As a leading liquid staking appchain, Bifrost has partnered with the next-gen interoperability coprocessor Hyperbridge to successfully deploy vDOT (Polkadot’s largest Liquid Staking Token) and BNC (Bifrost’s native token) across Optimism, Arbitrum, Base, and BNB Chain!
➡️ Bridge your vDOT or BNC to Arbitrum, Optimism, Base and BNB Chain on Bifrost Dapp
With new public chains emerging, a multi-chain landscape is on the way. This has driven technical innovations in public chains, but it has also led to liquidity fragmentation and complex user experiences.
Bifrost’s SLPx, a omnichain liquid staking techstack, is the solution to this challenge. SLPx simplifies multi-chain liquid staking by consolidating liquidity onto a single chain—eliminating the need to bootstrap liquidity across multiple ecosystems, reducing transaction fees, and improving efficiency.
Previously, Bifrost implemented a limited "chain abstraction" within the Polkadot ecosystem. With the integration of Hyperbridge, vDOT and vBNC can now seamlessly operate on BSC, Base, Arbitrum, and Optimism, allowing them to be traded and participate in DeFi yield opportunities.
The seed liquidity pools for BNC and vDOT have been successfully deployed across these networks, and users can start swap at any time! The details are as follows:
Besides, the contract addresses of registered vToken on Layer2 networks are as follows:
Want to transfer vDOT to another network? Follow these steps:
Open the Bifrost Dapp, connect your wallet, and navigate to the Cross-Chain page;
Select the target network, token, and amount you want to transfer, click "Confirm," and pay the gas fees;
💡 Tips
On February 13th, Bifrost and Hyperbridge jointly launched a new liquidity incentive proposal, requesting 795,000 DOT from the Polkadot treasury to support a 12-month liquidity incentive program. The initiative aims to introduce DOT and vDOT into high-traffic ecosystems such as Ethereum, Base, and Arbitrum.
All funds from the proposal will be used to support DeFi, lending, liquidity, and other multi-chain financial innovations involving DOT and vDOT, and to attract users and developers to the Polkadot network!
This proposal marks an important step toward a broader Polkadot ecosystem. We invite everyone to discuss the proposal and provide feedback here: Polkadot DeFi Singularity
