Hydra
HYDRA
#1118
Hydra is a token of the open-source Proof-of-Stake blockchain with a set of economic functions. It represents a unique combination of inflationary and deflationary mechanics that work in parallel and allow real implementation to determine its total supply.
News about Hydra
HydraHYDRA #1118
22 Dec 2022, 11:34
Hello everyone! A gentle reminder to update your nodes to 0.20.6 as soon as possible, very few days to go for the hard fork
Ideally we should not face any technical difficulties in doing so since we are already upgraded to 0.20.4 or 0.20.5, but in any case if you do face any trouble, please do let us know.
PS: All Superstaker's please confirm to me on DM that you have updated your Node after updating it
Hello everyone. A gentle reminder to update your nodes to 0. 6 as soon as possible, very few days to go for the hard fork.Hello everyone! A gentle reminder to update your nodes to 0.20.6 as soon as possible, very few days to go for the hard fork
Ideally we should not face any technical difficulties in doing so since we are already upgraded to 0.20.4 or 0.20.5, but in any case if you do face any trouble, please do let us know.
https://t.me/hydrachain/185378
PS: All Superstaker's please confirm to me on DM that you have updated your Node after updating it
HydraHYDRA #1118
22 Dec 2022, 09:59
For $HYDRA stakers running their own node: there's just over a week remaining before the hard fork. Make sure to upgrade to the latest node software before Dec 31! π
For $HYDRA stakers running their own node: there's just over a week remaining before the hard fork.For $HYDRA stakers running their own node: there's just over a week remaining before the hard fork. Make sure to upgrade to the latest node software before Dec 31! π
https://t.co/tgqAuhi0rF
HydraHYDRA #1118
22 Dec 2022, 00:19
RT @GoMeatToken: Spending this #holidayseason with #family, #friends, or all by yourself? π
#GoMeat has your back! Order meat, groceries,β¦
RT @GoMeatToken: Spending this #holidayseason with #family, #friends, or all by yourself. #GoMeat has your back.RT @GoMeatToken: Spending this #holidayseason with #family, #friends, or all by yourself? π
#GoMeat has your back! Order meat, groceries,β¦
HydraHYDRA #1118
20 Dec 2022, 10:41
RT @hydra_chain: What's the #Hydra Chain feature that you think puts it above other blockchains? Comment below πͺ
RT @hydra_chain: What's the #Hydra Chain feature that you think puts it above other blockchains. Comment below.RT @hydra_chain: What's the #Hydra Chain feature that you think puts it above other blockchains? Comment below πͺ
HydraHYDRA #1118
19 Dec 2022, 01:22
RT @GoMeatToken: #GoMeat at your service! π
We bring you the simplest checkout process with multiple payment options. Get up to $100 offβ¦
RT @GoMeatToken: #GoMeat at your service. We bring you the simplest checkout process with multiple payment options.RT @GoMeatToken: #GoMeat at your service! π
We bring you the simplest checkout process with multiple payment options. Get up to $100 offβ¦
HydraHYDRA #1118
18 Dec 2022, 12:21
What's the #Hydra Chain feature that you think puts it above other blockchains? Comment below πͺ
What's the #Hydra Chain feature that you think puts it above other blockchains. Comment below.What's the #Hydra Chain feature that you think puts it above other blockchains? Comment below πͺ
HydraHYDRA #1118
16 Dec 2022, 22:18
β οΈ Mandatory Node Update Before December 31 β οΈ
Dear Hydra Community,
version 0.20.6 of the Hydra staking client was just released. This is a mandatory version update and stakers should update their clients before December 31. You will find the updated version in the link below:
Please note that staking nodes which haven't updated to the new version will not be able to continue staking after block #658,600 (which we expect to reach on January 2nd).
Why is this hard fork needed?
The new version fixes a minor calculation mistake that was introduced with the October 27 merge and impacted the rate at which block rewards were growing. The fix is applied by resetting the block reward to the correct progression curve - matching the number that would have been normally reached by block number #658,600.
The resulting impact is limited to a 0.3% difference in supply, with no other side effects.
π We recommend to update your nodes as soon as possible.
Mandatory Node Update Before December 31. Dear Hydra Community,. version 0. 6 of the Hydra staking client was just released.β οΈ Mandatory Node Update Before December 31 β οΈ
Dear Hydra Community,
version 0.20.6 of the Hydra staking client was just released. This is a mandatory version update and stakers should update their clients before December 31. You will find the updated version in the link below:
https://github.com/Hydra-Chain/node/releases/tag/hydra_v0.20.6
Please note that staking nodes which haven't updated to the new version will not be able to continue staking after block #658,600 (which we expect to reach on January 2nd).
Why is this hard fork needed?
The new version fixes a minor calculation mistake that was introduced with the October 27 merge and impacted the rate at which block rewards were growing. The fix is applied by resetting the block reward to the correct progression curve - matching the number that would have been normally reached by block number #658,600.
The resulting impact is limited to a 0.3% difference in supply, with no other side effects.
π We recommend to update your nodes as soon as possible.
HydraHYDRA #1118
15 Dec 2022, 23:43
The $USDC, $USDT and $BUSB #stablecoins have now been added to the #Hydra Chain ecosystem via πͺ And #LiquidityMining is coming too! π₯
The $USDC, $USDT and $BUSB #stablecoins have now been added to the #Hydra Chain ecosystem via And #LiquidityMining is coming tooThe $USDC, $USDT and $BUSB #stablecoins have now been added to the #Hydra Chain ecosystem via https://t.co/TcTQJ6JCee πͺ And #LiquidityMining is coming too! π₯
https://t.co/b69hsX4fN7
HydraHYDRA #1118
15 Dec 2022, 14:34
πΈ Hydra Welcomes USDC, USDT and BUSD Stablecoins to the Ecosystem!
We are happy to announce that the three most popular stablecoins are now available on the Hydra ecosystem! When combined with the previously available DAI token, they cover more than 95% of the total stablecoin market cap!
You can now trade Hydra-based assets against your preferred stablecoin. The best of it? In the near future we will be announcing liquidity mining campaigns for the newly launched pools! The strengthened liquidity will significantly reduce the price impact of swaps and improve the trading experience.
Read the full announcement below:
Hydra Welcomes USDC, USDT and BUSD Stablecoins to the Ecosystem.πΈ Hydra Welcomes USDC, USDT and BUSD Stablecoins to the Ecosystem!
We are happy to announce that the three most popular stablecoins are now available on the Hydra ecosystem! When combined with the previously available DAI token, they cover more than 95% of the total stablecoin market cap!
You can now trade Hydra-based assets against your preferred stablecoin. The best of it? In the near future we will be announcing liquidity mining campaigns for the newly launched pools! The strengthened liquidity will significantly reduce the price impact of swaps and improve the trading experience.
Read the full announcement below:
https://medium.com/hydra-chain/hydra-welcomes-usdc-usdt-and-busd-stablecoins-to-the-ecosystem-55b55ec74145
HydraHYDRA #1118
14 Dec 2022, 11:41
Under the current #Hydra chain settings βοΈ, our #staking APY will never drop below 20%, even if the entire $hydra supply was staked π And now that we also offer liquidity mining, the staking APY will likely remain higher for even longer π
Under the current #Hydra chain settings , our #staking APY will never drop below 20%, even if the entire $hydra supply was stakeUnder the current #Hydra chain settings βοΈ, our #staking APY will never drop below 20%, even if the entire $hydra supply was staked π And now that we also offer liquidity mining, the staking APY will likely remain higher for even longer π https://t.co/F9GBzm31TN
HydraHYDRA #1118
13 Dec 2022, 11:36
RT @ChangeXapp: π₯ The 0% commission #HYDRA Delegated Staking campaign is a go!
π Move to Changex and get 100% of your staking rewards untβ¦
RT @ChangeXapp: The 0% commission #HYDRA Delegated Staking campaign is a go.RT @ChangeXapp: π₯ The 0% commission #HYDRA Delegated Staking campaign is a go!
π Move to Changex and get 100% of your staking rewards untβ¦
HydraHYDRA #1118
12 Dec 2022, 14:43
π If you've recently started following us here on Twitter, please also join us in Telegram too π
If you've recently started following us here on Twitter, please also join us in Telegram too.π If you've recently started following us here on Twitter, please also join us in Telegram too π
https://t.co/wxuW99dfEO
HydraHYDRA #1118
10 Dec 2022, 12:45
"#Hydra Chain's great fundamentals and strong development cycle give us enough resources and tools to compete with the biggest projects. I am extremely grateful for the trust of everyone who is a member of this community." πͺ
Nikola Alexandrov, Hydra Chain CEO
"#Hydra Chain's great fundamentals and strong development cycle give us enough resources and tools to compete with the biggest p"#Hydra Chain's great fundamentals and strong development cycle give us enough resources and tools to compete with the biggest projects. I am extremely grateful for the trust of everyone who is a member of this community." πͺ
Nikola Alexandrov, Hydra Chain CEO
HydraHYDRA #1118
08 Dec 2022, 23:36
RT @GoMeatToken: Have you visited #GoMeatyVerse on @Roblox ?
RT @GoMeatToken: Have you visited #GoMeatyVerse on @Roblox .RT @GoMeatToken: Have you visited #GoMeatyVerse on @Roblox ?
https://t.co/n54df3EqN0 https://t.co/C47ydF4qiZ
HydraHYDRA #1118
07 Dec 2022, 15:13
π‘Cross-Chain Bridge with Industry-First Defender Architecture goes LIVE!
We are happy to announce that another major milestone from the Hydra 2.0 roadmap has been completed βThe Hydra Bridge with Industry-First Defender Architecture!
The technology upgrade to the Hydra/Ethereum cross-chain bridge comes with a number of new features and security enhancements. We will explore some of them in this article and look into four of the biggest cross-chain exploits that happened in 2022 and discuss how defender nodes could have helped prevent them π
Let's dive in!
Cross-Chain Bridge with Industry-First Defender Architecture goes LIVE.π‘Cross-Chain Bridge with Industry-First Defender Architecture goes LIVE!
We are happy to announce that another major milestone from the Hydra 2.0 roadmap has been completed βThe Hydra Bridge with Industry-First Defender Architecture!
The technology upgrade to the Hydra/Ethereum cross-chain bridge comes with a number of new features and security enhancements. We will explore some of them in this article and look into four of the biggest cross-chain exploits that happened in 2022 and discuss how defender nodes could have helped prevent them π
Let's dive in!
https://medium.com/hydra-chain/cross-chain-bridge-with-industry-first-defender-architecture-goes-live-5537b89a3112
HydraHYDRA #1118
07 Dec 2022, 08:40
RT @hydra_chain: Still staking on Kucoin? This may interest you!
RT @hydra_chain: Still staking on Kucoin. This may interest you.RT @hydra_chain: Still staking on Kucoin? This may interest you!
HydraHYDRA #1118
07 Dec 2022, 02:26
Phase 2 of the bridge migration/upgrade is complete and the bridge is once again operational. Expect an announcement with further details soon π
Phase 2 of the bridge migration/upgrade is complete and the bridge is once again operational.Phase 2 of the bridge migration/upgrade is complete and the bridge is once again operational. Expect an announcement with further details soon π
HydraHYDRA #1118
06 Dec 2022, 10:00
The bridge is back up and running. The first phase of the migration actually lasted shorter than expected ππ
The bridge is back up and running. The first phase of the migration actually lasted shorter than expected.The bridge is back up and running. The first phase of the migration actually lasted shorter than expected ππ
HydraHYDRA #1118
05 Dec 2022, 11:46
π₯ Preparations for the Bridge Migration Commence!
Starting today at 14:00 UTC time, the Hydra/Ethereum cross-chain bridge will enter maintenance mode, as part of a major technology upgrade. The maintenance is expected to last for 24-48 hours. If you need to swap assets in the short-term, please do so in advance.
The technology upgrade is part of our Hydra 2.0 roadmap and involves a series of enhancements, such as the introduction of the industry-first Defender Nodes! A detailed announcement regarding what's new will follow once the migration is complete π
Check out the Hydra 2.0 whitepaper below, if you haven't already:
Preparations for the Bridge Migration Commence.π₯ Preparations for the Bridge Migration Commence!
Starting today at 14:00 UTC time, the Hydra/Ethereum cross-chain bridge will enter maintenance mode, as part of a major technology upgrade. The maintenance is expected to last for 24-48 hours. If you need to swap assets in the short-term, please do so in advance.
The technology upgrade is part of our Hydra 2.0 roadmap and involves a series of enhancements, such as the introduction of the industry-first Defender Nodes! A detailed announcement regarding what's new will follow once the migration is complete π
Check out the Hydra 2.0 whitepaper below, if you haven't already:
https://docs.google.com/document/d/e/2PACX-1vReUzdGzkc3Plm-VbLv2TGWeJ81dMmraKczCaUVRBDix3s4PROipcJ2aDQ1U_bZruU_OplXVQqCCPbe/pub
HydraHYDRA #1118
02 Nov 2022, 15:14
Hello Everyone!
The initial list of ready Superstakers is ready and is published at the below link.
https://onedrive.live.com/embed?resid=2f043df603437b17%2114395&authkey=!AGJA5VRvShWO6Pc&em=2
This is an Excel sheet (Because I am comfortable with Excel π ) which shows an Identifying Name which is of the Superstakers choice, the Superstakers address, the Fee, minimum UTXO size they accept, a link to a blog page or website if any and a link to their channel or personal telegram which they provided for communication. Please feel free to do your Due Diligence before Delegating to a Superstaker
As a Delegator, you now have the option to delegate your Hydra to a Superstaker without the need to send your coins to anyone, which means the Hydra stays in your wallet while offline and still it will stake. No need of keeping your computer on and no need to manage a node.
You can simply download the Desktop wallet on your computer, Install it and let it load up (May take a few hours to sync), import your address via the console using your addresses private key, Delegate your Hydra to a Superstaker using guidance from the Delegator's guide. Optimize your Hydra UTXO's and please read the full guide as it has some important points for you to understand.
Delegator Guide =
Once you have Delegated, you can check if your delegation was successful, then Encrypt your Desktop Wallet and close it.
Let me know if anyone has any questions / feedback!
Hello Everyone. The initial list of ready Superstakers is ready and is published at the below link.Hello Everyone!
The initial list of ready Superstakers is ready and is published at the below link.
https://onedrive.live.com/embed?resid=2f043df603437b17%2114395&authkey=!AGJA5VRvShWO6Pc&em=2
This is an Excel sheet (Because I am comfortable with Excel π ) which shows an Identifying Name which is of the Superstakers choice, the Superstakers address, the Fee, minimum UTXO size they accept, a link to a blog page or website if any and a link to their channel or personal telegram which they provided for communication. Please feel free to do your Due Diligence before Delegating to a Superstaker
As a Delegator, you now have the option to delegate your Hydra to a Superstaker without the need to send your coins to anyone, which means the Hydra stays in your wallet while offline and still it will stake. No need of keeping your computer on and no need to manage a node.
You can simply download the Desktop wallet on your computer, Install it and let it load up (May take a few hours to sync), import your address via the console using your addresses private key, Delegate your Hydra to a Superstaker using guidance from the Delegator's guide. Optimize your Hydra UTXO's and please read the full guide as it has some important points for you to understand.
Delegator Guide = https://docs.hydrachain.org/staking-hydra-coins/delegating-to-superstaker
Once you have Delegated, you can check if your delegation was successful, then Encrypt your Desktop Wallet and close it.
Let me know if anyone has any questions / feedback!
HydraHYDRA #1118
29 Oct 2022, 21:02
ππ»ββοΈ Hello Superstaker Initiates!
The staking client now has the ability to become a Superstaker allowing the opportunity for people who were not able to have their computers online 24x7 for regular staking, to Delegate their Wallets to a Superstaker, who will stake on their behalf in a completely non-custodial way, which means the delegators coins remain in their own Wallet and offline and yet can stake for the displayed APR for a small fee that the Superstaker charges.
I am now collecting details from people who would like to list their Nodes as a Superstaker on a Publicly available spreadsheet, so that Delegators can choose whom they would like to Delegate to. The data collected below will currently be manually maintained by me, so people interested please DM me the Below information. Please ensure that you are providing me Details AFTER you have set up your Superstaker Node and ready to accept Delegations.
DM the info only to me @planetoid2001 and not in the group . I will not DM you first | Avoid Scammers and Impersonators
Superstaker Name - Any name of your Choosing for your Node, Example: QU Staking Force, Woof for Blocks etc .. :)
Superstaker Address - The Hydra Superstaker Address that is configured for Superstaking
Superstaker Fee - This is the service fee charged by the Superstaker for providing the Superstaking Service
Minimum UTXO - Minimum UTXO Size that the Superstaker accepts on the Node
Superstaker Introduction - A link to maybe a Webpage / Blog or any page made by the Superstaker to provide a small introduction to their Node / Superstaking Service (This is optional)
Superstaker Telegram - A Link to the Superstakers Telegram Group / Personal ID if needed to connect with them for any reason (This is optional but preferred)
The remaining Details on the sheet will be pulled from the Blockchain using Explorer API's
I will share a sneak Peak of How it will Look below
β Hello Superstaker Initiates.ππ»ββοΈ Hello Superstaker Initiates!
The staking client now has the ability to become a Superstaker allowing the opportunity for people who were not able to have their computers online 24x7 for regular staking, to Delegate their Wallets to a Superstaker, who will stake on their behalf in a completely non-custodial way, which means the delegators coins remain in their own Wallet and offline and yet can stake for the displayed APR for a small fee that the Superstaker charges.
I am now collecting details from people who would like to list their Nodes as a Superstaker on a Publicly available spreadsheet, so that Delegators can choose whom they would like to Delegate to. The data collected below will currently be manually maintained by me, so people interested please DM me the Below information. Please ensure that you are providing me Details AFTER you have set up your Superstaker Node and ready to accept Delegations.
DM the info only to me @planetoid2001 and not in the group . I will not DM you first | Avoid Scammers and Impersonators
Superstaker Name - Any name of your Choosing for your Node, Example: QU Staking Force, Woof for Blocks etc .. :)
Superstaker Address - The Hydra Superstaker Address that is configured for Superstaking
Superstaker Fee - This is the service fee charged by the Superstaker for providing the Superstaking Service
Minimum UTXO - Minimum UTXO Size that the Superstaker accepts on the Node
Superstaker Introduction - A link to maybe a Webpage / Blog or any page made by the Superstaker to provide a small introduction to their Node / Superstaking Service (This is optional)
Superstaker Telegram - A Link to the Superstakers Telegram Group / Personal ID if needed to connect with them for any reason (This is optional but preferred)
The remaining Details on the sheet will be pulled from the Blockchain using Explorer API's
I will share a sneak Peak of How it will Look below
HydraHYDRA #1118
27 Oct 2022, 09:12
π₯Turbocharged, Reshaped, Improved: HYDRA 2.0 kicks off at block 477300π₯
The most significant protocol upgrade on the journey to enabling HYDRA 2.0 is now a reality!
The current upgrade is a significant milestone, as it eliminates critical user experience flaws and empowers massive performance upgrades that impact the overall appeal and scalability of the ecosystem.
With the new update, the average transaction wait time from a user standpoint will be ~16 sec (based on the 32 sec block time).
TPS now has a burst capacity of 2000 transactions per second without any sacrifice in terms of decentralization or security. Hardware ressource utilization is on a new level of efficiency.
The upgrade also enables permissionless delegation which unlocks a plethora of use cases.
Staking will be much more accessible, user-friendly, and secure as an experience.
Mobile applications will be capable of provide staking services to newcoming members as they will be acting as user-friendly gateways that connect community members with secured validators.
The permissionless design of HYDRA and the self-calibrating weight formula makes the standard deviation an invariable characteristic, which has a critical impact on user experience. A deviation of 3x from the average block time previously meant multiple minutes of waiting - UX flaw that was exacerbating itself due to the larger block time. Now these deviations will be much more insignificant and likely remain unnoticed.
The current block time reduction has tremendous implications on the staking time standard deviation (also referred as the "luck factor"), which makes staking more accessible to community members who own smaller balances.
All of these factors combined form a unique synergy with the applications built on top of HYDRA.
HydraDex and the Hydra Bridge, as well as all other applications, are capable of propagating transactions much faster which will make the use of the network a much more efficient and enjoyable experience. An important factor that can potentially have an impact on transaction count and volumes in the long term. And since HYDRA burns transaction fees, this makes the upgrade even more synergetic.
I am really confident of how much the HYDRA protocol has compounded as intellectual value and as community support, and our whole team is really excited about what follows next.
Some of the next HYDRA 2.0 features in the immediate pipeline:
- Bridge upgrade with defenders logic and enabling more EVM chains
- LYDRA liquid staking protocol major upgrade that refactors liquidity utilization
- EVM upgrade to match the London version
- DAO trials
Thank you all for being together with us on this journey.
Turbocharged, Reshaped, Improved: HYDRA 2. 0 kicks off at block 477300.π₯Turbocharged, Reshaped, Improved: HYDRA 2.0 kicks off at block 477300π₯
The most significant protocol upgrade on the journey to enabling HYDRA 2.0 is now a reality!
The current upgrade is a significant milestone, as it eliminates critical user experience flaws and empowers massive performance upgrades that impact the overall appeal and scalability of the ecosystem.
With the new update, the average transaction wait time from a user standpoint will be ~16 sec (based on the 32 sec block time).
TPS now has a burst capacity of 2000 transactions per second without any sacrifice in terms of decentralization or security. Hardware ressource utilization is on a new level of efficiency.
The upgrade also enables permissionless delegation which unlocks a plethora of use cases.
Staking will be much more accessible, user-friendly, and secure as an experience.
Mobile applications will be capable of provide staking services to newcoming members as they will be acting as user-friendly gateways that connect community members with secured validators.
The permissionless design of HYDRA and the self-calibrating weight formula makes the standard deviation an invariable characteristic, which has a critical impact on user experience. A deviation of 3x from the average block time previously meant multiple minutes of waiting - UX flaw that was exacerbating itself due to the larger block time. Now these deviations will be much more insignificant and likely remain unnoticed.
The current block time reduction has tremendous implications on the staking time standard deviation (also referred as the "luck factor"), which makes staking more accessible to community members who own smaller balances.
All of these factors combined form a unique synergy with the applications built on top of HYDRA.
HydraDex and the Hydra Bridge, as well as all other applications, are capable of propagating transactions much faster which will make the use of the network a much more efficient and enjoyable experience. An important factor that can potentially have an impact on transaction count and volumes in the long term. And since HYDRA burns transaction fees, this makes the upgrade even more synergetic.
I am really confident of how much the HYDRA protocol has compounded as intellectual value and as community support, and our whole team is really excited about what follows next.
Some of the next HYDRA 2.0 features in the immediate pipeline:
- Bridge upgrade with defenders logic and enabling more EVM chains
- LYDRA liquid staking protocol major upgrade that refactors liquidity utilization
- EVM upgrade to match the London version
- DAO trials
Thank you all for being together with us on this journey.
HydraHYDRA #1118
25 Oct 2022, 12:10
β¨ LESS THAN 1.9 DAYS TO GO β¨
We are currently at Block# 476,040, just 1260 Blocks to reach #477,300
βοΈ Block time reduction from 128 seconds to 32 seconds
βοΈ Peak TPS of 2,000
βοΈ Introduction of Delegated Staking and Superstaking
βοΈ EVM Standard to match the Muir Glacier version ofπΆEthereum
βοΈ Hardware Resources Optimization
β οΈ Old Nodes will stop staking from Block #477,300 on 27th October β οΈ
Please remember that Stakers / Node operators who havenβt updated their staking wallets / Desktop Clients by 27th October 2022 will automatically be rejected by other nodes and wonβt be able to continue staking with any version before 0.20.4. To avoid this please update your staking Wallets to version 0.20.4 available at before the 27th of October, which is when the merge is scheduled to take place at block number #477,300.
π In case you need assistance please don't hesitate to ask, always happy to help where possible.
The wallet update is pretty smooth and straightforward in my opinion, we strongly recommend not to wait until the last minute, so that there is enough time to assist you with. There are less than 2 days left anyways :)
Install and Update Guide for Raspberry Pi (Legacy Buster and Bullseye):
Update Guide for Windows, Linux and MacOS:
Install Guide for Windows:
Install Guide for Linux:
Please refer to the previous announcement (https://medium.com/hydra-chain/hydra-2-0-upgrade-is-coming-on-25-oct-2022-mandatory-node-update-before-that-f58e5325ab32) for details on the Merge
LESS THAN 1. 9 DAYS TO GO. We are currently at Block# 476,040, just 1260 Blocks to reach #477,300.β¨ LESS THAN 1.9 DAYS TO GO β¨
We are currently at Block# 476,040, just 1260 Blocks to reach #477,300
βοΈ Block time reduction from 128 seconds to 32 seconds
βοΈ Peak TPS of 2,000
βοΈ Introduction of Delegated Staking and Superstaking
βοΈ EVM Standard to match the Muir Glacier version ofπΆEthereum
βοΈ Hardware Resources Optimization
β οΈ Old Nodes will stop staking from Block #477,300 on 27th October β οΈ
Please remember that Stakers / Node operators who havenβt updated their staking wallets / Desktop Clients by 27th October 2022 will automatically be rejected by other nodes and wonβt be able to continue staking with any version before 0.20.4. To avoid this please update your staking Wallets to version 0.20.4 available at https://github.com/Hydra-Chain/node/releases/tag/hydra_v0.20.4) before the 27th of October, which is when the merge is scheduled to take place at block number #477,300.
π In case you need assistance please don't hesitate to ask, always happy to help where possible.
The wallet update is pretty smooth and straightforward in my opinion, we strongly recommend not to wait until the last minute, so that there is enough time to assist you with. There are less than 2 days left anyways :)
Install and Update Guide for Raspberry Pi (Legacy Buster and Bullseye): https://docs.hydrachain.org/guide-for-raspberry-pi
Update Guide for Windows, Linux and MacOS: https://docs.hydrachain.org/how-to-update-your-hydra-wallet
Install Guide for Windows: https://docs.hydrachain.org/guide-for-windows
Install Guide for Linux: https://docs.hydrachain.org/guide-for-linux
Please refer to the previous announcement (https://medium.com/hydra-chain/hydra-2-0-upgrade-is-coming-on-25-oct-2022-mandatory-node-update-before-that-f58e5325ab32) for details on the Merge
HydraHYDRA #1118
04 Oct 2022, 12:29
β
HYDRA 2.0 Upgrade is Coming on 27 Oct 2022 β Mandatory Node Update before that!
Dear Hydra Community!
We are very excited to announce that the testnet campaign was concluded with very good results and the much anticipated merge of the mainnet is scheduled for October 27!
The upcoming update is among the most critical ones as part of the Hydra 2.0 road map and is packed with a plethora of performance and usability features.
In order for the merge to go through smoothly, stakers need to update their staking clients to the latest version 0.20.4 before October 27. This is a mandatory update. The merge is scheduled to take place at block number #477300.
Full details:
HYDRA 2. 0 Upgrade is Coming on 27 Oct 2022 β Mandatory Node Update before that. Dear Hydra Community.β
HYDRA 2.0 Upgrade is Coming on 27 Oct 2022 β Mandatory Node Update before that!
Dear Hydra Community!
We are very excited to announce that the testnet campaign was concluded with very good results and the much anticipated merge of the mainnet is scheduled for October 27!
The upcoming update is among the most critical ones as part of the Hydra 2.0 road map and is packed with a plethora of performance and usability features.
In order for the merge to go through smoothly, stakers need to update their staking clients to the latest version 0.20.4 before October 27. This is a mandatory update. The merge is scheduled to take place at block number #477300.
Full details:
https://medium.com/hydra-chain/hydra-2-0-upgrade-is-coming-on-25-oct-2022-mandatory-node-update-before-that-f58e5325ab32
HydraHYDRA #1118
22 Sep 2022, 08:38
This is to confirm to everyone that Hydradex.org has officially been integrated with Coingecko with full tracking capability.
While this may seem a small step forward, it actually holds a lot of potential as the dex gets recognition from one of the largest data aggregators, turning it into an even more valuable community asset.
Coingecko has the highest standards when it comes to third party integration and convincing them to allocate resources to integrate a new project is no trivial job.
Together with all of you, we built the Dex, deployed a significant quantity of liquidity relevant to the ecosystem and now have made it visible to the world.
These are critical prerequisites for the potential liquidity scaling that comes on the road-map. Having higher visibility also could give a leveraged effect on important trials such as liquidity mining and the prototype single sided liquidity mining that is pending deployment.
As a native dex of the Hydra ecosystem, all volumes and activities will now be visible to the world outside of Hydra and may play a role in third party evaluation on both Hydra based traded assets, as well as HYDRA which acts as connecting asset (any Hydra pair, will reflect volumes on the token as well as HYDRA that represents both sides of that pair).
For instance exchanges take into account traded volumes and order activities when evaluating projects for listing. In this context, high activity on the dex for a given asset could play a critical role as part of that evaluation.
Having third party integration also improves arbitrage discoverability as reported volumes will show up on flagman assets relevant pages such as WBTC, ETH, DAI and all others.
This achievement is a continuation of a 1 year long development sprint, and comes as a great step that precludes what may follow next.
To check the Hydradex CG page, you can visit
This is to confirm to everyone that Hydradex. org has officially been integrated with Coingecko with full tracking capability.This is to confirm to everyone that Hydradex.org has officially been integrated with Coingecko with full tracking capability.
While this may seem a small step forward, it actually holds a lot of potential as the dex gets recognition from one of the largest data aggregators, turning it into an even more valuable community asset.
Coingecko has the highest standards when it comes to third party integration and convincing them to allocate resources to integrate a new project is no trivial job.
Together with all of you, we built the Dex, deployed a significant quantity of liquidity relevant to the ecosystem and now have made it visible to the world.
These are critical prerequisites for the potential liquidity scaling that comes on the road-map. Having higher visibility also could give a leveraged effect on important trials such as liquidity mining and the prototype single sided liquidity mining that is pending deployment.
As a native dex of the Hydra ecosystem, all volumes and activities will now be visible to the world outside of Hydra and may play a role in third party evaluation on both Hydra based traded assets, as well as HYDRA which acts as connecting asset (any Hydra pair, will reflect volumes on the token as well as HYDRA that represents both sides of that pair).
For instance exchanges take into account traded volumes and order activities when evaluating projects for listing. In this context, high activity on the dex for a given asset could play a critical role as part of that evaluation.
Having third party integration also improves arbitrage discoverability as reported volumes will show up on flagman assets relevant pages such as WBTC, ETH, DAI and all others.
This achievement is a continuation of a 1 year long development sprint, and comes as a great step that precludes what may follow next.
To check the Hydradex CG page, you can visit https://www.coingecko.com/en/exchanges/hydra
HydraHYDRA #1118
14 Sep 2022, 17:14
π¨βπ©βπ§βπ¦ HYDRA Ecosystem Update β September 2022
Today we are happy to share another ecosystem update with you. Many things are going on and we canβt wait to present the progress.
Included in this article:
πΉ HYDRA 2.0 progress
πΉ LYDRA development update
πΉ Testnet results, block time reduction, delegated staking
πΉ Upgrade on LM system for full automation
πΉ Introduction of token-based staking functionality
πΉ Scalability upgrades to analytics and explorer pages
πΉ More stablecoins coming to Hydra chain
πΉ Low-risk stablecoin pools in development
πΉ Hydra Bridge upgrade achieves 95% less downtime
πΉ Industry-first bridge defender-nodes in development
πΉ Gnosis multi-sig wallets coming
πΉ Progress on the Treasury DAO
πΉ Hydra DEX visibility update
Full article below:
β HYDRA Ecosystem Update β September 2022. Today we are happy to share another ecosystem update with you.π¨βπ©βπ§βπ¦ HYDRA Ecosystem Update β September 2022
Today we are happy to share another ecosystem update with you. Many things are going on and we canβt wait to present the progress.
Included in this article:
πΉ HYDRA 2.0 progress
πΉ LYDRA development update
πΉ Testnet results, block time reduction, delegated staking
πΉ Upgrade on LM system for full automation
πΉ Introduction of token-based staking functionality
πΉ Scalability upgrades to analytics and explorer pages
πΉ More stablecoins coming to Hydra chain
πΉ Low-risk stablecoin pools in development
πΉ Hydra Bridge upgrade achieves 95% less downtime
πΉ Industry-first bridge defender-nodes in development
πΉ Gnosis multi-sig wallets coming
πΉ Progress on the Treasury DAO
πΉ Hydra DEX visibility update
Full article below:
https://medium.com/hydra-chain/hydra-ecosystem-update-september-2022-669b95e90ec7
HydraHYDRA #1118
01 Sep 2022, 08:11
As of 8:00 UTC on 1st Sept 2022, all three LP pools have been activated in the staking section of hydradex.org and rewards are accruing automatically with each second.
We recommend to all liquidity providers, to stake their LP Tokens via the
As of 8:00 UTC on 1st Sept 2022, all three LP pools have been activated in the staking section of hydradex.As of 8:00 UTC on 1st Sept 2022, all three LP pools have been activated in the staking section of hydradex.org and rewards are accruing automatically with each second.
We recommend to all liquidity providers, to stake their LP Tokens via the https://hydradex.org/#/staking.
HydraHYDRA #1118
22 Aug 2022, 11:52
β‘οΈ Announcing the Hydra DEX Automated Liquidity Mining β Starting 1st September
We are happy to announce that another milestone has been deployed on production. Those of you who participated in the liquidity mining campaign will be aware of the sheet-based reward calculation and distribution system that we introduced with the start of the campaign.
It was a semi-automatic method meant to bridge the gap until a more advanced system is developed. Today is the day β work has been completed and we are ready to introduce a fully automated liquidity mining system with various improvements.
πΉ Snapshots at every block
πΉ Real-time reward calculation
πΉ Claimable rewards at any time
Read the full announcement below:
οΈ Announcing the Hydra DEX Automated Liquidity Mining β Starting 1st September.β‘οΈ Announcing the Hydra DEX Automated Liquidity Mining β Starting 1st September
We are happy to announce that another milestone has been deployed on production. Those of you who participated in the liquidity mining campaign will be aware of the sheet-based reward calculation and distribution system that we introduced with the start of the campaign.
It was a semi-automatic method meant to bridge the gap until a more advanced system is developed. Today is the day β work has been completed and we are ready to introduce a fully automated liquidity mining system with various improvements.
πΉ Snapshots at every block
πΉ Real-time reward calculation
πΉ Claimable rewards at any time
Read the full announcement below:
https://medium.com/hydra-chain/announcing-the-hydra-dex-automated-liquidity-mining-starting-1st-september-fc0b5c512c46
HydraHYDRA #1118
13 Aug 2022, 07:32
π¨βπ©βπ§βπ¦ Announcing the Hydra Testnet Bounty Campaign
We are pleased to announce that the Hydra Testnet Bounty goes live today!
As part of this bounty, we are aiming for 100+ community-owned nodes that will allow us to gather network data under real-world conditions. Whether you join with your windows device, or a custom Raspberry Pi setup β the more variety we have, the better tested the network becomes.
This follows the same philosophy as our previous releases and testnet bounties, which ultimately led to the release of Hydra mainnet!
πΉStarting Date: 13. August 2022
πΉDuration: 4 Weeks
πΉEnding Date: 10. September 2022
πΉEnrollment Limit: 100 Participants
πΉBounty Reward: 30 HYDRA
πΉRequired Wallet Version: 0.20.4
More details below:
β Announcing the Hydra Testnet Bounty Campaign. We are pleased to announce that the Hydra Testnet Bounty goes live today.π¨βπ©βπ§βπ¦ Announcing the Hydra Testnet Bounty Campaign
We are pleased to announce that the Hydra Testnet Bounty goes live today!
As part of this bounty, we are aiming for 100+ community-owned nodes that will allow us to gather network data under real-world conditions. Whether you join with your windows device, or a custom Raspberry Pi setup β the more variety we have, the better tested the network becomes.
This follows the same philosophy as our previous releases and testnet bounties, which ultimately led to the release of Hydra mainnet!
πΉStarting Date: 13. August 2022
πΉDuration: 4 Weeks
πΉEnding Date: 10. September 2022
πΉEnrollment Limit: 100 Participants
πΉBounty Reward: 30 HYDRA
πΉRequired Wallet Version: 0.20.4
More details below:
https://medium.com/hydra-chain/announcing-the-hydra-testnet-bounty-campaign-98764a14b177
HydraHYDRA #1118
25 Jul 2022, 07:58
June 20th, we released an upgrade to the node client with version 0 18.5.7
We recommend to all stakers to upgrade to this version because it contains a fix that improves the stability of nodes.
To upgrade, please download your relevant client from our release page :
June 20th, we released an upgrade to the node client with version 0 18.June 20th, we released an upgrade to the node client with version 0 18.5.7
We recommend to all stakers to upgrade to this version because it contains a fix that improves the stability of nodes.
To upgrade, please download your relevant client from our release page : https://github.com/Hydra-Chain/node/releases/tag/hydra_v0.18.5.7
HydraHYDRA #1118
18 Jul 2022, 13:56
I am very excited to see our partners at ChangeX advance with the campaign and continuing to outperform despite the market volatility.
This is a reminder that Tomorrow (19th July @ 14:00 UTC time), they will be holding the Liquidity Event on HydraDex.org which is another testament to the forward moving trajectory of our ecosystem.
Here's the official statement from the team from couple of hours ago. Make sure to join their telegram to follow the event ->
Our team is wishing best of luck to CHANGE launch and can't wait to see HYDRA and LYDRA being integrated into the ChangeX application.
π Just 28 hours left until $CHANGE trading and staking launch β‘οΈβ‘οΈβ‘οΈ
Continue reading for all important info ππ½
β° Updated time for DEX launch: 2 pm UTC on Tuesday 19
We have decided to move the DEX launch by 5 hours so as to make it more convenient for more users that would like to get some $CHANGE in the first few hours!
Where can you get $CHANGE?
π±ChangeX app for iOS and Android (directly integrated with HydraDEX) - $CHANGE is HRC20
βοΈ HydraDEX web app - $CHANGE is HRC20
π¦ Uniswap - $CHANGE is ERC20 πππ
What will be the liquidity?
The 30 M CHANGE tokens and corresponding $480,000 liquidity will be deployed as follows:
βοΈ HydraDEX: 25 M $CHANGE tokens (HRC20) and $400,000 worth of HYDRA
π¦ Uniswap: 5 M $CHANGE tokens (ERC20) and $80,000 worth of USDC
What will be the maximum slippage?
π±ChangeX app: set to 100% in-app for the first few hours, so that you are sure your orders wonβt fail! Thatβs why we recommend using the app! βοΈβοΈβοΈ
βοΈ HydraDEX: standard and max 49% in expert mode
π¦ Uniswap: in accordance with Uniswap settings
What will be the available pairs?
π±ChangeX app offers two types of pairs:
1οΈβ£ Two-directional (meaning you can both buy and sell $CHANGE)
β HYDRA
β Hydra-pegged DAI
Fee: standard fees as on the HydraDEX apply for the execution of the order.
2οΈβ£ One-directional (meaning you can only buy $CHANGE)
β BTC (native BTC network, no need to bridge the BTC to Hydra)
β ETH (native ETH network, no need to bridge the ETH to Hydra)
> How it works: When you confirm the purchase of $CHANGE with BTC or ETH, you send BTC/ETH to an address, whose keys we hold. As soon as 1 confirmation is received, we buy $CHANGE tokens via the multi-hop functionality of the HydraDEX with the same amount of wBTC and wETH you sent, and then we send the purchased $CHANGE tokens to your address in the ChangeX app. We make sure that we have enough wBTC and wETH on HYDRA so that all orders are executed smoothly. All is automated!
> Fee: Fee for the purchase of CHANGE with BTC and ETH you only need to pay the outgoing BTC/ETH transaction fee, while we will be covering everything else! No need to have HYDRA for the purchase either!
> The orders for the BTC/ETH purchases need to be for at least 50 USD equivalent and should not be for more than 10,000 USD.
βοΈDisclaimer: we need to receive at least 1 confirmation on your BTC/ETH transaction. This means that especially for BTC, it may take 10-20 minutes for your order to be initiated, which means that the price can change substantially in the meantime!
βοΈ HydraDEX: You can buy and sell $CHANGE with all tokens supported on the HydraDEX
Fee: Standard fees on the HydraDEX apply for the execution of the order.
π¦ Uniswap: You can buy and sell $CHANGE with USDC
Fee: Standard fees for the execution of the order on Uniswap.
When will be $CHANGE staking available?
$CHANGE staking will be launched together with the DEX trading at 2 pm UTC on Tuesday, July 19!
Where can you stake $CHANGE?
π±ChangeX app for iOS and Android
βοΈ HydraDEX
What do I need to be able to stake $CHANGE?
You need to buy $CHANGE tokens first and you need to have HYDRA in your wallet to pay for the transaction fees!
ππ½ For those buying $CHANGE from π¦ Uniswap, $CHANGE will be added to the ETH/HYDRA bridge on Jul 19, so that any ERC20 CHANGE can be transferred to the Hydra blockchain. Only $CHANGE on the Hydra chain can be staked!
I am very excited to see our partners at ChangeX advance with the campaign and continuing to outperform despite the market volatI am very excited to see our partners at ChangeX advance with the campaign and continuing to outperform despite the market volatility.
This is a reminder that Tomorrow (19th July @ 14:00 UTC time), they will be holding the Liquidity Event on HydraDex.org which is another testament to the forward moving trajectory of our ecosystem.
Here's the official statement from the team from couple of hours ago. Make sure to join their telegram to follow the event -> https://t.me/hydra_project_x
Our team is wishing best of luck to CHANGE launch and can't wait to see HYDRA and LYDRA being integrated into the ChangeX application.
π Just 28 hours left until $CHANGE trading and staking launch β‘οΈβ‘οΈβ‘οΈ
Continue reading for all important info ππ½
β° Updated time for DEX launch: 2 pm UTC on Tuesday 19
We have decided to move the DEX launch by 5 hours so as to make it more convenient for more users that would like to get some $CHANGE in the first few hours!
Where can you get $CHANGE?
π±ChangeX app for iOS and Android (directly integrated with HydraDEX) - $CHANGE is HRC20
βοΈ HydraDEX web app - $CHANGE is HRC20
π¦ Uniswap - $CHANGE is ERC20 πππ
What will be the liquidity?
The 30 M CHANGE tokens and corresponding $480,000 liquidity will be deployed as follows:
βοΈ HydraDEX: 25 M $CHANGE tokens (HRC20) and $400,000 worth of HYDRA
π¦ Uniswap: 5 M $CHANGE tokens (ERC20) and $80,000 worth of USDC
What will be the maximum slippage?
π±ChangeX app: set to 100% in-app for the first few hours, so that you are sure your orders wonβt fail! Thatβs why we recommend using the app! βοΈβοΈβοΈ
βοΈ HydraDEX: standard and max 49% in expert mode
π¦ Uniswap: in accordance with Uniswap settings
What will be the available pairs?
π±ChangeX app offers two types of pairs:
1οΈβ£ Two-directional (meaning you can both buy and sell $CHANGE)
β HYDRA
β Hydra-pegged DAI
Fee: standard fees as on the HydraDEX apply for the execution of the order.
2οΈβ£ One-directional (meaning you can only buy $CHANGE)
β BTC (native BTC network, no need to bridge the BTC to Hydra)
β ETH (native ETH network, no need to bridge the ETH to Hydra)
> How it works: When you confirm the purchase of $CHANGE with BTC or ETH, you send BTC/ETH to an address, whose keys we hold. As soon as 1 confirmation is received, we buy $CHANGE tokens via the multi-hop functionality of the HydraDEX with the same amount of wBTC and wETH you sent, and then we send the purchased $CHANGE tokens to your address in the ChangeX app. We make sure that we have enough wBTC and wETH on HYDRA so that all orders are executed smoothly. All is automated!
> Fee: Fee for the purchase of CHANGE with BTC and ETH you only need to pay the outgoing BTC/ETH transaction fee, while we will be covering everything else! No need to have HYDRA for the purchase either!
> The orders for the BTC/ETH purchases need to be for at least 50 USD equivalent and should not be for more than 10,000 USD.
βοΈDisclaimer: we need to receive at least 1 confirmation on your BTC/ETH transaction. This means that especially for BTC, it may take 10-20 minutes for your order to be initiated, which means that the price can change substantially in the meantime!
βοΈ HydraDEX: You can buy and sell $CHANGE with all tokens supported on the HydraDEX
Fee: Standard fees on the HydraDEX apply for the execution of the order.
π¦ Uniswap: You can buy and sell $CHANGE with USDC
Fee: Standard fees for the execution of the order on Uniswap.
When will be $CHANGE staking available?
$CHANGE staking will be launched together with the DEX trading at 2 pm UTC on Tuesday, July 19!
Where can you stake $CHANGE?
π±ChangeX app for iOS and Android
βοΈ HydraDEX
What do I need to be able to stake $CHANGE?
You need to buy $CHANGE tokens first and you need to have HYDRA in your wallet to pay for the transaction fees!
ππ½ For those buying $CHANGE from π¦ Uniswap, $CHANGE will be added to the ETH/HYDRA bridge on Jul 19, so that any ERC20 CHANGE can be transferred to the Hydra blockchain. Only $CHANGE on the Hydra chain can be staked!
HydraHYDRA #1118
29 Jun 2022, 07:51
Changex have announced yeaterday they have effectively raised the soft-cap and have already collected more than 60% of the entire subscription capital, and continuing to raise.
Update: Raise has now reached 70%
And this is without accounting for institutional raise.
I think this is a remarkable achievement in times with such high level of anxiety with flagman BTC and ETH being -60% and -80%.
Any residual amounts of CHANGE will be offered to tier1 eligible investors (who have committed their orders) via a private placements or may be burned which implies that there's real probability for a full commitment to take placed on the oversubscribed amount event.
This puts a very strong confidence in the HYDRA community Launchpad.
I am very excited to see them build and enhance the HYDRA ecosystem with a native fiat exchange, a native visa card as well as the powerful products that would empower staking.
This is a reminder to anyone who has enrolled and is following Changex to make sure to pay attention to the deadline for the commitment as there are less than 48 hours left.
After this the only way to obtain CHANGE would be through aftermarket.
Make sure to read >
Changex have announced yeaterday they have effectively raised the soft-cap and have already collected more than 60% of the entirChangex have announced yeaterday they have effectively raised the soft-cap and have already collected more than 60% of the entire subscription capital, and continuing to raise.
Update: Raise has now reached 70%
And this is without accounting for institutional raise.
I think this is a remarkable achievement in times with such high level of anxiety with flagman BTC and ETH being -60% and -80%.
Any residual amounts of CHANGE will be offered to tier1 eligible investors (who have committed their orders) via a private placements or may be burned which implies that there's real probability for a full commitment to take placed on the oversubscribed amount event.
This puts a very strong confidence in the HYDRA community Launchpad.
I am very excited to see them build and enhance the HYDRA ecosystem with a native fiat exchange, a native visa card as well as the powerful products that would empower staking.
This is a reminder to anyone who has enrolled and is following Changex to make sure to pay attention to the deadline for the commitment as there are less than 48 hours left.
After this the only way to obtain CHANGE would be through aftermarket.
Make sure to read >
https://t.me/hydra_project_x/7140
HydraHYDRA #1118
23 Jun 2022, 10:32
Let me share some thoughts on this topic of what makes a coin die or survive a bear market. Most of what I will be writing below is the result of careful observation of the crypto space over the past years. It is also why I am part of this project, because I personally feel comfortable and safe, knowing that this team knows how to avoid the below mistakes.
Hope this perspective helps some of you π
1) Mismanagement of Funds
In the bull-market, everything looks rosy and confidence is high. The human nature works in a way that we always extrapolate the current situation into the future. It everything goes up, humans tend to think that this will just go on forever. If everything goes down, they equally think we are going to 0. History has repeatedly shown that nothing goes up forever and nothing goes down forever. We all know this, but due to our nature of feeling most intuitively when extrapolating current trends, we tend to think "this time is different".
This is just a human nature and it takes a lot of effort and active brain work to overwrite these feelings with rationality. Especially when for months and months everything turns green. As a result of this, not only investors, but also teams rely on this comfortable new standard and they sacrifice downside protection for upside potential.
For investors, this can be in the form of going all-in, keeping no cash-reserves for daily expenses, or taking leverage.
For team members and managers, this can be spending too much on marketing, not keeping cash-reserves, scaling the team too fast relative to the cash buffer (high burn-rate) and generally being wasteful. And of course teams and projects can also take leverage in various forms.
Another costly mistake teams may do is to spend useful cash and resources to try and catch/support the price at certain levels. This can quickly deplete the reserves of a project (which it will need in the bear market) and turn into exit-liquidity.
In our case we have sufficient reserves for at least 5-6 years without having to touch any crypto. The last part is important. The team expenses are already factored into this calculation, which means that we can keep developing products and the ecosystem without having to scale down.
2) Bull-Dependent Economy
Another reason for dying projects is that many of them are fully optimized for bull-markets and are essentially "designed to die" when things turn bad. The best example is LUNA, which relied on ever more capital flowing in, just for the system to not implode.
Such projects can also be ones that heavily rely on a third-party project's success. For example infrastructure projects for an external economy, which then implodes. Other projects rely on capital from outside to keep operating, or need a strong cash-flow from within the crypto space. These can weaken up during bear times and result in the business/project to become insolvent.
In our case we are not dependent on any other projects or income generated from crypto. We were also never driven by hype or unrealistic targets. Anyone who reads through the Hydra 2.0 whitepaper will quickly notice this π
3) Bad Team Management
In bear markets, investors lose confidence in the market. They become overly pessimistic about everything (which can be a good or bad thing) and it leads to irrational decisions. For example many are selling things they are firmly believing in, just because of a momentarily emotional reaction.
The same can happen for team-members as well. When markets go down, certain team members may start to question the survival chances of the company they work for, and start looking for alternatives (out of the fear of ending up job-less). This is a natural reaction, because many projects indeed die.
If a project loses valuable team members during such a difficult cycle, it can hurt the ability to keep developing and risk a domino-effect, where other members get even more worried and jump the ship. We have seen for example Fantom recently losing key team members. I am sure there are many others.
Let me share some thoughts on this topic of what makes a coin die or survive a bear market.Let me share some thoughts on this topic of what makes a coin die or survive a bear market. Most of what I will be writing below is the result of careful observation of the crypto space over the past years. It is also why I am part of this project, because I personally feel comfortable and safe, knowing that this team knows how to avoid the below mistakes.
Hope this perspective helps some of you π
1) Mismanagement of Funds
In the bull-market, everything looks rosy and confidence is high. The human nature works in a way that we always extrapolate the current situation into the future. It everything goes up, humans tend to think that this will just go on forever. If everything goes down, they equally think we are going to 0. History has repeatedly shown that nothing goes up forever and nothing goes down forever. We all know this, but due to our nature of feeling most intuitively when extrapolating current trends, we tend to think "this time is different".
This is just a human nature and it takes a lot of effort and active brain work to overwrite these feelings with rationality. Especially when for months and months everything turns green. As a result of this, not only investors, but also teams rely on this comfortable new standard and they sacrifice downside protection for upside potential.
For investors, this can be in the form of going all-in, keeping no cash-reserves for daily expenses, or taking leverage.
For team members and managers, this can be spending too much on marketing, not keeping cash-reserves, scaling the team too fast relative to the cash buffer (high burn-rate) and generally being wasteful. And of course teams and projects can also take leverage in various forms.
Another costly mistake teams may do is to spend useful cash and resources to try and catch/support the price at certain levels. This can quickly deplete the reserves of a project (which it will need in the bear market) and turn into exit-liquidity.
In our case we have sufficient reserves for at least 5-6 years without having to touch any crypto. The last part is important. The team expenses are already factored into this calculation, which means that we can keep developing products and the ecosystem without having to scale down.
2) Bull-Dependent Economy
Another reason for dying projects is that many of them are fully optimized for bull-markets and are essentially "designed to die" when things turn bad. The best example is LUNA, which relied on ever more capital flowing in, just for the system to not implode.
Such projects can also be ones that heavily rely on a third-party project's success. For example infrastructure projects for an external economy, which then implodes. Other projects rely on capital from outside to keep operating, or need a strong cash-flow from within the crypto space. These can weaken up during bear times and result in the business/project to become insolvent.
In our case we are not dependent on any other projects or income generated from crypto. We were also never driven by hype or unrealistic targets. Anyone who reads through the Hydra 2.0 whitepaper will quickly notice this π
3) Bad Team Management
In bear markets, investors lose confidence in the market. They become overly pessimistic about everything (which can be a good or bad thing) and it leads to irrational decisions. For example many are selling things they are firmly believing in, just because of a momentarily emotional reaction.
The same can happen for team-members as well. When markets go down, certain team members may start to question the survival chances of the company they work for, and start looking for alternatives (out of the fear of ending up job-less). This is a natural reaction, because many projects indeed die.
If a project loses valuable team members during such a difficult cycle, it can hurt the ability to keep developing and risk a domino-effect, where other members get even more worried and jump the ship. We have seen for example Fantom recently losing key team members. I am sure there are many others.
HydraHYDRA #1118
16 Jun 2022, 16:31
π₯ Only 30 minutes left!
There are the last chances to place your bets :)
Only 30 minutes left. There are the last chances to place your bets :).π₯ Only 30 minutes left!
There are the last chances to place your bets :)
HydraHYDRA #1118
16 Jun 2022, 15:57
π₯ Only 1 hour and 5 minutes left!
Was the Big Bang really the start of everything, or was it just the beginning of a new era?
What would we see if we had the chance of watching it unfold? Would we observe the very laws of the universe emerging, or just existing ones re-arranging?
Probably we would need to look very closely, as at the point of singularity, where the space-time unfolds, the common laws of physics no longer apply.
Only 1 hour and 5 minutes left. Was the Big Bang really the start of everything, or was it just the beginning of a new era.π₯ Only 1 hour and 5 minutes left!
Was the Big Bang really the start of everything, or was it just the beginning of a new era?
What would we see if we had the chance of watching it unfold? Would we observe the very laws of the universe emerging, or just existing ones re-arranging?
Probably we would need to look very closely, as at the point of singularity, where the space-time unfolds, the common laws of physics no longer apply.
HydraHYDRA #1118
16 Jun 2022, 09:02
π₯ Only 8 Hours left!
Wisdom is stored in the history of our collective existence. The one who finds it, will be gifted a treasure!
Only 8 Hours left. Wisdom is stored in the history of our collective existence.π₯ Only 8 Hours left!
Wisdom is stored in the history of our collective existence. The one who finds it, will be gifted a treasure!
HydraHYDRA #1118
15 Jun 2022, 17:01
π₯ Only 1 Day left!
Did you know that there are people who study typos?
The science is clear: Typos are a by-product of smartness.
You don't believe this statement? Join us tomorrow and see for yourself!
Only 1 Day left. Did you know that there are people who study typos. The science is clear: Typos are a by-product of smartness.π₯ Only 1 Day left!
Did you know that there are people who study typos?
The science is clear: Typos are a by-product of smartness.
You don't believe this statement? Join us tomorrow and see for yourself!
HydraHYDRA #1118
15 Jun 2022, 15:53
π₯ 1 Day, 1 Hour and 10 Minutes left on the Double-Countdown!
The first hint will be revealed at the 24-hour mark. Are you ready? Hopefully you like riddles π
1 Day, 1 Hour and 10 Minutes left on the Double-Countdown. The first hint will be revealed at the 24-hour mark. Are you ready.π₯ 1 Day, 1 Hour and 10 Minutes left on the Double-Countdown!
The first hint will be revealed at the 24-hour mark. Are you ready? Hopefully you like riddles π
HydraHYDRA #1118
12 Jun 2022, 17:00
π₯ Double-Countdown Initiated for 4 Days!
Double-Countdown Initiated for 4 Days.π₯ Double-Countdown Initiated for 4 Days!
HydraHYDRA #1118
07 Jun 2022, 08:16
π HYDRA will be listed on BitMart in 3 Hours!
We are happy to share that the listing has been rescheduled for today!
Trading starts: 6/7/2022 7:00 AM (EDT)
Withdrawals start: 6/8/2022 7:00 AM (EDT)
Happy trading everyone!
HYDRA will be listed on BitMart in 3 Hours. We are happy to share that the listing has been rescheduled for today.π HYDRA will be listed on BitMart in 3 Hours!
We are happy to share that the listing has been rescheduled for today!
Trading starts: 6/7/2022 7:00 AM (EDT)
Withdrawals start: 6/8/2022 7:00 AM (EDT)
Happy trading everyone!
HydraHYDRA #1118
29 May 2022, 16:07
A reminder that there are less than just 3 days left to participate with the CHANGE tokensale!
(
After 31 May 2022, the CHANGEX tokensale doors will be closed permanently and no new subscriptions will be approved.
The nominal price of just $0.016 per CHANGE making it an extremely limited $2.4M sale which is already oversubscribed.
The team has also recently onboarded powerful members in the advisory board and the product development is going according to plans.
I have personally downloaded the beta and can say it has the looks and feels of a tier 1 product. It also feels amazing to know that the team will be working on enabling SEPA banking as well as a Visa card to that interface.
The fact that the team has already delivered a product ahead of the tokensale is a testament to the determination and motivation that are in place. It also means that CHANGEX has outgrown the ideation/whitepaper phase and is already in the rapid product prototyping phase.
For anyone who is interested, the ChangeX open beta wallet for Android is available on Google Play Store . There have been more than 34 deployments and new fixes and upgrades are launched on daily basis.
The reason why I am particularly excited about this project is because it will complement HYDRA in incredible ways. Some of the more notable features that are in the project pipeline are:
- Universal Visa Crypto Card: to spend your cryptocurrencies effortlessly. The goal is to be capable to have your funds stake while at the same to have frictionless access to those funds without interrupting the staking process
- Leveraged HYDRA staking: Aiming to reach an unprecedented 2x APR
- Fiat-to-Crypto trades and ability to convert in and out of HYDRA effortlessly with bank purchases
- SEPA banking: Supporting EUR wires
- Immersive mobile experience
- In-wallet DeFi Swaps and many more features..
Overall, if successful, these features can be vital for onboarding non-crypto audience, as well as for enhancing the experience of existing HYDRA owners.
Make sure to join their telegram for more info ->
A reminder that there are less than just 3 days left to participate with the CHANGE tokensale.A reminder that there are less than just 3 days left to participate with the CHANGE tokensale!
( https://t.me/hydra_project_x)
After 31 May 2022, the CHANGEX tokensale doors will be closed permanently and no new subscriptions will be approved.
The nominal price of just $0.016 per CHANGE making it an extremely limited $2.4M sale which is already oversubscribed.
The team has also recently onboarded powerful members in the advisory board and the product development is going according to plans.
I have personally downloaded the beta and can say it has the looks and feels of a tier 1 product. It also feels amazing to know that the team will be working on enabling SEPA banking as well as a Visa card to that interface.
The fact that the team has already delivered a product ahead of the tokensale is a testament to the determination and motivation that are in place. It also means that CHANGEX has outgrown the ideation/whitepaper phase and is already in the rapid product prototyping phase.
For anyone who is interested, the ChangeX open beta wallet for Android is available on Google Play Store . There have been more than 34 deployments and new fixes and upgrades are launched on daily basis.
The reason why I am particularly excited about this project is because it will complement HYDRA in incredible ways. Some of the more notable features that are in the project pipeline are:
- Universal Visa Crypto Card: to spend your cryptocurrencies effortlessly. The goal is to be capable to have your funds stake while at the same to have frictionless access to those funds without interrupting the staking process
- Leveraged HYDRA staking: Aiming to reach an unprecedented 2x APR
- Fiat-to-Crypto trades and ability to convert in and out of HYDRA effortlessly with bank purchases
- SEPA banking: Supporting EUR wires
- Immersive mobile experience
- In-wallet DeFi Swaps and many more features..
Overall, if successful, these features can be vital for onboarding non-crypto audience, as well as for enhancing the experience of existing HYDRA owners.
Make sure to join their telegram for more info ->
https://t.me/hydra_project_x
HydraHYDRA #1118
26 May 2022, 15:27
π« Welcoming the Event Marketplace Evedo to Hydra Chain β Migration Starts! π«
We are happy to announce that Evedo is migrating its EVED tokens from Ethereum to Hydra chain!
What is Evedo?
Evedo aims to empower the event & entertainment industries through a smart, fair, and transparent ecosystem consisting of blockchain based products. It unifies all businesses and participants involved in organizing & marketing events with the goal of helping the $850+ Billion industry evolve by connecting all parties without unnecessary middlemen.
Nikola Alexandrov, Founder of Hydra chain commented:
βEvedoβs onboarding into HYDRA is a testament for the strong utility factor in the ecosystem. It also shows the potential of how a bridge infrastructure can facilitate migration of value from other chains.β
β‘οΈ Swapping EVED Tokens is now possible!
The EVED migration process is starting as of this announcement. If you are an EVED token holder, you can now bridge over your tokens to the Hydra chain through the Hydra/Ethereum Bridge:
π Hydra Bridge
Read the full announcement below:
Welcoming the Event Marketplace Evedo to Hydra Chain β Migration Starts.π« Welcoming the Event Marketplace Evedo to Hydra Chain β Migration Starts! π«
We are happy to announce that Evedo is migrating its EVED tokens from Ethereum to Hydra chain!
What is Evedo?
Evedo aims to empower the event & entertainment industries through a smart, fair, and transparent ecosystem consisting of blockchain based products. It unifies all businesses and participants involved in organizing & marketing events with the goal of helping the $850+ Billion industry evolve by connecting all parties without unnecessary middlemen.
Nikola Alexandrov, Founder of Hydra chain commented:
βEvedoβs onboarding into HYDRA is a testament for the strong utility factor in the ecosystem. It also shows the potential of how a bridge infrastructure can facilitate migration of value from other chains.β
β‘οΈ Swapping EVED Tokens is now possible!
The EVED migration process is starting as of this announcement. If you are an EVED token holder, you can now bridge over your tokens to the Hydra chain through the Hydra/Ethereum Bridge:
π Hydra Bridge
Read the full announcement below:
https://medium.com/hydra-chain/welcoming-the-event-marketplace-evedo-to-hydra-chain-migration-starts-6efa2d8d4a61
HydraHYDRA #1118
11 May 2022, 20:46
Amid the current anxiety in markets, I want to take a moment and send this simple message to our community
In times of extreme volatility, it's normal for more emotional questions to emerge.
This is why I will try to take a step forward and make this summarized post that contains some takeaways.
Here are some things to keep in mind when it comes to HYDRA
- We pay very careful attention to the events taking place inside and outside of the HYDRA hub. In fact, to the extent possible, we are striving to always analyze both the successes as well as the failures of other peer projects, with both being equally important and equally valuable for our continuous learning experience
- HYDRA stands on very solid ground. With node counts consistently being in the 800-1000 and 750+ validators that have produced more than one block, HYDRA's permissionless infrastructure network has the capacity to compete with tier 1 projects
- HYDRA has the tools to not only exist but also continue to grow both in bullish as well as bearish markets. In fact, we do have reasons to believe that based on post-distribution data, HYDRA has managed to outperform a majority of alts in recent conditions (even the majority of flagman alts).
- HYDRA is financially secured as a decentralized organization and can sustain extreme market conditions without issues
- The DAO of HYDRA has a substantial scale to HYDRA market cap, which will enable all of us, as a community to make important decisions with proper financing
- HYDRA is growing into a hub of its own. With 4 strong and professional product-oriented projects (Evedo, GoMT, Changex and LockTrip) as well as multiple community-built projects, a DEX a proprietary Bridge, and liquidity in the form of BTC, ETH and DAI already part of this hub, these projects and assets are already creating a network effect within the hub. Despite the scale of the ecosystem being still relatively smaller and younger to others, the quality of projects being built as well as the level of community is outstanding. Because of this, HYDRA is already being noticed by other projects and we are confident in the future trajectory of the hub.
- The pipeline of DeFI and Protocol-related projects and ideas has never been stronger. Many of the concepts being worked on are not communicated in order to be consistent with our policy of revealing things in a relatively mature state.
- Our team is optimistic about the future and we couldn't be more excited to continue learning, experimenting, and building in our ecosystem. With unique tools that we previously didn't have, we feel like the potential of the project is reaching an inflection point.
- HYDRA is Ecologically sustainable and leaves a minimal carbon footprint. A factor that is important not only from a human perspective but also increasingly important from an investment perspective
- HYDRA's design adds to a philosophy rooted in Bitcoin and Ethereum. One that effectively deals with the blockchain trilemma: Decentralization, Scalability, and Security in a balanced way, for an optimum outcome. In fact, we tend to believe that we add Economy as a 4th component to the mix as it is equally important for the sustainable outcome of the system.
Thank you once again for your trust and keep calm.
Don't forget to take care of yourself both mentally and physically in times of high stress.
HYDRA is strong and so is its community
Amid the current anxiety in markets, I want to take a moment and send this simple message to our community.Amid the current anxiety in markets, I want to take a moment and send this simple message to our community
In times of extreme volatility, it's normal for more emotional questions to emerge.
This is why I will try to take a step forward and make this summarized post that contains some takeaways.
Here are some things to keep in mind when it comes to HYDRA
- We pay very careful attention to the events taking place inside and outside of the HYDRA hub. In fact, to the extent possible, we are striving to always analyze both the successes as well as the failures of other peer projects, with both being equally important and equally valuable for our continuous learning experience
- HYDRA stands on very solid ground. With node counts consistently being in the 800-1000 and 750+ validators that have produced more than one block, HYDRA's permissionless infrastructure network has the capacity to compete with tier 1 projects
- HYDRA has the tools to not only exist but also continue to grow both in bullish as well as bearish markets. In fact, we do have reasons to believe that based on post-distribution data, HYDRA has managed to outperform a majority of alts in recent conditions (even the majority of flagman alts).
- HYDRA is financially secured as a decentralized organization and can sustain extreme market conditions without issues
- The DAO of HYDRA has a substantial scale to HYDRA market cap, which will enable all of us, as a community to make important decisions with proper financing
- HYDRA is growing into a hub of its own. With 4 strong and professional product-oriented projects (Evedo, GoMT, Changex and LockTrip) as well as multiple community-built projects, a DEX a proprietary Bridge, and liquidity in the form of BTC, ETH and DAI already part of this hub, these projects and assets are already creating a network effect within the hub. Despite the scale of the ecosystem being still relatively smaller and younger to others, the quality of projects being built as well as the level of community is outstanding. Because of this, HYDRA is already being noticed by other projects and we are confident in the future trajectory of the hub.
- The pipeline of DeFI and Protocol-related projects and ideas has never been stronger. Many of the concepts being worked on are not communicated in order to be consistent with our policy of revealing things in a relatively mature state.
- Our team is optimistic about the future and we couldn't be more excited to continue learning, experimenting, and building in our ecosystem. With unique tools that we previously didn't have, we feel like the potential of the project is reaching an inflection point.
- HYDRA is Ecologically sustainable and leaves a minimal carbon footprint. A factor that is important not only from a human perspective but also increasingly important from an investment perspective
- HYDRA's design adds to a philosophy rooted in Bitcoin and Ethereum. One that effectively deals with the blockchain trilemma: Decentralization, Scalability, and Security in a balanced way, for an optimum outcome. In fact, we tend to believe that we add Economy as a 4th component to the mix as it is equally important for the sustainable outcome of the system.
Thank you once again for your trust and keep calm.
Don't forget to take care of yourself both mentally and physically in times of high stress.
HYDRA is strong and so is its community
HydraHYDRA #1118
10 May 2022, 14:01
πΉ Hydra DEX Launches Multi-Hop Swapping Functionality
We are happy to announce that the Hydra DEX just got a major addition to its feature set: multi-hop swapping
Until now, swaps were only possible between direct pool pairs. With the latest deployment, users can now swap directly between any two assets available on the Hydra DEX, regardless of how many pools are involved. The interface will automatically suggest you the most efficient route once you enter your desired swap.
Read more details below:
Hydra DEX Launches Multi-Hop Swapping Functionality.πΉ Hydra DEX Launches Multi-Hop Swapping Functionality
We are happy to announce that the Hydra DEX just got a major addition to its feature set: multi-hop swapping
Until now, swaps were only possible between direct pool pairs. With the latest deployment, users can now swap directly between any two assets available on the Hydra DEX, regardless of how many pools are involved. The interface will automatically suggest you the most efficient route once you enter your desired swap.
Read more details below:
https://medium.com/hydra-chain/hydra-dex-launches-multi-hop-swapping-functionality-85850c4d16bf
HydraHYDRA #1118
09 May 2022, 12:59
π£ The Hydra Announcement Channel goes Live!
This was a much-requested item by the community and today we are happy to share that the announcement channel is live. Through it, we will be posting updates and news about the Hydra chain ecosystem as soon as they happen. Make sure to subscribe to the channel, so that you will be among the first to get notified of latest developments.
π @Hydrachain_News
The Hydra Announcement Channel goes Live.π£ The Hydra Announcement Channel goes Live!
This was a much-requested item by the community and today we are happy to share that the announcement channel is live. Through it, we will be posting updates and news about the Hydra chain ecosystem as soon as they happen. Make sure to subscribe to the channel, so that you will be among the first to get notified of latest developments.
π @Hydrachain_News
HydraHYDRA #1118
22 Apr 2022, 14:12
New Mobile App Version (1.0.3) Released
β> Fixed issue where token amounts were shown incorrectly on certain devices
β> Fixed issue where maximum token amount that can be sent was limited by the HYDRA amount
β> Stability improvements
β> Other small fixes
πΆ Google Play Store
πΆ Apple App Store
New Mobile App Version (1. 3) Released. β> Fixed issue where token amounts were shown incorrectly on certain devices.New Mobile App Version (1.0.3) Released
β> Fixed issue where token amounts were shown incorrectly on certain devices
β> Fixed issue where maximum token amount that can be sent was limited by the HYDRA amount
β> Stability improvements
β> Other small fixes
πΆ Google Play Store
https://play.google.com/store/apps/details?id=com.hydrachain.hydrawallet
πΆ Apple App Store
https://apps.apple.com/in/app/hydra-chain-mobile-wallet/id1592256011
HydraHYDRA #1118
18 Apr 2022, 02:48
β
Quick guide for joining the liquidity mining campaign
1. Get the desktop Hydra Chrome extension wallet. The mobile wallet is not supported yet. (https://chrome.google.com/webstore/detail/hydrawallet/polcbnennmbhbdoafiicjgccofalcncl)
2. There are three eligible pairs: HYDRA/BTC, HYDRA/ETH and HYDRA/DAI. You need to add an equal dollar amount of both assets at The assets need to be in your Hydra Chrome extension wallet. You need to log-in to the extension wallet and open the corresponding wallet to access it on the dex. Do not use a staking wallet address in the extension wallet β it wonβt work. You must send your HYDRA from your staking address to a new address in your extension wallet.
3. If you donβt have any HYDRA, you can buy some at kucoin.com. If you donβt have any wrapped BTC, ETH or DAI on Hydra Chain, you can buy some with HYDRA using https://hydradex.org, or you can bridge some WBTC, ETH or DAI from the Ethereum blockchain using (Step 4).
4. To use https://bridge.hydrachain.org, you need the Hydra Chrome extension wallet with HYDRA in it and Metamask with either WBTC, ETH or DAI in it (these can be bought on exchanges such as Uniswap etc.). If you need help using the bridge, check the article below or ask a question in here. Once you have successfully bridged your Ethereum asset to Hydra Chain, you can use it to add liquidity at
5. Snapshots will be taken at random times, on average once every 3 days. Your share of the LM rewards will be calculated based on the share of the pool tokens you own (named HYD). The rewards and APR will be visible on a public Google Sheet, with each pool having its own sheet. Snapshots will be taken automatically by the sheet based on the block hashes, similar to how it worked with the airdrop snapshots, making the process highly transparent. Payments will be made in HYDRA, to your HYDRA address.
The APR will depend on the total liquidity provided by the community. It will update regularly on the sheet. Each snapshot is worth 500 HYDRA per pool. Your share of the reward will depend on your share of the pool.
Before you consider adding liquidity, we recommend reading up on the concept of impermanent loss, in order to better understand the risks involved with liquidity mining.
Quick guide for joining the liquidity mining campaign. Get the desktop Hydra Chrome extension wallet.β
Quick guide for joining the liquidity mining campaign
1. Get the desktop Hydra Chrome extension wallet. The mobile wallet is not supported yet. (https://chrome.google.com/webstore/detail/hydrawallet/polcbnennmbhbdoafiicjgccofalcncl)
2. There are three eligible pairs: HYDRA/BTC, HYDRA/ETH and HYDRA/DAI. You need to add an equal dollar amount of both assets at https://hydradex.org/#/pool. The assets need to be in your Hydra Chrome extension wallet. You need to log-in to the extension wallet and open the corresponding wallet to access it on the dex. Do not use a staking wallet address in the extension wallet β it wonβt work. You must send your HYDRA from your staking address to a new address in your extension wallet.
3. If you donβt have any HYDRA, you can buy some at kucoin.com. If you donβt have any wrapped BTC, ETH or DAI on Hydra Chain, you can buy some with HYDRA using https://hydradex.org, or you can bridge some WBTC, ETH or DAI from the Ethereum blockchain using https://bridge.hydrachain.org (Step 4).
4. To use https://bridge.hydrachain.org, you need the Hydra Chrome extension wallet with HYDRA in it and Metamask with either WBTC, ETH or DAI in it (these can be bought on exchanges such as Uniswap etc.). If you need help using the bridge, check the article below or ask a question in here. Once you have successfully bridged your Ethereum asset to Hydra Chain, you can use it to add liquidity at https://hydradex.org/#/pool.
https://medium.com/hydra-chain/hydra-bridge-goes-live-d76c84799b51
5. Snapshots will be taken at random times, on average once every 3 days. Your share of the LM rewards will be calculated based on the share of the pool tokens you own (named HYD). The rewards and APR will be visible on a public Google Sheet, with each pool having its own sheet. Snapshots will be taken automatically by the sheet based on the block hashes, similar to how it worked with the airdrop snapshots, making the process highly transparent. Payments will be made in HYDRA, to your HYDRA address.
The APR will depend on the total liquidity provided by the community. It will update regularly on the sheet. Each snapshot is worth 500 HYDRA per pool. Your share of the reward will depend on your share of the pool.
Before you consider adding liquidity, we recommend reading up on the concept of impermanent loss, in order to better understand the risks involved with liquidity mining.
HydraHYDRA #1118
15 Apr 2022, 19:42
βοΈ Congratulations to all the winners of the guessing game! βοΈ
@alessandro15180
Teff
@pupcb
@planetoid2001
@Mshocair
@Jamesaiaiak
@Ahsaleh84
@jopberkhout
Danny
@realluk
@SeriousChrisX
@ehmeister
@MrNovart
@Khalid_666666
@Japster007
@Swissjim
Thomas
@DeineMutterihmseinVater
Please share your Hydra wallet address as a reply to this post π Each winner will receive a reward of 1.39 HYDRA (distribution on Tuesday)
οΈ Congratulations to all the winners of the guessing game. @alessandro15180. @pupcb. @planetoid2001. @Mshocair. @Jamesaiaiak.βοΈ Congratulations to all the winners of the guessing game! βοΈ
@alessandro15180
Teff
@pupcb
@planetoid2001
@Mshocair
@Jamesaiaiak
@Ahsaleh84
@jopberkhout
Danny
@realluk
@SeriousChrisX
@ehmeister
@MrNovart
@Khalid_666666
@Japster007
@Swissjim
Thomas
@DeineMutterihmseinVater
Please share your Hydra wallet address as a reply to this post π Each winner will receive a reward of 1.39 HYDRA (distribution on Tuesday)
HydraHYDRA #1118
12 Apr 2022, 16:00
Hydra Bridge Goes LIVE !
HYDRA becomes interoperable with Ethereum through a key infrastructure cross-chain bridge.
Read the full story ->
β
4 Security Audits Completed
β
DAI, WBTC and ETH already entered the ecosystem with 3 new DEX Pairs
β
$1.5M Liquidity Mining Trial Campaign!
β
Less than 20 other projects in the world with cross-chain Bridge Technology
The first mainnet cross-chain swaps have been confirmed!
You can now access the application through the link below (Desktop only for now):π
For the first time in the history of Hydra, external assets will be available for native trading and usage within the ecosystem. So far the on-chain activity was mostly limited to HYDRA, LOC & GOMT (excluding few smaller projects among the community).
This will now change, as virtually any token available on Ethereum will be able to move to Hydra with the ease of a few clicks.
This sets an important fundament for various planned DeFi features coming to Hydra chain. A perfect example is the "leveraged staking" feature currently in development by ChangeX, which is holding an ICO as we speak ($2.4M cap was oversubsribed in the first month).
The development of vital components such as a decentralized lending protocol is only one of many applications that are now possible, thanks to the bridge.
BTC, ETH & DAI are now on Hydra Chain!
The first assets bridged over from Ethereum to Hydra chain are Bitcoin, Ethereum and the DAI stablecoin. Anyone can select them in the bridge interface and move their funds over as they wish.
ETH Contract= ab9e970de9ba9ec2c64a7f7f911da44b750ecf6a (Decimals 18)
DAI Contract= abc2cd00700e06922bcf30fe0ad648507113cc56 (Decimals 18)
WBTC Contract = 27a459ac47204f1e7fc5c48ffeafa990af244e13 (Decimals 8)
Three new Listings on the Hydra DEX!
As soon as the new assets arrived, they were immediately put to good use. Our team deployed the liquidity pools for :
HYDRA/BTC, HYDRA/ETH and HYDRA/DAI
A Pivotal Liquidity Mining Campaign Launches with 15,000 HYDRA Monthly Budget ($1.5M Trial Fund relative to current HYDRA price)
Now that the bridge is live, it is time to launch the first trial phase of the Liquidity Mining campaigns - the tentative start day is April 18!
The LM campaign will consist of a total reward pool at the size of 15,000 HYDRA per month. When measured against the massive DAO fund reserve (https://explorer.hydrachain.org/address/HSgusTFKSRphA9nmqeFrWESGCkDiQY9tb6), this translates to just 0.33% of the total fund.
A clear sign of the potent economics of HYDRA that comes as a result of the active community governance that voted to store the excess of the distribution phase for the community DAO fund.
The trial budget will be split equally among the three newly launched pools (BTC, ETH & DAI). Snapshots will be taken at random times, on average once every 3 days. Your share of the LM rewards will be calculated based on the share of the pool tokens you own (named HYD).
HYDRA once again challenges the top performers
List of other known projects with operating bridges and their market caps
Ethereum $364 Billion
BSC $69 Billion
Solana $34 Billion
Terra $29.70 Billion
Avalanche $20 Billion
Near $10 Billion
Polygon $9.70 Billion
Ronin / Axie $3.60 Billion
Fantom $2.93 Billion
Tezos $2.70 Billion
Harmony $1.42 Billion
Huobi $1.40 Billion
Celo $1.38 Billion
Oasis $0.80 Billion
HYDRA $0.1 Billion
Average market cap across non-ethereum bridge projects sample is $15 Billion, which makes HYDRA 150 times less inflated relative to market cap
Hydra Bridge Goes LIVE . HYDRA becomes interoperable with Ethereum through a key infrastructure cross-chain bridge.Hydra Bridge Goes LIVE !
HYDRA becomes interoperable with Ethereum through a key infrastructure cross-chain bridge.
Read the full story -> https://medium.com/hydra-chain/hydra-bridge-goes-live-d76c84799b51
β
4 Security Audits Completed
β
DAI, WBTC and ETH already entered the ecosystem with 3 new DEX Pairs
β
$1.5M Liquidity Mining Trial Campaign!
β
Less than 20 other projects in the world with cross-chain Bridge Technology
The first mainnet cross-chain swaps have been confirmed!
You can now access the application through the link below (Desktop only for now):π https://bridge.hydrachain.org
For the first time in the history of Hydra, external assets will be available for native trading and usage within the ecosystem. So far the on-chain activity was mostly limited to HYDRA, LOC & GOMT (excluding few smaller projects among the community).
This will now change, as virtually any token available on Ethereum will be able to move to Hydra with the ease of a few clicks.
This sets an important fundament for various planned DeFi features coming to Hydra chain. A perfect example is the "leveraged staking" feature currently in development by ChangeX, which is holding an ICO as we speak ($2.4M cap was oversubsribed in the first month).
The development of vital components such as a decentralized lending protocol is only one of many applications that are now possible, thanks to the bridge.
BTC, ETH & DAI are now on Hydra Chain!
The first assets bridged over from Ethereum to Hydra chain are Bitcoin, Ethereum and the DAI stablecoin. Anyone can select them in the bridge interface and move their funds over as they wish.
ETH Contract= ab9e970de9ba9ec2c64a7f7f911da44b750ecf6a (Decimals 18)
DAI Contract= abc2cd00700e06922bcf30fe0ad648507113cc56 (Decimals 18)
WBTC Contract = 27a459ac47204f1e7fc5c48ffeafa990af244e13 (Decimals 8)
Three new Listings on the Hydra DEX!
As soon as the new assets arrived, they were immediately put to good use. Our team deployed the liquidity pools for :
HYDRA/BTC, HYDRA/ETH and HYDRA/DAI
A Pivotal Liquidity Mining Campaign Launches with 15,000 HYDRA Monthly Budget ($1.5M Trial Fund relative to current HYDRA price)
Now that the bridge is live, it is time to launch the first trial phase of the Liquidity Mining campaigns - the tentative start day is April 18!
The LM campaign will consist of a total reward pool at the size of 15,000 HYDRA per month. When measured against the massive DAO fund reserve (https://explorer.hydrachain.org/address/HSgusTFKSRphA9nmqeFrWESGCkDiQY9tb6), this translates to just 0.33% of the total fund.
A clear sign of the potent economics of HYDRA that comes as a result of the active community governance that voted to store the excess of the distribution phase for the community DAO fund.
The trial budget will be split equally among the three newly launched pools (BTC, ETH & DAI). Snapshots will be taken at random times, on average once every 3 days. Your share of the LM rewards will be calculated based on the share of the pool tokens you own (named HYD).
HYDRA once again challenges the top performers
List of other known projects with operating bridges and their market caps
Ethereum $364 Billion
BSC $69 Billion
Solana $34 Billion
Terra $29.70 Billion
Avalanche $20 Billion
Near $10 Billion
Polygon $9.70 Billion
Ronin / Axie $3.60 Billion
Fantom $2.93 Billion
Tezos $2.70 Billion
Harmony $1.42 Billion
Huobi $1.40 Billion
Celo $1.38 Billion
Oasis $0.80 Billion
HYDRA $0.1 Billion
Average market cap across non-ethereum bridge projects sample is $15 Billion, which makes HYDRA 150 times less inflated relative to market cap
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