Polkadot

<p><em><strong>A one-year loan is anticipated to enhance the liquidity ecosystem of vDOT, which is Bifrost’s liquid staked version of DOT.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>As the new loan program gets underway, it opens up a host of opportunities for fans of liquid staking in both the Polkadot (DOT) and EVM ecosystems.</p><h3 id="bifrost-receives-500-000-dot-treasury-loan-from-polkadot">Bifrost Receives 500,000 DOT Treasury Loan from Polkadot</h3><p>Bifrost, a specialized liquid staking middleware, has announced the receipt of a 500,000 <a href="https://cryptosheadlines.com/polkadot-dot-price-outlook-amid-bitcoins-36k-resistance/" rel="noopener noreferrer nofollow">DOT treasury loan from Polkadot</a>. This one-year loan, approved following a successful Treasury proposal by the Bifrost Foundation in January, aims to enhance the growth of vDOT, Bifrost’s liquid staked version of DOT.</p><blockquote>Presenting Bifrost, the omni-chain liquid staking protocol secured by <a href="https://twitter.com/Polkadot?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">&#64;Polkadot</a>.Bifrost allows users access to the liquidity of their staked assets, facilitating the further utilization of these staked assets within <a href="https://twitter.com/hashtag/DeFi?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#DeFi</a>.Follow the <img src="https://academy-public.coinmarketcap.com/optimized-uploads/1a7daa5bbcb6489b86c195a0f474d910.svg&#43;xml" /> to learn more about Bifrost <a href="https://twitter.com/hashtag/LST?src&#61;hash&amp;ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">#LST</a>. <a href="https://t.co/mfWjCgwANq" rel="noopener noreferrer nofollow">pic.twitter.com/mfWjCgwANq</a>— Bifrost – Omnichain LST (&#64;BifrostFinance) <a href="https://twitter.com/BifrostFinance/status/1742221747179450790?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">January 2, 2024</a></blockquote><p>The loan is expected to accelerate the adoption, utilities, and use cases of vDOT across <a href="https://cryptosheadlines.com/paypals-dive-into-defi-ecosystem/" rel="noopener noreferrer nofollow">DeFi dApps within the Polkadot ecosystem</a>, including Substrate and EVM parachains.</p><p>Bifrost has committed to <a href="https://cryptosheadlines.com/blur-introduces-eth-loan-repayment-feature/" rel="noopener noreferrer nofollow">repaying the DOT liquidity loan</a> in full, along with the yield generated from the staking rewards it earns. This repayment model mirrors the successful precedent <a href="https://cryptosheadlines.com/fracton-protocol-sets-new-records-with-hibakc-launch-on-kucoin/" rel="noopener noreferrer nofollow">set by the protocol’s</a> previous two 50,000 KSM Treasury liquidity loans from Kusama.</p><p>The latest proposal made to Polkadot in January outlines that the minting of vDOT for the Polkadot Treasury signifies a strategic diversification approach. This approach allows the DOT capital to be put to productive use over a one-year period while ensuring the return of the 500,000 DOT principal with staking rewards.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><h3 id="bifrost-hits-milestone-with-500-000-dot-loan">Bifrost Hits Milestone with 500,000 DOT Loan</h3><p>The 500,000 DOT loan, valued at $3.9 million at the time of writing, signifies a significant achievement for Bifrost. With over 6.5 <a href="https://cryptosheadlines.com/floki-staking-program-draws-in-54-4-million-in-tokens/" rel="noopener noreferrer nofollow">million DOT tokens staked</a> on its platform, Bifrost has emerged as the leading liquid staking protocol in the Polkadot ecosystem.</p><p><a href="https://cryptosheadlines.com/skybridge-capital-founder-predicts-bitcoin-to-reach-170000-post-next-halving/" rel="noopener noreferrer nofollow">Also Read:   SkyBridge Capital Founder Predicts Bitcoin to Reach $170000 post Next Halving</a></p><p>Bifrost’s impact extends beyond Polkadot, encompassing multiple parachains such as Astar and Manta. Additionally, the platform has a presence outside the Polkadot ecosystem, having facilitated ETH staking for several years. Notably, Bifrost also <a href="https://cryptosheadlines.com/solanas-phantom-wallet-introduces-cross-chain-swapper-for-ethereum-liquidity/" rel="noopener noreferrer nofollow">introduced one of the earliest liquid</a> staking solutions for Filecoin (FIL) last year.</p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Bifrost Secures 500K DOT for Liquid Staking Boost

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