VDOT, the largest liquid staking token on Polkadot, rapidly reached its supply cap of 220,000 only hours post-launch on the Hydration Money Market. With over 2.2 million USD in total value locked, this milestone highlights the strong leveraging demand of users seeking to maximize returns on their DOT investments.
Bifrost’s introduction of vDOT enables new DeFi strategies by using vDOT as collateral to borrow additional DOT. This setup allows users to earn dual yields while maintaining liquidity. Such strategic synergies are driving further adoption, showcasing the efficiency of DeFi composability in the Polkadot ecosystem, with vDOT at its core.