[BS] #1538 - Bifrost DOT liquidity loan for vDOT liquidity for one year; repay in full with approximately 6% interest.
closed
Description

https://polkadot.subsquare.io/referenda/1538

Bifrost has proposed a liquidity loan to the Polkadot treasury, requesting a loan of 1,000,000 DOT (about $4,000,000) to be repaid with 6% interest. This loan aims to increase vDOT-DOT liquidity, support vDOT growth, and expand its use in DeFi applications within the Polkadot ecosystem. Bifrost has a good track record of repaying treasury loans with interest, having brought a total income of 8,370.5523 KSM to the Kusama Treasury. The loan will be used to mint vDOT, diversifying the Polkadot treasury's DOT capital and earning staking rewards. Bifrost is a liquid staking app-chain for all blockchains, allowing users to earn staking rewards and DeFi yields across multiple chains. The loan's success will be measured by tracking vDOT minting TVL, DOT-vDOT liquidity growth, unique address growth rate, and new vDOT ecosystem integrations.

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Information
Snapshot
Assets(1)
DOT
x1
Timestamp
Created
May 11 2025 15:33
Start date
May 11 2025 00:00
End date
Jun 10 2025 00:00
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