Introducing Hydrex’s Zora Creator Coin Program

Since inception, the Hydrex protocol has executed $350M+ in volume generated over $2M in fees on Base. We want to bring that capacity to more tokens, now including Zora’s creators.

As a result, Hydrex is proud to announce our Creator Coins Program, a campaign that plans to issue $100,000+ in incentives to help source deeper liquidity, broaden markets, and create yield opportunities for Zora creators on Base.

Why Zora Creator Coins on Hydrex?

Zora creators often end up with a surplus of their own creator coins, which can create complicated incentives. The best way for creators to monetize is via selling, but they are hesitant to liquidate, as other token holders are typically their largest supporters. They need more options to earn with their creator coins.

Hydrex allows Zora Creator Coins to generate more monetizable volume & opens staking opportunities to earn yield, without liquidating their assets.

Specifically, Hydrex’s Creator Coin Program powers yield opportunities, expands utility, strengthens liquidity, and drives volume by traders.

Activating Creators in the Hydrex Flywheel

The starting point of the Hydrex Flywheel for creators is utilizing their coins as incentives. This kickstarts the deepening of liquidity pools, which has several powerful second-order impacts.

By utilizing Creator Coins as incentives, Hydrex lockers are encouraged to vote on the creator’s liquidity pools. This in-turn directs Hydrex emissions to these pools, resulting in a yield for their coin. Through Hydrex’s single-sided LP deposits, creators can stake and enjoy a portion of these yields. Additionally, the better the yields, the more liquidity, the more volume. Flywheel in effect.

The net result is a win-win. More monetization avenues for creators. More incentives and fees for Hydrex voters.

How We Collaborate with Creators

While Hydrex is working on a self-serve model for onboarding in a streamlined fashion, we are officially opening the doors to the first cohort of creators.

The initial focus is on creators committed to growing the utility and presence of their coin, and open to experimenting within this new paradigm.

The general collaboration structure expected is as follows:

1. Creator provides their coin as voting incentives over several epochs

2. Hydrex creates a liquidity pool & single-sided staking gauges

3. Hydrex lockers vote on the pool in exchange for incentives

4. Creators can now stake their token to earn yield, which creates deeper liquidity & more volume

To apply, creators can get in touch with the team via opening a ticket in the Hydrex Discord or directly here.

Looking Forward: Beyond Initial Liquidity

While the initial creator coin incentivization is designed to help bootstrap liquidity, Hydrex’s expertise in liquidity management can extend services well beyond the initial activation. 

Our aims are to move to a fully decentralized creator coin bootstrapping model after we better understand creator coin pain points and work on the most effective collaboration approaches together. Like all Creator Coin efforts, this is an experimental program, and we’ll be learning & evolving along the way.

Ultimately, Hydrex believes in Base’s Creator Capital Markets. Hydrex wants to play a role in shaping this inevitable future

Want to become part of that future? Join us on Discord & let’s chat!