Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Polkadot Allocates $14.4 Million to Power DeFi with Hydration
TRADING NEWS

Polkadot Allocates $14.4 Million to Power DeFi with Hydration

By Crypto FlexsJune 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Polkadot Allocates .4 Million to Power DeFi with Hydration
Share
Facebook Twitter LinkedIn Pinterest Email

Gibraltar, Gibraltar, 10 June 2024, Chainwire

Hydration, Polkadot’s leading DeFi project, is pleased to announce that it has received 2 million DOT tokens (equivalent to $14.4 million) from the Polkadot Treasury. The funds have been earmarked to strengthen the liquidity and trading efficiency of Omnipool, Hydration’s one-way liquidity provision platform.

There are two allocations of DOT tokens: 1 million DOT will be spent over a year to attract new liquidity to the Polkadot ecosystem, with initial rewards to liquidity providers (LPs) exceeding 200% APY. Thanks to Hydration Omnopool’s single-sided LP design, users begin receiving rewards after contributing a single asset and joining an incentive farm, and a variety of assets are offered as incentives, including native stablecoins, DOT, BTC, and several ecosystem coins.

The remaining 1 million DOTs will be injected directly into the Hydration Omnipool itself, with the goal of supporting the creation of a robust and accessible base liquidity layer to benefit the broader Polkadot 2.0 ecosystem over time (Treasury Proposal #730). The capital adds to the existing 690,000+ DOTs (and 560,000+ vDOTs) already registered as LPs with Hydration Omnipool.

Jakub Gregus, co-founder of Hydration, said: “This generous allocation from the Polkadot Treasury is a pivotal moment for Hydration. This welcome injection of liquidity allows us to significantly deepen our liquidity, which is essential not only for growth but also for the continued health of the entire Polkadot ecosystem.

“Hydration Omnipool is designed to provide unparalleled efficiency and accessibility for trading cryptocurrency assets, and this support from Polkadot Treasury is a testament to the potential impact of our forward-thinking approach.”

Offered in a decentralized and uncensored manner, funds provided to the Hydration Omnipool remain under the control of Polkadot Protocol and OpenGov.

This strategic initiative is expected to bring significant advancements in the way liquidity is provided and managed within the Polkadot ecosystem, setting a new standard for liquidity solutions on shared blockchain networks.

About hydration

Hydration is Polkadot’s primary liquidity protocol. Its mission is to make DeFi efficient, simple, and unstoppable. To achieve this, Hydration integrates swaps, lending, and stablecoin currencies under the roof of a single, scalable app chain. Offering single-sided LPing, automated trading (DCA), and limit orders, Hydration provides the most efficient liquidity venue on Polkadot.

contact

Ecosystem Lead
I am M.
galaxy limited
(email protected)


Share this article

category

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Solana’s 2024 – Can SOL lead the altcoin season this summer?

May 17, 2024

Dogecoin is poised for a price rebound as cryptocurrency whales accumulate DOGE, according to analysts.

December 29, 2024

Uniswap launches ‘uni.eth’ subdomain using ENS infrastructure

February 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.