1.Sudoswap（类别：NFT、市场）

Sudoswap AMM 是一个 Gas、手续费最少的 AMM 协议，用于促进 NFT（ERC721 s）到代币（ETH 或 ERC20）的交换，使用可定制的价格曲线。

项目状态：SudoAMM 已于 7 月 9 日完成公开发布。

2.Lit Protocol（类别：协议，加密，Web3）

Lit 协议是一个开源的、去中心化的工具，它使用加密技术为区块链用户提供数字和现实世界的体验。

项目状态：该协议的应用程序已投入使用。

3.Increment Finance（类别：协议，加密，Web3）

这是一个结合了交易所、货币市场和价格馈送的 DeFi 平台。

项目状态：Dapp 已经上线，最近还推出了他们的质押产品。

4.Arrows Markets（类别：期权交易）

它使整个期权交易民主化，从做市到经纪人到清算和结算。

项目状态：目前处于测试网阶段。

5.CandyShop by LIQNFT（类别：NFT, 市场，工具套件）

这是一个工具套件，使任何项目只需几行代码就可以启动自己的 NFT 市场。

项目状态：最近升级了他们的开源程序，用户可以轻松的建立和主持他们自己的市场和拍卖会。

6.Decent（类别：NFT, 音乐）

它使艺术家能够通过发布 NFT 获得资金并与他们的粉丝建立社区。

项目状态：该产品已经上线。

7.Loopcrypto（类别：自动化，支付）

它是一种用于自动执行重复加密交易的协议。

8.Mystiko Network（类别：跨链，隐私，跨链桥）

他们正在通过 PaaS（作为 SDK 的隐私）建立最终的 Web3 隐私基础设施。

项目状态：V2 测试网已经上线。

9.TeleportDAO（类别：跨链，基础设施）

它是一种无需信任的跨链桥协议，为开发人员构建跨链应用程序提供了基础设施。

项目状态：Testnet 在 Ropsten 网络上已经上线。

10.Size（类别：场外交易，拍卖，市场）

使用 SIZE，卖家可以使用自定义参数为已归属或未归属代币创建拍卖。

项目状况：该项目尚未启动。

11.STFX（类别：DeFi, 市场）

STFX 是用于短期资产管理的 DeFi 和 SocialFi 协议。作为用户，您可以创建或投资 STF。

项目状况：该项目尚未启动，但预计代币将在 9 月发行。

12.Empiric Network（类别：数据）

这是一个去中心化的、透明的、可组合的预言机网络，利用最先进的零知识密码学。

项目状况：一些项目已经在该技术上进行建设，包括 CurveZero 和 Yagi。

13.Contango:（类别：期货，DeFi）

这是一个去中心化的交易所，提供没有订单簿或流动资金池的到期合约。当交易者开仓时，该协议在固定利率市场上借贷。

项目状态：尚未启动。

14.Farcaster（类别：社交）

这是一个去中心化的社交网络，一个开放的协议，可以支持许多客户端，就像电子邮件一样。

项目状态：桌面应用已经以邀请模式推出。

15.Unlock Protocol（类别：NFT, 治理）

Unlock 是一个开源的、基于以太坊的协议，旨在简化使用 NFT 的在线社区的会员福利。

项目状态：目前在 5 个以上的网络上运行，包括主网、Polygon、Gnosis、Optimism、BSC。

Liquidity Mining incentives are rewards for providing and bonding liquidity into into specific liquidity pools on Osmosis Zone. New pools are onboarded by signaling proposal, and incentives are adjusted each week in accordance with the “Semi-Automatic Incentive Adjustments Model” passed in Osmosis Proposal #13.

DSM — Desmos is blockchain which serves as the backbone to empower the development of user-centric social networks. DSM listed on Osmosis on January 13, 2022.

DIG — Dig Chain is a hub blockchain that coordinates the development of crypto-native real estate using geo-fenced chains that can comply with various local regulations. DIG listed on Osmosis on January 13, 2022.

SOMM — The SOMM airdrop for Osmosis LP has been distributed to OSMO addresses. As of this publication they are being displayed as “Unknown channel-165”.

STARS — Stargaze airdrop is for OSMO staking and LP now claimable. 60% of the airdrop is available initially, with the rest available upon the launch of their marketplace at the end of February. For more info, check out their article on the airdrop and token distribution.

CTK — CertiK is a leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.

GRAV — Gravity Bridge is an Ethereum to Cosmos bridge, allowing Cosmos SDK projects to access ERC-20 assets via IBC, and create ERC-20 representations of Cosmos SDK assets.

INJ — Injective Protocol is a decentralized cross-chain derivatives exchange protocol.

ROWAN — Sifchain is an “omni-chain DEX”, which bridges liquidity from Ethereum with plans for bridges to other chains.

BAND — Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.

Contributions made before HydraDX is leading the race by 15% will receive the highest amount of rewards - between 280 and 125 HDX per contributed DOT. 

After we have secured a comfortable lead, the rewards will start decreasing linearly. They will be at their lowest level once HydraDX has a lead of 25% or more. Contributions made during the time that we are leading by more than 25% will receive between 28 and 12.5 HDX per contributed DOT.

The rewards system is designed to offset the opportunity costs of locking your DOT for the duration of the parachain lease, as opposed to staking it. Contributions made before we have gained a 15% lead will get their full opportunity costs reimbursed. The price of HDX used for the calculation is $ 0.026. This number is based on the closing HDX LBP price of $ 0.08 (February 2021), after taking into account the upcoming tripling of all balances which were built up during our testnet.

Rewards

There is no market price for HDX as of yet as it will be discovered in the Balancer LBP. Investors did not buy into the token but % of the company that has a right to 15% of the network. There was no price on tokens. Thus, founders, employees, advisors and investors are entitled to 15% in total.

Q2: The Team?

The Zee Prime team has co-founded the project, which is led by Jakub. Other Jakub has joined as a technical co-founder and a CTO. Besides them, there are 4 other senior developers working on the project full time, plus two front end devs and a designer (see our github repo). Then there is our talented and always ready to help community manager Pavol 😊. We are working with Blockscience on advanced mathematical modelling.

Q3: Is there a price graph of the LBP anywhere?

https://lbp.hydradx.io/

Q4: What is the vesting schedule for the team and investors?

The current vesting schedule stands as following:

Investorshave a monthly cliff vesting period for 18 months since the mainnet, with the first 1/18 unlocked at the mainnet launch.

The team/founders have additional 6 months to wait after mainnet launch to start vesting for 18 months (24 months total, monthly cliffs).

Q5: Any exchange listings in the works?/ When token trading?

We are not actively seeking listings, the ultimate goal is to have HDX priced and traded in and around our native liquidity protocol - Omnipool. However, we do not discount the possibility that HDX will be listed on other exchanges.

However, it is unlikely that the exchanges will list new Substrate-based tokens before parachain auctions. HDX LBP and this early entry is for people who believe in the team, the idea and the tech.

Please keep in mind that tokens will likely not be tradable for some time (probably until mainnet+couple of weeks). The tokens, however, will be immediately stake-able, generating rewards during the „unlisted” phase and beyond.

Q6: What is xHDX?

xHDX is an ERC20 representation of HDX. xHDX will be redeemable as HDX 1:1 on the HydraDX Stakenet soon after LBP. Please note, that this is not a wrapped HDX. It is not intended to be used on Ethereum network and there is nothing else you should be doing with xHDX apart from acquiring it during LBP and then redeem for native HDX. You risk losing your tokens if you put your xHDX into other smart contracts such as Uniswap LP.

Q7: How is it possible that someone bought $50k worth of xHDX before the LBP?

Please, our explanation on Twitter.

When you create the Balancer LBP contract, it is deployed as unpaused so technically anybody can trade with it in that instance. Unfortunately someone (probably a bot) was able to frontrun the pause command by 1 block.

This incident does not really matter. It is possible that the price paid was too high. In the LBP, being first doesn't necessarily mean having the best price. On the contrary, since at the beginning the price is falling, it could be expected that without constant extreme buying pressure the price will fall.

Q8: Participate only with DAI?

DAI is set by the LBP contract. If you want you can use any balancer pool supported token but this comes with an additional fee (there additional swaps that have to be paid). The cheapest way is to buy with DAI (e.g. on centralized exchange) and send it to Metamask wallet.

Q9: When mainnet?

Our target is ~6 months. However, we also depend on Polkadot infrastructure to be ready and fully functional. It is reasonable to factor in delays. The team is still aiming for the end of Q2.

Q10: Tokenomics?

The tokenomics is in an advanced stage of being formalized. Given that HDX has some unique properties the team along with our partners at Blockscience are making sure that every detail and edge-case scenario is covered.

Note, that the whole project is very long-term oriented so one can expect that the parameters will be aligned with such ambitions. We expect the details to be fully formalized and revealed in the next couple of weeks.

The basics that we already know:

15% Founders, Investors & Advisors

5% LBP (proceeds will be used as a bootstrap for native liquidity on HydraDX Omnipool)

5% Incentivized Stakenet (bounties, staking rewards, etc. during Stakenet)

75% liquidity provision and staking rewards

The circulating supply at mainnet is expected to be ~25% total (out of which 60% are being vested).

Q11: When will you release the guide on how to claim/redeem HDX?

Before the end of the LBP.

Q12: How much time I have after I have bought xHDX to swap/redeem into HDX?

We are not putting any timeframe on this. Let’s say years. However, it is recommended to claim sooner so you will be able to stake.

Q13: Does the LBP work only “one-way”, meaning it will be only possible only to buy and not to sell?

No, it will work like a normal pool (with changing weights). You can trade normally during the LBP which means you can also sell xHDX into the pool. The pool will be terminated after it stops changing weights (~3 days). Balances will be frozen so that we can snapshot the state and you will be able to claim/redeem HDX on HydraDX chain right after.

Q14: So when the LBP finishes, the balances will be frozen? The only thing we will be able to do is to do the swap xHDX → HDX?

Yes, when the LBP concludes, the xHDX balances will be frozen. The only thing to do is to claim/redeem HDX on HydraDX chain and nominate your stake or become a validator.

Q15: Is there a max amount of contribution for the LBP?

No minimum or a maximum.

Q16: If there is no maximum, so in theory a bot could scoop it all up immediately?

In theory yes, but the slippage would be enormous. E.g. in theory, if you would want to buy almost all the tokens (say 90% of xHDX in the pool) during the first day gradually, it would cost upwards of $2,000,000,000. This would send the token price to roughly 91$, making it the most valuable cryptocurrency by implied/fully diluted market capitalization.

Q17: What is the timeframe for the “Stakenet”?

It is actually running (see HERE). Couple of days after LBP we will allow people to redeem HDX, then we'll wait for validators to prepare (1-2 weeks) and then we'll open it up and enable staking.

Q18: How much did the project raise in the seed round?

The company tasked with deploying the HydraDX chain has raised $1.5mm. Proceeds are being used for ongoing development of HydraDX.

Q19: Could someone confirm how the initial price (0.0296$) of the xHDX token in the LBP was calculated?

The price was calculated from the amounts of tokens in the Balancer pool and their weights

(500 000 000 HDX and 1 200 000 DAI in weights 92.5 : 7.5 = (120000092.5)/(5000000007.5) = 0.0296

However, as mentioned before, the sneaky buyer who managed to slip in the transaction before the LBP started had increased the price to $0.0312.

Q20: Can others who didn't participate in LBP also start to mint HDX with DOT or ETH at mainnet launch?

After the mainnet launch anyone will be able to buy HDX anytime.

Q21: When does HDX trading start?

After the mainnet launch, you will be able to buy HDX anytime from the HydraDX protocol directly. We cannot speak to possible CEX listings. However, we consider exchange listing unlikely before the mainnet.

As a reminder, our distribution event is not a means for us to receive funds from community members  - we have already developed functionality with investor support and will continue to do so with their funds. All funds deployed in this LBP are therefore kept within the smart contract and establish liquidity for the protocol for the benefit of the community of users. 

Since AMMs became a thing, Uniswap listing has become a distribution mechanism of choice. However, the underlying parameters of a Uniswap pool are making this very capital intensive (due to slippage prevention) and also do not guarantee a wide and meaningful distribution.

The Liquidity Bootstrapping Pool (LBP) is described by Balancer as  “a smart pool template that allows teams to release a project token while at the same time building deep liquidity”. The key difference in comparison to Uniswap listing, is that the LBP enables custom weights/ratios (and also ability to set a fee charged by the pool).

This makes it great for distributing new tokens because you only need to provide a small portion of the second asset (in HydraDX case it is DAI) to initiate a pool and you optimize the distribution.