Introducing the DOT Unbonding Subsidy Program!

Hey, Polkadot Community,

We’re excited to announce a new subsidy program for users unbonding DOT from nomination pools and classic staking!

With the recent reduction of the DOT inflation rate from 10% to 8%, a wave of DOT is being unlocked. We want to help maximize the benefits of unbonded $DOT during this transition!

By participating in our program, you can enjoy a remarkable potential cumulated return of up to 38.3% through the following triple rewards:

1️⃣ vDOT Base staking rewards (7d): 13.57%
2️⃣ vDOT on Hydration Liquid Boost: 13.79%
3️⃣ vDOT 28-Day Staking Reward subsidy: 11%

This is an incredible chance to significantly boost your earnings 💪. Don’t miss out on this opportunity—join us and start maximizing your rewards!

Subsidy Program Rules

Subsidy Period: From November 19, 2024 (when Polkadot's inflation reduction starts) to December 31, 2024.
Eligibility: If you unbond DOT from nomination pools or classic staking during the program period, you qualify for the subsidy! You just need to mint $vDOT (not swapping) once your DOT are unbonded, minting vDOT in January will qualify.
How It Works: Unbond DOT from classic staking or nomination pools AND liquid stake (mint) it as $vDOT on Bifrost. We’ll fully subsidize the staking rewards lost during the 28-day unbonding period!
Settlement: This subsidy reward will be settled in DOT.
The final interpretation rights of the subsidy program belong to Bifrost.

Rewards Snapshot

After the subsidy program ends, we will take a snapshot of the vDOT balances on DOT unbonding addresses 30 days later.
Subsidy will be distributed based on the vDOT growth from the first vDOT holding snapshot on Nov 19th UTC.
The missed staking rewards accrued during the 28-day unbonding period will be distributed as a one-time payout.
The subsidy will be distributed as a one-time payout following the vDOT holdings snapshot on January 31, 2025.

Welcome Unbonded DOT to Bifrost! 🌈

We encourage users unbonding their DOT to bring it to Bifrost for liquid staking! Enjoy the benefits of staking while maintaining liquidity. Let’s make the most of this opportunity together!

In addition to the subsidy program, participating in the Bifrost Liquid Wave campaign can also bring additional rewards. Minting vDOT will allow you to earn WAVE points, which can be used to share in the $BNC prize pool.

👉 Join it now: https://wave.bifrost.io/parachain

Stay tuned for more updates and happy liquid staking!

💧Liquid stake your DOT on Bifrost!