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Curating, publishing & supporting Web3 development. Bringing you Parachain updates. Join us: https://twitter.com/dotparachains
How to Earn on the Hydration Platform: The Second Wave of Farming is Here!
Hello, friends! Today I’m excited to share some great news from the Hydration platform—the launch of the second wave of farming incentives. This is a fantastic opportunity to increase your earnings, and I’ll break down exactly how it works and the current rates you can take advantage of.
1. What is the Second Wave of Farming?
Hydration has just launched the second wave of liquidity farming incentives for participants in Omnipool. If you missed the first wave or want to reinvest your assets, now is the perfect time to get involved. This new wave brings changes to the reward distribution, allowing you to earn even more on the most successful pools.
Key Changes in the Second Wave:
• Increased rewards for assets such as ASTR, GLMR, and PHA.
• Decreased rewards for less successful assets like CFG, INTR, and KILT, to improve farming efficiency for all participants.
2. Current Pool Rates
Here are the current farming rates for the second wave:
• 2-Pool (USDT/USDC): 22.27%
• ASTR: 45%
• GLMR: 41.84%
• PHA: 66.22%
• CFG: 33.31%
• INTR: 26.83%
• BNC: 29.5%
• KILT: 25.6%
As you can see, assets like PHA and ASTR offer especially high returns, which is great considering the current market conditions. This is a fantastic opportunity to invest in assets that are yielding strong returns during the second wave of farming.
3. How Do Rates Change Over Time?
It’s important to note that as more participants join the pool and more liquidity is added, the rates may decrease. This is a normal process—rates start high but gradually decrease as liquidity grows. If you’re planning to join, it’s better to do so in the early stages of the second wave to maximize your rewards.
4. How to Start Farming in the Second Wave
For those looking to take part in this new farming wave, it’s easy to get started:
1. Sign up on the Hydration platform and fund your wallet using the cross-chain bridge.
2. Add liquidity to the pool of your choice (for example, 2-Pool USDT/USDC or ASTR).
3. Activate farming and start earning based on your chosen pool.
Don’t forget about the yield curve! The longer you hold your assets in the pool, the higher your returns will be. Initially, the percentage might be lower, but it increases over time.
5. Earn More Passively: Hydration’s Referral Program
In addition to farming, Hydration offers an excellent opportunity to boost your earnings through the referral program. The referral system allows you to earn cashback not only on your own trades but also on trades made by your referrals.
Here’s how it works:
• You can get up to 13% cashback on every trade made on the platform.
• Use your referral link and invite friends to earn even more.
The referral program is a great way to increase your earnings, even if you’re not ready to invest large amounts.
Use our link - https://hydration.net/HYDRAOG
6. Additional Updates in the Second Wave
In the coming days, two new farms will be launched: vASTR and MYTH/DOT, providing even more opportunities for participants in the second wave. Stay tuned so you don’t miss out on these pools!
In conclusion, the second wave of farming on the Hydration platform offers participants a chance to earn high returns and manage their assets effectively. If you want to take advantage of farming, the referral program, and the upcoming new farms, now is the perfect time to join the platform.
🚀 Attention all Sub0 Speakers! 🚀
Are you ready for an incredible experience in Thailand? 🌍
We’re inviting all developers and tech professionals in the Substrate ecosystem to take part in a special contest for a chance to attend Sub0 2024 in Thailand! 🇹🇭 This amazing opportunity is open to you too! Don't miss the chance to join us and be a part of the most exciting Substrate event of the year.
All the info you need can be found here: https://forum.polkadot.network/t/sponsorship-for-sub0-thailand-2024/10093?u=dbpatty
See you in Thailand! 🌐 #SubstrateDev #Sub0Thailand #Web3 #Polkadot
Hardware for Cyberpunks 2025 🤖
This fall, we're focusing on the 'Hardware for Cryptopunks' initiative. Membership activation will be available starting from the first day of the Devcon conference in Bangkok this year!
We’re thrilled to introduce the first lineup of devices from our project team, blending web3 infrastructure with the power of
@AIRA_Robonomics
software solutions.
These innovations are designed for the modern cyberpunk, those who value autonomy, privacy, and the open-source spirit. Here’s what’s coming your way:
✨Altruist Civil Station
Become part of a decentralized network of open hardware sensors, built without relying on cloud technologies. Become a source of environmental data—such as noise, dust, and temperature—with your community and neighbors.
Starting price: $95
✨RISC-V Smart Home Server
The most open-source smart home server based on RISC-V, which is a single board computer with a Web3 cloud under the hood, instead of the centralized Amazon servers.
Starting price: $275
✨Hikikomori Tamagotchi
Your smart home assistant that you'll enjoy taking care of, even when you're out of the house.
Starting price: $75
✨Personal Bank
A secure safe that can only be opened through a transaction that meets the conditions of a smart contract.
Price to be announced in Q1 2025.
Summary
The Altruist Civil Station and RISC-V smart home server will be available for order by the end of 2024.
The Hikikomori Tamagotchi will be available in Q1 2025, and the Personal Bank in Q2 2025.
Did we spark your interest?
We invite everyone to participate in creating a community of engineers capable of supporting the next revolution, the economy of robots. A collective initiative that embodies the spirit of Network States!🦸♂️
#DePIN #web3 #Robonomics $XRT
Onchain governance goes to a new level. Introducing Krievo via KSM Collective
KSM Collective is an experimental on-chain organization on the Krievo parachain in Kusama
Virto App - https://preview.virto.app
Learn more about KSM Collective
An introduction to Krievo via KSM collective
DecentPartners/krievo" rel="nofollow">https://hackmd.io/@DecentPartners/krievo
https://x.com/vladylimes/status/1834877546099253319?s=46
Читать полностью…
The first round of farming on the Polkadot Hydration platform has been extended for another two weeks. Users still have the opportunity to add liquidity and earn yields ranging from 10% to 77% APR.
How to Join
Participating is incredibly simple with Hydration’s innovative single-sided liquidity provision system. Users can earn rewards by providing liquidity for just one asset, such as DOT, vDOT, USDT, USDC, GLMR, ASTR, PHA, and others. No more need to provide a pair of assets.
On the Hydration platform, you can also pay transaction fees using any asset, and bridging liquidity from Ethereum is seamless.
To get started, follow this referral link. Using this link will not only grant you access but also provide you with additional rewards through the referral program.
The second round of Polkadot Hydration farming is expected to launch in approximately two weeks. Follow updates to stay informed about the launch.
Discussions on the 2nd Batch of Polkadot Hydration Campaign Incentives Continue
The ongoing discussions about the second batch of Polkadot Hydration Campaign Incentives have sparked a lively debate within the community. Key issues revolve around redistributing incentives to high-liquidity assets like ASTR and DOT, while the necessity of supporting Bifrost tokens raises questions.
ZTG, with low liquidity on centralized exchanges, has become a focal point. Some argue for reducing its incentives, while others believe Omnipool liquidity is crucial for its price stability.
The discussion also touches on assets like iBTC, where price distortion has led to calls for reduced incentives. While some users see the MYTH/DOT pool as strategically important, they recommend limiting its rewards due to sufficient liquidity.
Highlights from the comments:
1. @7KAT…UuAc: Supports reallocating incentives to high-liquidity assets but expresses doubts about increasing support for Bifrost tokens. They argue that ZTG does not need special treatment as it already has the lowest incentives.
2. @Giraffe: Adds that large sales of ZTG by investors could create risks for Omnipool, but without its liquidity, ZTG’s price could drop even further. Suggests reallocating incentives to more effective assets.
3. @7N8U…r2sb: Asks for clarification on why ZTG needs special treatment and suggests increasing incentives to attract buyers. Notes that team members adding liquidity is not a negative factor.
4. @spazcoin: Calls for reduced incentives for iBTC due to price distortion and supports additional incentives for MYTH/DOT, though with minimal rewards.
These discussions highlight the complexity of balancing risk and liquidity in DeFi ecosystems, where incentive structures must evolve to reflect the shifting dynamics of liquidity and asset performance.
Take part in the discussion and find out more at the link.
https://hydration.subsquare.io/posts/207
https://x.com/hydration_net
🌞 Sparkfest Summer With MultiMedia NFTs is Here! Join Our Campaign and Ignite Your NFT Journey! 🌟
Get ready to dive into the latest innovations in the NFT space with our four-week Sparkfest Summer campaign! Whether you’re a creator, developer, or NFT enthusiast, this is your chance to learn, mint, and interact with NFTs in groundbreaking ways while climbing the Zealy leaderboard and earning exciting rewards!
📌 Campaign Overview:
• Duration: 4 Weeks of Non-Stop NFT Action
• Rewards pool: $1000 in $DOT
We are now starting the 1st week of the campaign: Warm and Sunny ☀️
Learn more about basic concepts of NFTs, solve fun quizzes, mint your first MultiMedia NFTs on 💙 Unique Network and more!
🔗 Join Sparkfest Summer
For more information, check out our blog and stay up to date with all things Unique Network!
🔗 Read More in Blog
Introducing Xode 🎮
Xode a new gaming parachain in the Polkadot ecosystem, where the future of gaming meets blockchain.
Xode is the Philippines' first homegrown blockchain, with the team actively contributing to the Web3 industry in the Philippines as well as across Southeast Asia
Learn more in our latest video 🚀
“Hydration: Working on Protocol Enhancements and Launching New Features”
In recent weeks, the Hydration team has been actively working on enhancing their protocol and implementing new features. One of the main tasks is launching the Yield DCA function, HOLLAR, expanding the list of assets available for trading, and improving Omnipool’s performance. The project was also recently recognized by the official Polkadot Twitter account, affirming its leadership in the ecosystem.
1. Work on Yield DCA Launch:
• One of the most active developments is the Yield DCA function, which will use assets such as sUSDe from Ethena Labs and sDAI from MakerDAO.
• Hydration CEO Jakub Gregus noted that these assets will not only be part of the treasury but also important non-inflationary sources of income for users, allowing them to safely accumulate BTC and ETH.
• “If enough people and capital participate, it could positively impact the entire market,” added Jakub Gregus.
You can read the publication at the link.
2. Addition of New Asset NCTR:
• NCTR has become an asset available for trading on Hydration, joining over 60 other assets on the platform.
• NCTR is used by the Apillon platform, which provides access to Web3 services related to Polkadot parachains.
• It’s important to note that NCTR has not been added to Omnipool but uses Hydration’s unique functionality, allowing tokens to be pulled through the Asset Hub, providing flexibility and new opportunities for users.
You can read the publication at the link.
3. Launch of vASTR:
• vASTR, the liquid staking form of ASTR from Astar Network, is now available for trading on Hydration.
• Users can easily exchange vASTR for over 60 other assets.
• vASTR has become the second liquid staking token added to Omnipool, and additional use cases are expected in the future.
You can read the publication at the link.
4. Record TVL in Omnipool:
• Omnipool’s TVL (Total Value Locked) on Hydration has reached an all-time high, tripling over the past few months.
• Omnipool combines all assets into a single pool, allowing users to deposit just one asset and earn income while significantly increasing operational efficiency.
• Users can make large trades with ease thanks to this functionality.
You can read the publication at the link.
5. Recognition from Polkadot:
• The official Polkadot Twitter account dedicated a post to the Hydration project, highlighting its mission and key achievements.
• This recognition underscores Hydration’s leadership among exchange applications in the Polkadot ecosystem.
• You can read the publication at the link.
Hydration continues to actively develop and improve its protocol by implementing new features such as Yield DCA and expanding the list of supported assets. The record TVL in Omnipool and recognition from Polkadot confirm the success of these efforts.
https://forum.polkadot.network/t/proposal-for-adjusting-polkadots-inflation-system-reducing-issuance-and-complexity/9157/40?u=alexpromoteam
Love and support needed ♥️
Polkadot: Unleashing Superior Tech for Millions - It's Time to Deliver
Polkadot Decoded has concluded, and it's time to share the outstanding talks from the conference of the year! We're kicking off our publications with Unique Network, featuring Alexander Mitrovich.
He'll discuss Polkadot NFTs, how they differ from other ecosystems, and their functionality and flexibility!
Watch the full video 🔗
https://www.youtube.com/live/DcVCrDhiH-Y?si=eAIqp9-AmBtf-ono&t=13464
🐬 DOTphin is making waves at Polkadot Decoded 2024! 🐬
We’re thrilled to announce our collaboration with the Sovereign Nature Initiative (SNI) and WalletConnect to bring Dynamic NFTs to Polkadot, supporting ecological conservation and driving positive environmental change 🌳
🔗 Read the Press Release here:
https://nftnewstoday.com/2024/07/09/dotphin-dynamic-nft-project-for-biodiversity-restoration
This collaboration introduces dynamic DOTphin NFTs, enhancing event engagement that evolves over time with future events/conferences.
🎫 Claiming your exclusive badge:
Starting July 11th, you can claim your exclusive Proof of Attendance Badge! 🗓 Keep a close eye out on SNI’s and Unique’s social media for reminders and updates ❗️
To claim your badge:
👋 Attend Polkadot Decoded in person or virtually
🎫 Claim your badge here: https://sovereignnature.com/dotphin
📢 Share on social media!
👀 Intrigued to learn more? Catch the official announcement post here ➡️ https://x.com/Unique_NFTchain/status/1810699432490332434
Come and say hi! 👋
If you’re at Polkadot Decoded, come and hang out at the SNI and Unique booths on the 12th of July, and claim your first DOTphin NFT!
We look forward to seeing you there!
Epic Fight! Join!
- 936 : polkadot.polkassembly.io/referenda/936
- 937 : polkadot.polkassembly.io/referenda/937
Fight secured by Polkadot
I’m sure many of you don’t know what’s happening in the Polkadot community right now, but the main thing you need to know is this: the rich are getting richer, and big whales are creating corrupt structures to make millions on useless schemes. We can’t watch this any longer. It’s time to show them that there are many of us, and we can stand against them!
https://x.com/PromoTeamPD/status/1808392396255768788
Hello Uniques 🧍
We are excited to announce that Unique Network will be hosting a community call on the 3rd of October.
📅 Date: 3rd October,
🕐 Time: 1 PM UTC
📍 Venue: https://x.com/i/spaces/1LyxBgbZqypKN
The last ten minutes of the event will be dedicated to a ❔Q&A session.
If there are any questions or topics you would like us to address, please submit them using the provided form:
👉 Leave your questions to Unique Network's team here 👈
We look forward to speaking with all of you soon. Thank you!
Hello Robonomics v3.0.0!🤖
We’re excited to announce the release of Robonomics v3.0.0,
a major update marking our official launch on Polkadot!
Built on the stable Polkadot SDK 1.0 , this version brings enhanced stability and security to our ecosystem.
We’ve updated the launch parameters for the Robonomics node.
From now on, you need to specify the target chain when starting your node.
Use --chain kusama for the Kusama relay chain and --chain polkadot for the Polkadot relay-based parachain.
Example:
robonomics --chain polkadot
robonomics --chain kusama
Key updates include:
- Support for both Kusama and Polkadot relay chains.
- Updated launch parameters for streamlined node deployment.
- Improved runtime and build specs.
https://github.com/airalab/robonomics/releases/tag/v3.0.0
Sponsorship for Sub0 Thailand 2024 - Apply NOW!
Do you want to build on Polkadot and take advantage of its powerful tools?
- The #Sub0 event in #Bangkok, #Thailand, is the perfect opportunity for you to join a community of builders and learn more about the benefits of using the #PolkadotSDK .
- The event will take place during DevCon 9-11 November , 2024, Bangkok ,Thailand and we are inviting 30 builders from around the world to join us. If you are interested in attending, please apply now!
At Sub0, you will have the chance to network with other builders, learn about the latest developments in blockchain technology and #Web3, and share your own ideas for building on Polkadot.
Come join us and make your mark on the future of decentralized web!
- Proposal:
https://polkadot.polkassembly.io/referenda/1176
- Forum:
https://forum.polkadot.network/t/sponsorship-for-sub0-thailand-2024/10093
We are excited to welcome all the builders in Thailand! We look forward to meeting new faces and players!
https://x.com/vladylimes/status/1837091508165464302
Читать полностью…
Hydration Revises Asset Weights in Omnipool to Optimize Liquidity
Significant changes are planned within the Hydration ecosystem: Proposal #210 has been published on the Subsquare platform to update the weight caps in Omnipool—the project’s central liquidity pool.
Objective of the Proposal
The proposal aims to optimize liquidity distribution and enhance the pool’s efficiency by adjusting the weight caps for several assets.
Proposed Updates to Asset Weight Caps in Omnipool:
• DOT: reduction from 80% to 35%
• ETH (MRL): reduction from 30% to 10%
• 2-Pool Stables: increase from 30% to 40%
• vDOT: reduction from 22% to 15%
• 4-Pool Stables: reduction from 20% to 10%
• 2-Pool BTC: reduction from 20% to 15%
• KILT: reduction from 5% to 2%
• BNC: reduction from 5% to 3.5%
• CFG: reduction from 5% to 4%
• CRU: reduction from 5% to 0.7%
• PHA: reduction from 5% to 2.5%
• ZTG: reduction from 5% to 0.4%
• INTR: reduction from 5% to 2%
• HDX: reduction from 2% to 0.1%
• RING: reduction from 2% to 0.15%
Rationale for the Changes
The proposal notes that the Total Value Locked (TVL) in Omnipool has grown significantly, along with an increase in the number of assets. The current weight caps no longer align with real market conditions, making a review necessary.
The main focus is on redistributing weights among stablecoins. The plan is to redirect 10% of the weight cap from the 4-Pool Stables to the 2-Pool Stables. This change aims to attract additional liquidity providers for native stablecoins, as the 4-Pool Stables are not reaching their set weight limit.
Benefits of the Update
• Liquidity Optimization: Adjusting the weights will allow for more efficient distribution of liquidity among assets, improving trading conditions and reducing slippage.
• Risk Management: Reducing weights for less liquid or more volatile tokens will help decrease potential risks for users and stabilize the pool.
• Market Adaptation: Regular updates to weight caps provide Omnipool with the flexibility to respond to dynamic market changes.
Reference Link
https://hydration.subsquare.io/democracy/referenda/175
Hey, what’s up!
If you were on vacation like me, you probably missed this video. I made a short text version for you.
https://x.com/lolmcshizz
https://x.com/DotParachains/status/1833419346007277981
They say gaming is the strongest narrative!
Mythical Games - a gaming chain in the Polkadot ecosystem, has launched a quest with $2M in $MYTH rewards!
👇
https://quests.mythical.games/?invite=zPj1EcBP
Complete tasks to earn points and exclusive NFT gems. The more quests you finish, the more $MYTH you earn!
The Mythical Forest quest ends on October 13th, and rewards will be distributed after the results announcement
Join the quest now!
Exciting updates are here for the 💙 Unique Marketplace!
We’re happy to announce addition of multiple of new features designed to inspire 👨🎨 creators, 🧑💻 developers, and 🧍 NFT enthusiasts as part of the NFTs 2.0 vision.
With 📹 MultiMedia NFT support now live and support for 🔗 Metadata 2.0 standard, alongside updates to our 📖 technical documentation, Unique Network's ecosystem is set to elevate your NFT creation experience on Polkadot like never before.
Ready to explore these cutting-edge tools and start creating?
💙🛒Visit Unique Network's Marketplace here.
📰 👓 Dive into the full update covered on our blog here.
Proposal to zero Polkadot Treasury
https://polkadot.subsquare.io/referenda/1042
https://forum.polkadot.network/t/next-steps-for-the-ambassador-program/9193/10?u=alexpromoteam
Discussions regarding the future and next steps of Polkadot Ambassador Program . Attempt to return it back to Community.
Hydration is Jamming!
An insightful talk by Jak Panik, CTO of
Hydration at PolkadotDecoded 2024
Hydration has just introduced ICE🧊(Intent Composing Engine)
What does it do?
- Simpler composition
- Reduced MEV
- Improved execution prices
- Scaling
And of course, better UX for end-users
Watch the full video👇
https://youtube.com/watch?v=q7_pXtBYACc&t=13379s
#Hydration
Hydration: New Initiatives and Reforms
Hydration, an ambitious decentralized liquidity management platform, continues to impress the community with its new proposals and referenda. This article explores the key initiatives shaping the platform’s future.
Referenda
Referendum 164: Register HDX as a Foreign Asset on AssetHub
This referendum proposes registering HDX on AssetHub, allowing its use in other ecosystems. This is a crucial step for increasing HDX’s accessibility and recognition internationally.
Read more
Referendum 163: Register vASTR in Hydration
The proposal to include vASTR in the Hydration ecosystem aims to expand the network’s functionality and user base, potentially stimulating growth and integration into the broader blockchain ecosystem.
Read more
Treasury Proposals
Proposal 7: Funding Network Operation and Maintenance in Q2 2024
This proposal requests funds to ensure the network’s smooth operation and maintenance in the second quarter of 2024. This includes infrastructure support and technical upgrades.
Read more
Proposal 6: Public RPC Service by Dwellir for Q2 2024
Funding for the public RPC service by Dwellir will ensure the stability and availability of these critical services for developers and users during Q2 2024.
Read more
Council Motions
Motion 200: Open HRMP Channels with NeuroWeb and EnergyWebX
The Hydration Council is initiating the opening of HRMP channels with two key partners: NeuroWeb and EnergyWebX. These integrations aim to enhance inter-network communication and provide new opportunities for Hydration users.
Read more
Conclusion
These initiatives highlight Hydration’s commitment to innovation and infrastructure improvement. The referenda and proposals focus on expanding network capabilities, enhancing interoperability with other blockchains, and ensuring operational stability. The community’s active involvement in decision-making demonstrates the decentralized nature of platform governance.
Hydration continues to evolve and implement new innovations, solidifying its position as a leading platform in the world of decentralized finance.
https://x.com/hydration_net
Polkadot Decoded is less than a week away! 🤩
Get ready! Unique’s CEO Aleksandar Mitrovic will take the Impact Stage to talk about how it’s time to deliver abstract, what’s working and what isn’t, and why Polkadot NFTs should be the go-to choice for users across all blockchains 💯
💻 Join Virtually through here
Or check in with us on-site ⬇️
Get all the info below:
📍 Brussels, Belgium 🇧🇪
🗓️ Thursday, July 11th | 5:40 pm to 6:05 pm CEST
🎙️ Impact Stage
🔗 Register your attendance here: https://events.polkadot.network/event/polkadot-decoded-2024/planning/UGxhbm5pbmdfMjAwNzgzMg
We’ll see you there! 👋
Vote AYE to close this corrupted scheme!
https://x.com/bld77/status/1808254356086468811?s=46&t=bCiGqjiYz74IaOoRjTJU3w
$DOT Shrimps 🦐 was invited to roast the whale 🐋
https://x.com/polkadot/status/1808132978121330979?s=46&t=bCiGqjiYz74IaOoRjTJU3w