Biquid Review 2026: Liquid Staking for Bifrost's BFC Token

Biquid is a liquid staking service built for Bifrost Network and its BFC token. Stake BFC and you receive stBFC or wstBFC, which stand for your staked position and can be used in other DeFi apps while rewards keep accruing.

The homepage shows a total value locked of about 277 million BFC and an APY of 8.3% at the time of capture. Outside figures put the value locked at roughly 6 million USD. The project has been listed since December 2024 and has no token of its own besides the staking receipts.

Its main selling point is avoiding the lock-up of normal staking. You can unstake after 7 days at no fee or exit instantly through a decentralized exchange. It is a single-asset, single-chain product and is mostly useful to people who already hold BFC.

You stake BFC on Bifrost Network through Biquid and receive a liquid token in return. The token is either stBFC, which grows in quantity as rewards arrive, or wstBFC, which keeps a fixed quantity while each token becomes redeemable for more BFC. Behind the scenes, Biquid delegates the pooled BFC to validators it selects, and rewards are distributed every 12 hours.

The point of the receipt token is that it can be used elsewhere. On Everdex, a decentralized exchange, you can provide liquidity to the BFC/wstBFC pool. On BiFi, a lending platform, you can supply wstBFC and borrow against it. Each extra step adds its own risks, such as impermanent loss or liquidation.

To exit, you can burn the token and withdraw BFC after a 7-day unstaking period with no fee. Alternatively, you can swap on a DEX for an immediate exit, which depends on the pool's liquidity and current price.

The homepage FAQ says Biquid charges no fees other than the minimal costs of running nodes and network gas fees. It says the displayed APY already accounts for node operating costs. Unstaking after 7 days is described as fee-free.

A post on the project's community page says the fee structure for Biquid staking products is being updated to support BFC burn and ecosystem operations. The details are not stated in the material reviewed, so check the app and docs for the current rate. Swapping through a DEX for an instant exit will add its own trading fees and price impact.

Biquid describes itself as non-custodial, which means the project says it does not take custody of user funds in a way that creates counterparty risk. It states that it was audited by Theori, a South Korean security firm, and that Bifrost Network relayers cross-verify cross-chain transactions. The homepage does not link a full audit report, and DefiLlama lists no audits for it.

Remaining risks include smart-contract bugs, validator performance, and the price of wstBFC drifting from its redemption value on DEXs. Using wstBFC as collateral or in liquidity pools adds liquidation and impermanent-loss risk. Regulatory status and team details are not published on the homepage. Only stake what you can afford to lose.

Biquid suits people who already hold BFC and want to earn staking rewards while keeping the option to use the staked position in DeFi. It is less relevant for anyone who does not use Bifrost Network, or who needs instant, guaranteed exits at par.