HydraDX Treasury provides $7 million in DOT liquidity staking for Bifrost
On April 29, the HydraDX Treasury passed an important proposal to transfer about $7 million worth of DOT from the HydraDX Treasury to Bifrost for liquidity staking, and subsequently use DOT LST to generate income for the HydraDX Treasury. The on-chain proposal was voted through and successfully executed, marking the decentralized governance and cross-chain composability of the Polkadot ecosystem Appchain. Currently, Bifrost is the largest liquidity staking Appchain on Polkadot, providing Polkadot with a liquidity staking scale of 9.65 million DOTs, with a market value of about 66 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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