# Summary

This proposal aims to register Bifrost vBNC (liquid staking BNC) on Hydration:

1. Register vBNC Token.
2. Create BNC-vBNC Stable Pool

# Motivation

- Following the launch of Bifrost's [New Tokenomics 2.0](https://bifrost.subsquare.io/posts/77), the Bifrost staking module will soon migrate from Bifrost Polkadot to Bifrost Kusama. As a result, vBNC—the liquid staking version of BNC—will become a new vToken requiring liquidity in Hydration.
- Currently, **5,582,645 BNC** are staked via vBNC (7% of total issuance), with a **$1.22m TVL** in Bifrost Kusama. This will generate additional Yield DCA demand for Hydration, allowing users to yield any Token via vBNC. **Furthermore, the Bifrost treasury will be able to continuously acquire Staking rewards through vBNC's Yield DCA, incentivizing the omnipool**.
- Bifrost will soon feed vToken price to Hydration via XCM, which would help stablepool enablling drifting peg between vBNC and BNC, BNC in omnipool can easily route though it.
- We are all eagerly anticipating earning HDX through yields from vBNC, aren't we? :)

# Liquidity Provision

Bifrost will propose to provide $80,000 as initial liquidity, incentivize is expected to be around 1-2% APR with a target liquidity of $500,000, in a three-month trial.

# **Technical details**

Token information:

- Asset name: Voucher BNC
- Asset symbol: vBNC
- Asset Multilocation:

Multilocation: { parents:1, interior: X2(Parachain(2030), GeneralKey(0x0101)}

Decimals: 12

# Links & References

- Website : https://bifrost.io/
- Documentation : https://docs.bifrost.finance/
- Github Page : https://github.com/bifrost-io
- Communities : [Discord](https://discord.gg/8DRBw2h5X4) ; [Twitter](https://twitter.com/Bifrost)

#218 Register Bifrost vBNC in Hydration and Create BNC-vBNC Stable Pool