The Rise

of decentralized exchanges (e.g. Uniswap, Bancor, 0x, …)

is part of a larger paradigm shift of removing power from large centralized corporations. Decentralized exchanges facilitate the exchange of digital assets in a non-custodial, trustless manner. This perfectly fits the vision of Hydra, which is why we decided to make our token available through the largest decentralized exchange, namely Uniswap.

Uniswap is an automated market maker, where users can swap a token with another one against a large liquidity pool. Liquidity Providers are individuals that lock their liquidity (in the form of two tokens) in the pool. As a reward, they distribute a 0.3% fee on all trades amongst themselves.

To incentivize liquidity

we created a program that additionally rewards users for putting their liquidity to good use. During the course of a year, 50 000 000 Hydra (25% of the project’s holdings) will be awarded to the community!

These will be divided into a WHYD/DAI liquidity pool and a WHYD/ETH liquidity pool. To become eligible for the rewards you need to stake your LP Tokens. The following guide will walk you through the different steps:

Once your transaction is confirmed, your rewards will automatically start to accrue. The rewards will be split into two. Half of it will be part of the long-term rewards which can be claimed after a year. The other half can be claimed at any time. If you’re interested in the elegant mathematics behind the staking algorithms, take a look here (Accrued Funding

The technical documentation and the smart contract codes can be found here:

Here's what you can do with your WHYD rewards: