HydraDX (HDX)

HydraDX is built as a parachain – specialized blockchain in the Polkadot network. It is benefiting from shared security, speed and flexibility of the Substrate framework while remaining optimized for a single purpose: enabling fluid programmable value exchange.

HydraDX is a cross-chain liquidity protocol built on Substrate of the Polkadot ecosystem. In investors Web3 Foundation, Hypersphere Ventures, KR1,Tenzor, CMS, DFG.

Omnipool

HydraDX omnipool has two basic features - protocol and liquidity provider. The main idea is to have a basic asset (HDX), which is created and held by the protocol. This asset will represent 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.

HDX tokens remain in the pool until purchased by merchants. The HDX can be exchanged for other tokens inside the pool and can be freely traded outside the protocol.

In omnipool, different assets can be valued for each other because they are valued against the marketable underlying asset (HDX). This allows the HDX to act as a price oracle, which significantly reduces liquidity spread.

As you can see, this approach in itself solves the slippage, because we have one big pool here, so even large orders do not necessarily mean that the price will start to shift significantly.

Other interesting features of HydraDX

In addition to the unique omnipool solution, HydraDX adds a lot of other features that bring significant improvements over existing protocols - so here are a few.

Order book

Hydra will have an order book connected to the AMM pool via oracle - for both markert orders and limit orders, as well as browsing the entire order book for better trading decisions. In the future, it can also be scaled through off-chain workers.

Transaction fees

Transaction fees will be payable in any currency, not just HDX.

Dollar Cost Averaging

DCA is a technique that is especially recommended for beginning investors - do not try to catch the bottom, but regularly buy your favorite token, regardless of its current price. HydraDX automates this process, so it will be enough to hold a stable coin.