According to Foresight News, Bifrost, a full-chain Liquid Staking Appchain, has announced the launch of Loop Stake, a new leveraged staking product for liquidity staking assets (LST). Loop Stake allows users to set and manage a maximum leverage ratio of up to 4 times, depending on their risk preferences, and achieve multiple staking returns for various LSTs. The product is created through a customized multi-stage interest rate curve and flash loan leverage for LST.
In addition, Bifrost plans to launch Tokenomics 2.0 in the near future and will capture value for BNC. Currently, Bifrost has a total value locked (TVL) of $145 million and is the largest Liquid Staking Appchain based on Polkadot. It now supports liquidity staking for multiple blockchains, including Polkadot, Ethereum, Moonbeam, Filecoin, Astar, and Manta.