Voucher DOT

VDOT Price

What is Voucher DOT about?

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

What makes Voucher DOT unique?

Why vDOT? 1. Liquid Staking: The product allows users to stake DOT for a liquid vToken (vDOT), which continues to receive staking rewards and can be used in Bifrost and Polkadot-based DeFi for additional rewards. 2. Automatically capturing staking rewards without scenario limitations: The SLP will issue staking rewards to vDOT by adjusting the price of vDOT/DOT upwards, with the vDOT rate determined by the total staked DOT and total vDOT issuance. 3. Floating redemption period, with vDOT redemption ≤ 28 days: Bifrost SLP enables early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer, potentially achieving second-level redemption. 4. Higher Staking Yield: The SLP protocol screens verified nodes through governance, maximizing returns while ensuring node reliability. 5. Multi-environment Compatibility: As a Substrate asset in the Bifrost parachain, vDOT can be utilized in EVM, WASM, and Substrate-compatible parachains via HRMP channels.

What can Voucher DOT be used for?

vDOT can be traded in the open market or redeemed back to DOT. Holding vDOT is equivalent to holding a DOT staking position, with staking rewards appreciating the exchange price of vDOT. vDOT continues to receive staking rewards and can be used in Bifrost and Polkadot-based DeFi for additional rewards.

Where can you buy Voucher DOT?

VDOT tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Voucher DOT is Hydration, where the most active trading pair DOT/VDOT has a trading volume of $128,480.66 in the last 24 hours.

What is the daily trading volume of Voucher DOT (VDOT)?

The trading volume of Voucher DOT (VDOT) is $128,807.95 in the last 24 hours, representing a 568.70% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Voucher DOT (VDOT)?

Voucher DOT (VDOT) reached an all-time high of $15.37 and an all-time low of $0.6808. It’s now trading -86.90% below that peak and 196.30% above its lowest price.

How does the price performance of Voucher DOT compare against its peers?

With a price increase of 7.20% in the last 7 days, Voucher DOT (VDOT) is outperforming the global cryptocurrency market which is up 1.60%, while outperforming when compared to similar Liquid Staking cryptocurrencies which are up 5.70%.