{"id":6967,"date":"2025-01-10T09:17:13","date_gmt":"2025-01-10T09:17:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6967"},"modified":"2025-01-10T09:17:13","modified_gmt":"2025-01-10T09:17:13","slug":"polkadots-largest-lst-vdot-reached-2-2m-supply-cap-on-hydration-mm-within-15-hours","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6967","title":{"rendered":"Polkadot\u2018s Largest LST \u2013 vDOT, Reached $2.2M Supply Cap on Hydration MM within 15 Hours"},"content":{"rendered":"
\n

[PRESS RELEASE \u2013 Singapore, Singapore, January 10th, 2025]<\/strong><\/p>\n

Bifrost<\/a> has announced that vDOT, Polkadot\u2018s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed by DOT leveraging demand.<\/p>\n

The integration of vDOT into Money Market allows for new strategies for Polkadot\u2019s DeFi participants: By staking Polkadot (DOT), participants receive vDOT, which can be used as collateral to borrow additional DOT. This process allows for the possibility of repeating the cycle to explore strategies aimed at optimizing returns.<\/p>\n

With this introduction, Bifrost is unlocking the opportunities of what\u2019s possible in Polkadot DeFi, creating synergies and flywheels for the ecosystem. Users are offered the opportunity to earn dual yields, borrow against their staked tokens without sacrificing liquidity, and leverage their positions for higher yields. This synergy also enhances DOT market liquidity, drives user adoption, and exemplifies the DeFi composability of Polkadot ecosystem, making vDOT as a cornerstone asset within the Polkadot ecosystem.<\/p>\n

For more information, users can visit app.bifrost.io<\/a> or follow Bifrost<\/a> on X.<\/p>\n

About vDOT<\/strong><\/p>\n

Bifrost\u2019s vDOT<\/a>, short for \u201cvoucher DOT,\u201d is a reward-bearing liquid staking token (LST) issued by the Bifrost Staking Liquidity Protocol. vDOT represents staked DOT on the Polkadot Relay Chain and accrues staking rewards, reflected as an increase in its value rather than its quantity.<\/p>\n

As Polkadot\u2019s largest DOT LST, vDOT boasts a total locked value of over $50 Million, enabling users to maximize their capital efficiency while benefiting from staking rewards.<\/p>\n

About Bifrost<\/strong><\/p>\n

Bifrost<\/a> is a liquid staking appchain tailored for all blockchains, utilizing decentralized cross-chain interoperability to empower users to earn staking rewards and DeFi yields with flexibility, liquidity, and high security across multiple chains.<\/p>\n

The post Polkadot\u2018s Largest LST \u2013 vDOT, Reached $2.2M Supply Cap on Hydration MM within 15 Hours<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Singapore, Singapore, January 10th, 2025] Bifrost has announced that vDOT, Polkadot\u2018s largest liquid staking token (LST), has been listed as a collateral asset on Hydration Money Market. Within 15 hours of opening deposits and borrows, vDOT reached the supply cap of 220K and surpassed $2.2 million in Total Value Locked (TVL) pushed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6967","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6967"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6967\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}