HydraDX Opens An HRMP Channel With Subsocial, SUB Transfers In 2 Weeks!
TL;DR: SUB tokens will become transferable at 1PM UTC on Wednesday, November 29th. Tokens will be able to be transferred between Subsocial and HydraDX onSub.ID or via Hydra’s cross-chain page.
A HRMP channel between Subsocial and HydraDX has been successfully opened, allowing tokens to be transferred between the two Polkadot parachains!
Transfers will be enabled for SUB tokens at 1PM UTC on Wednesday, November 29th. With Sub.ID, users will be able to transfer tokens between accounts on Subsocial, and between Subsocial and HydraDX. Tokens can also be transferred via HydraDX’s cross-chain page. The various ecosystem wallets such as Talisman, SubWallet, and Nova Wallet will be adding in-wallet transfer support as well, though there may be a slight delay. The transfer UI will be available on Sub.ID as soon as transfers are enabled.
Staking
Transfers have not been immediately enabled in order to ensure that there is enough time to unstake (for anyone that wants to) before transfers are enabled. For those wishing to unstake, please remember it will take 7 days, and you will not earn any staking rewards during this time. Staking and unstaking can be done from the Creator Staking dashboard.
About HydraDX
HydraDX is a next-gen DeFi protocol which is designed to bring an ocean of liquidity to Polkadot. Their tool for the job is the HydraDX Omnipool — an innovative Automated Market Maker (AMM) which unlocks unparalleled efficiencies by combining all assets in a single trading pool. Besides more efficient trading, the Omnipool design enables single-sided LPing. Visit the HydraDX website to find out more.
Content Lead at Subsocial, ChaosDAO Co-Founder
Subsocial is an open platform that allows for the integration of user-friendly Web3 social features into existing applications, or the creation of brand new socially-powered apps from the ground up. In fact, Subsocial's innovative UX solutions make using Web3 so simple, even your grandma can use it!
By providing all of the native features required for creating decentralized social experiences, Subsocial allows developers to focus on building apps, not on re-inventing the wheel, and helps them stand out from the competition by delivering a user-centric social experience.
To learn more about Subsocial and the future of social networking, check out our links:
Website | Twitter | Discord | Telegram | GitHub | Documentation
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