menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Financial News

>

Polkadot’s...
source image

TechBullion

2d

read

133

img
dot

Image Credit: TechBullion

Polkadot’s Largest Liquid Staking Token (LST), vDOT, Reaches $2.2M Supply Cap in Record 15 Hours on Hydration Money Market

  • Bifrost's liquid staking token vDOT reached its $2.2 million supply cap in just 15 hours on the Hydration Money Market.
  • This achievement demonstrates the growing demand for DeFi strategies within the Polkadot ecosystem.
  • vDOT can be used as collateral to borrow additional Polkadot (DOT), enabling cyclical strategies for maximizing returns.
  • Bifrost's vDOT is the largest liquid staking token in the Polkadot ecosystem, offering staking rewards and liquidity.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app