HydraDX (HDX)

HydraDX offers a solution enabling the gathering of assets into a shared liquidity pool. The solution was created to communicate with other networks, and Ethereum-based assets are liquid on HydraDX. The open and permissionless protocol is governed by its liquidity providers, users, and validators.

HydraDX was developed as a parachain in the Polkadot network. The cross-chain liquidity protocol is built on Substrate. HydraDX is a base layer for different financial use cases, like exchanging assets. The native token of HydraDX is HDX. The token will be utilized for governance, staking, and others.

HDX can be used to reduce the trading fee cost and to stake (PoS), and HDX holders will get a minimized over-collateralization ratio. HDX can be earned by the provision of liquidity since it is rewarded with HDX. It can be bought on HydraDX mainnet, and users can stake HDX and receive more or support the ecosystem by participating in bounties and being paid from treasury.