Odaily Planet Daily News Cosmos announced the launch of the cross-chain auction platform Hydro. Hydro is a bidding and governance platform for efficiently deploying liquidity across the cross-chain ecosystem and is a core part of the "ATOM wars". Hydro draws on the "Curve wars" on Ethereum and applies a similar model to enhance governance and strategic liquidity provision. Hydro will enable Cosmos Hub and other projects to take advantage of other projects' demand for adding ATOM and other token liquidity to their systems. Hydro provides key functions such as token locking, voting rights, bidding rules, voting rules, and fund allocation rules. Native token holders lock their tokens on the platform in exchange for "Hydro locked tokens", which grant them influence over fund allocation decisions through a series of regular auctions. Projects compete for access to these funds through the governance power of hATOM holders (although Hydro may accept multiple native tokens to be locked in the future, the current focus is on ATOM/hATOM). This process operates as an auction market. Fund allocations to projects are temporary (similar to loans), promoting competition and ensuring that resources are allocated to multiple projects over time. Auctions are held regularly. In each auction round, participating projects detail their funding needs, proposed uses, and the amount they are willing to pay to support hATOM holders. At the end of each round, projects are ranked based on hATOM holder support and funds are allocated accordingly.