Quick guide for joining the liquidity mining campaign. Get the desktop Hydra Chrome extension wallet.

18 Apr 2022, 02:48

✅ 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 – it won’t work. You must send your HYDRA from your staking address to a new address in your extension wallet. 3. If you don’t have any HYDRA, you can buy some at kucoin.com. If you don’t 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.

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HydraHYDRA #1118

18 Apr 2022, 15:27

🔥 Hydra DEX Campaign Goes LIVE with 500% APY! In accordance with the previous announcement, we are happy to share that the Hydra Liquidity Mining Campaign goes live today. Rules of the Campaign 🔹 Rewards will be calculated based on your amount of pool tokens (HYD) at certain snapshots 🔹 The first snapshot will be made with the block #349,300 (Wednesday) 🔹 Following that, every 2,000 blocks (~3 days) a new epoch will start with a budget of 500 HYDRA per pool 🔹 Every epoch will have exactly 1 snapshot, at a random block number 🔹 The block at which the snapshot happens will be determined by the hash of the final block of each epoch (following the logic of the airdrop snapshot system). Therefore it won’t be possible to know the snapshot block in advance. 🔹 The APY is capped at 500% to ensure a more sustainable campaign 🔹 Reward distribution will be made on a monthly basis Read the full announcement below:

Hydra DEX Campaign Goes LIVE with 500% APY.