Polkadot allocates over $14 million in DOT tokens to drive liquidity with Hydration
Hydration, a decentralized finance (DeFi) project within the Polkadot (DOT) ecosystem, has received 2 million DOT tokens, equivalent to $14.4 million, to enhance the liquidity and trading efficiency of its liquidity provisioning platform, Omnipool, according to the information disclosed to Finbold on June 10. Strengthening Omnipool with native liquidity The first million DOT will be distributed over a year to attract fresh liquidity to the Polkadot ecosystem, and Liquidity Providers (LPs) can expect initial rewards exceeding 200% APY. Hydration’s single-sided LP system enables users to provide a single asset and join an incentives farm, with incentives available for various assets, including native stablecoins. Picks for you How rich is the first female Washington senator: Patty Murray's net worth revealed ...