Subfrost is a decentralized finance platform built directly on Bitcoin through the Alkanes metaprotocol, enabling programmable Bitcoin assets, stablecoin liquidity pools, automated market maker (AMM) swaps, and vault strategies within a unified ecosystem. It introduces frBTC, a Bitcoin-backed token, and frUSD, a dollar-pegged stablecoin, to facilitate Bitcoin-native DeFi activities without leaving the Bitcoin blockchain.
The platform features two main reward systems: $FIRE incentives for liquidity providers in the DIESEL/frBTC pool via the FIRE Vault, and $FUEL farming through the PERMAFROST program, which converts frBTC/frUSD liquidity into cBTCUSD tokens farmable for $FUEL rewards. $FUEL serves as the governance and utility token, distributed in Season 1 through a farming airdrop campaign.
Participation involves creating a Bitcoin wallet compatible with Subfrost, providing liquidity to the specified pools, staking LP tokens in vaults, and optionally bonding LP or $FIRE tokens to increase rewards. The farming campaign starts at a specified Bitcoin block height, with rewards subject to vesting periods and multipliers based on lock durations and bonded amounts.
Subfrost emphasizes security by using a distributed signer system for BTC custody, though the signer identities are not fully public yet and the protocol has not undergone a complete formal audit. Users should carefully review official documentation and monitor updates before depositing funds.
All transactions and positions settle natively on Bitcoin Layer 1, ensuring transparency and trust-minimized custody without relying on centralized custodians or bridges. Official resources include the Subfrost app, documentation, and community channels. Users are advised to avoid sending Ordinals, Runes, or BRC-20 assets to Subfrost wallets to prevent loss.
This airdrop campaign offers an opportunity to engage with Bitcoin-native DeFi innovations while earning governance tokens, but participants should understand the protocol’s current stage and risks. Always verify official links and exercise caution with wallet security and fund transfers.
Step by step guide SUBFROST Airdrop
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1
Set up Subfrost and your Bitcoin wallet
Head to the official Subfrost app to access the PERMAFROST $FUEL farming campaign.
Create a new Bitcoin wallet with one of the wallet options shown in the interface, such as Subfrost, Oyl, OKX, UniSat or Xverse.
Save the recovery phrase securely offline, and use this wallet specifically for Subfrost, and do not send Ordinals, Runes or BRC-20 assets to it.
Important wallet warning: Subfrost explicitly warns that using a wallet containing Ordinals, Runes or BRC-20 assets will result in burning them because transactions may spend the Bitcoin UTXOs carrying those assets.
Transfer the $BTC you plan to use, and keep some BTC aside for Bitcoin network fees.
Before transferring funds: check Subfrost on DefiLlama for the latest TVL, and review the latest frBTC signer setup and audit information in the official documentation. Subfrost currently documents nine signers whose identities are not yet public, while its frBTC documentation states that the complete end-to-end protocol has not undergone a formal audit. These details can change, so verify the latest status before depositing.
Security history: In July 2026, an Alkanes indexer bug created phantom $DIESEL and allowed an attacker to obtain 82.3 frBTC in the corrupted indexed state. According to Subfrost’s official incident post-mortem, the signer layer rejected the attempted unwraps and no reserve BTC left the protocol. -
2
Earn $FIRE through the FIRE Vault
Provide $DIESEL/frBTC liquidity and deposit the LP into the FIRE Vault to earn $FIRE.
Swap for $DIESEL and frBTC, and add both to the DIESEL/frBTC pool to receive LP.
Deposit the LP into the FIRE Vault and choose a lock period. Reward weight ranges from 1× with no lock to 3× for a one-year lock. Longer locks increase reward weight but prevent withdrawal until the lock expires.
If you prefer FIRE Bonding, permanently transfer DIESEL/frBTC LP to the treasury in exchange for $FIRE at the displayed discount. The documented discount is 10% to market price, with $FIRE vesting over approximately 2,100 Bitcoin blocks, or 14 days. The discount can change, and the bonded LP is not returned.
If you already hold $FIRE, you can deposit it into the cFIRE vault. When a position exits, 8% remains for participants who stay, 1% of $FIRE is burned and 1% goes to the treasury.
$FIRE has a maximum supply of 2.1 million with no premine. Its emission model allocates 85% to staking and 15% to bonding, with halving every 105,000 Bitcoin blocks. -
3
Farm cBTCUSD, earn $FUEL
Head to the PERMAFROST Rewards section to provide frBTC/frUSD liquidity, put cBTCUSD into a Farm and earn $FUEL through the Season 1 farming airdrop campaign.
Season 1 Vault & Farm opens September 25, 2026 at 10:00 UTC, giving participants time to create a position before rewards begin at Bitcoin block 970,000. The exact reward start time depends on Bitcoin block production.
Provide frBTC/frUSD liquidity through PERMAFROST to receive LP tokens, then deposit the LP into the vault to receive cBTCUSD.
Put cBTCUSD into a Farm to start accumulating reward weight. The amount deposited and the number of Bitcoin blocks it remains in the Farm determine its share of $FUEL rewards.
For higher multiplier, permanently bond $FIRE worth up to 4% of the Farm value. The boost scales up to 1.5×, and the bonded $FIRE is transferred to the treasury and is not returned.
When exiting PERMAFROST, 5% of the LP is left behind for participants who stay. Earned $FUEL is also subject to a stated 180-day vesting period.
Early participant note: Before Season 1 starts, the Rewards page displays TVL, Points, farm counts, leaderboard positions and projected rewards marked EXAMPLE DATA. These figures show how the interface works and are not actual deposits, rankings or expected earnings.
$FUEL allocation: Season 1 currently displays “X%” of maximum $FUEL supply, meaning the percentage allocated to the campaign has not yet been published. Full $FUEL tokenomics also remain unpublished.
Looking for another Alkanes opportunity? DOHM is an independent Bitcoin reserve protocol using ecosystem assets including frBTC, $DIESEL and $FIRE. Our DOHM Airdrop guide covers its incentivized testnet, confirmed $DOHM airdrop and the requirement to participate in DOHM Bonding with the minimum amount to qualify for the airdrop.
Subfrost is a Bitcoin-native DeFi platform on Alkanes offering programmable Bitcoin assets, stablecoin liquidity, AMM swaps, and vault strategies with $FIRE and $FUEL token incentives.
You can also explore more active airdrops or check featured opportunities.
Questions about SUBFROST
Review the most important questions before joining this campaign, including safety, cost, difficulty, and participation details.
How do I participate in the Subfrost airdrop?
Create a Bitcoin wallet via the Subfrost app, provide liquidity to specified pools, stake LP tokens in vaults, and optionally bond tokens to increase rewards.
Which blockchain does Subfrost operate on?
Subfrost operates natively on Bitcoin using the Alkanes metaprotocol, without relying on sidechains or separate blockchains.
Is there a cost to participate?
Participation may require Bitcoin for liquidity provision and transaction fees; no guaranteed rewards are promised.
What wallets are supported for this campaign?
Supported wallets include Subfrost, Oyl, OKX, UniSat, and Xverse, as listed in the official Subfrost app interface.
Are there any safety considerations?
Avoid sending Ordinals, Runes, or BRC-20 assets to Subfrost wallets as they may be lost. Review official documentation and monitor protocol updates before depositing funds.
How can I join SUBFROST more safely?
Before connecting any wallet, verify official links, compare participation requirements, and review our crypto safety page to reduce phishing and wallet-related risks.
What to check before joining this new airdrop
If you are new to reward campaigns like SUBFROST, start with our airdrop participation guide to understand how participation, eligibility, and claiming usually work.
Fresh campaigns can look promising at first, so compare maturity, community signals, and reward clarity before joining.
To compare different reward styles and participation models, you can also explore DeFi airdrops, NFT reward campaigns, featured airdrops, and earn rewards campaigns across the market.
Before spending time on every task, compare reward conditions and participation rules, then use our wallet and rewards FAQ for practical guidance.
Before committing fully, it helps to latest airdrop opportunities and compare this listing with other active campaigns.
If trading is involved, evaluate volume requirements, fees, and reward ratios before participating.
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