Polkadot Treasury Allocates $3.5 Million to Incentivize DOT and vDOT Liquidity Across Multiple Blockchains

BlockBeats News, March 18th, The Polkadot Treasury Proposal #1439 initiated by Bifrost and Hyperbridge was approved yesterday. The proposal aims to allocate 3.5 million US dollars (approximately 25 million RMB) to top DEX collaborations in the Ethereum, Arbitrum, Base, and BSC blockchain ecosystems for DOT and vDOT (DOT LST) liquidity provision. Developers can utilize this liquidity for cross-chain composability and application development around DOT/vDOT in the aforementioned blockchain ecosystems using Hyperbridge cross-chain and Bifrost SLPx SDK, and share the benefits, leveraging Polkadot's cross-chain interoperability.