Summary
- Bifrost announced the launch of the Web3 investment infrastructure platform StableDAO.
- The platform introduces a BFC and BiFi token burn mechanism, explaining that deposits simultaneously contribute to ecosystem deflation.
- Bifrost indicated that as participation by DAO members increases, both the burn amount and token value can rise together.
Bifrost has officially launched its Web3 investment infrastructure platform, 'StableDAO', and announced new tokenomics that include token burning.
On the 18th, Bifrost stated on its official Medium channel, "StableDAO is an investment infrastructure that supplies stablecoin-based funds to Web3 projects to solve liquidity issues." Participants in the decentralized autonomous organization (DAO) collectively decide which projects to invest in, with 30% of profits allocated to BFC token burn and 2% to BiFi token burn.
The platform supports staking based on BTC, stablecoins, and BFC, with deposited BFC utilized in the form of wstBFC (staked BFC). Users receive a share of StableDAO's profits in addition to staking rewards.
While traditional deposit products have only provided yields, StableDAO is designed so that a portion of profits is used for BFC and BiFi burning, thereby making the act of depositing itself contribute to ecosystem deflation.
Bifrost explained, "StableDAO is designed not merely as an investment fund, but as a structure that connects Web2 capital with Web3 technology," and, "As participation in DAO increases, the burn amount will also rise, thus simultaneously enhancing token value and ecosystem trust."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
