Long-term alignment is the anchor of the Hydrex protocol. In the choppy seas of crypto, it’s essential to encourage the actions and behaviors that keep the community steady and moving in the same direction.

To embody this principle, we’re launching the Hydrex Anchor Club, an initiative for those who steer Hydrex forward.

Hydrex’s Anchor Club is designed to amplify the earning power of our most loyal and protocol-aligned users, as well as enable new entrants to accumulate meaningful earning power in the Hydrex flywheel.

Hydrex has designed every mechanic in our tokenomic system to encourage long-term protocol alignment, and the Anchor Club helps move the system design even further in this direction via Anchor Club Credits.

Specifically, there are 2 ways to accumulate Anchor Club Credits; Liquid Account Automations & Flex Account Registrations. Each Anchor Club Credit is redeemable for 1 unit of Earning Power.

With the release of Hydrex’s Liquid Accounts, users can automate the accumulation of earning power by opting into a daily auto-conversion of oHYDX into a Protocol Account.

To further encourage this, Hydrex is offering a 250% bonus from all earning power accumulated through this method, in the form of Anchor Club Credits.

For example, if a daily Liquid Account Automation earns 10 oHYDX & converts into earning power for an existing Protocol Account, this would credit you the ability to redeem 25 additional earning power via earned Anchor Club Credits.

This applies to all gauges in an unlimited capacity. The only requirement is opting into & successfully performing Liquid Account Automations.

Flex Accounts are crucial to Hydrex. The creation of one implies contribution to the Strategic Protocol Reserve and/or acquisition of HYDX on the aftermarket. Flex Accounts have always been prioritized with a 30% Earning Power bonus, but the Anchor Club extends this even further via registrations.

Rolling 2 year locked Flex Account holders will soon be able to register their accounts, which takes a snapshot of the account’s earning power and starts a timer for Anchor Club Credit distributions.

The distributions follow the schedule below, so long as the user does not decrease the Flex Account balance, stop the rolling lock, or transfer the Account NFT to another address.

Anchor Club Community Recognition

While Anchor Club Credits can be converted 1:1 to additional earning power at any time, the historical cumulative amount of credits is tracked for additional community-oriented perks, such as:

• Anchor Club Access - Members who achieve 50,000+ cumulative Anchor Club Credits will be given access to a private Discord channel with the Core Contributors.

• Hydrex Collectibles - Non-financial community-oriented initiatives (such as Hydrex PFP NFTs) that can only be acquired via the Anchor Club’s protocol-aligned activities.

The specifics will be detailed and released in future publications as they come to life.

Wen Anchor Club, Ser?

Hydrex Account Automations are already live, and will be retroactively rewarding participants who utilize the service effectively immediately. Flex Account registrations & Anchor Club Credit distributions are expected to begin in early November.

Thank you for your continued support of the Hydrex protocol, we look forward to furthering the long-term alignment & paving the way for new entrants to participate.