Bifrost Debuts One-Click Leverage Staking in Polkadot Ecosystem

FinanceFeeds Editorial Team

Bifrost introduces LoopStake, a one-click leverage staking product for the Polkadot ecosystem, at the Sub0 conference, aiming to simplify yield amplification on staked assets, starting from March 13 on


In a notable development within the decentralized finance (DeFi) sector, Bifrost, a leader in liquid staking protocols, unveiled LoopStake at the Polkadot Asia developer conference, Sub0. This new service, available on from March 13, offers a straightforward approach for users to boost their staking yields through a one-click leverage staking solution within the Polkadot ecosystem. LoopStake enables users to stake their assets to receive a liquid staking token (LST), which can then be used as collateral to borrow more assets and repeat the process, thus optimizing yield generation in a user-friendly manner.

The traditional process of leverage staking, which involves looping collateral manually, is known for its inefficiency and high transaction costs. LoopStake addresses these challenges by providing a streamlined, one-click solution, making advanced staking strategies accessible to a broader audience, and enhancing the overall user experience in crypto asset management.

Bifrost, built on the Substrate framework and leveraging Polkadot’s interoperability features, stands as Polkadot’s largest liquid staking protocol with a Total Value Locked (TVL) of around $150 million. The introduction of LoopStake aims to further boost the adoption of liquid staking by simplifying the leverage staking process. Initially supporting the DOT asset, Bifrost plans to extend LoopStake’s capabilities to include additional assets and possibly integrate cross-chain functionalities.

This initiative is part of Bifrost’s commitment to innovating in the DeFi space, as highlighted by cofounder and CEO Lurpis Wang, who emphasized the goal of offering users greater flexibility and potential for higher returns. Bifrost’s liquid staking solutions, such as vDOT and vKSM, have already shown significant growth, with vDOT reaching over 7 million DOT in TVL and vKSM nearing 500,000 KSM.

The emergence of liquid staking, particularly after Ethereum’s Shapella upgrade, which allowed for ETH withdrawals from staking contracts, has marked a transformative period in DeFi. Liquid staking has become the largest category within DeFi, with a TVL of approximately $50 billion, as LSTs offer a combination of versatility and inherent yield that is increasingly preferred over traditional staking methods. LSTs are now seen as a parallel to traditional fixed-income products, like US treasuries, offering a secure and profitable investment avenue within the digital asset space.

With the introduction of LoopStake, Bifrost not only simplifies the leverage staking process but also sets a new standard in crypto asset management, aiming to attract both seasoned investors and newcomers to the DeFi ecosystem. This move underscores the ongoing evolution and growing sophistication of DeFi strategies, contributing to the sector’s broader adoption and innovation.

Read this next


BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.


Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).


Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.


BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.