Velocity announnces that it has begun working with Ramp to build a fiat on-ramp to the Polkadot Asset Hub.
This is just the start of Velocity's plans to improve the UX and DevX of Asset Hub and bring more Defi accessibility to Polkadot.
Due to a very large DOT withdrawal on Hydration, GDOT prices and DOT lending rates experienced some volatility this week. Referendum 219, now passed, aimed to reduce DOT lending rates by adjusting the Reserve Factor to 10% and Optimal Usage to 85%.
Bifrost has initiated Polkadot Wish for Change Referendum 1778 to explore the idea of diversifying the treasury into revenue-generating parachain tokens such as bbBNC and HDX.
