Hydro Protocol Weekly Updates
July 21— July 27, 2018
Dear Hydro Community,
As the last week of July comes to a close, we are excited to share the progress of our Hydro team. As always, we thank all of you for your support as we continue to grow.
This week, Hydro Protocol has announced three token use cases.
1. Reduced fees for HOT holders — Users who have at least 100 HOT tokens in their Ethereum wallet will receive a fee reduction on Hydro Relayers (such as DDEX).
2. Incentive mechanism — Market Maker rebate program will incentivize liquidity providers with HOT tokens.
The official blog: https://medium.com/ddex/ddexs-new-reduced-fee-structure-50e7f9d30a2a
3. Staking to Share liquidity with Hydro Relayers — Delta Relay is the second functional DEX on Hydro Protocol. By staking HOT tokens, Delta Relay will be able to share liquidity with other Hydro Relayers (currently DDEX).
The official blog: https://medium.com/@deltarelay/introducing-delta-relay-2cacaa6e6fbb
Delta Relay url : https://deltarelay.com/
Product & Development
DDEX, the first Hydro Protocol based 0x Relayer, launched several platform upgrades last week:
DDEX Mobile app:
1.Restructured wallet backup logic;
2.Improved transaction history design;
3.Completed push notification research and multi-platform sync.
4. DDEX mobile preview：Current Orders
Moving onto a weekly analysis of trading volume, specifically for 0x relayers:
In the past week on DDEX, we have seen increases in the following user-based statistics:
- Total number of logged in accounts: +1.51%
- Approve/WRAP/Unwrap transactions: +2.45%
- Buy/Sell transactions: +7.77%
- Accounts with 1st transaction: +1.99%
- Accounts with 1st Wrap ETH: +1.87%
Again, we thank all of you for supporting and trading with DDEX. Our growth is largely due to the continued support from our amazing community.
DDEX’s New Reduced Fee Structure
DDEX’s new fee structure is already effective.Details below:
1.Reduced Trading Fee For All Users:
-0.05% trading fee, one of the lowest in all types of crypto exchanges.
2.Greater Fee Reduction For HOT (Hydro Protocol) token holders:
- 0.01% trading fee, only 1/10th of Binance’s trading fee! To qualify as a HOT token holder, your wallet address simply needs to hold at least 100 HOT (Hydro Protocol Tokens).
Additionally, we are releasing the liquidity incentive programs including 1)Market Maker Rebate Program 2)Trading Volume Rewards Program.
For the details, please click here.
DDEX lunches Bug Bounty Program
DDEX’s highest priority is to ensure a safe and reliable trading experience. To further enhance our platform’s security and overall robustness, we are introducing our “DDEX Bug Bounty Program”. This program encourages the responsible disclosure of potential security vulnerabilities.
If you’ve found a vulnerability, we encourage you to notify us through here and select “Security Vulnerability” as the ticket type.
Rewards
- Low:Up to $100 USD equivalent rewards
- Medium:Up to $1,000 USD equivalent rewards
- High:Up to $2,500 USD equivalent rewards
- Critical:Up to $10,000 USD equivalent rewards
Scope
- API: https://docs.ddex.io/
- DDEX: https://ddex.io/trade
For more information on DDEX bug bounty program, please click here.
DDEX is on DApp Browser
DDEX is integrated into the DApp browser for simple and safe cryptocurrency trading. DApp Browser is a secure mobile Dapp browser and wallet for the Ethereum with various DApps. DApp browser is incubated by Cheetah Mobile, providing users with safe, sleek, optimized experience of DApp transaction and management.
Hydro Protocol gave an interview with Korea‘s №1 media TokenPost
Hydro Protocol co-founder Bowen Wang gave an interview with TokenPost on the Blockchain Open Forum last month. TokenPost is the №1 Blockchain media outlet in Korea with over 350k monthly readership. It is a leading provider of news and analysis on trends, technologies, and companies in the blockchain ecosystem and cryptocurrency market.
In the video interview, Bowen answered 7 questions about DDEX and the future of decentralized exchange. Check out the video below!
For more information on the conversation, click here.
Upcoming Events
Hydro Protocol will host a meetup with 0x Protocol, MakerDAO, and Origo Network teams on August 2nd in Beijing.
This will be the first official visit to China for the 0x Protocol Team. We will invite 100+ partners, media, and cryptofunds to join our meetup on “the Future of Decentralized Exchange”. Also, this meetup will offer an opportunity for our community to have face-to-face communications with our team!
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We are Hiring!
Hydro Protocol and DDEX plan to further expand our team in The United States, Europe, Southeast Asia, and Japan. We are looking for skilled individuals who are as passionate about blockchain as we are. If you believe you have what it takes, please send resumes to jobs@ddex.io
Job opportunities including, but not limited, to https://angel.co/ddex-2
New to Hydro?
Hydro is a network layer protocol for high performance decentralized exchanges and marketplaces with built-in incentives for coordination. Hydro utilizes ’Federated Liquidity Pools’ (FLP) to address the issue of liquidity sharing among various decentralized exchanges.
Fellow us on Medium to be informed for the latest update!
Go to Hydro: https://thehydrofoundation.com?sc
Trade on DDEX: https://ddex.io?scmedium
Join Hydro Telegram Group, DDEX Telegram Group
Follow us on: Twitter, Reddit, Facebook
Thank you very much for your support.
Best regards
Hydro Protocol Team
