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Bifrost launches a $3 million multi-chain liquidity incentive to promote Polkadot Decentralized Finance into the multi-chain ecosystem.
According to Deep Tide TechFlow, on July 24, in order to open asset channels between Polkadot and mainstream multi-chain ecosystems, the vDOT/ETH and vDOT/BNB liquidity pools will officially launch on Uniswap V4 on July 25, along with a 12-month liquidity incentive program totaling 795,000 DOT. This integration provides a stable and sustainable liquidity entry for DOT in the Ethereum ecosystem, expanding its practical availability in mainstream Decentralized Finance networks.
As part of the DeFi Singularity program, the first round of incentives is now available on Arbitrum, Base, BNB Chain, and the Ethereum mainnet, with liquidity rewards simultaneously launched around the vDOT/ETH and DOT/ETH liquidity pools. Users can participate in liquidity provision through Uniswap V4 and receive incentives in real-time on the Merkl platform.
vDOT is a DOT liquidity staking token launched by Bifrost, which has accumulated a total locked value (TVL) of over 74,000,000 USD. It is widely used in governance, lending, DEX, and other scenarios. This round of incentives is seen as an important step to promote vDOT as a multi-chain yield-bearing asset, and it also brings higher liquidity and DeFi integration potential for DOT.