Hydro Protocol (@protocol_hydro) header
Hydro Protocol (@protocol_hydro) profile picture

An open source framework for building Decentralized Exchanges

Joined April 2018
Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)Photo by Hydro Protocol (@protocol_hydro)
Hydro Protocol retweeted
DDEX's total value locked is up +43% today and its total ETH locked broke 16K setting a new all-time high
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Hydro Protocol retweeted
Up to $2.5M in ddex.io! New milestone achieved ✅ If you haven't tried DDEX yet, now's a great time #DeFi #DDEX #Decentralized #Finance #ETH #Ethereum
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Hydro Protocol open-sources its most useful tools for interacting with Ethereum @protocol_hydro #ETHEREUM cryptoninjas.net/2020/01/24/…
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Hydro Protocol retweeted
14.69% DAI lending apr on DDEX right now! When the market shifts, it's always a good idea to check out how lending rates have shifted. @LoanScan_io #DeFi #Loanscan #Decentralized #DDEX #DAI #MakerDAO
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Hydro Protocol retweeted
medium.com/hydro-protocol/le… USDC Utilization over 40% on DDEX within the first week of launching. Fascinating to see the impact of different stablecoins #DeFi #USDC
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Hydro Protocol retweeted
Lots of shorts right now on ddex.io - 2% interest rate on ETH! #DeFi is a beautiful thing #DDEX #Decentralized #Ethereum #Interest #Lending #SmartContracts
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Hydro Protocol retweeted
Finally! 5x BTC positions on DDEX is now possible(powered by WBTC underneath). The slippage for $1000 orders is an order of magnitude better than other DeFi projects : ) ddex.io/margin/WBTC-USDT
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Hydro Protocol retweeted
It feels unsafe and a lot of learning curve when try a new dAPP. To ease the nerve, we offer a try and earn program, that every new users who try the product with a transaction will get $5 DAI or USDT!
We are pleased to announce the launch of the margin Trading Competition with @DCENTwallets ! A total of 10,000 $USDT tokens and three D'CENT Hardware wallets are committed to this program. Details: ddex.zendesk.com/hc/en-us/ar… #giveaway #airdrop #DDEX #ETH #BTC #DeFi #DAI #USDT
Hydro Protocol retweeted
The new DDEX Margin Contract launched 1 week ago is now at approximately $1m USD locked (half ETH half stable-coins). Looking forward to the next milestone.
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Hydro Protocol retweeted
Today we are stoked to introduce DDEX Margin with @HuobiWallet ! 🔥🔥🔥 Opening a Long ETH position on your mobile phone is easy: 1. Open DDEX margin via Huobi Wallet app 💻 2. Borrow 💰 3. Place order 🧙‍♂️ 4. Done ✅ #DDEX #DeFi #DAI #USDT #ETH #ETHEREUM #USDT
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Hydro Protocol retweeted
JUST IN: DDEX launches new margin trading and lending platform
We are thrilled to announce that the New DDEX platfrom is officially live! Try it now at ddex.io The New DDEX is a decentralized margin trading and lending platform. You can learn more here: medium.com/hydro-protocol/ne… #DeFi #Exchange #DEX #Eth #Ethereum
Hydro Protocol retweeted
What is #DeFi? How would you define Decentralized Finance?
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Hydro Protocol retweeted
This is interesting from a product design perspective. Coinbase(when they had margin in 2017) only allowed a single position per market, making it impossible to create irrational, self-canceling positions.
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Hydro Protocol retweeted
Hearing such encouraging feedback from industry leaders like @tonyluobo Co-founder of @protocol_hydro offers a tremendous value towards building a community with strong foundations!
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Hydro Protocol retweeted
Another DeFi margin product. The first one I've seen so far that uses an external lending pool. The general recipe is Margin = Lending Pool + DEX: - dydx = Internal Pool + Eth2Dai/0x - nuo = Internal Pool + Kyber - opyn = External Pool (Compound) + Uniswap
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Hydro Protocol retweeted
Mistakes were made. Some due to centralization, some not: - Listing CLAM (governance) - Not capping collateral relative to liquidity (governance) - Reliant on 1 market for price and liquidation (limitation of CEX) - 100% of loss suffered by lenders (all profit no insurance)
On May 26, a sudden, severe price crash in the CLAM market caused a number of margin loans to default, resulting in a roughly 1800 BTC loss in the Poloniex BTC margin lending pool for non-US customers.
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Hydro Protocol retweeted
Teams like @sparkswap and @protocol_hydro are pioneering decentralized exchanges. If crypto is software eating money, then the next logical step is disintermediating an obvious early adopter marketplace
Replying to @el33th4xor
Too bad we still rely on centralized exchanges. DEXs are a step in the right direction. No one should be launching new coins without atomic swap as a base feature. And should be using DHTs to match up buyers and sellers.
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