making it possible to stake BFC without lock-up. These tokens, which can be utilized like another cryptocurrency, provide more liquidity for staking.
Let's take a step-by-step guide to staking BFC.
The first thing you need to do is to choose a liquidity staking derivative. You'll need to decide whether you'd like to receive stBFC or wstBFC after staking. Since stBFC and wstBFC have different uses, we recommend that you check the use case of each token in DeFi Integration and choose the appropriate token correspondingly. Regardless of which token you choose, there will be no loss to your assets, and you will receive the same staking reward.🤗
Next, you will need to input the staking amount. You can enter the staking amount by manually typing the amount in the fields where indicated, or by utilizing the gauge bar and the Max button. After entering the staking quantity, the amount of (w)stBFC will be displayed based on the current exchange rate.
To keep the network running efficiently, we currently have two limitations when entering staking amounts. We will be making infrastructure improvements in the near future to remove these limitations, so we ask for your patience and understanding if this is a temporary inconvenience. 🙏
Limitations on the amount of staking
You can stake BFC in increments of 10,000
You can stake BFC with a maximum of 500,000 at a time (There is no limit to the number of BFC that can be staked per account.)
After entering the quantity, click the Stake button and confirm the transaction, and your staking is complete!
Click the DeFi Integration button on the staking completion window or go to the DeFi Integration page to see the various DeFi platforms that you can use with (w)stBFC at a glance.
Now that you've completed your staking, you can utilize (w)stBFC in DeFi!
We'll continue to expand DeFi platforms that support (w)stBFC in the future, so stay tuned!🔥
For more information, refer to the section.
With Biquid, anyone can easily and securely stake BFC without the risk of lock-up.
Unlike previously existing staking methods, Biquid successfully contributes to the security of Bifrost Network without compromising the risk of lock-up of staked BFC. Through this process, users can freely access the additional profits created through BFC staking, as well as easy access to BFC withdrawals.
Biquid aims to improve the security of Bifrost network, as well as rejuvenating the native Bifrost ecosystem. Biquid aims to reach further out with additional DeFi services, as well as improving the usability of BFC.
The only liquid staking for BFC, get started with Biquid today!🚀
Biquid is targeted for the following:
Through Biquid staking, users who have previously staked BFC can earn additional profits.
Users who have previously feared crypto asset lock-ups can now freely utilize and withdraw staked BFC.
Anyone who owns BFC can safely and easily generate profit.