Hydro Protocol is the ultimate platform for staked assets.
Hydro is the first and only native Liquid Staking Derivatives (LSD) protocol on the Injective Network, and aims to bring a new level of optimization and utility across the Ecosystem.
Hydro is poised to become a prominent force in building the LSDfi landscape on Injective.
Liquid Staking Derivatives (LSD)
LSD is the primary product of Hydro Protocol. Users can stake INJ and mint hINJ tokens on a 1:1 basis to start earning staking rewards, and deploy hINJ onto 3rd Party Protocols
The Benefits of LSD with Hydro:
Remain liquid and maximize utilityEarn additional yield on LSDPost as standard collateral assets on Injective’s DeFi Protocol
Farming
Farming is a yield optimization product for your liquid assets (hINJ)
The Benefits of Farming with Hydro:
Stake your liquid hINJEarn additional yields on your staked hINJImmediate use of LSD
Auto-Compounding
Take advantage of an auto-compounding feature to maximize their staking yields and amplify their rewards with INJ assets.
The Benefits of Auto-Compounding with Hydro:
Convenience of automated re-investingConsistency in auto-compounding at standard intervalsNo transaction fees incurred
LSD Finance
LSDFi is the next generation of DeFi growth. Hydro will be at the centre of LSD utility on Injective by converging the many DeFi protocols in the Ecosystem.
Planned LSDFi Growth Strategies include:
INJ Real Yield AggregatorCollateral Asset
Roadmap
2023 Hydro 1.0
· LSD · Farming · Auto-Compound
TGE (Sep. 2023)CEX / DEX ListingExpand LSD Utility
2024 Hydro 2.0
Grow LSDFi on Injective
Yield AggregatorIncrease Adoption on 3rd-Party Protocols
So, I find Hydro Protocol to be a very promising project built on Injcetive.