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Interchain info © 2024

Hydro Protocol Review by Stakewolle

Hydro Protocol Review by Stakewolle

BY StakewolleAug 3 · 1 min read

Today, we will look at Hydro Finance, the ultimate platform for staked assets on the Injective Network. Hydro is set to be the first native LSD protocol on the Injective.
This strategic positioning empowers the Liquid Staking Token (LST) to become an Injective standard. Additionally, Hydro has planned the next stage of Injective’s LSD growth strategy – Real-Yield Aggregator.
This feature promises to enhance Hydro’s capability to manage staked assets efficiently.

Hydro Protocol aims to launch by September 2023 with core features:

  • LSD
  • Farming
  • Auto-Compounding These features maximize the benefits of staked assets on the Injective Network.

The governance & utility token on Hydro Protocol is $HDRO. With a max supply of 1 billion, it’s designed to benefit holders & stakers. Value accrual mechanisms have been implemented to buyback HDRO & distribute to holders. 

Hydro Protocol is a significant step in the evolution of the DeFi landscape. Keep an eye out for updates. The future of staked assets is here!

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