vDOT, a Polkadot staking token, hit a cap and $2.2M in value within 15 hours of its market launch.

vDOT, Polkadot's largest liquid staking token, reached a cap of 220,000 and a TVL over $2.2 million within 15 hours of its listing on Hydration Money Market. This allows users to stake DOT, receive vDOT as collateral, and borrow additional DOT to maximize returns. Bifrost's vDOT, with a total locked value of over $50 million, enables staking rewards and enhances liquidity in the Polkadot ecosystem.

3 months ago
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