Hydration TVL is up another $40M+ in just 20 days.
Definitely the leading DeFi appchain in the @Polkadot ecosystem.
Lending, Omnipool and Treasury were the largest drivers for the increase.
Are you paying attention anon?
DeFi Summer is hitting @Polkadot and @hydration_net is leading it.
Hydration combines swaps (286 tradeable assets), lending, a decentralized stablecoin & more under the roof of one scalable, Polkadot-based appchain, and has surpassed $291M in TVL, driven by:
- >$133m in supply assets on its lending market
- >$87M assets deposited in Stablepool deposits
- >$66M deposited in Omnipool
- >$30M in protocol treasury
- >$20M in staked assets
Activity metrics are also improving with:
- $344M in trading volume in past 30d
- $182M in cross-chain volume in past 30d
- Almost $10M in volume in the past 24h
- >$37M in outstanding loans
- >42k active accounts
Some interesting features of Hydration's DeFi hub are:
- Pay gas in any supported asset
- Multi-million DOT liquidity incentives live
- Simple UX that allows for simple trade splitting
- Automation features for trading
- Allows for single-sided LPing
- Built-in OTC desk: place order & let others fill
- Supports LBPs for token launches
- GIGADOT and GIGAETH for yield maximization
- HOLLAR: over-collateralized stablecoin (coming soon)
- Protocol owned liquidity (treasury)
- In-app cross-chain functionality
- Onchain governance mechanism
- +++
Highly recommended to check out if you're looking to get into Polkadot. Plays a very crucial role as the central liquidity hub in this multi-chain ecosystem.
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