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Voucher KSM VKSM

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1. Summary

Ranks

Liquidity
-
Developer
80
Social
90
Momentum (beta)
0
Stack Rankā„¢
-
Price
$32.21 -1.9%
Market Cap
$0.00 (#6224)
Supply
0.00 /
Tags
Price
52W High price $78.47
52W High date 14th Mar 2024 (4 months ago)
All Time High (ATH) Date 14th Mar 2024 (4 months ago)
ATH Price $81.38
% From ATH -53.07%
All Time Low (ATL) Date 12th Apr 2024 (3 months ago)
ATL Price $19.97
% From ATL 91.28%
Supply & Trading Volume
Trading Volume (24h) $3,323.00
Description

vKSM (Voucher KSM) is a liquid staking derivative (LSD) of staked KSM, backed by a fully underlying KSM reserve. It offers yield-bearing features through KSM staking rewards. Users can deposit KSM into Bifrost SLP protocol to obtain vKSM and can then trade it in the open market or redeem it back to KSM. Holding vKSM is equivalent to holding a KSM s...

vKSM (Voucher KSM) is a liquid staking derivative (LSD) of staked KSM, backed by a fully underlying KSM reserve. It offers yield-bearing features through KSM staking rewards. Users can deposit KSM into Bifrost SLP protocol to obtain vKSM and can then trade it in the open market or redeem it back to KSM. Holding vKSM is equivalent to holding a KSM staking position, with staking rewards influencing the exchange price of vKSM.

Key Features

Liquid Staking

vKSM allows users to stake KSM for a liquid vToken, enabling continued use in Bifrost and Kusama-based DeFi for additional rewards.

Staking Rewards Capture

SLP issues staking rewards by adjusting the vKSM/KSM price upwards. The vKSM rate reflects the total SLP staking KSM sum divided by the total vKSM issuance.

Redemption Period

vKSM redemption is typically within 7 days. Bifrost SLP ensures early redemption by rea-time vKSM minting and redemption queueing at the protocol level.

Increased Staking Yield

The SLP protocol enhances staking yield by selecting and monitoring verified nodes through governance, ensuring none of the nodes have been slashed.

Multi-Environment Compatibility

vKSM is a Substrate asset in Bifrost parachain, easily utilizable in EVM, WASM, and Substrate-compatible parachains via HRMP channels.

2. Price

VKSM

2.1. Market Performance

How does Voucher KSM's (VKSM) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-33.6%

VKSM

147.6%

Similar Market Cap

60 Day Return

-46.7%

VKSM

376.7%

Similar Market Cap

3. Developer Activity

We're monitoring 94 Voucher KSM GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Voucher KSM Repos)

Commits vs. The Market

  • Past 4 weeks: 11 commits vs. an average of 1
  • Past 12 weeks: 137 commits vs. an average of 8
  • Past year: 1,768 commits vs. an average of 119

Most Active Repos

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Top Developers 2024

In total, 490 developers have contributed to Voucher KSM over the past year. Who are the most active Voucher KSM developers, by commits, over the past year?

Related Projects

Developers working on Voucher KSM also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 6,783
Twitter followers 732
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://bifrost.app/vstaking/vKSM
Twitter @BifrostFinance
Forum https://discord.gg/8DRBw2h5X4

Has Voucher KSM been audited for security?

No security audits found for this project.

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