Full support to our Hydra frens proposals ! 🗳
Full support 🫶🏼 to HydraDX which has recently submitted 2 proposals to Polkadot OpenGov!
These proposals are aiming to attract new liquidity to the Polkadot ecosystem and boost its major assets 🌊
Voting phase is now open on Polkassembly 🗳
1/ Polkadot Hydration: Treasury LP 🏛
https://polkadot.subsquare.io/referenda/560
2/ Polkadot Hydration: Liquidity Incentives💧
https://polkadot.subsquare.io/referenda/561
| Asset(s) | Target TVL | Target APR (DOT) | DOT Incentives Cost | Target APR (HDX) | Combined APR |
|---|---|---|---|---|---|
| USDT/ USDC 2-Pool | $28,000,000 | 10.0% | 330,091 | 5.0% | 15.0% |
| iBTC/ WBTC 2-Pool | $5,500,000 | 15.0% | 97,259 | 5.0% | 20.0% |
| DOT | $8,000,000 | 19.0% | 179,192 | 7.0% | 26.0% |
| vDOT | $6,250,000 | 7.0% | 51,577 | 5.5% | 12.50% |
| CFG | $2,750,000 | 20.0% | 64,839 | 5.5% | 25.5% |
| ASTR | $2,750,000 | 20.0% | 64,839 | 5.5% | 25.5% |
| GLMR | $2,750,000 | 20.0% | 64,839 | 5.5% | 25.5% |
| INTR | $1,250,000 | 20.0% | 29,472 | 5.5% | 25.5% |
| BNC | $1,250,000 | 20.0% | 29,472 | 5.5% | 25.5% |
| PHA | $750,000 | 20.0% | 17,683 | 5.5% | 25.5% |
| ZTG | $500,000 | 20.0% | 11,789 | 5.5% | 25.5% |
| CRU | $1,250,000 | 20.0% | 29,472 | 5.5% | 25.5% |
| KILT | $1,250,000 | 20.0% | 29,472 | 5.5% | 25.5% |
| Total | $62,250,000 | 1,000,000 |
An example of how rewards can be distributed over 12 months, based on $8.49 DOT and $0.026 HDX EMA30 prices.
Learn more about their global liquidity strategy. ⤵️
Bifrost Community Lead
Bifrost is the Polkadot Ecological DeFi basic protocol. It is committed to becoming an infrastructure for pledged assets to provide liquidity. It has launched a derivative vToken for Staking and Polkadot Parachain Slot (PLO). It has obtained $2.15M in fund-raising from NGC, SNZ, DFG, CMS and other institutions and Web3 Foundation Grants. It is also a member of Substrate Builders Program and Web3 Bootcamp.
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