According to Techub News, the HydraDX Treasury passed an important proposal on April 29 to transfer DOT worth about $7 million from the HydraDX Treasury to Bifrost for liquidity staking, and subsequently use DOT LST to generate income for the HydraDX Treasury.

Currently, Bifrost is the largest liquidity staking Appchain on Polkadot, providing Polkadot with a liquidity staking scale of 9.65 million DOTs, with a market value of approximately $66 million.