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End at 18:00, May 25 (UTC)
On April 29th, HydraDX Treasury approved a significant proposal to cross-chain approximately $7 million worth of DOT from HydraDX Treasury to Bifrost for liquidity staking. Subsequently, DOT LST will generate revenue for HydraDX Treasury.
The on-chain proposal vote has been passed and successfully executed, marking the decentralization and cross-chain composability of Polkadot's Appchains. Currently, Bifrost is the largest liquidity staking Appchain on Polkadot, providing liquidity staking with a minting scale of 9.65 million DOT and a market cap of approximately 66 million.