Hyperbridge Becomes Polkadot’s Native Bridge as DAO Backs DeFi Singularity Proposal
New initiative aims to improve DOT liquidity and accessibility across multiple ecosystems
The Polkadot DAO has officially approved the Polkadot DeFi Singularity initiative, a landmark proposal designed to expand the accessibility of DOT and its derivatives across the multichain. With overwhelming community support, this initiative will enhance liquidity and interoperability, making it easier for developers and users to engage with Polkadot’s DeFi ecosystem.
As part of this decision, the DAO has selected Hyperbridge as its native bridge, reinforcing its commitment to seamless cross-chain connectivity. The proposal, which is a joint effort by Hyperbridge and Bifrost, seeks to address Polkadot’s liquidity challenges by incentivising DOT liquidity in external ecosystems. Historically, limited on-chain accessibility has restricted external users and liquidity from entering Polkadot efficiently, slowing its expansion relative to other blockchain networks.
To counter this, the DAO has allocated 795,000 DOT from the Polkadot Treasury to launch a liquidity campaign. The campaign will distribute vDOT incentives to liquidity providers on key decentralised exchanges, focusing on DOT/ETH and vDOT/ETH pairs across Arbitrum, Base, BNB Chain, and Ethereum mainnet. By broadening DOT’s presence in these ecosystems, the initiative aims to position DOT as a reserve asset, attract greater liquidity, and showcase Polkadot’s interoperability across Web3.
Seun Lanlege, Co-founder of Hyperbridge shared, “This proposal lays the necessary groundwork for the $DOT asset to find greater utility in the multichain as well as the pathways for new users and developers into the Polkadot ecosystem.”
This approval marks a strategic step forward in Polkadot’s vision for a more interconnected and liquid ecosystem. With the Polkadot DeFi Singularity now set in motion, the stage is set for greater adoption, developer participation, and user engagement within the Polkadot network.