News from the HYDRA Coin Development team on March 29, 2022
The Network enters its Growth Stage
Today we concluded the very last arrangements for the HYDRA distribution.
✅ Phased out the seed nodes ✅ Deployed Treasury pool ✅ The excess funds have been transferred to the DAO liquidity fund
The conclusion of the distribution is a major milestone as it marks the beginning of the next chapter. Looking at what we’ve accomplished in a period of just one year, makes us very confident about the future.
HYDRA begins its race with a powerful arsenal of unique tools that make it packed with strong fundamentals. These tools and features are the results of the outcome of relentless strategic planning, engineering, execution, and community support.
What we’ve achieved so far together
✅ Robust infrastructure — With nodes count capable of competing with Tier 1 Chains
✅ The DAO project is already in the pipeline — Intended to unlock the control of key self-governance and community funding programs. Programs that will intend to strengthen engineering, marketing, liquidity, DeFi, and most importantly the independence of the network. With potential grant programs for strategic DeFi, SDK, and Marketing projects, the goal is to unlock multi-team potential that transcends beyond the scope of the resources that we are utilizing at the moment
✅ $40M DAO Liquidity Fund Reserve — The DAO liquidity fund reaching 4,483,909 HYDRA equivalent to an excess of $40,000,000 in idle capital for onboarding liquidity and empowering the community DAO is a notable milestone on its own.
What is important is that the fund also acts as a powerful war chest. In addition, there is a pending deployment of a protocol upgrade that will perpetually add a steady income to the pool, allowing the DAO to operate sustainably. This makes HYDRA hard to compete in terms of planned capital for expansion. Especially when measured relative to its market cap of less than $100M, this makes a 40% reserve capital for future investments in various programs.
✅ DeFI Infrastructure and Peripheral Apps — we are consistent with the DeFI plan that is set to mature in 2022. By building the needed tools for what will be a comprehensive economic system
And a few things that we’ve just completed — Surprise!
✅ HYDRA Liquidity Supercharge — Following our commitment to strengthen the network, we have been working on a master plan for exchanges and liquidity strengthening which comes as a supercharging component to the entire project. As a result, we are happy to announce to you that we have just finalized and deployed a massive boost on HYDRA’s liquidity.
As of this moment, HYDRA is a top 40 asset according to instant liquidity on Kucoin, capable of competing with Tier 1 projects. This is a very important step because higher liquidity generally acts as a health metric for any project. An important metric evaluated by institutional and high-profile investors, and also a critical component of the evaluation process of Tier 1 exchanges (liquidity and volumes).
Not to mention reducing volatility and improving the trading experience with lower slippage and narrower spreads. As of this moment, HYDRA has a liquidity-to-market-cap ratio that outperforms even most of the flagman instruments. What’s important is that this ratio comes as a locked geometry and plays an invariable role in price dynamics when sustained effectively (across all price levels).
By locking it at a very healthy ratio, this marks a strong pathway for the future of the project.
In the screenshots below, you will see the before/after situation for the Kucoin HYDRA/USDT trading pair.
Before (left) | After (right)
As can be seen, the liquidity depth increased considerably (by factor of x10), meaning that much bigger players (including institutional investors) can now participate in the Hydra ecosystem, without having to worry about slippage.
✅ Single-Sided Liquidity DeFi Project Programming — Coding has been completed, and initial functional tests from the engineering team have passed. We are now moving onward to the functional tests of our QA team together with the scaffolding and building of the web-app UI. Once the UI is deployed and assuming all QA checks are good, we will be engaging with security auditing companies for the final step of the development lifecycle which is related to the deployment of the beta. While the ETA for beta launch remains mid 2022, the important thing is the concept passed a critical validation point.
The great fundamentals and strong development cycle give us enough resources and tools to compete with the biggest projects. I am extremely grateful for the trust of everyone who is a member of this community. Where we sit right now, is a testament to the fruition of the decisions we made together with you. By reflecting on HYDRA consistently being in the top 500 instruments on a global scale, with hundreds of projects entering the race on daily basis, it is safe to say that this is a great start.
The conclusion of the Airdrop distribution also comes as a strengthening factor to the project, with more members looking at the long-term value and vision. This also comes as a powerful confidence signal, as it completely denounces the concerns of an impending contraction, where some members were expecting we’d see an outflow of the community.
As of right now, the entire project is fully decentralized. Seed nodes are completely disengaged and due to technical migration, the company is not participating in staking (hence a slight bump in the APR to also celebrate the event).
While we remain more committed and motivated than ever to push forward, one of the biggest goals is to allow the project to outgrow us as a founding team and to dwarf our contribution with new achievements and new milestones that would be unlocked in the future. Achievements facilitated by the growing community’s collective pool of talent and human capital.
Thank you once again and let’s continue pushing forward together!
HYDRA is a proof-of-stake blockchain optimized for real-world businesses. It tackles some of the most profound and challenging issues with existing blockchain economies and introduces a truly shared economy with fair treatment to all network participants. Some of the more notable features:
🔥 100% Burn of all Transaction Fees
💎 50% Royalty on Gas for Smart Contract Creators →More Info
Crypto Coin Prices and News 
