Polkadex Partners with Bifrost for Enhanced Crowdloan Experience

Use Bifrost to contribute to the Polkadex Crowdloan and get liquid DOT and extra rewards on top of your PDEX rewards!

Bifrost Rewards for Polkadex Crowdloan contributors

Every Polkadexer who contributes to the Polkadex Crowdloan through Bifrost will receive the following rewards:

  • Base reward starting from 0.1875 PDEX per DOT. That’s just the base reward. The final PDEX base reward amount will most likely be higher since PDEX rewards are paid as a % of your contribution to the total DOT contributed.
  • 15 % Early Bird Bonus rewards for early-bird entries by 11:59pm CET on January 22nd
  • 5% Bonus rewards for all contributions from 11:59pm CET on January 22nd to 11:59pm CET on January 27th
  • An exclusive NFT for each of the top 1,000 contributors
  1. 0.04 BNC per DOT
  2. 1 vsDOT per every DOT
  3. 0.02 BNC per DOT referral bonus

Important

If you have 1 PDEX in your Polkadot.js account, you can contribute as much or as little DOT as you want without worrying about the existential deposit.

What is vsDOT?

Bifrost will allow Polkadex Crowdloan contributors to mint fully decentralized liquid derivative tokens (1 vsDOT : 1 DOT) based on the Kusama Parachain through the Slot Auction Liquidity Protocol (SALP). In other words, the vsDOT derivative token represents a Crowdloan contributor’s locked DOT position. After the parachain goes live, contributors will be able to claim vsDOT and start using it in different DeFi applications, including derivative farming, liquidity mining, swaps, and more. This also allows Polkadex Crowdloan contributors to keep their initial DOT contribution liquid at all times. Once the parachain lease comes to an end — 96 weeks after the parachain goes live — vsDOT holders can redeem vsDOT for DOT at a 1:1 ratio through Bifrost.

Full rewards breakdown and participation guide

For more details on how much PDEX you can get and how to participate in the Polkadex Crowdloan, check out the guide below:

About Bifrost

Bifrost is the Polkadot Ecological DeFi basic protocol, and is committed to becoming an infrastructure for pledged assets to provide liquidity. Bifrost launched derivatives vToken for Staking and Polkadot Parachain Slot (Crowdloan). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grant. It is also a member of the Substrate Builders Program and Web3 Bootcamp.

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