Difference between revisions of "Hydra DEX"
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Hydra DEX | [https://hydradex.org/#/swap '''Hydra DEX'''] is the native decentralized exchange of Hydra chain, where various assets can be traded against each other through the setup of liquidity pools. Yielding trading fees to liquidity providers and Liquidity Mining Rewards. You can bridge over funds from the Ethereum Blockchain onto the Hydra Chain via the [https://bridge.hydrachain.org/eth Hydra Bridge] and you can earn [https://medium.com/hydra-chain/hydra-dex-campaign-goes-live-with-500-apy-425fb4c661c3 Liquidity Mining rewards] with up to 100%+ APY in addition to the regular 0.3% Liquidity Provider Rewards | ||
== Liquidity Mining Campaign == | |||
A budget of $1.5M is reserved for a 5,000 HYDRA monthly reward pool for each of the pairs below: | |||
HYDRA/DAI | |||
HYDRA/ETH | |||
HYDRA/BTC | |||
Therefore, the campaign consists 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] on [[Hydra Chain]], this translates to just 0.33% of the total fund. | |||
There is no end date to this campaign at the moment and is currently LIVE! | |||
A complete description of the Hydra DEX Campaign is available on [https://medium.com/hydra-chain/hydra-dex-campaign-goes-live-with-500-apy-425fb4c661c3 '''this Medium Article'''] | |||
There are guides to bridge over your funds from the Ethereum Blockchain; please see the section “How to swap your funds” [https://medium.com/hydra-chain/hydra-bridge-goes-live-d76c84799b51 '''in this Medium article''']. | |||
[[Hydra Chain]] is one of only 20 Chains in the world that has an operational Bridge to [[Ethereum]] | |||
[[Category:DEX]] | |||
Latest revision as of 20:59, 9 August 2022
Hydra DEX is the native decentralized exchange of Hydra chain, where various assets can be traded against each other through the setup of liquidity pools. Yielding trading fees to liquidity providers and Liquidity Mining Rewards. You can bridge over funds from the Ethereum Blockchain onto the Hydra Chain via the Hydra Bridge and you can earn Liquidity Mining rewards with up to 100%+ APY in addition to the regular 0.3% Liquidity Provider Rewards
Liquidity Mining Campaign
A budget of $1.5M is reserved for a 5,000 HYDRA monthly reward pool for each of the pairs below:
HYDRA/DAI
HYDRA/ETH
HYDRA/BTC
Therefore, the campaign consists of a total reward pool at the size of 15,000 HYDRA per month. When measured against the massive DAO fund reserve [1] on Hydra Chain, this translates to just 0.33% of the total fund.
There is no end date to this campaign at the moment and is currently LIVE!
A complete description of the Hydra DEX Campaign is available on this Medium Article
There are guides to bridge over your funds from the Ethereum Blockchain; please see the section “How to swap your funds” in this Medium article.
Hydra Chain is one of only 20 Chains in the world that has an operational Bridge to Ethereum