VDOT

VDOT Voucher DOT

Price of 1 Voucher DOT today (29 March)

$ 6.24

-7.09%

Price of Voucher DOT (VDOT)

Market Cap

‒

#9427

Trading Volume, 24h

$ 189.2K

+0.02%

Dominance

In circulation VDOT

‒

Price Min/Max

24 hrs

$ 5.42

$ 7.39

30 days

$ 5.4

$ 7.53

1 year

$ 5.11

$ 15.37

VDOT Sectors:

Voucher DOT does not belong to any sector.

Exchanges where VDOT is traded

	Exchange	Pair	Price	Volume, 24h
1	Hydration	VDOT/USDC	$ 6.25 USDC 6.2440	$ 50,550	Go
2	Hydration	VDOT/WETH	$ 6.28 WETH 0.0033	$ 21,267	Go
3	Hydration	VDOT/GLMR	$ 6.18 GLMR 79.83	$ 1,774	Go
4	Hydration	VDOT/WBTC	$ 6.68 WBTC 0.0001	$ 692	Go

Show All ➙

Today Voucher DOT (VDOT) only traded on HydraDX. The maximum trading volume is observed for the trading pair VDOT/USDC and reaches 50.6 ths. dollars (68% of the total volume across all exchanges). During the week, the minimum price for Voucher DOT (VDOT) is fixed on Friday at 6.24 dollars. Currently, the token Voucher DOT is trading in the range of 6.24 dollars or 530.16 rubles for 1 VDOT.

Calculator VDOT

VDOT

USDT

1 VDOT = 6.24 USD

Full version

What is Voucher DOT?

vDOT (voucher DOT) is a liquid staking derivative (LSD) of staked DOT, with fully underlying DOT reserve and yield-bearing feature of DOT staking reward. Users can deposit DOT into Bifrost SLP protocol and get vDOT as return, vDOT can be traded in the open market or be redeemed back to DOT. Holding vDOT equals to holding the DOT staking position, staking rewards appriciate the exchange price of vDOT.

Why vDOT?
1. Liquid Staking
The product allows users to stake DOT for liquid vToken, (vDOT). vDOT will keep receiving staking rewards and can continue to be used in Bifrost and Polkadot-based DeFi for additional rewards.
2. Automatically Staking rewards capturing without scenario limitations
SLP will issue Staking rewards to vDOT by adjusting the price of vDOT / DOT upwards. vDOT Rate = SLP Staking DOT (SUM) / vDOT Total Issuance.
3. Floating redemption period, vDOT redemption ≤ 28 days
While Polkadot’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption.
4. Higher Staking Yield
In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes.
5. Multi-environment Compatibility
vDOT is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.