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

목차

CryptosHeadlines.com

2024년 2월 23일에 게재된 다른 기사

DeFi on Bitcoin – Two Innovative Solutions That Make It A Real Thing

Bitcoin Surpasses $50,000 as Dogecoin and Solana Experience Price Movements

Analyst Predicts Brand New Altcoin Will ‘Do Pretty Well’, Updates Outlook on Bitcoin, Avalanche a...

LBank Labs Leads Investment Round in FortyTwo, Pioneering UX Frontend for Interchain DeFi

What is PEPE 2.0?: PEPE 2.0 Price Pumps by Almost 500% in One Month. Why the Price is Rising?

Traders Fair Singapore Returns for an Unforgettable Financial Event

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!