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vDOT

5 Posts
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DeFi
Dodow
Dodow·June 1, 2024

Swing to the end of the Month

If you haven't had chance to keep up with Pendulum, then check out their end of month report. With native USDC and vDOT now supported, along with integrations such as Soroswap and Subscan, the month has been pretty busy.

3
Channel opening PENding!
OpenGov
Dodow
Dodow·May 23, 2024

Channel opening PENding!

Pendulum referendum to accept HRMP with Bifrost. The plan is to use vDOT as collateral for the Spacewalk bridge.

3
Official statement on vDOT incident
DeFi
Dodow
Dodow·May 20, 2024

Official statement on vDOT incident

Bifrost put out an official statement to reassure users. - Incident was caused as a result of a user losing private keys. - A large amount vDOT was swapped out causing a slippage and price impact. - The depeg from the impact gave way to arbitrage opportunities. - Operations now smooth as the swap pool has now stabilized. - Bifrost's SLP is decentralised and is working as it should. Unfortunately the upper limit of unstaking vDOT was tested. - Underlying staked DOT is safe - Bifrost are trying to help the affected user.

3
logoDeFi
DeFi
Dodow
Dodow·May 18, 2024

vDOT situation!

There's not much formal communications about the vDOT situation. News from the Bifrost server suggests that there was a hack of a user's wallet, and that the protocol is safe. However, there is a short term arbitrage that has caused delay on redeeming vDOT for DOT.

3
logoDeFi
DeFi
Dodow
Dodow·April 25, 2024

Bifrost Phase 2 of path to Tokenomics 2.0

The reward fee for vDOT is going up from 1% to 5%. Sustainability is key, as this will be a source of protocol revenue.

3

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