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HydraDX (HDX)

HydraDX (HDX)

HydraDX is a basilisk - cross-chain liquidity protocol on Kusama founded by Mattia Gagliardi.

HydraDX is built as a parachain – specialized blockchain in the Polkadot network.

HydraDX omnipool offers a protocol and a liquidity provider. HDX is created and held by the protocol, and represents 50% of the initial value of the liquidity fund. Another 50% of the initial value is provided by liquidity providers in various assets. The 1: 1 ratio is maintained algorithmically; with the addition or removal of assets, native tokens continue to be generated or burned accordingly.

Timeline

2021
HydraDX raises a $1,500,000 seed round from AU21 Capital, CMS Holdings, Digital Finance Group, Hypersphere Ventures, KR1, Tenzor Capital and Zee Prime Capital.

Funding rounds

Patents

Further reading

Title
Author
Link
Type
Date

Archive - HydraDX's Newsletter

HydraDX

Web

January 14, 2022

HydraDX & Basilisk AMA (Eng)

HydraDX

Web

September 22, 2021

Documentaries, videos and podcasts

Title
Date
Link

Exchange: order matching

October 3, 2021

HydraDX & Basilisk meetup 29.9.2021 Lisbon

October 3, 2021

HydraDX Omnipool (part 2)

January 28, 2022

Intro | HydraDX Docs

References

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