vDOT listed as collateral asset on Hydration Money Market, reaching $2.2M supply cap quickly.

From Investing.com

January 10, 2025 4:00 am:

Bifrost listed vDOT as a collateral asset on Hydration Money Market, reaching the supply cap of 220K and surpassing $2.2 million in Total Value Locked within 15 hours. This integration unlocks new DeFi strategies for Polkadot participants, allowing for borrowing against staked tokens without sacrificing liquidity.

vDOT, a liquid staking token by Bifrost, represents staked DOT on Polkadot and accrues rewards, boasting a total locked value of over $50 million. Bifrost aims to empower users across blockchains to earn staking rewards and DeFi yields with flexibility, liquidity, and high security through decentralized cross-chain interoperability.

For more information, visit app.bifrost.io or follow Bifrost on X to explore the opportunities and synergies unlocked by vDOT in the Polkadot DeFi ecosystem.

Read more at Investing.com: Polkadot‘s Largest LST – vDOT, Reached $2.2M Supply Cap on Hydration MM within 15 Hours By Chainwire