Bifrost vETH 3.0 Launch: A New Cross-Chain Native Staking Solution, How Is the 273% APY Achieved?

【Crypto World】Bifrost recently launched vETH 3.0, a full-chain liquid staking solution, officially released on December 19. What are the core highlights of this solution? In simple terms, it allows ETH staking to be natively minted on networks such as Ethereum, Base, Arbitrum, Optimism, Polkadot, and Bifrost through the SLPx protocol, enabling users to earn staking rewards across multiple chains without the hassle of cross-chain operations.

From a technical perspective, vETH 3.0 uses DVT technology (provided by SSV Network) to ensure that staking nodes are fully decentralized, guaranteeing security. Additionally, it is compatible with the ERC-4626 standard, which means DeFi projects can access and integrate it permissionlessly, greatly enhancing asset composability—an important aspect in the DeFi ecosystem.

The most eye-catching part is the yield data. Compared to stETH, vETH 3.0 offers significantly higher yield advantages. Upon launch, a one-month minting incentive program was introduced, with the highest annualized yield reaching up to 273%—a quite impressive figure. Of course, this is during the incentive period, and there will be some adjustments later, but it demonstrates the project team’s sincerity towards this product.

Overall, vETH 3.0 has found a good approach to solving the problem of cross-chain liquidity fragmentation, providing staking users with a safe, efficient, and highly competitive option.