Hydration
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POLKADOT’S DEFI LEADER HYDRATION SECURES $14.4 MILLION IN DOT TOKENS TO BOOST LIQUIDITY
#Polkadot #DOT_UPDATE #Hydration #HDX $DOT
Polkadot’s top DeFi project, Hydration, has received 2 million DOT tokens ($14.4 million) from the Polkadot treasury to boost liquidity and trading efficiency on its Omnipool platform.
Token Allocation and Use
Half of the 2 million DOT will attract new liquidity over the next year, offering Liquidity Providers (LPs) initial rewards exceeding 200% APY. The single-sided LP design allows users to earn by providing just one asset, incentivizing various assets like stablecoins, DOT, BTC, and more.
The remaining 1 million DOT will be directly injected into the Hydration Omnipool, enhancing the native liquidity layer for the broader Polkadot 2.0 ecosystem. This is in addition to the existing pool of over 690k DOT and 560k vDOT.
Strategic Importance
Hydration co-founder Jakub Gregus said, “This generous allocation from the Polkadot treasury is pivotal for Hydration. It enhances our liquidity depth, crucial for our growth and the entire Polkadot ecosystem.”
Gregus added, “The Hydration Omnipool offers unparalleled efficiency in trading crypto-assets. This support highlights the impact of our forward-looking approach.”
Future Prospects
Managed in a decentralized, non-custodial manner, the funding will drive significant advancements in liquidity provision within the Polkadot ecosystem, setting new standards for liquidity solutions in the blockchain network.
POLKADOT’S DEFI LEADER HYDRATION SECURES $14.4 MILLION IN DOT TOKENS TO BOOST LIQUIDITY
#Polkadot #DOT_UPDATE #Hydration #HDX $DOT
Polkadot’s top DeFi project, Hydration, has received 2 million DOT tokens ($14.4 million) from the Polkadot treasury to boost liquidity and trading efficiency on its Omnipool platform.
Token Allocation and Use
Half of the 2 million DOT will attract new liquidity over the next year, offering Liquidity Providers (LPs) initial rewards exceeding 200% APY. The single-sided LP design allows users to earn by providing just one asset, incentivizing various assets like stablecoins, DOT, BTC, and more.
The remaining 1 million DOT will be directly injected into the Hydration Omnipool, enhancing the native liquidity layer for the broader Polkadot 2.0 ecosystem. This is in addition to the existing pool of over 690k DOT and 560k vDOT.
Strategic Importance
Hydration co-founder Jakub Gregus said, “This generous allocation from the Polkadot treasury is pivotal for Hydration. It enhances our liquidity depth, crucial for our growth and the entire Polkadot ecosystem.”
Gregus added, “The Hydration Omnipool offers unparalleled efficiency in trading crypto-assets. This support highlights the impact of our forward-looking approach.”
Future Prospects
Managed in a decentralized, non-custodial manner, the funding will drive significant advancements in liquidity provision within the Polkadot ecosystem, setting new standards for liquidity solutions in the blockchain network.
