vKSM (voucher KSM) is a shadow token of staked KSM, with fully underlying KSM reserve and yield-bearing feature of KSM staking reward. It is issued by SLP (Staking Liquid Protocol) - the in-house Bifrost decentralized protocol. Users can deposit KSM into Bifrost SLP protocol and get vKSM as return, vKSM can be traded in the open market or be redeemed back to KSM. Holding vKSM equals to holding the KSM staking position and autocompounding, thus staking rewards appreciate the minting price of vKSM.
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