How to Boost your Polkadot Crowdloan Earnings with Ethereum DeFi

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Nov 11 · 3 min read

On November 11, the first parachain slot auctions will take place for the Polkadot network, where an initial round of projects will compete for space to operate on one of the highly coveted Polkadot parachains. The competing projects will raise as much funding as they can to secure their space before bidding ends the following week, on November 18.

Parachain Liquid Bonding With Ankr = More Earning Opportunities On Ethereum

Ankr’s Parachain launchpad is the best way to make the most of parachain slot auctions by allowing you to bring the value of your staked DOT to Ethereum DeFi platforms.

  1. Make Your Crowdloan Earnings Available on Ethereum

Since Ankr’s Parachain Liquid Bonding uses Ethereum as a settlement layer, you are able to earn more rewards on Ethereum-based DeFi platforms. The first step is contributing DOT to the Polkadot project of your choice and receiving aDOTp tokens in return once crowdloan winners are announced.

The aDOTp tokens are ERC-20 tokens that enable you to easily transfer the value of your DOT to the Ethereum network — just contribute DOT and receive aDOTp tokens on a 1:1 basis.

Ankr’s aDOTp tokens currently include:


aDOTp — GLMR (Moonbeam rewards)
aDOTp — ACA (Acala rewards)
aDOTp — CLV (Clover rewards)

You will need to connect your Polkadot wallet (Polkadot.js) in order to contribute DOT, and connect an Ethereum wallet to claim your aDOTp. Creating liquid bonding tokens with Ethereum creates more accessibility for Polkadot in DeFi. Currently, DOT is only available to purchase through centralized exchanges or decentralized exchanges on the Binance Smart Chain (e.g., PancakeSwap).

2. Utilize DeFi Earning Strategies on Ethereum-Based Platforms

You will have the opportunity to collateralize your aDOTp tokens on OnX Finance and borrow DOT, which can be used to free up liquidity to earn in more places, or to buy more aDOTp on Bounce Finance. This can be a highly profitable strategy to leverage your rewards.

3. Earn ANKR Tokens

To celebrate the launch of the first three Polkadot Parachain crowdloan campaigns on StakeFi, Ankr has committed a total of 12,000,000 ANKR (our ERC-20 token) to distribute to all participants of winning projects!

On the Ankr StakeFi Parachain launchpad, users can now contribute their DOT to the following projects, and earn a share in the ANKR reward pool of the supported projects.

Acala; 1,000,000 ANKR rewards
Moonbeam; 1,000,000 ANKR rewards
Clover; 10,000,000 ANKR rewards

The ANKR rewards will be distributed only if the supported project wins a parachain slot, and users will receive them to their wallets after the winners are announced.

How To Get Started

Before you start, make sure to have a Polkadot.js wallet (with some DOT), and Metamask installed.

To participate in Parachain Liquid Bonding with Ankr, go to the launchpad and select Polkadot to see all projects in the first batch of slot auctions. Then:

  • Head to the Parachain Launchpad on Ankr StakeFi.

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