[BS] DOT #1538 - Bifrost DOT liquidity loan for vDOT liquidity for one year; repay in full with approximately 6% interest.
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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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#1
18d ago

🟢 7 • 🔴 0 • ⚪️ 0
Vote #1: AYE
No CoI reported. DV delegation exercised.
https://polkadot.subscan.io/extrinsic/25788465-2
https://polkadot.subsquare.io/referenda/1538#6

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Information
Snapshot
Timestamp
Created
Apr 24 2025 14:10
Start date
Apr 24 2025 00:00
End date
May 24 2025 00:00
Results
Voters
10
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Aye
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