How to Buy Voucher DOT Crypto (VDOT)

What is Voucher DOT (VDOT)?

According to Coingecko, Voucher DOT is : vDOT (voucher DOT) is a liquid staking derivative (LSD) of staked DOT, with fully underlying DOT reserve and yield-bearing feature of DOT staking reward. Users can deposit DOT into Bifrost SLP protocol and get vDOT as return, vDOT can be traded in the open market or be redeemed back to DOT. Holding vDOT equals to holding the DOT staking position, staking rewards appriciate the exchange price of vDOT. Why vDOT? 1. Liquid Staking The product allows users to stake DOT for liquid vToken, (vDOT). vDOT will keep receiving staking rewards and can continue to be used in Bifrost and Polkadot-based DeFi for additional rewards. 2. Automatically Staking rewards capturing without scenario limitations SLP will issue Staking rewards to vDOT by adjusting the price of vDOT / DOT upwards. vDOT Rate = SLP Staking DOT (SUM) / vDOT Total Issuance. 3. Floating redemption period, vDOT redemption ≤ 28 days While Polkadot’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption. 4. Higher Staking Yield In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes. 5. Multi-environment Compatibility vDOT is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.

Where can I buy VDOT Crypto?

The best website to buy Voucher DOT is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Voucher DOT on Simpleswap

To buy Voucher DOT on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select VDOT, just like in this example:

Once you selected the currency you want to pay in, and VDOT, you need to paste your respective wallet address where you want to receive your VDOT.

With Simpleswap, you'll receive your Voucher DOT directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.