About VDOT and DAI
Voucher DOT is falling, while Dai is climbing this week. The current VDOT to DAI conversion rate is 1.56. Inversely, this means that if you convert 1 DAI you will get 0.6418 VDOT. The conversion rate of VDOT/DAI has increased by 0.02% in the last hour (DAI/VDOT decreased by 0.02%). In the last 24 hours, VDOT/DAI shrunk by 1.53%, while DAI/VDOT grew by the same amount.
The exchange rate of Voucher DOT is decreasing. The current value of 1 VDOT is 1.56 DAI. In other words, to buy 5 Voucher DOT, it would cost you 7.79 DAI. Inversely, 1 DAI would allow you to trade for 0.6418 VDOT while 50 DAI would convert to 32.09 VDOT, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.45%. Meanwhile, in the last 24 hours, the rate has changed by 1.84%, which means that the highest exchange rate of 1 VDOT to DAI was 1.60 DAI and the lowest 24 hour value was 1 VDOT for 1.54 DAI. Last month, 1 VDOT was worth 2.03 DAI. Today, it's down 30.61%. Looking back a year, Voucher DOT has changed by 5.14 DAI. That means that in a single year, the value of Voucher DOT has shrank by 230.17%.
Voucher DOT Market Stats
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.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
VDOT to DAI values from Today at 5:44 am
0.5 VDOT = 0.779 DAI |
1 VDOT = 1.56 DAI |
5 VDOT = 7.79 DAI |
10 VDOT = 15.58 DAI |
50 VDOT = 77.90 DAI |
100 VDOT = 155.81 DAI |
500 VDOT = 779.04 DAI |
1,000 VDOT = 1,558.08 DAI |
DAI to VDOT values from Today at 5:42 am
0.5 DAI = 0.3209 VDOT |
1 DAI = 0.6418 VDOT |
5 DAI = 3.21 VDOT |
10 DAI = 6.42 VDOT |
50 DAI = 32.09 VDOT |
100 DAI = 64.18 VDOT |
500 DAI = 320.91 VDOT |
1,000 DAI = 641.82 VDOT |
VDOT to DAI over time
VDOT | Today | 24H -1.84% | 1M -30.61% | 1Y -230.17% |
|---|---|---|---|---|
0.5 VDOT | 0.779 DAI | 0.7934 DAI | 1.02 DAI | 2.57 DAI |
1 VDOT | 1.56 DAI | 1.59 DAI | 2.03 DAI | 5.14 DAI |
5 VDOT | 7.79 DAI | 7.93 DAI | 10.17 DAI | 25.72 DAI |
10 VDOT | 15.58 DAI | 15.87 DAI | 20.35 DAI | 51.44 DAI |
50 VDOT | 77.90 DAI | 79.34 DAI | 101.75 DAI | 257.21 DAI |
100 VDOT | 155.81 DAI | 158.67 DAI | 203.50 DAI | 514.43 DAI |
500 VDOT | 779.04 DAI | 793.37 DAI | 1,017.50 DAI | 2,572.14 DAI |
1,000 VDOT | 1,558.08 DAI | 1,586.74 DAI | 2,034.99 DAI | 5,144.28 DAI |
Frequently asked questions
Right now, 1 Voucher DOT is worth about $1.56.
Based on the current rate, you could get 0.6421 VDOT for 1 USD.
Voucher DOT price has been declining. Since yesterday, the exchange rate of Voucher DOT has decreased. Since last month, the exchange rate of Voucher DOT has decreased. Since this time last year, the price of Voucher DOT has decreased.
You can use our VDOT to USD calculator at the top of this page to convert any amount of VDOT to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 3.21 VDOT. Inversely, 5 VDOT will cost about $7.79
Voucher DOT can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Voucher DOT.
There are a number of crypto assets that have the a similar or comparable market cap to Voucher DOT, including Nitro Network, BnkToTheFuture, and Santiment Network Token. For a more robust list of assets to explore, jump to the asset page dedicated to Voucher DOT.
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