Bifrost Liquid Staking · Kusama

VKSM

Overview

The Bifrost Liquid Staking VKSM on Kusama is a liquid-staking receipt for Kusama's native token, KSM. This protocol generates yield by staking KSM and distributing the rewards proportionally to VKSM holders.

Total APY stands at 12.71%, combining base yield with an additional reward of 0.07%. Over the past week, this rate has increased by 0.22% and over the last month it rose by 0.64%, placing it above the 30-day mean of 12.41%.

TVL is currently $736K with no reported change in the past seven days. The primary risk here is smart-contract exposure, given that this pool involves a single asset and does not carry impermanent loss or depeg risks typical for multi-asset pools or stablecoin liquidity.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Yield variability

  Current APY is 12.17%; 30-day mean is 12.15%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 61% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.