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Bifrost Liquid Staking: Cross-Chain DeFi Growth on Polkadot and Ethereum L2s
Bifrost is a dedicated liquid staking appchain built with the Polkadot SDK, offering cross-chain staking solutions for multiple blockchain ecosystems. Its mission is to let users earn staking rewards while keeping their assets liquid, secure, and usable in DeFi.
From Ethereum to a Custom Appchain
Bifrost’s first product, vETH, launched in 2020 on Ethereum. While successful, Ethereum’s smart contract limitations—such as restricted security controls, limited fee optimization, and no custom governance—slowed innovation. Liquidity was also fragmented across chains.
These issues led Bifrost to develop a sovereign appchain on Polkadot, enabling:
Strong Market Position
Since the migration, Bifrost has:
Next Steps: Expanding vETH
By early 2025, Bifrost plans to:
Launch native vETH minting on Polkadot
Expand vETH across all Polkadot parachains via SLPx protocol
Deploy vETH to Ethereum Layer 2s—starting with Base and later other Optimism-based L2s through Hyperbridge
Bifrost’s evolution from Ethereum to Polkadot has redefined cross-chain liquid staking. With a dominant position in DOT staking, governance integration, and upcoming vETH expansion, Bifrost is poised to become the leading bridge between Polkadot and Ethereum L2 DeFi ecosystems.