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Moonbeam, the leading platform for multi-chain applications on Polkadot, has recently incorporated the DOT token into its DeFi ecosystem. This marks the first integration of XCM on Moonbeam. By becoming an XC-20 token, xcDOT is now compatible with the widely-used ERC-20 standards on Moonbeam. As a result, DOT holders can now deposit their tokens on Moonbeam through the DApp and actively engage in activities like decentralized exchanges, liquid staking protocols, and lending and borrowing applications. This development became possible with the introduction of XCM on Polkadot, which enables cross-chain capabilities for all parachains.
Issue Time
1970/01/01
Initial Price
US $ 4.23895071
Circulation/Max
0/
Dominance
0.00%
ROI --%
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