Bifrost - Omnichain LST
Bifrost - Omnichain LST
DOT-0.06%
🎉 $vDOT has surpassed 15,000,000 minted DOT! As more users migrate from native staking to liquid staking, vDOT is becoming the go-to staking solution for the @Polkadot community.
1/ Some users are unsure where to view their staking rewards when staking DOT via wallets. With vDOT, there’s no separate “reward” to track — because each vDOT already reflects your principal + accumulated yield. As staking rewards accrue, the DOT you can redeem per vDOT increases. ➡️ Just enter an amount to unstake — and you’ll see your DOT has grown.
2/ vDOT is powered by Bifrost’s fully non-custodial, decentralized protocol. That means: 🔸 Your assets are always under your control 🔸 All actions are executed on-chain via smart contracts 🔸 No middlemen, no manual intervention, no third-party risk Even if Bifrost ceased to exist, your assets stay safe — because code, not people, holds the keys.
Gallery 1
3/ Staked your #DOT as vDOT? You still keep full Polkadot governance rights. With the Bifrost Dapp, you can: 🔹 View and vote on OpenGov proposals 🔹 Choose conviction and vote Aye/Nay/Abstain 🔹 Lock vDOT to vote, then unlock after the period ends Yield + governance — no trade-offs.
Gallery 1
Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.