๐ก Did you know?
Subscan now supports Gov V2 for both @hydration_net and @bsx_finance including interactive Origin Distribution charts.
You can now click on origins like Treasury, Root, or GeneralAdmin to instantly filter proposals by source.
Perfect for governance watchers ๐
๐น https://t.co/50oof86wru
๐น https://t.co/deqOGJnam1
Releases of Hub & JAM are exciting, but they will attract easier way more builders, users and capital if they can lean on powerful vertically integrated Hydrated DeFi stack and tap into its quickly accelerating hundreds of millions and eventually billions of $ onchain liquidity from the day 1.
Builders, their users and investors prefer buzzing place full of energy and resources everytime.
Blockchain world as 1 of the purest represantation of (hyper) capitalism (with everything good and bad coming with it) is all about network effects and race for resources.
You might heard that not the best technology always win, unfortunately.
Our proposal is explosive catalyst highly improving chances for success of Hub, JAM and broader ecosystem benefiting from more liquidity, revenues and wealth effect which never came, unfortunately, but was essential for success of Ethereum and Solana. After such boosts their ecosystems are only snowballing more integrations, builders, users, liquidity and overall momentum with which will be increasingly higher to catch up. Or you can keep status quo and hope for luck. Win of Hub and JAM is not given or guaranteed however amazing, innovative and cool they are. If I knew about better solution we would propose something different. Proposal of similar size was on table already in late 2022 / early 2023 and we recognized as bigger need to improve and secure necessary integrations for ecosystem first, bc w/o them such proposal couldnโt even work. Thats why Velocity Labs was created. Thanks to this incredibly useful company and other table stakes delivered in meantime, liquidity can finally flow, but there are still other chalenges. As you could see (or maybe didnโt realize) we didnโt run away, didnโt exit scam, didnโt give up but double or even triple down, punching way above our weight and did way better than anyone, even ourselves, would expected.
All despite pretty small team and very modest resources available for the last 2y, while saving tens of millions in cash for Treasury and hundreds of millions from DOT market cap thx to DCA only possible with @hydration_net. But,
Time is running.
The Polkadot Treasury just added ~$30 MILLION in TVL to Hydration in a single Valhalla candle ๐
After successful execution of Polkadot referendum #1501, over 8M DOT were swapped to aDOT for the purpose of DCAing to stablecoins
Hydration well and truly over $100 MILLION TVL๐ฆ
Referendum #56 to prep GIGADOT on @hydration_net reaches 22% support. This is probably highest gov participation in all crypto history and a testament of synergic effect of incentivized voting & @Polkadot OpenGov models. It keeps voters vigilant, community active & chain safe.
BREAKING NEWS: Hydration will be launching 2 new tokens
gigaDOT - DOT on steroids which combines yield from vDOT, aDOT, and incentives; Can be borrowed against
HOLLAR - a decentralised, overcollateralised stablecoin that is native to Hydration and Polkadot
Soon
@PolkadotLeader @hydration_net Wabkebab puts an equal sign between rewarding and paying, which is not the case with voting on
@hydration_net
. The reward is more akin to shortening your vesting lock, so an ability to do what you please with the staking rewards sooner.