On October 24, 2023, Polkadot’s first round of Crowdloan parachain auction was held to unlock DOT. According to on-chain statistics, most addresses chose to pledge after receiving unlocked DOT, and liquidity staking is the main staking method popular among users. According to observations, Polkadot The minting volume of the ecological full-chain liquidity staking protocol Bifrost vDOT has increased significantly, with a single-day increase of more than 46%, and the total minting volume has exceeded 2.2 million.
It is reported that the annualized return rate of Bifrost vDOT staking is currently as high as 50%, and it can also be crossed into parallel chains such as Moonbeam, Astar, and Interlay to participate in applications such as liquidity mining, lending, and BTC bridge collateral to obtain derivative income.