what's hydration?
Hydration is a leading DeFi protocol on Polkadot, serving as an appchain that integrates swaps, lending, borrowing, and its native stablecoin HOLLAR to provide efficient liquidity and yield opportunities. Its core innovation is the Omnipool, a single-pool AMM design that enables trading multiple assets with deep liquidity and low slippage, outperforming traditional multi-pool DEXes. The platform also features a Money Market for decentralized borrowing and supplying assets like DOT, USDT, USDC, and WBTC, allowing users to earn interest and leverage positions. Hydration targets Polkadot's ecosystem by unifying fragmented liquidity, supporting yield farming with governance-approved incentives from the Polkadot Treasury, and fostering cross-chain interoperability via bridges like Snowbridge. With over $500M TVL, it positions itself as Polkadot's premier DeFi hub, backed by significant treasury allocations exceeding $14M for liquidity bootstrapping.
Coinbase enables direct USDC deposits/withdrawals on Polkadot for low-cost DeFi.
Co-founder and CTO departed from the project in January 2026 after 6 years of involvement.
Promoted internal developer to Head of Engineering role, taking on increased ownership and leadership responsibilities.
Next runtime upgrade will implement a major security improvement described as impossible almost anywhere else.
Coinbase enables direct USDC deposits and withdrawals on Polkadot, with the platform recommended for low-cost USDC DeFi transfers.
Treasury contains tokenized gold from Paxos as a reserve asset.
A whale holds a looped position of 1 million DOT with a critically low health factor of 1.01, placing the position at extreme liquidation risk.
Selling pressure on token comes from VCs and retail liquidating portfolios to recover losses from failed investments and exchanges like FTX and BlockFi, with HDX being one of few remaining liquid assets.
Integrates RWA with Decentral, launches cross-chain capabilities, and offers card payment product with bill repayment rewards and BTC prizes.
The community adopts Hollar stablecoin for service provider payments instead of native HDX token.
The project was acquired.
Hydration announces perpetuals trading feature at Sub0 conference in Buenos Aires.
Native DCA feature allows users to dollar-cost-average while lending yield-bearing stablecoins including sUSDe, SUSD, USDT, and USDC.
First cohort of DeFi Builders Program announced with Hydration hosting Thursday introduction session for projects building on Polkadot.
Protocol undergoes deliberate stress testing by a decentralized finance committee over a 1-month period including weekends to test resilience.
Lending DOT generates 30% organic yield, with an additional 10% available through hedging strategies on external platforms.
Users engaging in looping strategies face liquidation risk within a day or faster, requiring immediate position management.
Market cap-to-revenue ratio stands at 26.4x, placing HDX at #8 position in comparative analysis of top 10 DeFi protocols.
Achieves 10.6% 7-day growth in active loans, securing 2nd place ranking among leading lending protocols.
Token reaches all-time high (ATH) despite FUD from Aerodrome protocol.
Platform to be featured in Base App at $12M market cap, with growing volume and TVL metrics.
Partnership announced with luke_franks for educational content about the project.
Treasury strength enables launch of new markets featuring EURC stablecoin, XAUT tokenized gold, jitoSOL, GigaSOL, and ENA token.
Major partnerships established with Base, Uniswap, and Chainlink while maintaining thick liquidity and no VC funding structure with current market cap assessed at $5-10M range.
Platform ranks 2nd among fastest growing lending protocols with 8.7% weekly growth in active loans and is approaching $500 million milestone.
User reports SOL yields have dropped to around 10% on the platform.
HOLLAR public testnet launches next week following successful internal testing.
Trader reports $37k earnings over 4 months through combined governance incentives and yield farming strategies on Polkadot ecosystem.
New stablecoin product 'HOLLAR' teased while tBTC yield increases to 22% APY.
Yield opportunities expand with 15% stablecoin APY alongside increased BTC yields of ~20%.
DOT/vDOT liquidity reaches ATH with 3.5M+ tokens in pool
TVL increases $40M+ in 20 days, driven by Lending, Omnipool and Treasury growth
Governance vote underway to increase tBTC pool emissions beyond current 18% APY.
BTC incentivized pool shows active usage with 18% APY, marking significant turnaround from previous zero activity, while new SOL pool implementation is under consideration.
Institutional investors back project development with strategic support.
TVL surpasses $290M on DeFi appchain, marking significant growth milestone.
ETH dominates protocol activity with 72% TVL daily volume while BTC shows zero usage despite incentives.
ETH farming pool reaches maximum capacity after filling 700 ETH in 3 days.
New gigaETH incentivized LP offers 30% APY yield opportunities on Base network
Bitcoin deposits now earn 33% APY with expanded pool capacity for 90 more BTC
2M DOT ($6.5M) liquidity incentives program launches today, driving tBTC pool APY to 83%
BTC pool approaches capacity limit with 4 BTC remaining space while offering 11% yield rates.
Hydration implements new tri-weekly liquidity mining program with multi-token rewards including tBTC incentives.
Powers live betting infrastructure for major CS:GO esports events through Nova Wallet integration, achieving seamless end-user experience without visible crypto interface.
USDC/USDT borrow cap reached while deposit capability remains open, indicating high demand for stablecoin pools.
tBTC positions to receive enhanced incentives from upcoming 2M DOT liquidity program, with launch expected within two weeks.
New proposal seeks 501,000 DOT allocation to build Bitcoin Strategic Reserve via DCA, adding tBTC liquidity to Omnipool through Threshold Network bridge.
Treasury allocates 2M DOT for liquidity incentives as TVL increases 4x in past two months. Stablecoin pools offer 17% yield.
New subsidiary v_labs launches to accelerate CEX, custody, and on/off ramp integrations, establishing itself as the third most significant organization in the ecosystem after W3F and Parity.
Users report significant friction in bridging assets out of platform, with complex wallet requirements and unclear bridge processes creating adoption barriers.
Governance proposal approval jumps to >80% as multiple large holders flip to support, up from previous 52-53%.
Active governance proposal seeks 5M DOT tokens for liquidity incentives and CEX stablecoin integration, with major wallet holder shifting vote to support passing at 50%+.
Block times reduced from 12 to 6 seconds through Polkadot's Async Backing, enabling faster trades and liquidity operations with reduced slippage.
Native stablecoin farming currently offers 20%+ APR through KAITO rewards to Hydration to GDOT conversion mechanism.
Platform currently offers tBTC yield farming and USDT/USDC borrowing with 3-4% APY, featuring automated trade splitting for reduced slippage and quick, low-fee cross-chain transfers.
Active yield farming opportunities available through gigaDOT looping and incentivized USDT/USDC stable pool.
TVL exceeds $160M with 20%+ APR on stablecoins, featuring one-click swaps.
New Turtle v3 protocol enables cross-chain swaps across all Polkadot parachains.
USDC/USDT stable pool offers >20% APY through LP yields and incentives, with rising TVL over past two weeks.
Native Polkadot DEX experiences TVL surge through stDOT integration and cross-chain liquidity programs.
USDT/USDC pool currently offers 22% APY, with new proposal coming to maintain high yields on Polkadot.
Platform adds LINK and SKY tokens, expanding tradable assets to over 200.
Proposal incoming to increase GigaDOT liquidity incentives for yield farmers.
USDT-USDC yield pool offers 22% APY on Polkadot ecosystem.
Hydration liquidity pool fills within 48 hours; APY rates lower than most alternatives except pure vDOT.
Initial cap of $8.24M reached in 36 hours, showing strong market demand for DOT liquid staking solutions.
New DeFi token launches combining DOT staking, lending, and yield incentives into single asset with multiple revenue streams.
New DeFi token GIGADOT combines staking, lending, and treasury rewards for DOT holders through single-token solution.
Emergency governance proposal initiated to increase capacity following successful launch. Planned 8M DOT deposit pending.
New DeFi platform launches on Hydration Network with Polkadot and Bifrost integrations, enabling advanced DOT strategies.
New DOT-based asset launches with 60.8M vDOT initial liquidity, featuring lending/borrowing capabilities and liquidity mining rewards.
DeFi protocol on Polkadot with Omnipool. Total supply reduced from 10B to 6.5B HDX, with 2.6B in circulation. Offers staking rewards and referral program. Supports EVM wallets.
Launch of Hydration Borrow feature announced, built on AAVE v3 technology with features including EVM and Substrate wallet support, real-time Oracle updates, and protocol-captured MEV profits.
Launched DeFi borrowing platform on Polkadot with AAVE v3 mechanics, featuring over-collateralized borrowing and on-chain prioritized liquidations.
Website update mentioned with new features.
Fees at 2x ATH with active users up 50% since October.