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The Indy 500 brought Polkadot and IndyCar racing together for a blockbuster event with 13M+ TV viewers. And the ride doesn't end there. 🏁 https://t.co/gWOnhvnFqE In this piece, @Cointelegraph details how this pioneering sponsorship came via OpenGov, @ConorDaly22's racing heritage, and more.
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1 DOT = 1 Vote
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https://x.com/i/spaces/1PlKQDpMZjBxE
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🔦 ✨ Spotlight on: Hydration 💦 @hydration_net streamlines DeFi with a community-driven approach to enhance user experience, efficiency & security. The mission? Simplify & optimize DeFi. It starts w/ addressing current DEX & AMM limitations. Dive into Hydration, the Future of DeFi👇 The Evolution of DEXes and AMMs Traditional DEXes used order book matching systems, which are slow and often illiquid on decentralized platforms. Automated Market Makers (AMMs) like Uniswap introduced liquidity pools, but many still face issues such as slippage. Hydration's Omnipool Solution Omnipool combines all assets in a single pool, eliminating liquidity fragmentation and enhancing efficiency. This innovative AMM allows for single-sided liquidity provisioning, enabling users to add assets without needing a pair. 🔑 Omnipool's Key Features 🔹 Transaction Fees: Payable in any currency, not just HDX. 🔹 Automated Dollar Cost Averaging (DCA): Simplifies regular asset purchases without market timing. 🏛️ Empowering DAOs and Treasury Management Hydration currently supports over 15 projects and DAOs, including Polkadot’s Treasury, by providing a cost-efficient and permissionless platform. The protocol allows DAOs to manage their Treasuries in a decentralized, non-custodial manner, using on-chain governance and cross-chain communication (XCM). 🗳️ Hydration's On-Chain Governance Hydration's native token is HDX, it grants governance access and redistributes revenue streams to incentivize positive actions. 🔹 Democratic Decision-Making: Every decision within the Hydration Protocol is made democratically. 🔹 Transparency: Transparent processes ensure that the community has a significant say in shaping the future of Hydration. 🔐 Security and Future Enhancements Hydration ensures robust security with multiple audits, a bug bounty program, liquidity caps, protocol fees, and circuit breakers. Hydration's Incentive Program The Polkadot DAO recently voted to fuel the Hydration Liquidity Protocol with 2M DOT. Learn more about the program and how you can get involved 👇
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