Rebuild the traditional finance with transparency, control, and accessibility
The future of DeFi is multichain
Decentralised finance (DeFi) has strongly shaped the crypto market. Just a year ago, the assets managed by DeFi protocols were around one billion US dollars; meanwhile, the Total Value Locked has increased 60-fold.
Defi with Hydra
After initial teething troubles, the DeFi market has become the growth building block in the crypto space through innovative financial products combined with passive income sources, and is only just hinting at its potential in the process.
By bridge-building between the Hydra- ledger and Ethereum blockchain, the Hydra-Token is ported to a blockchain where smart contracts govern decentralised exchanges. A liquidity mining programme will incentivise the provision of liquidity.
Providing liquidity is important to ensure that trading happens without problems. The introduction of SSI and additional reward mechanisms create demand for the token.
Creating passive revenue streams is one thing, but Hydra's main goal remains to distribute a technology to counter centralisation. With DeFi, we are now broadening and enabling access to Hydra and the Hydraledger technology via the Etherium blockchain.
We call this Hydranomics...
Since our native Hydraledger Blockchain does not support smart contracts. Therefore, to achieve our goal of creating effective DeFi systems for your better crypto-financial experience, we’d need a Hydra token that supports smart contract infrastructure.
To this effect, we plan to develop a way through which our users can exchange their current Hydra (HYD) for the smart contract supporting token, Wrapped Hydra (WHYD).
To achieve that we plan to:
and secure smart contracts infrastructures.
Support the constructed smart contracts...
by creating a bridge between Hydraledger and a Block-chain to effectively use it in DeFi systems.
Move the resulting wHYD Hydra token...
on Ethereum and list it on the decentralized exchanges.
With your investment...
gather enough user funds to manage by a smart contract against which users can swap their tokens in a decentralized exchange.
on the necessity of putting their capital inside the liquidity pool by levying a fee on each trade and distributing this fee over all the liquidity providers.
Increase the demands...
for the token by creating SSI, DID solutions, and other reward mechanisms for trading. To avoid a low trading volume, you need to invest more. The more you invest, the more generous a liquidity mining program is made available and the more that ensures that trading occurs without problems. It’s a self-fulfilling cycle of bliss.