πŸ’₯ Road to HYDRA 2.0 πŸ’₯

LockTrip.com (LOC Token) Official Blog
Hydra Chain
Published in
4 min readJun 16, 2022

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HYDRA 2.0 is a ground-breaking and transformational combination of new features that are the result of an extensive learning process our team has gone through over the last four years.

Presentation link: https://docs.google.com/presentation/d/e/2PACX-1vQtbivMVZckNPB4_iN0sukerkKG1IgJt97XI8eaLBZiUL8grccSAfIUzjmxhNrGOjuG5G1yVINRZ17e/pub?start=false&loop=false&delayms=5000

We paid close attention to the problems, challenges, as well as opportunities, present in our industry and, have kept the entire focus on working on challenging these problems and opportunities.

HYDRA 2.0 consolidates work from multiple teams and team members with various engineering and economic skills and aims to consolidate the output as a single composable system that unleashes unique and intricate ways for liquidity and economy to flow.

The new meaning of HYDRA represents a process of learning and building on top of previously gained knowledge as well as the hard work of other peers in our industry.

It is ambitious as it challenges some problems that remain unresolved in what now is a multi-trillion dollar industry while making no compromises in terms of the principal philosophy of decentralization, security and permissionless design.

To highlight just some of the few new features that you will be able to see in the HYDRA 2.0 road-map:

Entering the next chapter with a second core-asset LYDRA to join HYDRA with unique utility β€” LYDRA

βœ… Multiple Performance upgrade
βœ… 2000TPS elastic capacity / 300TPS standard mode
βœ… EVM upgrade to match Ethereum
βœ… Second Core-Asset to join HYDRA native ecosystem (Surprise!)
βœ… Liquid Staking to propel capital for useful purposes without the opportunity cost of unstaking
βœ… Delegated Staking
βœ… Single-sided liquidity concept revealed in-depth
βœ… Stablevault Earn Product revealed with target 8%-12% APR and 100% utilization of capital
βœ… Bridge Technology Security Pioneering
βœ… Proposal of Refactoring for leveraged burns
and many many more…

Don’t forget to check out the Presentation -> https://docs.google.com/presentation/d/e/2PACX-1vQtbivMVZckNPB4_iN0sukerkKG1IgJt97XI8eaLBZiUL8grccSAfIUzjmxhNrGOjuG5G1yVINRZ17e/pub?start=false&loop=false&delayms=5000

HYDRA 2.0 is the collective representation of the work that we have been putting behind the scenes for a considerable amount of time and is an effort to put the project into the very epicenter of the industry with all opportunities that it brings.
It will be rolled out in a series of different deployments, ranging from Layer 1 protocol upgrades to composable DeFi smart contracts. Jus thinking that we’ve come to this point is amazing, and our team is incredible grateful for the opportunity to have had this continuous learning experience.

Many of the projects involved in the upgrade have been initiated a long time ago and were subject to extensive design work.

The slides presentation is based on the new HYDRA 2.0 whitepaper. We highly recommend checking both documents as they contain in-depth insights into the future roadmap and generally shares the vision that we have as contributors and founding members of Hydra.

Our determination for pursuing every single aspect of that plan is very high and our motivation is higher than ever. Progress on many of the tasks has already begun with some tasks being in an advanced stage.

HYDRA 2.0 will arguably make an attempt to establish itself as one of the most advanced economic systems with the highest capital utilization efficiency.

The next chapter of HYDRA begins and it is more challenging and ambitious than ever. We hope that it inspires you in the same way that it has inspired us.
We want to thank all of our loyal members for the amazing support and we hope to be able to make the journey through the next chapter together.

Make sure to read the full HYDRA 2.0 Whitepaper

πŸ‘‰ Join the Hydra Community

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:

πŸ”₯ 100% Burn of all Transaction Fees

πŸ’Ž 50% Royalty on Gas for Smart Contract Creators β†’ More Info

πŸ“Œ Fixed Coin Transaction Fees of $0.20 β†’ More Info

πŸ“Œ Fixed Token Transaction Fees of $0.50 β†’ More Info

πŸ’° 20% Minimum APR Staking Income β†’ Staking Calculator

πŸ“ˆ Up to 540 TPS Elastic Capacity

πŸ” EVM Compatible Smart Contract Platform

βš™οΈ Wallet-Level Scalability β†’ More Info

πŸ—³ Unique Decentralized Governance Protocol

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LockTrip.com (LOC Token) Official Blog
Hydra Chain

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